Until more info is shared, it's not fair for me to comment anything related to your friend policy.

As for traditional policy, I don't think any takaful operator provide such plan in the market besides savings plan.

This post has been edited by lifebalance: Sep 27 2020, 02:26 PM

Found this FWD product online

One of the benefits as stated

Pay the same contribution yearly until certificate expires.




But then when go through the PDS, the rate is not guaranteed.






Is it a bit misleading? Can I lodge a complaint on this?

first time come across such thing for a term insurance.

As a consumer, you may feel free to lodge a complaint, let me know the outcome thereafter

how they are able to maintain the fund until maturity with the same contribution. So far never come across any product that can guarantee same monthly contribution until maturity..

For term policy, it's already pre-calculated for the term coverage you've selected by the insurance company.

i.e you chose RM100k coverage for 20 years and the insurance company charges you RM200 monthly for it for example. Then it will be fixed for the next 20 years.

Hence the reason why I said it's the first I came across that they would have a clause to re-adjust for term life coverage premium.

I don't see this clause in other insurance company though

Hi all,

I'm looking to buy health insurance and can't choose between AIA, GE, and Prudential? From your experiences do any of these companies take longer to process claims or are harder to claim from?

All the 3 companies are good.

All insurance company to claim are almost similar, other than each of it has its own little advantage plus minus to each another

above mentioned companies are top 3 in Malaysia. What make you think they are hard to claim despite they are the top 3? if hard they wont range in top 3.

I've been comparing the GE vs Allianz medical card..

What I heard was these 2 are currently offering the best medical card package as compared to other competitor.

Between GE and Allianz, which is better? Are they medical card package more or less the same?

I come across this I-secure takaful by ETIQA.. since there is no PDS provided by ETIQA I did some research and found out this odd term in Ringgit Plus website..



Does that mean if the TPD occur after 45 I will not eligible for compensation?

GE is no.1 in market position.

At last go with the agent you like the most.

the certificate that your friend has is ILP. I'm not sure why agent explained it is non-ILP. As you can tell, the name of the product bought by your friend is called Takafulink. It is ILP from PruBSN. you can always call PruBSN to confirm with the CS.

if you read carefully, your friend was told to add topup of RM152,000. isn't this more surprising than the RM400 per month?

anyway, to give you some explanation this could be a result of your friend not paying on time or bad fund performance or because your friend's coverage is memang enough to go up to age 64 only, right now.

But from age 64 to age 100, the charges are crazy expensive, so additional RM400 per month is 'normal'. I'm not saying the calculation has to make the most sense but like i said, the RM152k should be more shocking right?

I will be interested to know the result of your complaint.

On a side note, it's actually "normal". what they are trying to say is. I charge you RM500 per year, every year for coverage of 30 years. For whatever reason because you buy their takaful and many people die during the 1st 15 years, now, they tell you only RM700 per year must be charged every year. So you have to pay RM700 per year until end of 30 years, IF they dont increase the price again during that year 16 to 30.

yes, as per what is written there. however, i would again suggest getting the information directly from Etiqa, i somehow have reservation over websites like ringgitplus because i dont know how much accuracy can be placed upon their information. most in the market, the TPD coverage is up to 60 at least, if it's 45 does seem short compared to the market, but not beyond the realm of possibility.

googled and found this....

i-secure etiqa brochure and FAQs...
https://etiqa.com.my/v2/life-insurance-fami...-secure-takaful



Attached thumbnail(s)

Allianz coverage will be more comprehensive and latest compared to GE.

hi redtuna, this is an ILP plan. btw when did you friend buy this plan? the suggested regular top up is so much highly likely is because older ILP plans default sustainability is up until 100 years old. so the recommended amount is to make sure the plan can sustain until 100 years old. normally i will advise to go to at least 70 and max 80. but of course it still depends on long term financial planning. by that age, an individual might not need so much of protection due to almost no liability. so its still subjective ya

hi Thrust. so far this 2 are competitive and very very similar. I attached both latest medical card from GE and Allianz here.
Allianz Medisafe Infinite+
Great Eastern SmartMedic Million

24, M, non-smoker.

Company covers unlimited outpatient and 50k hospitalization and surgery.

No existing insurance plan.

Is it necessary to get a med card?

Up to you if you think 50k is sufficient to pay off for hospitalization.

Just take note that anything about that is on your own.

depends....my takes are depends on
your affordability,
your income,
your family's health histories,
your lifestyle is healthy or not,
your appetite for risk (of not having it when needed to, what are the chances of claiming one),
your financial ability to pay out (abt RM20k or more ??) in case of medical emergency
your priority in life as this life stage on what you want to use the money you saved from not buying med card now,
etc etc