Well I can try to compute something for comparison for you if you're open for that

I see, as long as its not detrimental to your sight, should be okay.

All medical cards covers hospitalization which normally covers both Critical and non critical illness. It will also cover accidents which falls under outpatient and inpatient depending on severity.

For medical card nowadays, it's cashless but sometimes you are required to come up with a deposit if required by the hospital.

Outpatient Accident are required to pay first and file back a claim

Your priority is to secure 500k and finish payment in 5 years right ?

Policy sustainable until age 70 across the board ?

It's called an investment linked policy whereby you have the flexibility to add-on benefits such as
Death/Disability
Critical Illness
Waiver of Premium
Personal Accident
Hospitalization (Medical Card)
etc

Most life insurance company offer such products. However the premium payable will be much higher compared to a standalone hospitalization plan.

No. Insurance monies are non-taxable.

You can visit the insurance company website directly as they will list the product for sale.

Sounds good.

Just a measure by the insurance company to make sure the person is normal and sane.

Otherwise get risked of claims getting rejected in the future and don't complain why insurance company reject for non-disclosure.

It's your definition against the doctor's definition. Get her checked by the panel doctor for the insurance company and have a peace of mind.

1 mil ? that depends, I don't know you personally so I can't say whether it's too much or too little.

But for a 26 years old, definitely looks high for a single person.

Standalone for each person.

Which company?

Sold by bank or agent?

Yes the cash value can be withdrawn

Definitely.

No limit, min 1000 balance must be within the account

Uh I never heard of ppl treating their insurance account like a saving account before but okay

No idea Sir, best to google yourself on that

Moonstone, you're looking for a good advise but it seems that you are not even sure what to get for yourself.

I rather get a good advise first then get a product.

what is care for mum 100k?

anyways, ranging from 4000 - 6000 yearly

Oh I see, alright sorted it. Within 4k to 6k yearly as it is.

Nowadays with the internet, it's quite simple. Your agent don't have to be physically present other than signing of the policy.

As the agent is just an intermediary, your contract is with the insurance company, so in any case if you're based in KL, you can always drive up to the Branches or HQ to deal directly with the insurance company for any claims matter.

Uh I can definitely say it's not the cheapest but the coverage is above average than the other companies.

This post has been edited by lifebalance: Jun 29 2020, 12:15 PM

Depending on your budget and personal self financial plans. Get a financial adviser to give you a proper advise.

Not necessary as documents can be couriered and insurance companies have branches in other smaller stats though not all.

But yes there can be a delay of 1 - 2 days extra as documents may be take some time to courier.

1. May or May not depending on the repricing of cost of insurance over the course of the years till you are 100 years old

2. You may refer to your policy or go to eConnect via the GE online portal to check.

All investment are subject to risk and you should take whatever that is projected with a pinch of salt that it may achieve such figure as well.

Then again but insurance because you need the coverage and not for Investment purposes.

Check it up yourself directly with the insurance company website as the quote differs from each company

Previously can add in as rider, but now only as standalone plan

Yes personal accident is a rider that you can add on. It basically pays out if there is loss of limbs, accidental Death and injuries sustained from accidents.


You may add on any rider in the future subject to your health status at that later time.


Yes payout for CI will normally have a survival clause which is somewhere around 30 days from the incident.

Female illness or should I say anything related to hospitalization is covered by medical card but if you need extra pocket money to sustain your lifestyle then a female specific illness plan will help to provide that extra financial support.


Standalone or term insurance is the same. You normally can't add on rider on it, it doesn't have any investment elements and you pay only the cost of insurance for the coverage. You may sometimes get to specify your term of coverage ie Life insurance but not applicable for medical insurance in this case.

You may choose an ILP investment link policy insurance where you have a basic death benefit where you can add on riders such as
Critical illness
Personal accident
Hospital & surgical benefit
Waiver of premium
Etc.

Cheers.

This post has been edited by lifebalance: Jul 1 2020, 04:25 PM