Technically you can do so, however the amount you may need to top up will be higher than doing it initially because you have loss "Time" factor in investing the amount.

Time x Money = Investment

Assuming investment target is 100,000

1) 25 years x 4,000 = 100,000

2) 20 years x 5,000 = 100,000

As you can see the above example, you may need to dump in 1,000 more in 5 years difference in order to achieve the same amount.

I would advise to get medical card that can last atleast 80 and above considering the lifespan nowadays for Malaysian has increased compared to the past.

What is his occupation ?

That’s because medical cost increases overtime and it’s unpredictable.

If you take your insurance without the medical card then the forecast can say its 100% accurate.

its considered as medical portion.

Depends if you're covering under term insurance or investment link policy.

If it's a term insurance (standalone) then the cost of insurance will increase over the years but you're paying the cost price without any investment.

Otherwise if you want something cheaper over the long term then you can get the investment link policy but the monthly contribution will be more initially.

Yes it's possible to cover until age 100 yr old.

Can go with Great Eastern / AIA

If he’s talking about max budget, he could also mean what’s the max amount he is willing to spend for his insurance premium.

Ideally what you’ve mentioned is the “ideal insurance” but in reality, it’s not always the case.

Not necessary.

If you’ve opted for term insurance then yes, it’s just like your car insurance, if you don’t make any claim then it just burns off and you need buy the cover again.

For standalone medical card it is the same, if you didn’t make any claim for the year, the premium paid is burnt off.

This is different if you’ve opted for investment link policy. There will be cash value in the policy as you pay through the years. However if your insurance policy consist of the medical card rider, then it will come to a point of time where the policy may not have enough cash value in the policy to sustain the medical card as the cost of insurance for the medical card continue to increase over times.

There are also insurance policies like Death & Disability / Critical Illness coverage which you have choice to pay within 5 / 10 / 20 years or whole life.

So it will depend on what kind of insurance policies you’ve signed up for.

As what cherroy pointed out.

These 2 variable will make it hard to determine the future COI as well as how much premium you should contribute now in order to make sure that it 100% can last through >80 yrs old.

You may always try to stand by some extra buffer on top of what you’re paying for your insurance premium at the moment for the future if you are worried that your cash value within your insurance policy may not sustain until the age that you’re targeting to last until.

Not necessary, you did get to enjoy other insurance benefits besides hospitalization benefit alone.

Having said that, I’m sure the premium that you’ve paid had helped you to buffer some of the increasing cost for a period of time although I’m not sure how your insurance policy was structured by your insurance agent.

choose your insurance policy & agent wisely.

Unless you can guarantee yourself not to get sick or dead before you’re old to buy your insurance, you wish you had insurance so you’re covered for things which are not pre-existing (illness).

Like cherroy says, you don’t want to try to “win” against insurance.

If you’ve read my post earlier, it already answers your question. Medical cost is the key component that is the costliest. Your insurance cash value exhaust because of its increasing cost.

Haha then when get into accident in a car / house on fire / lying in bed, thank their lucky star they had insurance, when happy go lucky that time, say waste money.

if got whole life medical card I think it will sell like hot cake

contact 03-2271 8000 AmMetLife directly and they'll get someone to call you

What’s not worth ?

Need to establish the main purpose of the insurance plan.

Depends on what kind of pre existing illness, if it has risk of causing death earlier then it will be rejected as well.

At what point you need to do a top up, that will be unknown as the cost is unpredictable.

Since you've opted for a low premium contribution with high coverage, be prepared for the policy to top up very soon by the insurance company.

Sounds good now, wait till later

like I said many times, as long as you're healthy, you have a choice on when u want to apply for insurance, just don't cry father mother when you are down with a pre-existing illness and its too late to apply for any insurance.

until 80 yrs old will suffice for now unless you can live beyond that then maybe can consider until 100 yrs old.

Smart Medic Xtra Great Eastern
A-Med Regular - AIA

Medical repricing is always on-going, it's just matter of when it will be pushed to the policy holders. If the insurance company is willing to subsidies the cost then the price will sustain for awhile before it becomes "unfavourable" to the shareholders then they will eventually push it to the policy holder.

Unless there is a reduction in medical cost / equipment / medical research / pharmaceutical / corporate shareholder interest / economy. Insurance company will need to continue to innovate their insurance plan offer / expand their investment horizon.