Hallo sir. Currently only ride on company medical benefit.
age 28 and executive.

Could you elaborate on the fund history? do i need to select the fund or what?

Sorry noobies here

Tq

Hi , I would like to seek answer what my agent said is true or not.About one week ago, my agent contacted me and said the insurance company doing offer by let me change the current policy from prulife ready to pruwithyou with medical no waiting period.As my existing policy was only 1 million for life time, then I agreed to shift to new policy.
Currently there are 2 policy , one old and one new, the old policy premium revised to lower.
Then I asked my agent  , do I still need to pay for old policy, she said no need but I afforable , I can pay it and the cash value will be more.
I felt weird why to keep the old policy as she mentioned my medical benefit transfer to new .
She answered me it is better to keep and the surrender value will just reduce a bit when I surrender 2 years later.
Can I have advise if I dont pay the old policy premium , will it really be like what my agent said, the surrender value will just reduce a little as only cost of insurance charges.
I attached screenshot but as she replied in Chinese  so hope got people can help.

Hi, i never take any insurance before.

Been quote this from AIA(life link). Is it ok?

Pampasan kematian - 500k
Pampsan TPD - 500k
Pampasan penyakit kritikal accelerated 250k
Age limit 70
Cash value at 70 : 16k
Waiver and save : inclusive

Monthly : 300

Hey guys,

I got laid off a while back and my extended medical coverage benefit will soon expires. Looking at the options available online, it seems like most medical card only covers hospital visits?

Are there takaful/insurance plan that covers GP/private clinic visit? Not really concerned about hospital visit tbh since worse case scenario still got govt hospital, but visiting govt clinic for the occasional flu/ailments is too much of a hassle.

tldr: need coverage for GP/clinic visits

Hi Tyenfei,, thank for your explanation,  I understood the importance of keeping existing medical policy, but I have doubt on no need to pay the premium , if dont pay the premium, really the policy will still active as what my agent said, only deduct cost of insurance?

Hi guys, wanna seek your advice.

GE advised me to increase my premium. What if i dont want to?
The FAQ only mentioned they highly recommend me to but did not mention if i dont want. And my agent barely do anything..

Its weird that i am the only one to increase but my family didnt. We bought the same plan but different coverage.

Hi guys, wanna seek your advice.

GE advised me to increase my premium. What if i dont want to?
The FAQ only mentioned they highly recommend me to but did not mention if i dont want. And my agent barely do anything..

Its weird that i am the only one to increase but my family didnt. We bought the same plan but different coverage.

Hi guys, wanna seek your advice.

GE advised me to increase my premium. What if i dont want to?
The FAQ only mentioned they highly recommend me to but did not mention if i dont want. And my agent barely do anything..

Its weird that i am the only one to increase but my family didnt. We bought the same plan but different coverage.

hi Taeee, for GE, all Smart Medic Xtra medical card got price revision starting 1st June 2020. your family members having the same medical card?

of course it will be more recommended to increase the premium. if you don't reply the letter, company will treat it as you don't agree to increase premium amount. so if you do not want to increase your premium, your plan will lapse earlier due to the increased of medical card cost of insurance.

for example, if you are willing to increase premium, the policy will sustain say until 78 years old. now with the increase of COI and not increasing the premium, your policy will sustain till 72 years old only. this is just an example ya.

Hi

If you don't increase your premium then your policy may lapse earlier due to insufficient money to maintain the policy at the same premium that you are paying now.

Chances are teh insurance company increased their cost of insurance or your plan differs from your other family member

ok then let me just assume you are 30 this year. I used online life insurance Fi Life (underwritten by Tokio Marine) to do this comparison with a simple ILP life insurance.

1. Fi Life Yearly Renewable Term (YRT) is the one that pays lesser now and premium will increase according to age (refer future premium rate).
2. Fi Life Level Term (LT) whereby premium is fixed for the following 20 years.
3. ILP whereby premium is non-guaranteed (yes for all ILP premium is non-guaranteed due to non-guaranteed fund performance).

[attachmentid=10491873]
[attachmentid=10491877]

Based on 500k life insurance for 20 years assuming you buy at the age of 30. The total cost for
1. Fi Life Yearly Renewable Term (YRT): RM34,316
2. Fi Life Level Term (LT): RM31,188
3. ILP: RM31,200 (have an estimation of cash value of RM25k at the end of 20th year)

The above cost also assumed if you don't do any investment. So i factored if you have RM35k now and you are investing in a 6% p.a investment vehicle and at the same time you are using the amount here to pay for the yearly premium. End of the 20th year, you will have more if you bought an ILP.

1. Fi Life Yearly Renewable Term (YRT)
[attachmentid=10491878]

2. Fi Life Level Term (LT)
[attachmentid=10491879]

3. ILP
[attachmentid=10491880]

do let me know if there are other online life insurance products that you are looking at so i can analyze for you

thanks!

looks like ILP is more worth it in this case if it comes with the same coverage.

however which ILP are you using to benchmark against YRT and LT by fi?

hi all, i'm considering to get an insurance for our soon to be out baby.

1. What to take note in this kind of insurance?
2. How much would be a decent amount for the baby's coverage?

And am currently looking at GE Smart Baby Shield, PRU My Child Plus.

Would like to know if any experience parents can share me some tips? Thanks a lot!

1. Coverage for the baby especially for any new born ailments I.e jaundice
2. Starts from 250 monthly for a decent one

Both plans are quite okay but GE will be quite the latest.

GE will be quite the latest meaning?

hi all, i'm considering to get an insurance for our soon to be out baby.

1. What to take note in this kind of insurance?
2. How much would be a decent amount for the baby's coverage?

And am currently looking at GE Smart Baby Shield, PRU My Child Plus.

Would like to know if any experience parents can share me some tips? Thanks a lot!

hi all, i'm considering to get an insurance for our soon to be out baby.

1. What to take note in this kind of insurance?
2. How much would be a decent amount for the baby's coverage?

And am currently looking at GE Smart Baby Shield, PRU My Child Plus.

Would like to know if any experience parents can share me some tips? Thanks a lot!

hi all, i'm considering to get an insurance for our soon to be out baby.

1. What to take note in this kind of insurance?
2. How much would be a decent amount for the baby's coverage?

And am currently looking at GE Smart Baby Shield, PRU My Child Plus.

Would like to know if any experience parents can share me some tips? Thanks a lot!

1. If the pregnant mother is within 13 -35 weeks of gestational period (3 to 9 months of pregnancy period), the coverage should include pregnant complications and death of mother.
- Ensure that waiver rider for both payer and child is included for the child's medical card.
- Ensure Junior critical illness (eg. coverage for Kawasaki Disease) and congenital diseases are included in the coverage.

2. Depending on your needs and budget. I would advise 50k to 100k life for baby is a good starting point. Take note that for the first 5 years, child lien will apply where only a percentage of life sum assured is paid. For example, if the baby pass away in the first year, only 20% of sum assured will be paid.

3. GE Smart Baby Shield is a rider for SmartProtect Junior (Medical card for children). Smart Baby Shield will cover for the mother during pregnancy period (if the policy is inforce within 13 to 35 weeks of pregnancy period) and coverage up to age 5 of the baby for any congenital diseases.

There is also another one whereby mothers pay for their own medical card and the child attaches to the mother's medical card till he is 21 yrs old. I think my sister has this. paying rm 380 for self , whereby rm80 is for the child. and lifetime limit is RM1M.