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.

This is correct. Last entry age is 49. But cover till 80. 100k with 250 room. Very low monthly. A good add one or good min coverage. If u need 1mil a year. U might be dead already.

The most stupid product is investment linked medical card.

Me past 3 years - yes correct
Me now - nope. That is the best plan. Why? Because stand alone medical card premium will go up. With investment link, it will help to sustain your premium where usually if premium go up, they will just take from the investment so that u can enjoy same/low increase of premium until the end.

Been there.

So what medical plan you have now???
If the ilp mutual fund not doing well,later you need to top up your premium or not?

I changed to medical + life + investment now. Not sure how it works in detail but ofcourse need to topup if the investment not performing but not 100% will cover by me alone. Some will take from the investment. They didnt tell me but i ask them this question last time and they nod. so, i set the investment the lowest just enough to cover the premium in case need to topup premium

What company???
How many percentage you set???

Forgot ady what percentage but he give me minimum. Dont be too excited coz my yearly coverage is quite low. Around 100k annually but to me its enough for now. This u can set. I going to increase it once reach 35 yo. Maybe around 500k. I took etiqa under maybank.

Can change the limit every year???

So special

This is correct. Last entry age is 49. But cover till 80. 100k with 250 room. Very low monthly. A good add one or good min coverage. If u need 1mil a year. U might be dead already.

But 100k coverage enough meh?
Nowadays medical fees very high

Me past 3 years - yes correct
Me now - nope. That is the best plan. Why? Because stand alone medical card premium will go up. With investment link, it will help to sustain your premium where usually if premium go up, they will just take from the investment so that u can enjoy same/low increase of premium until the end.

Been there.

Me past 3 years - yes correct
Me now - nope. That is the best plan. Why? Because stand alone medical card premium will go up. With investment link, it will help to sustain your premium where usually if premium go up, they will just take from the investment so that u can enjoy same/low increase of premium until the end.

Been there.

That what they told last time. I can increase the limit in future they said but didn't specifically told the procedures and t&c

rm200 AIA, im 29 years old.

1.5mil p.a. till age 70

i know it sounds high at this moment, but i got 41 years till 70, and considering medical inflation, 1.5mil is not a lot of $$ 40 years down the road. My logic makes sense?

The cost of medical plan is generally the same, both for standalone and investment link. Any difference can probably to attributed to the additional features that you may find in the investment link product. In the standalone medical plan, the premium is fixed and as you age the premium increases, based on risk. In a investment link plan, you may be blinded on the actual cost of the medical plan that may form part of the investment link policy. Unlike standalone, for investment link, the insurer will set a minimum annual premium, say RM1800.

For a 30 old male, a 150 medical plan, annually will cost +-RM700. In a standalone plan, you pay only RM700, but in a investment link plan you will be paying premium of RM1800, but the cost of insurance for the same 150 plan would be approximately +-RM700. The balance, is invested on your behalf, assuming you did not have life insurance included. This invested portion is assumed will generate returns that will pay your medical plan when you are 60 year old and the cost of the medical plan has increased from RM700 (age 30,) to +-RM2,300 (age 60).
So, if you have a investment link plan, you hope that your investment has grown to cover the gap of RM 500. (2300-1800) and you still continue to pay annual premium of RM1,800. A person knowingly buying a standalone plan would have probably invested the difference (1800-700) in a unit trust or other investment that would have also grown for him to gladly pay RM2,300 when he is 60 years old.

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Why plan getting more and more complicated? Rider lah deductible lah.

Licensed Insurance Companies & Takaful Operators

No.  Name  Ownership
1 AIA Berhad
2 AXA Affin Life Insurance Berhad affin bank grouo
3 Allianz Life Insurance Malaysia Berhad
4 AmMetLife Insurance Berhad ambank group
5 Etiqa Life Insurance Berhad  maybank group
6 Gibraltar BSN Life Berhad    bank simpanan nasional
7 Great Eastern Life Assurance (Malaysia) Berhad
8 Hong Leong Assurance Berhad  hong leong bank group
9 MCIS Insurance Berhad sanlam group
10 Manulife Insurance Berhad
11 Prudential Assurance Malaysia Berhad
12 Sunlife Malaysia Assurance Berhad
13 Tokio Marine Life Insurance Malaysia Bhd
14 Zurich Life Insurance Malaysia Berhad
15    Syarikat Takaful Malaysia Keluarga Berhad
But nowadays no much more medical card that is not ILP

A lot of people find this hard to accept. Maybe when they bought their cards, their advisor or agent told them, “This is cheap, right?” After that, we think the five years, normally, the cost of this medical card increase every five years, there is one rate, the next five years, there is a different rate to pay. Then, you say, “Hey, how come it keeps on increasing?”
That is how a

standalone medical card
is structured, and you must be prepared for that.
Bersusah-susah dahulu, bersenang-senang kemudian =ILP medical card
Renewal Conditions
Most standalone policies provide a guarantee that your policy will be renewed even though you’ve been diagnosed with an illness before your next renewal date.
This is good to have. Here’s the reason why. Say if you were diagnosed with diabetes this year, and your policy is not a guaranteed renewal policy, the company has every right to reject your renewal.

Now, you’re left with zero coverage for next year. Adding to that, other insurance companies won’t accept your application either, because now you have diabetes and it’s a risk they are usually not willing to take.
Bersenang-senang dahulu, Bersusah-susah kemudian = Standalone medical card

better get the one without annual limit.. only lifetime limit

Just bought online aia public takaful critical illness. 250k rm277 annually.