Thanks you.

You will need to reconsider about life insurance even though if you do not have dependents.

It is true that single people with no children often don't need life insurance because no one is relying on their income. However, your parents could be your dependents.

If one day you died, someone will have to foot your funeral expenses. That's when life insurance comes in and even though the life insurance is small, it can be used to cover these expenses.

In the future, you will accumulate debts with house mortgages and car loans. This first medical insurance of yours with life insurance will be your first layer of defence if anything happens.

for your situation, im not sure whether it is consider as accidental case or not. ok lets say if it is accidental case and the treatment done is an outpatient treatment, then it will be claimed under accident outpatient limit. if needed to be hospitalised/surgery need to be done, then it will be cover under the medical card annual limit

hi Bearberry, if you need something to replace your income/monthly living expenses in the event of critical illness, then you need to have the plan to cover critical illness insurance, this is to make sure there is a payout amount to you during your recuperation period.

In addition to the medical card, you may also consider term life insurance, as an alternate option to ILP. This will help to provide life coverage at a lower cost.

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?

bro, if you don't survive a critical illness, how to expect a payout for critical illness benefit ?

That would turn out to be a death benefit already lol.

What kind of advise are you looking at ?

It seems to be a term insurance critical illness plan, I believe the premium should be affordable. Looks okay to me unless you're comparing for premium then just check with the 3 companies which give you the lowest premium and go for it.

Critical Illness plans will have the following clause:

Survival Period - You must survive for at least XX days from the date of diagnosis of the critical illness
before the benefit is payable under this plan.

I would advice you to reread the T&C or call Customer Service before you commit.

By then again, if you "can't imagine me surviving a major heart attack or stroke", a Life policy would make a payout should it come to pass, not a critical illness plan.

For Takaful's myClick, according to the product disclosure sheet, the survival period must be 30 days from the date of diagnosis of critical illness. Some insurance company like Great Eastern offer 14 days survival period.

Critical illness coverage is a cash lump sum paid to you, the money is used for:

- For your daily living expenses since you most likely will lose the ability to work (3 years of living expenses or approximately RM200,000 coverage would be a good start)
- For your children's education fund
- To pay for additional medical costs like medical supplements

Hello kind Sirs, just having a stand alone medical package cover accidents also?? I thought it just cover the 100++ illnesses? I accidentally hit my little toe against my bed frame does this consider as accident? Asking bcs it has already been 2 weeks and it still hurt. Can I make a claim since it been more then 24 hours since I injured my toe?

Thank you sifus for the feedback, appreciate all your comments

I do not know which insurance company you're with but below is one the snippet of the T&C from a company's T&C



You may need to call up to your insurance company to find out on what's their policy on your own case.

As for medical card, it covers the aspect of hospitalization which includes accidents whether it's major or minor.

Dear Insurance Masters,
Just want to understand, example my dad just turn 60 years old this year,last month to be exact and according to the chart he should be paying for which group this year?
56-60=Rm2345
or
61-65=RM3518

Because in the chart they mention something attained age next birthday on preceding. Does this means he has to pay for 61 years old even though he just turn 60 years old this year?

Yes, it would mean the premium charged will be based on 61 years old if his birthday had just passed.

Different company will have different regulation on consideration of the entry of age. Do read whether they consider based on next birthday or otherwise.

already read but dont understand the way they word it.
it does says that in the chart ' attained age next birthday on preceding'
thanks for replying btw.

Hi Yogi Bear,

The premium may not necessarily change on his birthday but the date when the policy was created. Meaning if the policy anniversary is in 15-Sept, the new premium will only take place in Sept and not June. Different insurer may use different approach.

which insurance companies offer the best and cheapest insurance for medical and life insurance?

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;RM130/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.

This post has been edited by sunnie11: Jun 4 2020, 12:38 PM

If you want short and cheap then standalone plans.

If you look into ILP plans, can you define what is the best ? Because I’ve done many comparisons and every different company have their own best and all prices are not the same.



Hi there.

Thanks for sharing very detailed info.

It seems to me that your husband maybe under insured since the amount looks very low.

There are solutions to it, I would suggest that your existing policy be converted into a standalone medical card to make it affordable and able to increase your sum assured covered without impacting much on the premium and will stay within the budget. While it will maximize your coverage.

You have the correct concept that having SPW20 will be able to insure your husband in the event of unexpected in this 20 years. I am also glad that you are informed that the cash value of SPW20 will most likely be depleted after 20 years and you will need add more premium if you want to extend the policy.

Based on your details, if you signed up for SPW20, your husband's life insurance and critical illness coverage are at a good amount and the coverage is able to cover the most important of his working years considering he is the breadwinner of the family.

The problem here is the annual limit of 100k and lifetime limit of 400k which is very low in today's standards. You may consider getting a medical card with high deductible so you still can keep the first medical card and don't have to wait for the waiting period.

As for your budget, let me rephrase as below:

Easipay Whole Life: RM90 /monthly
Medical Card: RM390 /monthly
SPW20: RM250/monthly

Total: RM730/monthly

So your husband's commitment with insurance might be out of the budget which is RM500 range if you commit to SPW20, so you have to take note of this.

This post has been edited by GE-DavidK: Jun 4 2020, 12:31 PM

Thanks for the replied.
Oh im typing wrong. Medical card RM130/montly.
Rm390 is quaterly premium.