What's the coverage differences (pros and cons) for life insurance plan above?
Let's say sum assured 500k, how much is the yearly premium for each of the plan?

hi all sifu sifu,

how much a medical card cost (per annual) for a 38 years old male, and 2 years old child (female)?
Assuming annual limit of either 200k / 300k for each of them.

only medical card, not ILP kind of plan.

thanks!

lifetime limit? is it 3x annual limit ?

is it recommend to buy medical insurance online?

sub-par agents who are fly-by night
I dont get it sir

Can anyone recommend medical insurance for newborn? Please share the monthly cost and benefits. Thanks in adv

Investment link, payer is IT manager and 41 years old

Greeting. Need a favour here.

Would like to ask about waiver of premium. Been googled and reading about it, how i still dont have much understanding in it.

"A waiver of premium is a provision that allows the insured not to pay premiums during a period of disability that has lasted for a particular length of time. ... Under the waiver of premium provision, the insurance carrier will waive premium payments for you after you have been totally disabled for at least six months."

What is the pros and cons of having waiver of premium?
Please explain to me in lay man term.

Many thanks.

Any GE agents here? I have a policy for my mother in law that expires at the age of 70. She's now 60. I'm looking for options to see if I can upgrade to 100 years old.

Hi sifus,

Sorry for the long post-

I'm new to insurance and I'm looking to get my first policy and been researching around:

Basic background, 24yo female, single, office job

1. Currently focusing on medical with higher coverage as main concern as medical costs are increasing day by day.

2. From what I understand, life is compulsory in all ILP plans so is it OK if I just get the minimum sum assured to stretch my ringgit? Is it necessary to get like 50k as per initial quotes by the agents(premiums of rm250/month)? Or maybe I can purchase separately in the future?

3. Is it necessary/important for me to get CI? I understand that it is to act as income replacement, if the amount is like 50k, I would probably have savings around that amount too, not sure whether I need this rider? Or I can purchase a standalone for higher coverage in the future?

4. ILP are structured that cash value compensates the high COI in the future right? So if now I pay a larger portion of premium with less riders and moore allocation into the fund, the higher acc value will sustain longer and I'm less likely to receive letter for topup next time?  My dad's family history has long age and healthy, so I'm looking to cover up to at least 80 yo.

5. Had a comparison with all big 3 agents which I have tweaked a little to exclude the CI first, budget is around rm150-200:

Prudential-rm160 annual 1.38m coverage deductible 300, life/tpd 20k, Ci 20k, sustainability 64-72yo

GE-rm180, 50k life/tpd, 50k CI, coverage 90+900k no deductible (why separate?), sustainability 99 yo

AIA-rm186, life/tpd 10k, coverage 1.5m deductible 300, sustainability 100 yo

Appreciate if anyone could give some advice for my case.. Not sure whether I'm on the right track or I'm just cutting everything off to get the possible lowest premium lol...

Now on to my dad.. Haha...

My dad is looking to upgrade his plan, 57yo, however he is pilot which is class 4 occupation quoted by all agents.
Current standalone plan is coverage 90k, 2k+/year, which will definitely increase up to 8k-10k+ in future.

He wants to get a medical card similar to mine, any ways to play around so he can get a lower quote? He has company insurance which is unlimited coverage currently and he wants to utilise personal insurance after retirement only. Health is definitely no problem also as their industry have very vigorous checkups half yearly and his family history is like very long age.

Thank you so much!

Thanks for the advice, we are looking at investment linked plans now and deciding which company offers the best for our family. My dad's quote from agents for an ILP is around RM8k/year, he wants to find other cheaper alternatives without forgoing the ILP plan..
Yes, ILP quotes gotten from few different agents, I prefer ILP as don't want to worry about the huge jump of premiums in older ages, although it might be more expensive abit but I guess more ease of mind?
Thank you so much, this is really helpful, I will continue ask around and ask my agent for help, so far one agent has been really helpful and he even helps me to analyse quotations from other companies    About my sis, even if there is no health problem at all with her spine, I will still need to declare? Because from what I know, usually insurance companies will counter offer that excludes spines / loading charges... The checkup was done like > 5 years ago and the doctor didn't say there was any problem with her, but well the record is still there..

Has anyone heard of hospital income riders? Sort of choosing that and between premium waver as well as gennext. AIA here anyone?

I guess that's important for those who are self employed/freelancer and not so much for a salaried worker?

I'm just calculating whether it's better to add on some riders to the insurance to reach the amount for tax relief of 3000 per year. As of now it's below the monthly amount to reach 250. Is it more worth persay?

May I know how much is the premium of pure medical insurance (no ILP) for Male, 34 y/o, non smoker, annual limit 200k-300k, no annual limit.

Hi guy, wanna to ask you...

Do you heard about SunLife Insurance?
SunLife Insurance Malaysia is under which bank?

For example,

Etiqa > Maybank
Thanks a lot.

My current premium is rm200/month for the great Eastern investment link insurance. Now I want to top up the premium from 200 to 250 but my policy already more than 7 years i.e. the premium allocation rate is 100% that all rm200 will be used to buy new units. So will it reset the allocation rate when I top up the premium? Or it start the new allocation rate just for the top up amount rm50?

Hey guys there 2 types of insurance plan right, ilp and standalone one??? Wta which one is cheaper or are both the same over time?

This is Great Eastern's latest fund performance.
On a 5-year CAGR basis, the Fixed Income Fund made 5.2% average per year, the Balance Fund made 3.4%/year, and the Progressive Fund made -0.8%/year (negative).

They need to sack the fund managers for not able to outperform idiot-proof fixed income fund. I know last year was tough but 5-year CAGR performance of that is abso-effing-lutely unacceptable.

Agreed, ge funds really poor performance. My son's Allianz very good, the nav increased from 1.4 to 1.7 for the Dana padu

Hi all.

I just purchased a premium from GE called smartprotect essentials 2. During the discussion with my agent he said my mental illness history MIGHT get my insurance get rejected. Any advice from sifu here is appreciated.

Ah yes he did mention that so he's going to GE tomorrow and see how it goes. Thank you

Hi Sifus,

I have an old insurance, where the payor is my parent.

I wonder do we have to do a transfer to order for tax relief for myself?

Thanks,

is ILP the annual payment is fix the same yearly? Bcs like my just medical package the annual payment will increase every 5 years and ya after 50 years and older the price you have to pay yearly is very high.