Yes just sharing one experience .. see how others view this .. I don't know and as such am not in a position to say it's good or bad.. if I can remember a conversation 20 years ago, it's something like.. after 20-30 years the cash value is enough to stop paying premium and stay covered until I die... Something like that.. I can't imagine continue paying such sums after I retire...

Yeah I think that's the scary part about medical cards, they increase exponentially.. until they are freaking expensive like when you're 60-80, and then they no longer cover you at a certain point (is it medical coverage until 99 years old now?)

How much is a medical card for someone 70 years old?

Typical insurance agent Bullshit..

What part is inadequate? GE doesnt have any plan coverage for family of 4. Show me a family package of 4 people that doesnt cost more than RM400 per month and each individual has at least rm100k/year, unlimited lifetime limit and auto renewal.

And covers all major illnesses including cancer, tumour, heart attack, stroke, etc..

This post has been edited by Liamness: Jan 1 2020, 12:53 PM

I think he's a bull too.

Now, he wanna look for clients here, so call himself GE agent.

We need perspectives from public people, not from him as agent.

GE boy, why you no explain fake info by the brochure, stop blaming agents liao. When brochure promises so, why blame agent????

So clever, later, one day, will blame client no read fine prints ah, didn't read, just sign, and listen agents talk cock sing song play ping pong ah...Ah hahahahaha.


GE boy, if so, why called investment linked product. You know what is investment? Investment means hopefully one day when reach ah gong ah ma time, the money grows to be bigger. If it becomes zero, then should call IBZ product = INVESTMENT BECOMES ZERO product. Like that won't sounds deceitful mah.

Oh wait, you may say some UT does well. But But. I am addressing those that EVENTUALLY THEY WILL ALL BECOME ZERO VALUE PRODUCT. Why still call ILP?


"Insurance agents end of the day want their commission, nothing about you getting the right lifestyle of best suited insurance/medical card"[I] Even can praise smokers saying they will get best treatment because they are covered well, lol. Where is the please stop smoking advice.

EDIT

This post has been edited by maxera: Jan 1 2020, 02:08 PM

yeah rm199 per month. the coverage quite good including the takaful savings.

I checked the link on this product.. medical only cover until you age 49... So what happens after that?

Yes. Cash value for no matter which ILP from any insurance company will become 0 in the end. If the sustainability is high, that means the price hike will only come at 80 years old instead of 60 years old. Which is why cheaper insurance doesn't necessarily mean a good thing for the client. The client will have to pay for the difference in the end.

The cheapest standalone medical card for 70 years old, with 90k annual limit and no lifetime limit, is RM5k per year. For the next 5 years, it would be RM7.5k per year. And for the subsequent 5 years, it would be 11k per year. So this is how standalone medical card works without ILP. You can do the maths if the person continues to live.

This is why insurance is something a person must buy whenever is able to at the youngest age (Only applies to ILP due to compound interest in cash value).

It's true that GE doesn't have a family package. I believe the rationale behind this is that different people have different needs at different life stages. Some prefer to get more protection, some less.

Based on the AXA eMedic fact sheet, I think it's a great standalone medical card for its price. However, looking at the inflation rate in medical industry which is more than 10% every year, RM100k/year is not going to be sufficient for serious illnesses. GE can do the very same standalone card for less than RM100 per month for an individual but with 1.2 mil annual limit and no lifetime limit.

As for the inadequacy of a standalone medical card, I would say that it doesn't come with any life/TPD/CI coverage. If you happened to die in an accident, or you managed stay healthy up to old age without having the need to visit a hospital, the premium you paid for standalone medical card is wasted. At least with ILP, you are getting your sum assured back if you get CI or you can pass the money to your next of kin if you pass away.

I am just trying to explain, considering the number of misconceptions about insurance in this thread.

For the performance of unit trust, it's dependent on the type of unit trust. If the client cannot accept high risk with volatile returns, I would advise to go for a fixed income fund which is the most stable of all.

Yes, ILP will become 0 in the end to prevent the premium from increasing a few thousand RM every 5 years like the illustration above about standalone medical card. Because it is investment-based, it comes with flexibility that you can choose to withdraw some of the money if you have any emergency needs but for standalone, you must continue to pay whether you like it or not.

I have read the AXA eMedic fact sheet. The 49 years old refers to the age limit who can buy this policy. Any older than 49 will have to opt for other policies. AXA eMedic covers up to 80 years old only.

got any medical card only fo Permanant Disability?

No, there is no medical card for permanent disability. Permanent disability is a condition you cannot do your daily work. You can have insurance to pay you when you are not able to work due to permanent disability. Medical card will pay your hospital bills, accident and illness.

rm200 allianz

already claim close aroud 70k so quite worth it

Ilp or standalone???


What deceases?

i have no idea what any of that means

What did you claim for ?

Knee surgery 2 times

Few years apart.

Yeah.. that's why insurance is a must.. but the scary thing is paying a lot and then claim got problem.. exclusions, preexisting conditions, terms and conditions...

My aunty is my agent so feel more relax haha

what is your medical plan name???

I have no idea

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