Haha you're right. RM30 difference seems little, but the premium will increase a bit from time to time right...

Also, I'm working full time now and my company provides insurance benefits of RM5,000 per year, but after 2 years I plan to quit my job and work as a freelancer. Thus, I'm thinking of taking RM5,000 deductible for these 2 years and I plan to not make any claims for 2 years. However the agent from Company B advised me to take non-deductible now. He said if I take deductible for these 2 years, and then upon switching back to non-deductible, the premium will be higher.
I could not make any sense of it. Is it true?

When you change your plan from deductible to non-deductible, you have to re-declare your health status, if you got health problem by then so sorry you won't be able to make the changes and have to stick with your deductible plan, if your deductible is very high then you have to always fork out that amount whenever you get admitted before the balance is paid by the insurance company.

Let me guess Company A - Pru, Company B - Allianz

I bought this for my daughter before she was born. The insurance agent is kinda pushy. I'm paying around RM190 per month. PRUlink managed fund 2 value also like crap, around RM755 only after 3 years. I was thinking of buying a new policy and terminating this one. Any suggestion?

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, 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, 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 Yamcookies66, what are the sustainability of both proposed plan? I will actually pick Company B in this scenario. It has a non-claim discount if no claims are made. also the diabetes coverage is something extra whereby company A doesn't have.

Both plans offer sustainability until age 60..
I only want to cover for unexpected accidents and CI. But I read a lot of comments saying that ILP plan is not that good as compared to term insurance.
Should I be concerned?

Both plans offer sustainability until age 60..
I only want to cover for unexpected accidents and CI. But I read a lot of comments saying that ILP plan is not that good as compared to term insurance.
Should I be concerned?

I would say decide on which agent is serving you better and provide a more professional service. You can compare on the fund performance between the two companies as well.

My estimation for both policies are around age 50 which is a bit short due to the large benefits for low premium. This means that the premium will increase once the sustainability runs out. I advise you to check with your agents regarding the sustainability.

Hi David, may i know what is the best sustainability for a plan in your opinion?

I bought this for my daughter before she was born. The insurance agent is kinda pushy. I'm paying around RM190 per month. PRUlink managed fund 2 value also like crap, around RM755 only after 3 years. I was thinking of buying a new policy and terminating this one. Any suggestion?

Both plans offer sustainability until age 60..
I only want to cover for unexpected accidents and CI. But I read a lot of comments saying that ILP plan is not that good as compared to term insurance.
Should I be concerned?

That is a typical statement made by some people who have something against ILP even totally ignoring its good side and focusing only on the bad side.

Sustainability is based on projection only, not guaranteed.

Sustainability depends on 2 issues.
1. COI incremental, which may be more than what had projected.
2. Return of ILP if poorer than projected.

Then the sustainability is affected.
Yes, ILP has its good side.
But at the same times, there is nothing wrong to look on negative side of story, nobody want to find out something bad after contributed more than 10 or 20 years then later found out something is not as good as previous sweet talk.

ILP can make a loss instead of projected gain to sustain the policy.

Nobody can deny potential of negativity of ILP which may happen, and it does happen especially recently, some funds are making poor return, some even losses, due to unfavourable market condition.
With interest rate worldwide are mostly near zero, it may even tougher job for funds to generate good return as previous 10 years ago.

Look at both good and potential bad side of ILP, then only make a decision on it, as insurance is long term commitment.

Hi David, may i know what is the best sustainability for a plan in your opinion?

Hi all sifus, is it big difference between paying premium yearly and monthly? Noted that ILP have the investment portion inside. Let say I pay by yearly, for the first month, the extra 11 month payment will go into investment account and been invest in the fund. But fund value will up and down. Is it better we pay in monthly, by average down the unit price like the concept of DCA?

GE have promotion for July sign up.
How to check whether I'm still under the 3888 sign up before I sign up?

Hi all sifus, is it big difference between paying premium yearly and monthly? Noted that ILP have the investment portion inside. Let say I pay by yearly, for the first month, the extra 11 month payment will go into investment account and been invest in the fund. But fund value will up and down. Is it better we pay in monthly, by average down the unit price like the concept of DCA?

Both plans offer sustainability until age 60..
I only want to cover for unexpected accidents and CI. But I read a lot of comments saying that ILP plan is not that good as compared to term insurance.
Should I be concerned?