wanna ask is investment link insurance consider a life insurance too????

anything wif life coverage is consider a life insurance....
ILP is so called the complete package as it can includes all sorts of coverage inside

grear protectlink insurance sum assured rm 60000
76 yrs critical illness rm 60k
accident benefit rm 30k

this is my invesment link insurance i brought it for over 2 years paying rm 150/mth

i fell like something is not rite bout the policy..my friend paying rm 160 get a policy of 100k..
do u think i shld continue with this policy or cut it..i cant seem to find wat is my max value of my medical card in the policy?

please advice

Hi, how about your age and occupation?
You friend's policy coverage? any other coverage beside the 100k?

hi i am 24 this year brought GE 2 years ago..

My friend coverage is this
death benefit rm100k
accident death and disablement 100k
is also an investment link just by prudential only.
payin rm160/mth.

was wondering is it because of different agent come out with different way of doin the policy??

well, whether is it because of agent, it is not appropriate for me to comment.

But, critical illness coverage will tend to be more expensive then accidental benefit.
The other possibility is, there is higher portion of saving in your policy.

By the way, i don't there is medical coverage in your policy since you couldn't find it.

To be sure, i will need to review your policy only can give you an accurate answer.

I dont think it is wise to discontinue...
as u may lose some cash value especially ur policy is not too long or just started...
at this moment u may not have back the cash value u had paid, and might lose quite some amount...
u have to consult ur agent regarding this
mebe u can try take another policy if u can support it financially and remove unnecessary riders...
i tried to quote a medical policy for u as i cant find any medical coverage in ur policy

1300 annual premium
R&B 150 medical card
annual limit : 90k
Lifetime limit: unlimited
guaranteed renewal till age 100
waiver premium till age 100
life coverage RM10k

accident death and disablement is cheaper compare to 36 Illness.
Also, you should check is there any other rider in your policy.
- Medical card
- Waiver of premium
- Daily hospital cash allowance
- etc...

Different agent might come out with different type of benefits.
But with the same company same benefits, all agents will quote you the same.

Agree...
there no way of over quoting a customer...
but diff company have diff price for diff benefits...
but won't have huge diff in pricing...
each have their pros and cons...
just see what is suitable for you

Hey guys....

Im currently having Prudential (PruLink i think) about 3-4 years already, but recently i heard ppl saying Great Eastern is the best insurance.

Does anyone know whats the difference?
Should i stop Prudential and switch to Great Eastern, or get both?

Bro,
there is no best insurance,
everything depends on ur agent....
insurance is all about servicing....
and understanding....
if ur agent is responsible, prudential can be better than great eastern anytime
no offence to P or GE agents....

---

Added on July 6, 2009, 11:37 ambtw...
wats ur age?
and wat coverage u have in ur prulink?
it is always not recommended to discontinue....
but if ur agent is really bad...
try finding another one

This post has been edited by ChinHong86: Jul 6 2009, 11:37 AM

there is no best product.
and it is not so good to cancel existing policy unless it is over insured.
you may consider to take extra if u feel insufficient

Hi,
May I know what is the reason of you saying the above statement? Hope that you can share it out.

Stopping a policy is always not encourage. As after you stop, you will have to pay more to get the same benefits. Insurance charges is increase by age.

If you are not satisfy with your current policy, you can always change the benefits inside. PruLink allow you to do that.

for all policy holders...
any ILP plan allows you to change the benefits any time of ur life, T&C applied
but protection price will be based on the age u change the benefits and not the age u had first applied
so consider well...
if u are still young u can afford to do that..
try to avoid changing after old age
the best is know what you want...
communicate well with your agent...
let him/her help you

hi just wanna ask can i change my benefit in GE ILP???

---

Added on July 6, 2009, 5:55 pmhi thanks for the quotation..

i have a medical card just that i do not know wat is the limit..
i just feel cheated by my agent currently as she did not provide me with much info on my GE policy,
and in the policy after browsing for a few times i cant find the limit except this

grear protectlink insurance sum assured rm 60000
76 yrs critical illness rm 60k
accident benefit rm 30k

as comparison to my friend policy which is written clearly.

so any way to change my policy to another company ,,??
or i shld i continue??

This post has been edited by serenayap: Jul 6 2009, 05:55 PM

May be i can help you to do a policy review before you make a decision? So that your policy won't be wasted if it is not necessary to change.

Is it ok for you?

Im not sure if you can change benefit easily like Prulink, Im not from GE, I am from Prudential. But you should be able to increase/decrease your premium.

Did you notice somehing like IL-HP100, IL-HP150... in your policy? That should be your medical card plan name. Every company have different standard in writing the policy. Some is clear and straight forward but some is not. You can always ask your agent to explain to you again what you have bought. He is suppose to service you, do not hesitate to call him. He got commision in selling you the policy.

Second option is have another agent to review for you your policy. But you will have to judge whether the agent is telling you the truth or he is just trying to close a sales.

If you found out your insurance is not enough to cover your risk, you have the option below:
- Ignore it
- Top up your current ILP. If you are dont like your current agent, you can find another agent to top up. So you will have 2 agents to serve you. : D
- Get another policy by same company or different company.

if you don't mind,
i can do a free servicing for you,
doing financial health check for you
and also policy review
what we can give is only advise,
we cant decide for you whether to discontinue or to continue,
but discontinuing a policy is the last resort,
for sure,
u will lose....
we can set an appointment to meet up.
u can pm me ur number if u don't mind

The agent was my college mate i just bought from her since she's the 1st person that approach me after i started working..

Responsible? I dont really know what's an agent responsibility is actually..
I rarely find her and there's nothing else and no contact once i started paying via autodebit, except once that i request to change credit card (that also took some time coz she says busy).
Other than that, just the normal booklet/DVD from Prudential about their company performance, and also the insurance statement..

Coverage?
The normal ones gua...Death and Medical Card + Investment lor...


Erm my fren says GE covers more illness, especially cancers or something like that.

I think you are referring to 36Illnesses. All company's 36Illness is different. But only some minor difference. Major illness that you can name of should can be found in all company's policy.