I bought this for my daughter before she was born. The insurance agent is kinda pushy. I'm paying around RM190 per month. PRUlink managed fund 2 value also like crap, around RM755 only after 3 years. I was thinking of buying a new policy and terminating this one. Any suggestion?

Hi,
I am still quite unfamilliar with the terms used in insurance policies.
An insurance agent proposed to me sustainibility until age 60. May I know what are the bad sides of it?
In your friend's example, you said that the company will ask to top up the premium. Under what condition?

Thanks for the short but clear answer!
Could you also please help me understand the meaning of cash value? The agent said upon the age of 60, I can increase my term, provided if my cash value is enough. This is an ILP plan.

I bought Smart legacy & smart protect essential for life protection through GE.

Hi, I need a third unbiased opinion.

So I have two agents from two different companies proposing me ILP plans. Which one do you think will be worth it for my long-term commitment?

Company A:
Monthly premium: RM180
Life: RM100k
CI: RM50k (multiple claims including early stages etc.)
PA: 50k
Medical card: Co-insurance RM300
(The agent reasoned with me that since their medical card is cheaper than the rest, actually I could save more and use the saved money to pay RM300 when I need to use the medical card)

Company B:
Monthly premium RM210
Life: RM100k
CI: RM50k (including diabetes benefits & etc.)
PA: RM50k
Medical card: Zero deductible

At first I was going for Company A but the difference between A and B is only RM30. So if I go for Company A, I would only save RM30x12 months = RM360 per year. Whereas I could use that money to buy plan from Company B with cashless admission. However, Company A reasoned that I won't be going to the hospital every year.

I think that it's like a gamble.
Company B: I pay annually an extra of RM360 more than Company A's premium but I can use the medical card hassle-free, but also I may be healthy and not have to use the medical card
OR
Company A: I can save RM360 for a few years if I never do any claims.

Which one is worth the risk/gamble?
I'm leaning towards Company B but I have to hear an unbiased opinion.

Haha you're right. RM30 difference seems little, but the premium will increase a bit from time to time right...

Also, I'm working full time now and my company provides insurance benefits of RM5,000 per year, but after 2 years I plan to quit my job and work as a freelancer. Thus, I'm thinking of taking RM5,000 deductible for these 2 years and I plan to not make any claims for 2 years. However the agent from Company B advised me to take non-deductible now. He said if I take deductible for these 2 years, and then upon switching back to non-deductible, the premium will be higher.
I could not make any sense of it. Is it true?

Both plans offer sustainability until age 60..
I only want to cover for unexpected accidents and CI. But I read a lot of comments saying that ILP plan is not that good as compared to term insurance.
Should I be concerned?

Hi David, may i know what is the best sustainability for a plan in your opinion?

Sustainability is based on projection only, not guaranteed.

Sustainability depends on 2 issues.
1. COI incremental, which may be more than what had projected.
2. Return of ILP if poorer than projected.

Then the sustainability is affected.
Yes, ILP has its good side.
But at the same times, there is nothing wrong to look on negative side of story, nobody want to find out something bad after contributed more than 10 or 20 years then later found out something is not as good as previous sweet talk.

ILP can make a loss instead of projected gain to sustain the policy.

Nobody can deny potential of negativity of ILP which may happen, and it does happen especially recently, some funds are making poor return, some even losses, due to unfavourable market condition.
With interest rate worldwide are mostly near zero, it may even tougher job for funds to generate good return as previous 10 years ago.

Look at both good and potential bad side of ILP, then only make a decision on it, as insurance is long term commitment.

Hi all sifus, is it big difference between paying premium yearly and monthly? Noted that ILP have the investment portion inside. Let say I pay by yearly, for the first month, the extra 11 month payment will go into investment account and been invest in the fund. But fund value will up and down. Is it better we pay in monthly, by average down the unit price like the concept of DCA?

Hi all sifus

Need help quote medical plan price. Prefer Prudential & AXA
Male, smoker, web designer
Birth month Feb 1986

Life-100k
39 CI-100k
R&B200
Hospital pocket money RM100/day
Waiver
Policy cover till age 80

TQTQ

Some said better upgrade with GE, some ppl said best to buy a new one. I am confused
Age 37

Hi guys
I am getting a 200k house loan and the mrta being offered for 200k is rm6500 (25 year) & my age is 34 non smoker.

Wonder if i go buy an basic cheap life insurance 200k for 25 year will the bank accept?

And usually how much will the cost of the insurance in this case?

Thanks

i got Ilp medical card already.
Just looking for any other replacement for mrta.

can someone enlighten me on have congenital heart disease, though have IJN  letter saying that

'my surgery had an excellent outcome , last reviewed on 2002, echocardigraphy examination showed no abnormalities, IJN not given further appoitment since 2002'

will insurance company cover treatment relating to heart ?

*i've yet taken any insurance atm

what wil the outcome be among others ?

Hello sifu, wanna ask something on surrendering policy

Currently im having a policy with Agent A, and B, and both policy has coverage on hospitalizaiton (Agent A is the better one)

After notice this, i contact Agent B and wish to surrender my policy (i call it policy B) under her.
However, she noted me that by surrendering the policy B, since i have "shared category of coverage" with policy A, it will affect Agent A performance also.

Is this true?

ive already apply with one of the insurance company, they replied with

SURAT PENERIMAAN BERSYARAT

PENGECUALIAN PERLINDUNGAN TAKAFUL UNTUK PENYAKIT KARDIOVASKULAR, SERANGAN JANTUNG DAN KEGAGALAN
FUNGSI/DENYUTAN JANTUNG DAN PENYAKIT YANG BERKAITAN SERTA KOMPLIKASINYA

Thats my understanding as well, as it is very doesn't make sense lol.. like didnt do nothing then suddenly kena for Agent A

But she did offer to convert my hospitality coverage to another coverage (more comprehensive critical illness coverage) to not overlap, so have to assess that as well

however my feeling, serving 2 (or multiple) policy seems not financially wise. is there any practical consideration on doing so?

i guess that's the outcome of it. while it may seem long ago, it is unlikely you get more favourable terms with other insurers or takaful operators.

i'm not expert on this health assessment, but i have to remind, there is a shared database among all insurers and takaful operators.

So, based on my guess, in future when you apply company P and or company A, you likely gonna get same restriction. this is just to safeguard themselves from potentially higher risk.

you have to try quite hard to have it removed, if you even can at all.

Hi all,

I am looking for medical card for both my parent, dad 63 with history of diabetic and mum 59.

Anyone can advise if I would be able to get anything for them for 2.5k per year each? I guess my dad one would be tougher but appreciates any suggestion.

Thanks in advance.