Hi guys it's me again. I've just met up with an agent and gotten a quotation for an ILP for my parents and me (because the agent kept pushing for ILP, saying how the medical card will get more and more expensive only)

Parents:



Mine:



Info/Disclaimer:
I know and totally understand my parents should have gotten this earlier but the idea wasn't translated into actions so now it's getting more expensive at their age.

Questions:
1. The guy actually quoted another plan which was standalone medical for my mum, and the premium is 50% less than the one with ILF. He kept saying medical card will get more and more expensive in the future, which is true, but isn't it the same if i pay more later or pay more now? The extra fund i pay into it is just so that i can cover my high medical card price in the future only. Furthermore it will also be used to maintain the fund etc, so after deducting all the administrative costs i'm practically left with little to nothing.
Put it this way, getting either the standalone or the rider attached in the ILP is the same. only thing is whether we are okay with the increasing premium of standalone medical card or not. or you can look it this way, if the total cost of getting the standalone/ILP is the same, which one will you get. end of the day the decision is still up to you. most importantly you manage to get something for your dad.

2. If we only opt for the medical card (term insurance?), is it that critical illness, personal accident and all those are not included? Because i don't see them included in the proposal i received.
Medical card covers medical expenses incurred for critical illness / accident. The critical illness/personal accident benefit is something additional that payout a sum of money to you (not related to medical card).

3. Do you think the premium for number 2. will be cheaper if i buy them separately (but from the same insurance company) but EXCLUDING the ILF.
it will be cheaper now and more expensive later on when one ages. But I will say total cost will be more or less the same.

Thanks.

Hi guys,

Currently I have the following policies from different insurers:

1) GreatEastern - Supreme Multicare Wholelife with Cash bonus (Sum assured 50k) - cover ends at 2078 - currently premium is paid using the cash bonus, else annual premium is RM897.50
2) GreatEastern - Supreme Livingcare Wholelife with Cash bonus (Sum assured 50k) - cover ends at 2078 - currently premium is paid using the cash bonus, else annual premium is RM1065
3) Prudential - PRUlink assurance account (Sum assured 60k) - expiry/maturity 2079
with PRUmajor med 2 Benefit RM100 R&B - annual premium RM3760.12
4) AIA (previously ING) - Premier Lifestyle (Critical Illness) (Face value 70k) - annual premium RM1720
My current company also provides insurance coverage as long as I'm employed with the company:
Group Term Life (employee only) - Sum assured 600k
Group Personal Accident (employee only) - Sum assured 250k
Group Hospital & Surgical (employee & family) - R&B 250 + 70,000 MME
Medical outpatient (employee & family) - Employee unlimited, family shared of 1.6k annually.

Do you think I should surrender some of my personal policies and consolidate into a single provider to reduce premium costs? I'm the sole provider for my wife and one child.

Hi everyone. I need some advise. I currently have a very old ILP plan with Prudential. The medical coverage is low at 225K and I have to co-pay 10% of the bills. only 80K life/CI. Paying 230 a month

I am thinking of either up-ping the medical or completely switch to newer and better plans. I actually don't need the life insurance. More concerned with medical, CI and TPD.

May I know your advises? Thanks

Also, I read that as we age the insurance premium goes up? Means if I'm at age 50, 60 and above i have to pay more and more? Does it work this way for ILP too? I asked my agent and she told me that she cannot estimate what I would be paying on my later years. Is that true? because I saw someone seem to provide rough calculations...somewhere

Thanks for your help

Hi, I am new to insurance, recently approached by Great Eastern agent quoted me 27M non smoker, office

Life/TPD - 150k
CI - early payout up to 130k
Accidental death - 30k

Medical card
Room & board - rm200
Overall annual limited - 120k
No life time limit

Medical extender
Deductible amount - 120k
Overall annual limit - 1.2mil
No life time limit

My question is, does the medical extender really necessary?

Hmm was told that the difference is not much. I don't mind paying for extender just thinking that should I include this now or add on this 5 years later.
Thanks for highlighting this, was thinking that I does not need that high limit at the moment.
Well, I think i will just go with the extender.
Base on my current situation 120k is sufficient to me, perhaps not when I am getting older. Anyway, I don't get the idea of why they having this extender? More flexible to those who prefer to have lower premium?

I am looking for a Non-Investment Linked insurance, preferably AIA.

Currently my insurance is PruBSN TakafulLink (an Investment Linked insurance). I want to change it to non-investment but my agent told me cannot since my updated policy not even 1 year (i had this insurance for more than 3 years, just recently upgrade). If I want to change, the steps is I need to create another policy (non-investment) and maintain the existing one for 1 year. Then I can close the old policy. This however, take too much time to wait and I would be paying more.

Other option was given to me is find a policy from another insurance company and close the existing one. Which is what I want to do now.

The current policy coverage are:
PruBSN TakafulLink - RM150k
Accidental Death & Disablement - RM50k
Compassionate Benefit - RM3k
Crisis Shield - RM100k
HealthEnrich+ Vital - Plan 20 SmartSaver300

Age 30, Non-Smoker

Paid - RM237/month

Im looking for an AIA insurance  policy that has similar coverage or better but MUST be the around the same amount but not higher than rm240/month.

my Age 31
Occupation Engineering Consultancy
Gender Male
Non-smoker

Room & Board - RM200
Life/TPD - 150k
PA - 100k
CI - 50k

possible to get RM300/month? I prefer to start low first, is it good? how long will the sustainability be, will insurance company price similar?

Hi everybody,

I had an AIA A-lifelink plan previously and I got it when I was 29yo. This current plan has RM50K Death and TPD. RM125K Early CriticalCare and an A-Plus Med Plan 150 medical card of RM100K/year. The premium I serve is RM3000/year.

Just recently, I asked for a new plan from AIA agent and I got the following:
1. Current age: 34yo non-smoker;
2. A-Lifelink 2. Death and TPD: RM100K;
3. 39 Critical Illness Benefit: RM100K;
4. 92 Early Critical Illness: RM100K;
5. Medical Card A-Plus Health Plan 200: RM1.5M/year.
6. Premium of RM6200/year.

I have since get married and are currently supporting my wife and 1 baby. Would like to know if this plan reasonable for the costs and if any feedback. I was hoping to get a plan under 5000/year actually

Thanks

Hi I'm new to this and would like to apply for a Medical insurance. Any Great Eastern or AIA agents can give me some quotations? What sort of info do you need?

Thank you.