Agree with what you are saying =)

What sort of insurance can I and should get if I am a 23 year old Male non-smoker, with a premium of maybe around RM200-250 per month? It was mentioned to cover a medical card first and then life and critical illness?

do your workplace have any kind of insurance covered? what are they? how much do they cover?
do you ride bikes to work?
does your family members has known critical illness history?

provides some added info so that relevant sifus of insurance to suggest....

ILP, premium spent depends on how comprehensive you want your insurance to be.

its depend on what you need actually. and whats your job ?

https://www.dailymail.co.uk/health/article-...-remission.html

Which insurance company would cover experimental treatments such as the above? Just curious..

doubt so can cover "experimental" treatments for now

I don't think any Insurance Company in Malaysia will cover experimental treatments because it's not a confirm treatments that can cure sickness.

Dear sifus I read a few pages here as well as product brochures and still can't make up my mind which insurance suits me.

1. i'm a 29 year old male still single and sole breadwinner. Only kid for my aged parents 68 and 64
2. Non-smoker
3. Looking at a long term plan with investment benefits.

I have not met any insurance agent or looked up for insurance till today so I may not have the best idea. Looking forward for some advise and preferably a plan I should consider at my age.

Thank you,
Praveen

Hi Pravred,

Great to see that you are actively looking to manage your life risk. In regards to what to consider, these are a few things to consider prior to looking for a plan.

Life/TPD:
In the event of Death/TPD how much will my dependant/me need to survive for X number of years? Do I have any liabilities to be cleared to ensure my estate distribution goes smoothly?

Medical Card:
Would I prefer a single or sharing room? Would I want a medical card with unlimited lifetime limit?

Critical illness:
In the event of getting a critical illness, the sum coverage will be your income replacement during your recovery. So you need to determin how much you might need during your period of recovery. Assuming you no longer get paid while recovery. For example; I will take half a year or 1 year off for my CI recovery.

Once you work these out you can engage a couple of agents for a quote/sit down discussion to find out who can best serve your needs.

Best,
Jiansheng

Hi Praveen

From the look of it, you seem to worry that if anything happens to you, no one will take care of your parents especially financially. Since you didn't really describe your current marital status, I would assume you're single.

In such case, it's probably more important for you to cover against death or disability, as well as for medical insurance for yourself in case you get hospitalized, in such situation, the death and disability benefit will help payout to your dependent which is your parents so that their financials are taken care of. It will also have dual effect to assist you if you get disability.

Once you've the 2 benefits above, the next thing could probably be critical illness which is used to replace some of your loss of income due to your health impacted by a 36 critical illness.

That being said, it also depends on how much you are willing to spend for your insurance to be how comprehensive to cover you.

Seek a life insurance agent to help you out.

Hi Holocene,
Thank you. Exactly what I was looking for, the main things to consider. I shall read up and get back here with more queries.

This post has been edited by pravred: Apr 10 2019, 06:32 PM

Hi lifebalance,

Thank you for the points, now I know what to look for, will be back soon with queries.

Hi!
Currently I have 2 plans, SMART LEGACY and SMARTPROTECT ESSENTIAL INSURANCE 2 from Great Eastern.
May I know if this is a bit redundant? and if it is, where and how should I change the plan?

Here's my brief intro,
25 y.o. male, single. Parents is in their 50s. Mom still working (gov servant) and dad retired and 1 sis (studying). The monthly premium is between 10 to 15% of my monthly salary.

I tried to consult with my agent/planner, but he keep on pushing new plan to me saying i need more protection @@

Hopefully the sifus here can help!

Thanks

Just trying my luck - Any Allianz agent willing to adopt me as policy holder?

I posted here few months back - basically my agent wasn't honest. Have filed issue with Allianz and will request for agent change. Was told if there's no one I'd like to nominate then Allianz will try to match me with one.

My profile:
Male, non smoker, desk job, next bday age 36, single, works out for general purpose fitness these days (used to do long distance cycling and running).

Current coverage (over 3 policies that could've been 1)
Life/TPD: 400k
Accident: 500k
Early crisis: 200k (Prime Care)
Medical card: Medisafe Infinite 300

Thanks for your time

This post has been edited by roarus: Apr 10 2019, 10:03 PM

Sure, come under my wing.

Have sent you PM. Thanks

your agent should tell you how much coverage you need, it's your own decision if you'll follow your agent's advise, if it's not within your financial means at the moment then just tell your agent that you can't afford the additional coverage.

Smart legacy is life insurance and meanwhile smartprotect essential insurance 2 is mostly medical card. What you want to change in the plan?

Hey pravred, just wondering what is your occupation?