Now Im confused. Some said will get only net surrender value. Any GE agent can clarify? I dont see any clause says the policy will mature upon 87 years old. What I know i only have to pay 10 years that i already completed. Its in 16 years for the policy. Will i get 3 combined?

Wanted to check if my plan's ok

Rm300
Life 100k
CI (early) 100k
CI (late) 100k
Med 150
Waiver

(Sustain 30-34 years)

29y/o, this looks ok?

This post has been edited by Zellwong: Jan 23 2021, 11:33 AM

sustain to age 60~65 yrs old?

that is when you needed insurance most and also the leap in premium to pay will be great

try evaluate n get a deductible insurance....

This post has been edited by yklooi: Jan 23 2021, 11:37 AM

What I've gathered from the old database is as followed:

This is a Whole Life Assurance policy with cash bonus, maturing at the age of 87. After the policy has been in force for 10 years, a guaranteed cash payment of 4.25% of the Basic Sum Assured will be payable every year until the maturity or death of the Life Assured.

Example 1:
Let’s say you buy a GJA policy with basic sum assured of RM100,000 in 2007 at age 25. When you reach age 35 (after 10 full years), you will get a payment check from Great Eastern for the amount of RM4250 (4.25% of RM100k). You don’t have to pay the policy anymore after 10 years, and you will be guaranteed a constant income of RM4250 every year until the day you pass away or reach age 87 whichever is earlier.

Survival Benefit which is the guaranteed cash payment of 4.25% of the Basic Sum Assured will be payable from the end of the 10th year, until maturity or death of the life assured, whichever is earlier.

Cash Bonus (Non-Guaranteed) – Starting from the end of the 2nd year, Cash Bonus will be declared annually on the Basic Sum Assured. Thereafter annual Cash Bonus will become payable on each policy anniversary, provided
the Life Assured is alive and the policy is still in force.

As for the Nett Surrender Value, it's best to check with GE whether they've lump in the figure from the Survival Benefit + Cash Bonus into the Nett Surrender Value.

Then probably the Nett Surrender Value is the total amount you'll get.

This post has been edited by lifebalance: Jan 23 2021, 11:46 AM

If 100k for each event is sufficient to take care of you, looks oaky. if you'd opt for deductible for your medical card, it'll definitely bring down the premium further or get more coverage within the Life / CI.

Looks pretty standard, albeit the sustainability is a little short, you may choose to revise it in the future by topping up to increase the sustainability.

This post has been edited by lifebalance: Jan 23 2021, 11:46 AM

Ok, if it meets your needs. Any cash value?

For the same premium should consider a higher Med.

yes netcrawler, you will get all 3 combined. you get the figure from your eConnect right? if i remember correctly, you try to see if you can request for "Discharge Voucher" of the plan. the Discharge Voucher will state the amount you will get upon surrendering the policy.

I do agree the term Net Surrender Value here is confusing. The Net Surrender Value is the fraction of amount deduced from your basic sum assured (not including any bonus be it survival bonus or cash bonus). I'd done this many times for GE policyholders and I'm ex-GE agent. So yet that's why i know. Just recently helped my friend's father out on this matter too

hi Zellwong, if possible, increase the premium slightly to make sure it sustain till at least age 75. if really thats the max budget, yeap this plan's benefits look ok.

of course it will be better if you provide much more detail like - whats the medical card name (if you dont mind screenshot the benefits from the illustration and upload it here, that will be better)

Yup, I got that from eConnect. Since you had done that many times and also an ex-agent, I give you a benefit of doubt

Hi,

Which life insurance is good in 2021? I plan to buy online on their website.

hi myrancid. your question is too wide. perhaps you wanna be more specific? life insurance is very straightforward, just paying either death benefit or TPD benefit. is this what you are looking for?

Does MyCTF claim for covid-19 test (first time) is still accepting claim?

Does individual with life insurance able to enjoy this benefit?

How high the possible to get claim if having medical and CI insurance with complete document for submission?

You can browse their website individually and see which suits you. The insurance company have made it easy for you to go to their website to choose the plans

Medical insurance policyholders and takaful certificate holders may apply for reimbursement up to a maximum of RM300 for COVID-19 testing (one reimbursement per individual) to maximize the number of tests that can be supported by the CTF.

Requirements & Eligibility
Insurance policyholders and takaful participants with group/individual medical and health insurance policies and takaful certificates who undergo COVID-19 tests at recognised private labs listed on MoH's COVID-19 website.
The CTF reimbursement is limited to one test per policy/certificate holder only and the reimbursement period is valid until 30 June 2021 or earlier, if the fund is fully utilized.

Thanks for your reply.

I saw this in the website too.

Does the medical and health insurance including life insurance?

As the available fund is not available to know by public and the processing time as stated in the website is 14days, then how high possible does people (starting in this year) can claim through this campaign if they have fulfill all the requirements?

Life insurance with attached medical rider.

First come first serve basis. You want then you need to queue now.

My father life insurance is having CI with it. He has claimed for CI before so now left the benefit payout if he survive more than 30days then the insurance company will pay 25% of the initial sum insured to the beneficiary when claim death benefit (touch wood).

When I see his online statement it is stated as life insurance. So, having this insurance allow my father to qualify to join this covid-19 claim?

However, you can call in to MOH to further clarify if this include CI because the wording above shows for health insurance.

This post has been edited by lifebalance: Jan 23 2021, 11:27 PM

hi rocketm, just file the claim and submit since there is no harm and no fees incurred. the steps is very simple and it takes less than 15 minutes to submit the claim.

How about both?

Hello to all,
Looking for Investment Link Insurance Quotation from any insurance company.
PM for for details.
Thanks in advance

mind telling more info for the ease of providing competitive quotation by those SIFUs here?

minimum info like
sex, age, coverage amount, any riders to be inclusive etc etc?