from RM155/month for both of the kids

1. a little note on Prudential plan, you can ask agent to quote you the latest PRUmillion med. Insurance charges is cheaper.
2. as for life insurance, perhaps you can roughly estimate that it can cover whatever outstanding loans/debts and also provide family for x years (depends on your family members' dependancy). and also if you have any child, you might wanna look into whether you want the life insurance to provide for child's education.
3. for critical illness, you estimate whether how much amount you need to cover at least 3 years (best if 5 years) for transition period.

only wanna look into Prudential? basically it is either life insurance or medical insurance. or you want targeted specific products like cancer care products, 36 critical illnesses products.

This post has been edited by ckdenion: Dec 27 2018, 07:10 PM

Better to compare side by side for its benefits and insurance charges. Generally speaking, charges wise wont be significant difference. Main difference is policy sustainability given with the difference of premium needed for its benefits.

Submit and apply for the insurance plan first, company will release query letter to tell you what need to do then from there you proceed with what is needed to do. It is easier that way.

At least you know you need medical card for emergency case.

Medical Card > Personal Accident > Critical Illness > TPD & Life Insurance (Priority is still based on what is the area that concerns you the most)

RM300/month is consider a good amount to start with to have all basic coverage. at least can get medical card with at least a million annual limit, and perhaps a 100k for life insurance and critical illness.

replied in blue

just fill up the form to change to son's credit card number will do.

if you have the intention to change already and want to terminate the old plan, make sure the new plan is inforced first and make sure all waiting period from the new plan is over then only terminate the old plan.

Hi nakedtruth, assume you want to go minimal premium, 600k pure life insurance is RM250/month with policy sustainability up to 64~68 years old. you can also let us know you want the 600k coverage until what age then from there premium needs to be adjusted again.

low side - up till 64 y/o
high side - up till 68 y/o

* estimation only.

the plan is a life insurance that covers death and TPD benefit only. i thought your MRTA/MLTA is supposed to be pure life insurance also? care to tell us more?

ask your agent to write in a letter/form to disclose then company will underwrite accordingly. regarding incontestability period, you can refer to your policy book's under death benefit payout (since you specifically asked about death claim)

perhaps you can provide more info on what you need

that's indeed a big hike. perhaps at the moment you compare the benefit and premium with AIA Takaful or Prudential Takaful first.

it also depends on the policy inception date. if the policy is bought long ago, then the increment wont be that much since cash value in the policy is more. quite a few factors that determine the premium hike.

most medi cal card covers hospitalization and surgery. whether to go standalone or investment link, depends on what other benefits do you want. investment-linked policy is mainly because you want other benefits and you get the most out of the premium you pay.

the corporate medical card generally covers clinic visit, hospitalization and surgery. only thing is you have to check with your HR the annual limit that can be claimed. best yet, ask HR for the schedule of benefits.

if you have a own personal card, if the claim amount exceeded the limit of your corporate medical card, then you can claim the excessive amount from your personal medical card on a reimbursement basis (pay the excess amount yourself and claim later after that).

if you want all the benefits, you can purchase all in one insurance policy. best to compare the premium if you buy all separately.

can get a plan that gives you all the stated benefits.

answer here.

it is not about the fund returns. it depends on what you need. lets say you really need only the medical coverage (hospitalization and surgical) and not other benefits like premium waiver, CI, then it will be best to take only the standalone. if you think that it is beneficial for you to have other benefits that cant be found in standalone/term plans, then ILP is your choice. end of the day if you are getting the ILP, it is important to check also with the premium you are paying, how long can the policy sustain. say better to make sure cash value and premium is enough to sustain policy until 80 years old at least.

It depends how much premium you are paying. There will be a black and white stating how long a policy can sustain. To me, fund returns is not the selling point. It is the protection that matters...

Try applying from other insurers.

dont worry here sure will have people layan you. i believed some agents will persuade you to take ILP. most importantly you know what benefit you can get from both standalone MC and MC attached to an ILP. End of the day you decide what you want. people that dont wanna layan you rugi lor...

Critical Illness benefit payout is one rider. The early payout for critical illness is another rider. The early payout rider in that ILP plan is quite limited though. If your SA is not big, then the early payout will be little. Do check the available critical illness early payout as well. The coverage is not so complete though.

Most of the new Standalone MC has similar benefit like the ones in ILP already.

Looks like your concern is have your medical expenses taken care of first.

if you are comparing only term and ILP life insurance, term life is more cost effective. only thing you need to take note for term life is the term of coverage where as for ILP life insurance most are up till 99 years old. certain term insurance is up to 70 years old only.

tools asides from insurance are either cash or unit trust.

you can consider PRUmillion med.

if not mistaken, that is a IL HealthProtector. if your concern is only the medical card, you can consider taking up the RM990k annual limit with no lifetime limit.

A-Plus Health is the latest AIA medical card which definitely can cover your needs. only for life insurance you have to discuss with agent whether how much you need then only come out with a plan.