my biggest regret is spending money on takaful/insurance.

i came from a very healthy family, low risk lifestyle, but paid so much for medical card which every 5 years will increase. plus the ILP is outright scam. i will get better return if i invest the money somewhere else.

the bonus part is the agent ran away and ask me to settle with his previous supervisor.

now i'm advocating ppl to not get medical card + ILP, enough with life/hibah takaful.

yea...when you get sick stock market will give you treatment money!

Everytime read about insurance.
Sunset orange come to mind.

How healthy ur family oso u will never know when something will happen. Anything can happen in life la

Accident, disease, etcetc. There is no guarantee in life wan la..

When it happens, its too late.

This post has been edited by kevin23: Oct 29 2020, 10:31 AM

its good to review your insurance policy to keep up with latest changes.

Lol....I wasn't directing at you rather than those said that their grandfather bought the policy for them and they will cancel it ! Lmfao! Roti prata now is Rm1.30 a piece and 10 over years ago , it was at Rm 60 cents! Staff salary, increase in medical cost no need to factor in la!

gila how come naik so much?

dont know why u got scammed.
u probably bought the wrong product. don't generalize all insurance are scam.

i bought an insurance policy 17 years ago. breakeven at 15 years. now i dont have to pay for anything, using the dividend to cover it.
if i surrender, i can get back more than what i paid.

Dont buy lo if u think scamm. Any hospital bill u pay urself lah.

This is what we call penny wise pound foolish.

Wanna jimat 200/month which is 2400 a year . In 10 years its only 24,000

Sekali kena hospital bill , 50k-100k easily.

Cannot understand Malaysian mentality. But when got new rtx , new iphone, new samseng, they dont blink an eye and immediately buy.

Topkek

honestly I rather read the car specs that the thick policy

average joe wont understand shit what is written there

even loyar gonna have some hard time deciphering some clause and terms lol

Young age still can cope any illness. If getting old like the 40+ years old uncle still not too late to buy.

🤭🤭

Mine Prudential. Increased the same

My Pru medical policy also kena naik harga starting Jan 2021.

Increment is normal for participating in insurance.

Because they are doing business.

Things that u need to know is the sustainability of ur policy.

Increment came when the policy finds ur policy cant sustain due to its increment in terms of medical cost and riders.

Meaning, let say here every month u contribute 200;

Maybe ur policy use 170 to keep ur policy running and the balance goes to investment fund. Now, ur policy need to use 210, so the monthly cant coup with the amount that ur policy need.

To combat this, ur policy requires u to topup. Let say u dont topup, ur policy still ok, but the fund will be exhausted.

I have a clients who are didnt topup but the policy still running, this is because his fund size already big, so the policy can just deduct the money from the fund.

This is case to case basis.

This post has been edited by hafiez: Oct 29 2020, 10:40 AM

Yes, lucky i ask all my fam members take takaful. Some already use it. Upon using u feel the relieved. This feeling cant share with others. Need to experience by ownself.

Pay yearly 2400, but can cover bills up to 50k.

Health issues came without warning.

yes, better take your money and run.

sign up for online medical insurance like Axa Emedic or Etiqa takaful. 1/4 of the price and more coverage.

Cut out the middle man.

you buy insurance for old age.


medical fees inflation is about 7% a year.
so it's best to buy it when you're young so that it can pay off by itself

but dont get involved into stupid investment linked that BS.
you probably wont make more than 7% a year

Are you insurance agent? You comment is improper and cursing people doesn't make you more intelligent.

I haven’t bought any insurance for myself

Currently covered by my company only

Hope I don’t regret in the future

Insurance is not an investment. If you want to invest, there are alot other better options.
Insurance is to insure yourself or your family, so you dont have to pay hefty sum if there is something happen to you later. Of course, you might be healthy and nothing happen, but that doesn't mean scam since you are already insured mah.