Jan 16 2021, 10:04 PM
QUOTE(wirelessdude @ Sep 10 2019, 09:10 AM)
If you look at my medical insurance from a "financial" perspective (approx. values):
Total premium paid = MYR 90,420
What I got/will get in return:
1. Medical claims = MYR 65,000
2. Critical illness = MYR 295,000
3. Cash Value = MYR 53,000
4. Waiver on my policy (up to 100 yrs old) = MYR 409,000*
5. Waiver on my son's policy = MYR 12,000
Total returns = MYR 834,000
ROI = 9.2x
*excluding investment returns.
I hope this thread will help Malaysians make a more informed decision on your insurance needs. Do not believe everything you're sold and do not buy more than you should.
P/S: PM me if you want the contact for my Prudential agent. He's a young, honest and hardworking boy whom I can trust and recommend. He takes care of both my personal and my company's group insurance.
Wow, this sounded like buying insurance for invesment (huge return) instead of protection.Total premium paid = MYR 90,420
What I got/will get in return:
1. Medical claims = MYR 65,000
2. Critical illness = MYR 295,000
3. Cash Value = MYR 53,000
4. Waiver on my policy (up to 100 yrs old) = MYR 409,000*
5. Waiver on my son's policy = MYR 12,000
Total returns = MYR 834,000
ROI = 9.2x
*excluding investment returns.
I hope this thread will help Malaysians make a more informed decision on your insurance needs. Do not believe everything you're sold and do not buy more than you should.
P/S: PM me if you want the contact for my Prudential agent. He's a young, honest and hardworking boy whom I can trust and recommend. He takes care of both my personal and my company's group insurance.
Anyway, you are lucky that you get to claim the critical illness for your key hole surgery as it is clearly and explicitly stated that "Key hole is excluded" for all life insurance.
So, blaming on GE in the first place is not correct as you did not read the T&C of your disclosure properly.
This post has been edited by xiaobaiwm: Jan 16 2021, 10:44 PM
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