hi bro, do you need help? I can help you check with this policy.

hi bro, I PM you now.

Hi bro, I PM you.

All company will increase their price for the standalone medical card because more and more people will move out from standalone plan to a better invested link plan. Therefore, every few years they will increase prices, and actually AIA, Allianz, etc will increase price within this few months.

myself are taking SPEI2 from Great Eastern with RM150 R&B, and monthly are paying RM 200. The main concern of having investedlink insurance are the cash value inside actually. nor matter how cheap is the plan, without the cash value inside will causes me having hard time to pay in future.

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

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

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?

Will you expose to a lot of machinery ?

You don't take investment-linked insurance plan (ILP) as an actual "investment". The actual benefit of ILP is to handle future increment of insurance charges thus see what I posted before this.

Non ILP plan aka standalone alone medical card are most likely has increment in price from time to time. Therefore, you might pay even more in future. I will try roughly make a comparison table for everyone, but please don't refer to it at 100%.

ILP is cheaper in the long run because even so insurance charges increase the "cash value" inside the ILP mostly can cover up it compare to stand-alone, it has no cash value or additional add on; eg: Critical Illness with Early Payout (Great Eastern). Mostly standalone medical card cannot add on a lot of stuff one, usually you need to take ILP only can have such privilege to add on more.

This is base on 25 years old male, non smoking. Take this as reference, different company has different price increment. I just roughly do a simple comparison chart, and there's actually a lot of other factors will take in count on this.


This post has been edited by HoNeYdEwBoY: Apr 14 2019, 04:33 PM

Group insurance usually share among others with the limit, this one you need to clarify with your HR department. Nowadays medical limit are usually recommend up to 1M limit one.

ei my bad on my maths

ILP is good because it has cash value inside and there are extra rider like "Waiver" which standalone medical card doesn't have.

If you calculate like that, standalone will be way cheaper than ILP. However, the main point of having ILP will be the additional riders on it and in a long run *touch wood* if you terkena TPD or CI then your "Waiver" rider can kick in then you don't need to pay rest of your life. The second scenario will be, if you having a standalone medical card and you forget to pay the premium or you have insufficient money to pay; which will cause your policy to be dismissed upon the payment date. But if you having ILP which has cash value in it, that will sustain the plan until you make the next payment and of course there will be a lapse date you need take note on.

Example of plan (Standalone):
Great Medic Extra 150
Premium - RM 878 (Only can pay half yearly or yearly)
Room & Board - RM 150
Medical Limit - 990K (Include rider)
Overall Lifetime Limit - No limit
Accidental Death Benefit - RM 10,000

Smart Legacy
Premium - RM 300 per month (A year RM 3600)
Sum Assured - RM 500,000

Additional Riders:
Critical Illness - RM 200,000 (Depending, can be adjust)
Waiver - (TPD/CI)

Example of plan (ILP):
SmartProtect Essential Insurance 2
Premium - RM 200 per month (A year RM 2400)
Sum Assured - RM 12,000 (Minimum, can be adjust)

Additional Riders:
Critical Illness - RM 12,000 (Minimum, can be adjust)
Critical Illness Smart Early Pay Out - (Depending on how much)
Lady Illnesses
Waiver - (TPD/CI)
Hospitalisation Income Benefit
Accident Benefit

Smart Legacy
Premium - RM 300 per month (A year RM 3600)
Sum Assured - RM 500,000

Additional Riders:
Critical Illness - RM 200,000 (Depending, can be adjust)
Waiver - (TPD/CI)

The question is, how much % of your salary you used to purchase this policy?

P:S: Great Eastern also have this plan starting this Monday. 😜😜

This post has been edited by HoNeYdEwBoY: Apr 14 2019, 11:49 PM

Hi bro, which do you think is very important in life insurance plan; cash value or benefit?

Hi, you can take a look at Great Eastern - Smart Legacy.