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.

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

Hi all

Looking for advise for my wife life + TDP + illness insurance upgrade
Currently, she cover with
- 1.32m medical / annual / unlimited lifetime
- 300k life/TDP/illness

Last month, just diagnose with SLE but condition is very mild which only need take medicine to maintain the  situation

Now we looking to increase the 500k life/TDP/illiness coverage
(looking for good insurance charge and at least cover till 75/99 YO)

Need some opinion of what kind of plan we can consider?

Hi, I'm currently 34 y/o, non smoker

My main concern is just hospital admission coverage and outpatient treatment for cancer.

Would like to ask the sifus here about recommendations for investment link policy with minimum coverage for life/total permanent disability(as i had already had another savings type life/TPD insurance)

+waiver in case of having CI/TPD.
+annual limit may be 500k-1m
+lifetime unlimited
-Life/TPD amount as low as possible

Thank you.

i have an investment-linked medical card. But been having second thoughts lately.

Just want to ask whether are there any companies still offering term insurance? (anything that is not investment-linked).

Reason being I trust myself doing the investment more than paying a fee for insurance company to do it.

Hi Sifu

Just got a quote from Allianz for policy below:

CI        300K
Life      100K
PA        100K
R & B    200
Medical  1.5m(Annual limit) Lifetime limit unlimited.
waiver of premium

Age 26, M, non-smoker, Class 1.

Premium is RM350 /month, coverage period 31 years.

1. Should i increase my premium to extend the coverage period?

2. Any area i can improve?

3. For Rm350/month can i get much better coverage from other insurance company?

Background: single, no debt, annual income around 70k-90k.

Hi all sifu
My mum bought Great Eastern Takaful Supreme I last year with RM50,000 yearly contribution, and today suddenly her bank account auto debit another RM50k and she was shocked. My mum having misunderstanding with the agent who sold her last year.
My mum was 62 years old last year, premium due date tomorrow, auto debit RM50k today. Then i just knew this matter and look into the insurance policy.
I found that it's something like 1st year RM50,000, death benefit RM43,000
Surrender value is only RM22,000++, it's really ridiculous.
Anyway, i wish to settle on this matter, due my mum thought only one time investment of RM50,000 and get 15% cash payout guarantee.
What solution i have currently, reduce the yearly contribution to lowest amount (RM6k / year) and surrender it after few years? or any other option
Sorry i'm having basic knowledge about insurance only, not really know deep about it, seeking for sifus advice

Edit add on: My mum opened ocbc 360 account i trying to get some interest from her liquid fund, and i think the bank officer aim my mum and talking sweet things to my mum that my mum definitely no idea she is buying a "insurance". The serving agent consider to scam and trap my mum for purchasing RM50k yearly contribution policy, to cover RM43k death benefit? I'm really sick about it, all the monies are my mum retirement fund. Hope i get some solution or what is the best way to do to save the monies. Appreciate

Yes I'm aware of that but does the 'drastic' drop happened to all other insurance companies, as the  drop is quite drastic, even my AIA insurance agent surrendered her own AIA medical policy and sign up with another insurance company. Dropped 7 yrs of sustainabilities in 1 year is no joke.

Yeah my initial quote was 80 but i think i reduce to 78 due to budget restriction last time. And I realised that every year there is a minor drop in sustainability until beginning of this year the drop increased to 2-3 yrs.

Thank but i quick check few company entry age Max 60 ?

 
thanks for telling, so i guess the more appropriate or morally correct phrase or reason to tell the public to buy medical insurance at a younger age instead of when older is NOT about cheaper cost to buy BUT more of the risk of having pre existing condition at older age.
Nothing about cheaper to pay (or cost cheaper) as the cost can go up after signing it due to factors as mentioned by GE David, and premium can also go up with age after signing as mentioned by Cherroy

Is this too high for insurance under 30?

Premium: RM300/month

Coverage amount: RM 100,000
A-Lifelink 2 (Death Benefit): RM 100,000
A-PlusDisabilityCare (TPD): RM 100,000
A-PlusCriticalCare: RM 100,000
Medical Limit: RM 1,500,000 (no lifetime limit)
Deductible: RM 300
R&B: RM 200
Hospital Income: RM 100/day

Should I aim lower?

I'm confused:

Hi what's the ideal insurance premium monthly for a family of 4?

With spouse and 2 children.

Life + Medical

Hi insurance Sifus,
Recently, i received an email i need top up my premium due to inflation. My insurance under Allianz. Powerlink. I pay montly Rm150.The suggested amount increase by Rm115. 33. Been paying since 2015 Currently 29.
Here my questions.

1) Should i coutinue  pay 150 or fellow d suggested
     amt. My worry is later my cost of insurance will
    getting higher as age is increasing.
    
 
2)Should i surrender d policy?Look for more better ILP within my budget arround

3)or any good advice. Thx n appreciate.

Pls review my thoughts

As of now, i am currently covered sufficiently by my company for medical and life

If i were to retire in the same company at say 60, and then get medical and life, would it b feasible?

What is the premium difference if i bought since 30 and the price of the premium at 60 compared to when i buy at 60?

I came across GE smart medic million campaign at GE official website. Does GE promises the extra 2m annual limit is free for whole life if we sign up before 31 december?

hi guys noob question here, i got medical insurance on my friend on 2016 at 3k per year / 250 per month. i know he is getting commission first few years, as time pass the commission get lower. recently he find me again and proposed better benefit and remain 3k per year but i see his commission column have renew again to higher percentage. was wonder if he keep proposed and renew my policy to better plan meaning my allocated premium is getting lesser right? is like pay him more than i pay insurance company. should i reject the proposal even the upgrade benefit sound good.

ps: i hardly sick and claim insurance one. purpose of buying one is of course own responsibility for my family and reduce tax.

please advice

Hi, would like to ask the shifus' advice for my insurance plan.

Am thinking of switching my current investment-linked medical plan from Prudential to AIA since my current workplace is using AIA as the company insurance and I feel that AIA has higher coverage, easier claims process, plus it's linked to AIA Vitality, which I also use. Also, I feel that the reputation for AIA is slightly better than Prudential as I've been to the hospital using my AIA company card for physiotherapy, and I often overhear the admins bitching about Prudential's claims process.

Currently, have the most basic PruValue Med plan for RM150 per month (soon to be RM170 next month due to the price hike):

PruLink One Death/Disability: RM30k
Crisis Shield: RM30k
Enhanced Prupayor Basic: RM1.8k
R&B: RM200
PruValue Med Points: RM1mil
Deductible: RM300
Coverage: until age 70 (current age: 34, F, non-smoker)

Had this plan for three years already and the fund value is minimal, so I don't really care about the returns at all, just the death/disability payout, if anything happens to me (no dependents, but the money would help pay for funeral expenses, loans, etc). Since I utilize the company card, the Pru med card is just for back-up.

An AIA agent has drafted a quotation for me for both investment-linked and standalone:

Quote 1: (investment linked)

A-Plus Health

Death/Disability: RM50k
39 Critical Illness: RM50k
PA: RM100k
Annual limit: RM1.5mil
Life time limit: unlimited
Deductible: RM300
R&B: RM200 (Gold Vitality members can get this increased to RM300)
Yearly health wallet: RM1.5k, provided there are no claims for that year
Prevention benefit (health screenings/vaccines/etc): RM300/yearly
Coverage: until age 80
Premium: RM290

Quote 2:

A-PHS Standalone

Annual limit: RM1.375mil
Lifetime limit: unlimited
R&B: RM200
Yearly Health Wallet Amount: RM1,250
Prevention benefit: RM300 every two years
Outpatient physiotherapy: RM6K per year
Coverage: until age 80
Premium: RM152

Judging by the premiums, there's a difference of RM138 and I am not sure it's worth it to get an investment linked product, when I'll just be using the card as a backup card. I can always invest the extra difference in ASB/UT as well. Am quite undecided whether to go for the investment linked card or the standalone card...keep hearing that it's better to separate insurance from investment.

Also, another good thing about AIA is that it offers goodies in terms of the Vitality app, plus the prevention benefit (Prudential doesn't offer this). However, is the higher premium worth it for me to switch from Prudential to AIA? Am relatively healthy, no surgeries or claims for the past three years on my personal card. Immediate family health history is clean as a whistle as well.

Appreciate your advice.