You may contribute or change your premium contribution at any point of time, just be aware that your policy may lapse faster than usual if you reduce your premium contribution.

If you do it between year 1 - 6, it just reduces the amount of commission your agent earns as well as your policy being lapsed at a faster rate.

QUOTE(alexkos @ Feb 11 2019, 09:16 PM)
Want to ask.... Let's say my ILP monthly premium is Rm300 per month... Insurance charge is rm100 per month...

Assuming that I already in the 7th year, which means 100% premium allocation to purchase unit....

Question: can I contribute variable premium from this stage onwards?
yes you can, if contribute lesser, then it will result in lesser cash value. if contribute more than the premium, the extra will be allocated to a suspend account (meaning it will be allocated to units, it will just sit in an account and do nothing), at the next due this extra amount will then go to the premium contribution.

E. G... Contribute Rm200 per month... Since inside got some cash value buffer...

If do it between y1 to T6, how will it affect agent distribution cost?
you contribute lesser, agent distribution cost will just follow the percentage. example if that particular year your premium paid is only 80%, that year agent only get 80%. but it will be considered as overdue (if you contribute lesser), if any other months you paid back the overdue premium, then agent will get back their commission.

Tq

Here's an analogy for you.

When you go to a mixed rice/nasi kandar shop, Investment linked plans (ILP) are basically the plate and a medical insurance/card is the dishes/kuah you order with the dish.

But if you mean what's the difference between a medical card attached to an ILP vs a standalone medical card, then biggest difference is as per below:

Cost:
- ILP more expensive
- standalone cheaper

Coverage:
- depends as ILP has high and low coverage options

That's a straight forward way to look at it.

Best,
Jiansheng

Medical insurance be it standalone or ILP, their medical premium soar together with ages one, little different.

In ILP, you don't see the total ILP premium soar as much, because it may utilise the portion of investment to pay for the medical premium portion.

ILP (100%) = Investment in Unit trust (x%) + medical premium (y%)

So each year the % is tweak between so the the total ILP premium become stable throughout as long as possible, until it reaches unsustainable figure, by then insurance company may send notification of need to top up aka premium being adjusted upward to sustain the medical insurance coverage.

ILP, insurance company can earn extra from the investment portion through unit trust, range from sales charges of 3~5%, annual management fee range from 0.5~1.5% for unit trust company (when if unit trust is also run by them)
Also, in ILP, more money in tied up early on, as compared to standalone that you pay as needed.
So, in ILP, they can give you some premium that is more competitive compared to standalone.
Just like you go to buy fast food, a value set meal vs ala-carte.
Set one generally got extra a little bit or little bit cheaper, as you buy more stuff.

So ILP vs standalone, both insurance cost also rise together with age. As more age, more risk in term of medical insurance perspective.

Please do not use the word "everything bao", <--- this is never a right word in insurance and insurance company never stated in their T&C nor use such kind of word.
It only gives wrong impression as well as potential misleading as well. Often dispute arise from here.

Also, those figure (premium at age 60) is projected not absolute, be it ILP and standalone.

ATTENTION: PRUDENTIAL BUYER

PRUDENTIAL CONFIRMED THEY WILL NOT COVER OUTPATIENT/DAY SURGERY! NO GUARANTEE LETTER FOR DAY SURGERY/OUTPATIENT

Iam PAYOR FOR 7 years of Pruflexi med. Heres the Pru hotline: 03-2116 0228. you guys can call and verify it. OUTPATIENT: NOT COVER. RAI: Radioiodine day surgery: NOT COVER!

Hospital response..Prudential is like that...

PHOTO from policy as prove. Prudential buyer..please BEWARE AND CHECK WITH YOUR AGENT OR INSURANCE.

CONFIRM!. THIS PLAN IS SINCE 2012 PRU LIFE, Pruflexi medical card. You can call PRU customer line to confirm this. Outpatient treatment/day surgery is not cover unless accident ONLY. I have calling voice recorded.  I EVEN FOUND, in the policy it mention Outpatient treatment is cover but by calling in or agent they say its not cover!

YES. AND ITS NOT COVER.. PRUDENTIAL IS DAMN INTERESTING LOUSY. WHO EVER buy PRUDENTIAL better double check it. Although its mention in policy book they can even deny it.  Even other brand provide outpatient treatment/day surgery for illness.

Hi guys, first time buying insurance here lol

Currently 25 years old

I was quoted by an AIA agent for medical insurance

Rm260 premium per month. A-Lifelink 2

Life / TPD ( shared) 100k
Critical illness 100k
Annual limit 1.5mil

I think these details are enough ?

unit trust funds' price?

buy term insurance if takut rugi

AIA