same... i choose to invest in good food.. and take care of myself much.. but ppl will say a lot if not take it bla bla bla but who cares. life is an option

Kena increased 16%, time like this kena cut throat. Celery also no 16% increment.

This true.
Seeing the words and comments spewed from insurance agents in this tered.
Better cut out these middle men.

I am also fully covered by my company but I have bought it myself as I am fully awared that I won't have any coverages once I Kena retrench or retired form the company! To get a policy at age 60 is farking expensive premium !

Yours likely an old plan which is a participanting plan which shares profit from insurance company every year
Nowadays all ILP in the market is non participating plan which don't share profit from insurance company every year and yet have to pay management fee to them every year which is much much more profitable to them compared to traditional plan like yours which has been discontinued from market

This post has been edited by bryon: Oct 29 2020, 10:52 AM

No I am not insurance agent. Poor and stupid tend to see only the pennies in their pocket so they die poor leaving their children also poor.

Even if u’re covered till age 60 since u buy young, does not mean it’s cheaper

This post has been edited by taiping...: Oct 29 2020, 10:55 AM

This is how GE con you.

1st they promote u with more rider
1. unlimited lifetime amount
2. increase in annual amount
3. increase coverage years to 99

All this cost $$$, and your consultant will con you and said this is free , just sign.

In the end your cost of medical card RM100 then will explode to RM300.

Then your monthly investment in the policy cannot sustain all the incremental cost.

There boom, and you get the letter.......your premium is not enough to cover your policy , please increase premium
approve or reject.

Approve - all goes well until the n years
Reject - until certain years your investment go kaput like now , share market kaput. then until exhaust your investment the bill come when u are old and no jobs and retired.

Premium increase, no holiday and no cover in the end bcos cannot afford to pay
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This post has been edited by wufei: Oct 29 2020, 11:01 AM

wait till u get terminal illness and no private hosp wanna take u

To each of its own la! Do u think your company's policy is enough to cover your mishap? E.g u Kena cancel of any kind during your tenure with the company? If yes then u work for s good company! Mine is just average and I don't think can take care of my needs should anything happen! Your money and your call, just my two cents!

Don't understand, how is that not cheaper?

it will not be cheaper....
average monthly payment is cheaper because u pay early and u earn bonus and profit and kept in the account.
Then they use part of the investment to subsidise your premium

I agree with you, that's why I asked him why is it not cheaper.

Ya, I have an old share profit plan from 25 years ago, when my parents applied for it.

Total value at least 100k right now, with 70ringgit per month. Which is insane, considering how much value it keeps adding. I will continue to add to the plan until the day I reach 80 years of age, another 47 years to go. Let's see how much that plan is worth then. lol.

Must consider, paying for almost 20 years... Never claim once, but keep ask increase contributions

Mine GE medical card... Paying RM240 and GE asked for RM50 increment taking effect in June 2021. Increase of RM50.

What audacity to link insurance-less to perpetual poverty and stupidity.

How much the premium cost for 60 y.o vs 24 y.o?

mine is similar to Red_rustyjelly

I didnt know the current ILP is liddat




really kasihan the current gen working fellas lah. ILP also kana, rumah pigeon hole also expensive like F

Wise move. Apart from retrenchment and retirement, you have to think of insurability. Nobody knows when we will be diagnosed with high blood pressure or heart problems, for example.