For life insurance, you got recommendation too?

Yes avoid ILP. Buy a term insurance that covers until your retirement age. Get term and invest the rest. Dump the savings into EPF if you don't know how to invest. If you know how to invest, substitute WPF with S&P500 etf. Why EPF? Cause majority of the ILP cannot even match EPF returns. So by you putting your money into EPF you already beat like 9x%+ of the ILP funds already. Of course cons of EPF is need to wait until 55 years old to access the money and you are holding RM.

That's means insure until retirement than no need anymore cause at retirement theoretically you should have any much dependant anymore (kids likely grow up already, house mortgage likely settle, no debts).

If you cannot fulfilled the above, need to work on your retirement planning

Read here for more detail.
https://singaporeanstocksinvestor.blogspot....rm-how.html?m=1.

If you got time, just read though his entire blog (it will help you a lot). He helped me when I was clueless and starting out. So basically he's mine online financial teacher that I never had.

Good medical insurance that you can sign up online only exist one. The one sold by fi.life by AXA.

To get good standalone medical insurance with coverage of RM1m+ no choice have to go via agent.

If one is ok coverage of RM100k-150k, many exist online (suitable for kids), not so much for adults.

This post has been edited by Ramjade: Apr 5 2023, 08:24 PM

Is it hard to apply to become insurance agent? Thinking of doing part time only.

Quite easy to pass , use common sense sikit can dy

You need to pass exam. After that you need to apply. I am not sure if there is a target and what happen if didn't hit the target.

Anyone know why insurance agent don't want to entertain you if you want to buy standalone medical insurance? Happened to me twice so far, recently at petrol station they have insurance booth were they will approach you while pumping and ask you to sign up.

But twice I kena after they know you are only interested in the just plan medical insurance they just disappear and don't get back to you.

no idea, maybe they don't do standalone?

I do sell standalone insurance to my customers, depending on what they're looking for and affordability.

Hi Guys. Just need your good input on this deal package from Prudential for age 44

RM203/sebulan
➡️Manfaat kematian/TPD - RM10k
➡️Medical limit- RM200k/setahun, unlimited/seumur hidup (*smartsaver300)
➡️Room & board - RM200/hari
➡️ limit Cancer, buah pinggang, jantung - RM400k/setahun
➡️Outpatient chemo, radiotherapy, dialisis - RM1juta/seumur hidup
➡️Emergency outpatient accident - RM2000/setahun
➡️Elaun gov hospital- RM100/day
➡️Income protector - RM2k/setahun
*smartsaver300- bil hospital tk cover hanya RM300. cth total bil RM10k, insuran cover RM9.7k, client byr sendiri RM300
*income protector- jika terkena salah satu dari 43 jenis sakit kritikal, antaranya cancer, setiap tahun akn dpt cash RM2k

Good deal or pass ?

This is until die/ forever?

Anyone subscribed and any inputs? Tq

Till age 70 and have surrender value / maturity value

Does not depends

Its still bad

Separate ur investment from insurance

Both basically polar opposite

For the small amount of tax breaks not worth it

But for financial noobs at least u are doing abit of investment with this. I rather u extra contribute the amount into epf than giving free to insurance company



If die get 10k only? N yearly hosp bil 200k max?

This post has been edited by Aaron212: Apr 19 2023, 02:03 PM

If u want to do part time, i will tell u dont waste ur time. You will never be able to build up the network required to close cases. Clients also will never buy from u as they know you are not committed full time .

Pretty good price & package for ur age. Cant complain

Not sure have to think properly bleeding for every month

200 a mth is cheap for ur age. I remember paying 200 a mth for insurance at the age of 25

If you can find a investment that can guarantee more then my income tax rate sure.

But most Malaysians like you dunno what you are talking about.

So how much is ur insurance each month and how much u claim it for relief

Dont expect all malaysians income 20k like u

Private matter.
But you get the point.

Insurance agent need more people like u

Thats why all their products can be selling well

What is your main concern to subscribe insurance? Cancer protection? Income protection? Hospitalization? The package stated almost cover everything. You can customize the plan if you feel some are unnecessary.