Yes, i notice the guarantee cash payout. I believe they describe the guarantee cash payout 15% - 20% in this way:-
First year invest 50k, you get 15% "bonus" = 7.5k
2nd to 5th year invest 50k, get 15% "bonus" as well as 7.5k per year
Then 6th year to 13rd year, no need to do investment anymore and they are giving 20% bonus which is 10k
And i done a simple calculation, total contribution had been made is RM250,000
The bonus total for 13 years is (7500 x 5) + (10,000 x 8) = 117,500
Wtf this kind of policy existing in this world
Nvm i ask my another insurance agent to help me to take a look on the policy
Btw sifu sekalian, how do i send my policy for you guys here?

Hi both sifu, appreciate your time with my matters. I'd attached the policy for your better understanding.
However, just now i went to the OCBC branch and quarrel about the dispute.
The advisor should not recommend such kind of "retirement" product for "retired" women. What use for my mum to invest her retirement fund and get it at 75 years old as another retirement fund?
That is not professional at all.

After my dispute with the branch manager and the service advisor, we came into the outcome:-
First year 50k distribution had been made, can't do anything, they also strongly recommend not to surrender
Yesterday another RM50k of auto direct debit had been happened. Talked to branch manager that we are not intend for investment another RM50k for 2nd year.
They mentioned that this product , the contribution can be decrease to lowest amount that is RM6k per year (for year 2 to year 5)
We both agree with this outcome, but they need a week to work on my withdraw of the RM50k paid on the 2nd year, and continue with RM6k yearly contribution for 2nd year to 5th year, and they need to deal with Headquaters about re calculate the guarantee payout and other tables etc
If the branch manager can come out with this results, i think probably i will just left the monies RM74k in total there, and untouchable for 13 years until 75years old.
Just the matters of, the guarantee payout and total gain after maturity date. (awaiting them for calculation and outcome)

If it doesn't go into this way (RM50k for 2nd years cannot be reverse or etc), probably i will work on another direction, BNM telelink or ombudsman, but i think it's long and hassle way to go.
Appreciate sifu will give me advise after spending your free time on my attached policy table.
[attachmentid=10545719]

Add On: The branch manager and the advisor mentioned that it is possible to decrease the contribution as low as minimum RM6k per year. Now the main dispute is only for the RM50k had been auto debit yesterday, but the Due date is today, and they have to inform us before they done the transaction due to big amount that not everyone can afford

2nd Add On: Please assist to look for the attachment, let say if the contribution is maintained 50k for first 5 years, the total payout upon maturity is how much?
(RM7.5k x 5) + (RM10k x 8) + (RM157,500) + (between RM167500 - RM190,259) = between RM442,500 to RM464,759 ? am i understanding correct?

At what age do you all bought your first insurance? I am young and fresh out to the job market. When should I start covering myself? Also, any recommendation for me?

Hi, would like to ask sifus here about recommendations for investment link policy for life/total permanent disability/ci

Age 32 non smoker

1.waiver in case of having CI/TPD
2.annual limit may be 1m++
3.lifetime unlimited
4. Cover till min 80
5. Life/ci/tpd payout 300k
6. Single room 300

Better to take deductible 1k for reduce monthly? And roughly how much premium will increase over time?

Budget around annual premium of 3k

Thank you.

Hi everyone,

Happy Monday!

Would need advise on the insurance plan quoted by an agent last week to me.



First concern: Was wondering if the monthly premium if too high for this ILP (anyone has similar package?) I know that standalone medical card and critical illness policies are definitely cheaper but I have done so much reading/checking and most independent websites recommend that Allianz Medisafe Infinite+ as one of the best choices for medical card but it's a rider type.

My focus right now is only to have better coverage for medical card and critical illness. I already have a few insurance that have higher payout for Life/TPD.

Another insurance agent from GE (a friend) mentioned that nowadays most insurance will always focus on selling ILP to customers for all-in-one package (since it's the trend) and of course, at the end of the day, it's the most commissions agents can get when selling ILP.  He did quote me a similar package for GE to match the coverage by Allianz but the monthly premium is higher at RM575 and I need to top up / pay extra since I wanted early payout for critical care, whereas Allianz already have payout at all stages.

Second concern: Allianz definitely have the holistic package but unsure how fast they process guarantee letters and claims.
Thank you!

Hi everyone,

May I know, what is the best insurance for my dad that is age of 66 this year?

Perhaps with lower premium with good coverage.

He is healthy but diagnosed with glaucoma.

Thank you

Hi Everyone,

I really need your advice.

I am hepatitis B carrier, got from my grandparents then to my mom then to me.

I'm currently on follow up with hospital and taking medicine. My liver is recovering and i was undetected for so long already.

I wish to take insurance soon. So have few questions:

1. I don't plan on claiming anything related to my hepatitis b related disease in future. Should i declare and why?

2. If i don't declare, let say i want to claim/req GL for other illness, will they find out about my hep b? and will it cause problem to my claim for other illness that is not related to hepatitis b?

3. If i'm caught that i don't declare, what would happen?

4. GL is issued within minutes to hours, how do insurance company check on the medical background?

5. Say i'm currently following up on hep B with hosp A, but i want to req GL on other illness with hosp B. will insurance company know my medical record in hosp A?

6. will my premium become high if i have hepatitis B?

7. with my condition, which insurance package you think would be the best
Thank you in advance guys!

Hi, not sure whether this is the right place to ask. I have a medical card given by company which covers Outpatient GP & SP. I would like to do an xray for chiro purpose but I know that will not be covered by insurance. Is there any way I can get the xray to be covered by insurance? Perhaps visit SP to get them to recommend xray?

Currently already having 700K life + Illness

Looking to increase another 500k life & TPD with illness waiver rider, so far HLA provide best premium but cover only for 30year...(bday Jul 84)

Anything to take note before pursue further?

on that, i think i read many times in here....
that they mentioned the money spend on buying in the younger age (where the probability of claiming is much lower) can well be channeled into investment
then buy only when older age,...yes, the premium may be higher when older, but the amount of money generated from investment from using the premium to invest instead of buying med insurance at younger age would be more

also when you buy medical insurance at younger age,...will it be fixed premium through out the lifespan?
or the medical insurance premium will continue to go up every few years from XX age? (example from age 45?)