Jul 31 2008, 09:41 PM
QUOTE(cooldownguy86 @ Jul 4 2008, 08:53 PM)
hello all, i'm a tertiary student, 22/male. I have few question regarding life insurance....I hope you guys can help me out... thank you...
i'm currently holding a ING policy. it's a purely medical plan/medical card (a life insurance with BSA of 5k and medical plan rider, IMP 3) with annual limit of RM110k. My current premium is about RM 700 p/a
i'm planning to get a 3D protection(Death, TPD, CI) as well. My budget is around RM 800 p/a.
1. Wat do you think about my current medical card? Is too much to pay RM700 p/a for a medical card?
2. Issit advisable/preferable that I upgrade my current ING policy or should I buy a seperate policy? I'm currently eyeing for GE's Supreme Living Care.
3. What is the protection that i can get from RM 800 p/a?
4. I've gotten a policy quotation (Supreme Living Care, traditional 3D policy) from my friend, a GE agent. With RM 1500 p/a, i'm offered BSA of RM55k, with cash bonus. The BSA is to increase every year. BSAs at every 10 policy years are 77k, 99k, 110k, 110k, 110k, 82.5k.
What do you guys think about this. At RM1500 p/a the BSA is Rm55k... is that too little? At RM800 p/a the BSA surely will be way lower.
5. In general... are policies upgradable? I plan to increase my life insurance protection once i've started working.
thank you....
Hi cooldownguy86, I dont know if i'm allow to promote POWERLINK from Allianz here but since you wanted to know some option on buying an all-in-1 life insurance, i wanted to help.i'm currently holding a ING policy. it's a purely medical plan/medical card (a life insurance with BSA of 5k and medical plan rider, IMP 3) with annual limit of RM110k. My current premium is about RM 700 p/a
i'm planning to get a 3D protection(Death, TPD, CI) as well. My budget is around RM 800 p/a.
1. Wat do you think about my current medical card? Is too much to pay RM700 p/a for a medical card?
2. Issit advisable/preferable that I upgrade my current ING policy or should I buy a seperate policy? I'm currently eyeing for GE's Supreme Living Care.
3. What is the protection that i can get from RM 800 p/a?
4. I've gotten a policy quotation (Supreme Living Care, traditional 3D policy) from my friend, a GE agent. With RM 1500 p/a, i'm offered BSA of RM55k, with cash bonus. The BSA is to increase every year. BSAs at every 10 policy years are 77k, 99k, 110k, 110k, 110k, 82.5k.
What do you guys think about this. At RM1500 p/a the BSA is Rm55k... is that too little? At RM800 p/a the BSA surely will be way lower.
5. In general... are policies upgradable? I plan to increase my life insurance protection once i've started working.
thank you....
Based on your age (22y/o) non-smoker, Powerlink can suggest you the following;
Both quoted with RM1200p/a premium and for your info, it can be in monthly basis (RM100p/month in this case)
. BENEFITS:
Death/TPD - RM80k
36 CI - RM70k (till age 99) (payout without deducting Death/TPD which some company do)
Personal Accident - RM40k (till age 99)
Medical Card - RM50k p/a with lifetime limit of RM500k (till age 80) no co-insurance.
*also included - PayorCover (Premium will be waived once diagnosed of CI)
- Saving and Investment
Or
(Recommeded)
Death/TPD - RM36k
36 CI - RM30k (till age 99) (payout without deducting Death/TPD which some company do)
Personal Accident - RM40k (till age 99)
Medical Card - RM75k p/a with lifetime limit of RM750k
(till age 80) no co-insurance. *also included - PayorCover (Premium will be waived once diagnosed of CI)
- Saving and Investment
As you can see, the recommended one provide you with High Coverage of MC coping with the raise of medical charges (average of 15% higher p/a)
And please take not that the MC is guarantee renewal till age 80. So, peace of mind to those with CI before age 80 or use up the lifetime limit of RM750k, which ever come first.
That's a life insurance should be. If you want more cash value or bonus or watever returns instead, i advice you search somewhere else.
Hope that helps.
This post has been edited by raiverex: Jul 31 2008, 09:45 PM
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