There are standalone cards which have guaranteed renewal.

Sorry tag you. How to skip agent? Last time go to branch, they tell me msit go via agent. What insurance company that you are using that can skip agent?

Also what's the name of the plan that you bought for medical. CI and life?

Thank you.

This post has been edited by Ramjade: Jan 10 2023, 06:16 PM

What plan is that?

Kindly read the stuff before and decided if ILP good or not.
https://investmentmoats.com/budgeting/insur...-right-reasons/

https://investmentmoats.com/budgeting/insur...rance-and-ilps/


https://www.reddit.com/r/MalaysianPF/commen...egular_medical/

For me I am buying AIA a-med life regular with booster (standalone). Avoid ILP.

ILP Holiday premium
You can don't pay for a while but you will need to pay for it eventually. How many months depend on how good is the investment. If you look at majority of the investment, cannot even match EPF return.
If you are a good pay master (always pay on time) standalone make more sense. Of course if you can generate 50% returns with the money saved by not paying premium, than ILP might be better choice. How many normal humans you know can generate that kind of returns?

ILP waiver
Only applicable if you got critical illness which is not early stage.

If you want to buy life insurance, just buy term until you retire. Don't need to buy until old age.

This post has been edited by Ramjade: Apr 5 2023, 10:14 AM

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

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.

Say no to GE. Rm200k is not enough to last you until 70 years old it's enough for say 10 years and this is assume you don't landed up in. ICU. ICU is RM5-10k/day.
If it's normal ward and no major surgery, more than enough.

You can get it cheaper if you DIY instead of bundling everything
AXA emedic plus
Deartime or fi.life death + TPD or FWD

Depend on what you want. If you want the cheapest plan. Nope. Cheapest is medisavers.
If you want fully online with no agent and million coverage, you got yourself a winner (fi.life)

Never take ILP. Always take standalone and invest the rest.
Also don't overinsure just to chase the income tax portion. Just insure enough and claim what you pay.

What's wrong with Prudential? I know Great Eastern got very bad rep.

This post has been edited by Ramjade: Apr 20 2023, 02:04 AM