There’s one with no exclusion or loading if 1st year no claim..


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1 mil medical limit per annum?
lifetime limit how much?

Yes 1mil per annum. No lifetime limit..

This post has been edited by kentloonghh: Jan 22 2019, 10:52 PM

how much premium p.a.?

5k per annum at age 70.

quite reasonable if it's sustainable to age 100

U know well the rate then...

Understand your concern, but returns is really not the selling points of ILP.
Sure, a lot of agents in the market use it as a seemingly good selling point (Wah see can get back some money woh, good right?).

You may see ILP as a very transparent, very flexible life insurance plan (can add lots of riders), compared to traditional whole life participating life insurance, which is very rigid and not very transparent at all.

The difference is that ILP exposes you to some risks, which is exactly what you pointed out, market risks.
With that said, a good way to curb that is to maybe pay attention to the funds picked.
Maybe you want a higher ratio in conservative/fixed income funds?
That’s up to you to decide.

Next, one of the most common problem in the market is forgetting to pay premiums, then the policy lapses. Klo medical card tu yg lapse masa nak pakai, die lah.
ILP utilizes the fund value available to pay for the COI while something as trivial as ... credit card expired... or ... changed card..etc, happens and it wasn’t updated in a timely manner. When grace period habis, sama2 kita habis.

Then like you said, return macam not that high. Yalah, after deducting the COI, memang tak hebat mne.
But if you put the premiums together over the years, then put them side by side with a stand-alone plan, adding it all up together, tak beza mne pon.

With all that said, yes, it is quite a pinch for some to fork out 1k or 2k extra a year to choose ILP instead of a standalone plan. It’s not wrong to choose one over another, it’s just what works for you.
If ILP doesn’t sit well with your approach in managing your finances, then maybe a standalone plan is a better fit for you.

Wow ur right. Thought my calculation was wrong initially. Just wanted standalone MC.....but few people want to layan...

dont worry here sure will have people layan you. i believed some agents will persuade you to take ILP. most importantly you know what benefit you can get from both standalone MC and MC attached to an ILP. End of the day you decide what you want. people that dont wanna layan you rugi lor...

Is there any new product that can cover a 60+ years old with heart disease and diabetes history?

Actually cuz not many comp. offering standalone mc now.

But shop around ba. I’m sure the likes of AIA can help you

Ah, yea that's quite ok but do get the agent/staff to explain the terms and conditions, for example:



Know what you are signing then you'll be alright


Best,
Jiansheng

You can check out Allianz Diabetic Essential (ADE) and subsequently post your questions here if you have any.

ADE is a medical card for Diabetes type 2.

Best,
Jiansheng

Hi, Is Critical illness important?

A GE agent quoted me a Life Insurance with a rider for CI, which costs ~90 per month extra.
As far as I understand, CI only pays out when the illness is at advance stage, and for GE, CI is part of the Life's SA.
Isit worthwhile to pay RM90 extra per month just for that 'early payout'? As IMO, when your illness is at advance stage, the survival rate is also relatively low..

There are different kind of CI coverage. It could be late stage coverage or early to late stage coverage.

Also, your age, occupation, smoker/nonsmoker, sex and amount of coverage will determine your premium. So whether it is worthwhile or not depends on these factors. Not discounting the fact that you will be getting the coverage.

Best,
Jiansheng

Critical Illness is quite important, I've customers who suffered cancer and good thing is there is payout from the CI benefit to buffer the living cost while going through daily life.

You may not want to be the lottery winner when it comes to critical illness that strikes all the sudden

The payout is meant for your family

So no choice have to go for ILP MC?

Don't get me wrong, I'm not saying you definitely need to get an ILP.

You should check out other standalone medical card before making that decision.

Best,
Jiansheng