Hi all,

Need a recommendation on a life insurance policy and seems like this tered might be a good place to start.

Details about myself

- age: 24 y/o
- occupation: bank executive. So pretty much just office work
- non-smoker
- single ( unfortunately ) and only one debt commitment for a car. But the monthly installments are just below 15% of my gross

Am looking for a Non-participating term-life policy. The kind that can be bought online at an affordable price. I've taken a look at a few companies and noticed eTiQa is the cheapest at under RM 50 a month. But I would like to know if anyone here have better options to suggest.

I'm a bit unsure as to how much coverage I need, but I assume RM 500k for 20 years coverage since I may want to pursue larger financial goals like buying a house maybe 10 years down the road

Would appreciate any thoughts or suggestions

Side note: The reason why I really highlighed the word "non-participating" is because despite this is what I firmly want, the insurance agents that I spoke with (just the ones i asked, no further) cannot seem to understand. A participating policy or IL-policy is always suggested with high premiums that I don't want. For me, cost is a major consideration when buying term insurance.

Hi ckdenion, current life and CI are 300k, as for medical had additional rider smart extender which extend the annual limit to 1.2 mil with deductible of 120k which is cover using SM200 (120k annual limit with lifetime limit 1.2 mils) . Major burden will be my parents medical around 2-3k per month (installments)  n house loan of 1.5k.

Currently 36 n work as engineer.tq
Hi lifebalance, in ur opinion what will be the optimum amount for critical illness? FYI, I'm single.tq

Alright. In terms of claims, would you know which company tends to have the smoothest process? eTiQa looks good, but I'm keeping my options open.

In terms of income, my current gross is 4k. For now, I'm only wanting a term insurance that covers life and TPD only. In terms of CI and medical card, my current employer will cover that with no limits. Hence, they are unnecessary for the time being.
Thanks for the info. Though as some quick questions.

1) Even basic term insurance also will have increases in premium as policyholders age?

2) If premiums do increase over time, does the Sum Assured also increase as well? (i.e if it costs RM 50 per month for a RM 500k coverage for 20 years, if premium increases to RM 75 per month, does the SA go up to RM 550k for example)

Further, would you know which insurer have the broadest term insurance coverage on death / TPD? I didn't know about the exclusions and wonder if there are any general ones across the industry or some companies are more restrictive than others.

Looking for a pure no-frills standalone medical card.

I’m a 30 year old bank exec (group covered), single and a casual smoker. No pre existing medical conditions.

Budget is 3k/year and hoping to get the widest coverage with highest single bed R&B. No investment-linked plan pls. I do my own stock picking. Hope any sifus here can help me out.

Thanks for your reply! I'm planning on getting a separate life insurance plan but not just yet. Main priority is to shop for the best medical card in the market in the event I get diagnosed with anything. Do medical cards generally not cover critical illnesses?

Is it advisable then to buy multiple medical cards from different providers so that coverage is more comprehensive (as in can use such and such medical card in event of that specific disease) ?

So would a good solution in this case be to get a good main medical card (AIA maybe since almost everywhere is accepted with those stickers) as well as a secondary deductible medical card (given that deductible cards are cheaper?)

Thank you for the detail explanation.

Perhaps, I need to consider what is the effect of downgrade my CI insurance and then decide a traditional medical insurance (if possible with card).

Example you injured your private part?
If they cover it it they will use the fund from the annual limit?
Bcs I see there is something called emergency accident outpatient what does this mean?

Hello everyone,

I'm planning to buy a medical insurance soon.

Details about myself:

i) In my late 20s.
ii) Not married.
iii) No dependents (so life insurance is not needed).
iv) No pre-existing illness.
v) Occupational Class 1.

Do you think a standalone medical insurance is sufficient for now or I should opt for ILP?

Any suggestions are welcomed!

Dear sifus.

I've been looking around for Critical Illness plans and found a few that offers it online. So I have been doing some noob comparison between Sun Life's eCritical Sheild-i, GE's Critical Care Direct and Takaful's myClick.

Decided myClick would work best for me due a few reasons, but mainly the others have survivability clause where I would have to survive a critical illness to claim. I can't imagine me surviving a major heart attack or stroke, but that's just me.

Before committing to myClick, I searched the forum for any feedbacks or information for self affirmation lol

Has anyone got insight or feedback or is on the myClick plan to give your review?

Hi all sifus here,
I has been annoyed by insurance recently, and this is the case.

I am currently pregnant. My husband is 38 years old this year. The next birthday is 39 years old. Since we going to have first child on this September, we started to have heavy responsibility and started to review our insurances respectively.

My husband：

Because we going to welcome first kid soon, and although I am self-employed, my income is not stable, so I mainly depend on my husband’s income. I am planning to purchase GE SPW20 for husband. Recently, the agent also quoted the price, as follows.

RM3000/annual
life insurance :RM500k
critical illness:RM200k
waiver benefit/TPD

I know that SPW20 is 20-year insurance. Although there is auto extension, I expect that the cash value in 20th years will no longer be able to sustain/maintain insurance. It is very likely that I will need to increase/pump money go inside. But I think at least these 20 years we are insured by GE. After 20 years, kid grow up and became independent. If there is any accident within 20years, at least me and my kid we still may have money continue to survive.
Husband currently only have 2 of GE insurances , and they were all old insurance policies.
One was purchased in 1994 and one was purchased in 2008.

1994-coverage end 2080>easipay-whole life with special cash bonus; sum assured RM20,806 ;RM90/monthly

2008-->medical card ; hospital room 200/day ; 100k/annual limit ; 400k/ lifetime limit;RM390/montly
         -->life insurance;35k
         -->critical illness;20k
below are the details of each rider.
CENTENNIAL ADDVANTAGE INSURANCE ; MYR35,000
IL-HEALTHPROTECTOR ; MYR200 [coverage end 2051]
CRITICAL ILLNESS BENEFIT RIDER ; MYR20,000 [coverage end 2080]
IL WAIVER OF PREMIUM PLUS ;  MYR23,510 [coverage end 2051]

In fact, currently husband budget for one month's premium is within about RM450-500.

Total amount(assume include SPW20): RM470/montly
life: 20,806+35,000+500,000=555,806
critical illness:20,000+200,000=220,000
medical: hospital room 200/day ; 100k/annual limit ; 400k/ lifetime limit

I asked agent to see whether husband if the medical card could be possible to upgrade. The agent said that because the insurance policy was too old, there was no way to upgrade, so I need to buy a new medical insurance. But looking at the most basic price of the new medical+life insurance policy requires at least RM350 a month. The better sum assured policy require RM500 a month, which is too unaffordable. So i plan the old insurance policy should be continued, and then focus on purchase new life insurance now.

I hope everything is clear. Hope sifus can advise me.

Age: 24
Premium: RM135/month, RM1650/year
Premium payable term: 36 years or 60 years old, maturity in 2055.

Allianz Life + Medical ILP (Alliance PowerLink + MediSafe Infinite + Optional Benefit)

Insured: RM5,000 only (I dont plan to insure a lot since no dependant yet, but planning to increase to around RM500k if I found 'the one'  ) Can someone work out if I plan to increase to RM500k how much premium would that be? That'd be great too.

Medical: Plan 200
R&B - RM200
Annual limit - RM1.5mil
Lifetime - No limit
hmmm was wondering if this plan I have is optimal? I plan to get a separate term life insurance and separate medical card instead of a single ILP that combine life and medical, would it be cheaper if I get term life and medical card separately?

Hi all, looking for medical coverage for my mother, aged 59 next birthday. Any medical plans to recommend? Need quotations.

Would prefer level premium plans.

We are ok with budget up to 4k per year, if it's available.

Hi, I would like to know where to find the annual bonus statement for Great Insurance Saving Plan in the e-CONNECT? I am paying GREAT CASH GAIN package monthly, I look for the statement, it show "information is not available".

What’s the price range for this?

250 monthly onwards

Is there any traditional medical plan for lady cover medical bills and hospitalization for person age 64 years old this December?

For traditional medical insurance, will the policy holder get any payout (cash value/dividend) when they terminate or mature?

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Any AIA agent can clarify what is Critical Illness Type 2 Coverage? How do we know the Critical illness insurance should go to 100% medical or 100% life and 60% life while remaining 40% to medical for tax reporting purpose?

Hi all, I (36M) currently have a GE plan (investment linked):-

life coverage 150k
critical illness 150k
medical RM150/990k annual limit

Paying RM325 a month. My wife (35) is uninsured except for work insurance. We just paid off our home so now looking at medical/life insurance for both. 2 children (4/6 yrs).

Annual net income is about 85k for me and 45k for my wife.

I'm comfortable with my medical coverage, but my life coverage seems quite small. Does it make more sense to:-

1. Increase my life coverage with current provider (GE) either by topup or buying separate life plan?
2. Buy a life coverage plan with another provider (fi.life?)

At my current age, 20 year term seems a bit short (although it will cover the most 'dangerous' part of life in terms of expenses la). How much should I expect to pay to top up to 1 million (meaning +850k) full life coverage?

Frustrating that there's no way to compare ringgit-for-ringgit coverage between the providers.

Also for my wife's insurance needs, at the very least I want to get about 1 million medical plan for her (life coverage not sure yet), is it better to stick with current provider or should I diversify to other provider?

Thanks for ur reply
I have an existing medical and investment link bought from my uncle previously. Thats why i dont have faith in investment link.

Im interested in the traditional policy coz my main purpose is to max my life insurance portion in tax deduction but at the same time help me save some money and so long i get the guaranteed amount at same value of what i have paid or alitle bit more would b better. And yeah critical illness only should b ok. And 5, 10, 20 yrs sounds good to me, and depends which gv me a better return %.

Yeah could u recommend some traditional policy for me, prefer great eastern, aia, allianz, pru to compare with.

Age 38 f
Non smoker and no history of any medical issue
Office 9-5 white collar

Thanks

When exploring options for insurance for female 35 years (next birthday) non smoker, I spoke to both a GE agent and an AIA agent.

GE agent said RM220 monthly for 990k annual limit room&board 150 (with minimal 12k life protection)

AIA agent said RM300 for their 150 package (500k annual limit, 20k life protection).

Seems like a huge difference for reduced coverage, which means I must be missing something, but I also dunno how to ask further as they seem directly comparable to me. Can the insurance agents here suggest what the possible differences could be to cause the huge difference in cost?

Thanks for all who offered to meet me to draw up a plan, but I very much prefer posting publicly in LYN for everyone's benefit (if that's okay with you).

Guys, I'm in the middle of selecting life insurance between prudential and GE.

Both policy is quite similar to what I want, only the GE is thirty bucks more expensive.

The hearsay is GE claim is easier and faster than PRU? Pls share your experience.

Another question is, does PRU has the tendency to increase premium over period of time?

Thanks.