so i've reading up a lot of US-based personal finance books and there seems to be a common theme on insurance, i.e. "insurance is for protection only, not investment".

This got me thinking about my insurance choices. I'm 35 yrs old and i have the following 2x GE plans with the listed riders for about 10 yrs running now. They are all investment-linked which I understand is a mistake?

SmartProtect Essential Insurance 2 (RM270/month)
- SmartProtect Essential Insurance 2
- Critical Illness Benefit Rider
- Smart Early Payout CriticalCare
- IL Comprehensive Accident Benefits Xtra Rider
- IL Waiver of Premium Plus
- Smart Medic (SM150)

Great Early Triple Care Special (RM100/month)


I have quite a bit net worth with me that I'm pretty sure I can do without life insurance. My EPF & cash investments are 4x more than my life insurance sum assured. However, I do believe I still need medical and disability insurance. My question is, do you think it's worth for me to restructure my plan so I can:
- Remove the life insurance and investment portion
- Retain (& even upgrade) the medical & disability insurance portion

And what is the best way to go about doing it?

I didn't bother asking my insurance agent because he'll just tell me to retain everything and buy more policies

This post has been edited by encikbuta: Jun 18 2020, 12:12 PM

so i was loitering around my Great Eastern E-Connect and stumbled upon this "Investment Value" from one of my Investment-Linked Policies.

so theoretically la, if I were to surrender my insurance today, I will get this amount (RM5,818.91) refunded to me isit?

because I saw my one other policy that uses the title, "Surrender Value" instead which was very clear. This "Investment Value", I not too sure what it means.


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Perfect, thanks man!

not sure if this has been asked before but here goes. I'm currently reviewing my Great Eastern ILP plan and I noticed that my funds are 100% invested in Lion Strategic Fund. I am just wondering if that really is the most suitable fund for me? A bit about me, I'm 35 yrs old and I don't mind going high risk (heavy on equities).

Looking at the fund description, this Lion Strategic Fund floats between Fixed Income and Equity with the goal of reducing downside risk. Seems a bit 'safe'. I think I'm more a 'Lion Enhanced Equity Fund' kind of guy. Besides having huge weight in equities, I also like it that they diversify out of Malaysia (i.e. 50% M'sia, 25% HK, 25% SG).

I usually would do my own analysis but public information on these funds are quite hard to obtain. Best i could do is compare the bloomberg chart but that just goes as far 5 years only. Also, Bloomberg just tracks the unit price and doesn't account for the fund distributions.

If you guys also know where I can access the latest fund factsheet for all the Great Eastern Lion funds, that would be greatly appreciated

If I had it my way, I would just go all into Lion US-i Fund (just track the S&P 500) but the GE e-connect website won't allow me the option to do so. I guess they only allow transfer between local funds.

Edit: I do understand that insurance plans should not used as a vehicle to grow wealth. That said, I guess there is no harm in trying to maximize returns since there is already an investment element in it?

This post has been edited by encikbuta: Oct 28 2020, 03:50 PM