Guys
What’s justification are in getting insurance plan for newborn ?
Apart from the obvious reason as saving/emergency/peace of mind or too much money lol ? Want to hear from broader scope.

Any good recommendation package/company you guys getting ?

Thanks
Father newbie

This post has been edited by thomasjames: Oct 18 2019, 10:10 AM

Nowadays too many unknown virus. Better safe than sorry. My daughter been admitted to hospital 3 times, all covered by insurance. I chose AIA, so far no complaints.

Duplicated

This post has been edited by yy714: Oct 18 2019, 10:20 AM

how much commitment/month?

I wanted to. But the prices are a rip off... I mean I get it if earlier it’s expensive but after a few years of age, it should go down and then Gradually go up. But will get charged a flat 200-250 indefinitely.

go here https://www.fundsupermart.com.my/insurance/...ct/medicalCards
i just bought my 2 year old daughter a simple medical card, cost me 500+ per annum for RM40k coverage.

This post has been edited by s112252: Oct 18 2019, 02:46 PM

Depends on your ability, my plan is around RM250 per month.

Please ensure your total insurance/takaful contribution is not more than 10% of salary. This is what I followed from the financial planner.

Regarding the insurance for baby, cross check again with your budget, it's good to have medical card for baby if you have the budget. If your budget is tight, maybe you should take the stand alone medical card without any ILP or any rider attached.

Focus on the annual limit instead of lifetime limit.

You can get as low as 130 for the stand alone medical card for baby.

This post has been edited by seventwo: Oct 18 2019, 11:32 AM

May I know which insurance company ? Thank you

plan 4 from https://www.libertyinsurance.com.my/index.p...health/medistar

i bought my daughter one from prudential, around RM160 monthly

What insurance?

Medical? Life? Savings?

Medical - Maybe, but no need if your company covers children as well.

Life - Absolutely not, dont even consider.

Savings/Education - Only if you cannot/dont want to invest yourself.

Really depend on ur needs and budget daddy.

The medical plan is really important in case admission to hospital. Nowadays high fever (eg 40 degree) or virus attack need to admit straight. There where the medical card is needed.