Buying a pure insurance plan and then invest myself on online platforms vs buying investment linked insurance, which one is better ?

What are the typical sales charges for the investment part of such plans ?

Just buy for medical thats it. Investment one is a scam

buying insurance is for protection whilst get back some cash value in future.

investing yourself in unit trust like FSM is pure profit. u just need to pay the minimum sales charge.

dont use insurance plan to earn your profit. unless u want use it like a force savings.

https://www.fundsupermart.com.my/insurance

do u have a news for this? want to read.

If insurance can give 10% annual return , I say why not??

Buy when you have enough money spend.

Not buy when you are in tight financial situation.

After all, insurance is a money game.

My agent go Japan and Australia travel yearly. Keep recommending stupid plans.

Just stick to < 300 plan will do

Because investing by myself using other platforms will give me a better return

Pandai boy

Ok la scam is an exaggeration. But you could invest money elsewhere better

Use the SEARCH button

Which insurance can give 10% guarantee annual return
Even if the financial report stated 10%, after minus agent fee, this and that, the return is much lesser

Indeed

But historically it cannot. I believe average is only 2% return on investment linked plans. (At least amongst my friends and family ) Which is ridiculous.

But they will of course promise you the sky when selling.

End of the day I can only conclude that insurance really is a bloody scam.

U pay more for investment
Without investment, the premium is cheaper

Investment link plan is popular because people don't like the idea of paying something monthly and not able to get something back. Can you imagine how most Malaysian will react if the agent tell you this :

"Okay so boss you pay RM600 a year. If you enter hospital we kautim the bill between RM2k to RM100k. But if you healthy healthy your RM600 burn. Btw the premium may go up next year".

Confirm customer rage say insurance cheat people etc.

We need to educate the public more on the purpose of insurance. I've seen too many cases of people not understanding why they're buying insurance.

This post has been edited by Kaerna: Jan 31 2018, 10:29 PM

That is why I'm asking the obvious question

If he answer yes then go ahead and invest using insurance

If answer is no , can kolos thread

Typical sales charges may varies ie 2% for unit trusts , 0.1% for stocks (min charge varies, can be RM8 or so)...
Let's take unit trusts as comparison...
Investment linked insurance:
- Charges can be super high during first few years meaning that the premium that you paid ie RM100, RM70 maybe used for charges (commission, admin fee, etc) the rest is used for investments.
- Insurance companies usually opt for safer investments such as bonds (no freedom on choosing until you opt for fund switching)
- You can't control how to segregate your investment ie: heavy weight on specific region
- Early bail (surrender) may incur extra unforeseen charges

I would always favor to invest on your own if you have the time to avoid unnecessary waste of money and more control on what you wanted.
Generally only go for medical or if you have dependents, go for life insurance, I don't think ILP will be any better than DIY investment.
This is only my personal opinion of course...

Don't confuse yourself by thinking investment link = insurance + investment. Investment link is coverage + using your savings to invest to maintain a level premium. Investment link is the cheapest plan out there in terms of coverage/price. Unless you are comparing with standalone medical card which is not a fair comparison due to lower benefit and increasing premium. Most traditional plans out there has higher premium and savings than investment link. The only disadvantage of investment link is the savings might be depleted due to maintaining level premium. This is usually policy age 30 and above.

https://kclau.com/insurance/why-you-should-...surance-policy/

this fella said differently, but i don't believe him

one should not mix insurance and investment together.

if u want to be ensured, buy insurance.

if u want to to diversify, buy investment products.

talk about this, 2 lady agent promoting their insurance(investment+life+medical combo insurance) pissed off when i said only interested on medical standalone insurance oni, while investment i use other channel, wadehel.

Investment =/ investment link

Investment link = using your cash value to invest. Most insurance has cash value, is the just the method of investment.

Fuck them upside down la why give face unless big nen nen. If sales person gives me attitude when cannot get business, siap la kena fucuk upside down.

U are the customer, x puas ambik thier ID no and complain to hq

let me know if you find an insurance scheme giving guaranteed 10% annual return please.

Could you guys intro a few best pure medical/life insurance.

I got do Insurance Investment link.

Got my money oledi after matured (15 years)

As long as you OK with the monthly and terms, and also pay continuously, it should be OK. Of course there are many other investments you can think off.

I think TS oredi got his answer

Your budget will be the main factor affecting your decision on which one is better as the benefits between a standalone vs an investment linked medical card is very very different, especially if you were to compare the million dollar annual coverage & no lifetime limit medical card against a standalone medical card.

I would like to reiterate once more, if your understanding of investment linke = unit trust with insurance company the number you’ll be in a rude awakening. Investment linked plans merely allows a level premium by offsetting the increasing cost of just insurance (COI) with the cash value in the plan. It is not a tool to grow your wealth.

I have attached a graph for everyone’s understanding. That is the general idea of how ILP works.

Best,
Jiansheng


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