Dear all Insurance Experts,

Currently I only have CI of RM50k which attached with my medical card under ILP with AIA. I have plan to increase my CI coverage to RM500k with budget around 500-600 per month. I have obtained quotations from AIA and GE and doing some comparison on cost of insurance. Can all the sifus advise which insurance i shall obtained? Other than cost of insurance, what other factors shall in consider.
I am familiar with both agents

The insurance cost and accounts value are summaried as per below:

1. AIA- ALWC-up to age 70; Pay RM6,588 p.a. till death (can auto renew up to 99)

Age-- No-- Basic -- Rider -- Total
35-- 1 -- 798 -- 851 -- 1,649
36-- 2 -- 795 -- 934 -- 1,729
37-- 3 -- 795 -- 986 -- 1,781
38-- 4 -- 787 -- 1,094 -- 1,881
39-- 5 -- 782 -- 1,206 -- 1,988
40-- 6 -- 777 -- 1,344 -- 2,121
41-- 7 -- 771 -- 1,490 -- 2,261
42-- 8 -- 765 -- 1,647 -- 2,412
43-- 9 -- 759 -- 1,828 -- 2,587
44-- 10 -- 756 -- 2,006 -- 2,762
49-- 15 -- 1,101 -- 3,031 -- 4,132
54-- 20 -- 1,720 -- 3,889 -- 5,609
64-- 30 -- 4,869 -- 6,907 -- 11,776
Total cost 42,688



Account value 0 -- 176,400
Death benefit 0 -- 526,900



2. AIA- A Life Link 2-up to age 70; Pay RM6,000 p.a. till death (can auto renew up to age 99)

Age No Basic Rider Total
35-- 1 -- 795 -- 420 -- 1,215
36-- 2 -- 795 -- 460 -- 1,255
37-- 3 -- 795 -- 495 -- 1,290
38-- 4 -- 795 -- 530 -- 1,325
39-- 5 -- 795 -- 575 -- 1,370
40-- 6 -- 795 -- 635 -- 1,430
41-- 7 -- 795 -- 705 -- 1,500
42-- 8 -- 795 -- 805 -- 1,600
43-- 9 -- 795 -- 930 -- 1,725
44-- 10 -- 815 -- 1,070 -- 1,885
49-- 15 -- 1,515 -- 1,965 -- 3,480
54-- 20 -- 2,410 -- 2,565 -- 4,975
64-- 30 -- 6,575 -- 4,060 -- 10,635
Total cost 33,685



Account value -- 39,900 -- 88,900
Death benefit -- 639,900 -- 688,900

[B]
3. GE- SPLM-up to age 99; Pay RM7,800 p.a. for 20 yrs[/B]

Age No Basic Rider Total
35-- 1 -- 467 -- 662 -- 1,129
36-- 2 -- 464 -- 772 -- 1,236
37-- 3 -- 461 -- 893 -- 1,354
38-- 4 -- 457 -- 1,032 -- 1,489
39-- 5 -- 452 -- 1,162 -- 1,614
40-- 6 -- 485 -- 1,324 -- 1,809
41-- 7 -- 513 -- 1,491 -- 2,004
42-- 8 -- 546 -- 1,668 -- 2,214
43-- 9 -- 585 -- 1,879 -- 2,464
44-- 10 -- 632 -- 2,098 -- 2,730
49-- 15 -- 1,046 -- 2,921 -- 3,967
54-- 20 -- 1,720 -- 3,387 -- 5,107
64-- 30 -- 4,855 -- 5,525 -- 10,380
Total cost 37,497



Account value -- - -- 3,403
Death benefit -- - -- 650,000

Yes, all have RM500k with waiver of premium.
Normally what shall we look at when making comparison of insurance as this will be a commitment for me for very long term so want to ensure I pick the right fund
Thanks for replying ya

Dear Sifus,


For AIA, my agent has revised the quotation to RM650 per month, payment term 20 yrs and insured up to 70 yrs but with option of extension up to 99 yrs old. The cost of insurance is guarantted.
While for GE, cost of insurance is not fixed. Monthly premium is RM650, payment term 20 yrs and insured up to 100 yrs.

Which one will you choose? Cost of insurance guaranteed but with shorter insured period (AIA), or cost of insurance not guaranteed but with longer insured period (GE)?

Hi, you can refer to the brochure.- A life wealth care

Extracted here:

i) Cost of Insurance
The Cost of Insurance is deducted depending on your attained age and the Cost of Insurance
rate will increase as you get older. Cost of Insurance rates are guaranteed.

Is this mean that the cost of insurance based on sales illustration is guaranteed?