My suggestion get AXA emedic plus for them and use that card until say 30 years old. Once 30 years old, switch over to those millions coverage.

Why? Cause unlikely they will not use the unlimited coverage now and RM150k/year is still sufficient for now unless landed in ICU (unlikely).
Not to mention in 15 years time, better insurance plan will be available and make the plan you have currently obsolete.

You can see yourself the premium of AXA emedic plus Vs the ILP. The difference is a lot. Put the difference into S&P500 etf and you will thank me once they reach 30 years old. Once they hit 30 up to you to decide if you want to to ILP or standalone route.

If I have kids, that's what I will do. Get them AXA emedic and invest the rest. Once reach 30 switch them over to the million coverage (to be use for rest of their life).

They don't cover aside from post hospitalisation follow up (120-200 days) depending on what insurance you are using.

You can take your meds at Klinik Kesihatan if you want cheap. Insulin should be available there. Adalimumab you might need to take from hospital or pay from out of pocket if govt does not cover. Anyway insurance won't cover any pre existing illness.

This post has been edited by Ramjade: Apr 9 2023, 09:23 PM

lee82gx
If you want outpatient only AXA have them. But I believed the number of visits are limited.
https://www.generali.com.my/medical-health/...medi-outpatient

Unless it's some cancer than only choice is critical illness insurance.

Malaysia does not have but I think Singapore may have what you are looking for. It's call disability insurance. It's different from critical illness. This disability insurance is in case you have a disability which prevent you from working, then they will kick in.
You can check out here.
https://www.moneyowl.com.sg/insure/
They are salaried based and not commission based so you will get good unbias advise.

Downside is the premium is charged in SGD and you need to be in person there to sign the insurance agreement.

Upside
They have better plans than what we have in Malaysia (cheaper, better value for money)

PS I have personally look at some of their critical illness plans and no insurance company in Malaysia can match what they offer me in terms of money or value.

You can joint this link
https://t.me/sgfinindependence
Look for the admin name Kyith. He's a nice guy. He have psoriasis. Just message him and asked him what insurance he takes for his psoriasis.

Hope this helps.

This post has been edited by Ramjade: Apr 9 2023, 10:20 PM

The goal is use the outpatient insurance, got for outpatient treatment/appointment and get the humaira injection. Not sure if it can work.

I haven't download the PDS. Eg if you are limited to 10 visit/year. That means 10 appointment. Use the 10 appointment to get humaira injection so you can inject yourself at home.

Edited
But max coverage is RM15k. I think your humaira one year already more than RM15k.

Max visit per year = 12.

This post has been edited by Ramjade: Apr 9 2023, 10:32 PM

If you got company insurance, they cover outpatient. Only personal insurance cannot use for outpatient.

3 years old above based off the brochure. So yeah.

This post has been edited by Ramjade: Apr 9 2023, 10:29 PM

Actually paeds generally is virus infection which mean self limiting illness. They will go away on their own. Well they cover 3 years old above.

GPs are unlimited visit while specialist are limited to 12 or 6. Depending on the plan.

You can download their brochure and PD's for more info. I download it as was like wow. Finally a outpatient medical insurance.

This post has been edited by Ramjade: Apr 9 2023, 10:36 PM

Based off the PDS and brochure looks like annual premium.

If see paediatrician means consultant. You can visit 12x/year if you take the premium plan.

This post has been edited by Ramjade: Apr 9 2023, 10:51 PM

Glad I helped someone. Btw most likely it's on a pay and claim but you better clarify with them.

This post has been edited by Ramjade: Apr 9 2023, 11:03 PM

For now no. Not sure if other company will intro it or not.

At least most companies have insurance for their staff. Mine had none (pay and claim first). Typical Chinaman company.

I wonder the same too. Why personal insurance does not cover outpatient treatment and only cover hospitalisation.

If you look at other countries, the insurance cover the outpatient treatment as well.

Based off my chat with my friends, their company cover them ranging from RM30k-50k/year.

Since it's a unit trust/mutual fund, I think this answer your question?
https://unittrust.poems.com.sg/glossary/bid-offer-price/

I maybe wrong and I hope I am wrong.

This post has been edited by Ramjade: Apr 11 2023, 04:26 AM

I think when you take your premium holiday or when cost of insurance is more than your premium.

Go check out moneyowl sg. I can get from them singlife SGD500k coverage at SGD458.95/year (fixed rate) until 70 years old. You can tweak to cover how much you want and how long to cover. Of course the more coverage you choose and the longer you choose, the higher the premium.

It's quite a good deal. Why SGD500k coverage? Cause that is the min amount require for 30% discount on the premium. It's a promo valid until June 2023. Not to mention moneyowl will refund you 50% of the commission paid for the first year.

Downside you must be present there yourself physically to sign the forms. Otherwise they recognised worldwide claims and are not limited to Singapore only.

I was surprised they have lots of deals that are better (either cheaper or more value for money) than what's Malaysia side can offer. And yes they are salaried based and not commission based so they are unbiased and no they don't have ILPs.

Apart from fi.life, can check our Deartime as well.

This post has been edited by Ramjade: Apr 14 2023, 07:42 PM

ILP only good for 3 things
1. Waiver
2. Premium holiday
3. Flexible on adjusting your coverage

But if you look at it carefully, waiver don't cover all critical illness and usually only severe form aka basic critical illness.

Premium holiday, you stil have to pay up eventually. Can't go on holiday for too long.

Flexible haha. Likely downgrade medical insurance due to affordability. Do you want to downgrade or to keep your current coverage. I want to keep my coverage rather than downgrade

If you see here I never touch about the investment portion cause no need talk about it as well it's bad. Lol.

Or is it worth to get an ILP? Not for me. For those who want to burn money, by all means go ahead. I am not burning mine although buying an insurance is basically burning money and the only way to get your money back is claiming for it (which you don't want).

Just my personal opinion.

Thank you.

I am not a guru just someone who does his own investment.

Please don't chase the latest fund which is doing well. Why?
1. What's doing well now may not do well in the future. I have few real examples if you want to hear them.
2. What's doing well now may not fit your criteria or your risk.

Hint:
1.Prudential usually uses eastspring (not always). Head over to FSM My and use their chart centre and choose the fund you see available and choose 1y, 3y, 5y and if possible 10y history. Form there you can gauge how is a fund performing in good or bad times.
https://www.fsmone.com.my/funds/tools/chart-centre
A good fund is not the fund which gives the best return. A good fund is a fund that can drop the least in bad times.
2. Majority of ILP only offer Malaysia focus fund (80-90% of the time). Since 1mdb Malaysia markets have generally been flat/downgoing, you might want to look for find that invest overseas rather than choose a Malaysia focus fund.

This post has been edited by Ramjade: Apr 15 2023, 09:31 AM

Yes you can. Changing agent is your right. Call up customer service. Not sure if you need to write in. Keep in mind your new agent maybe worst or better and your new agent won't earn anymore commission already as all the commission have been earned by the old agent.

Pm this guy.JIUHWEI

I am not an agent but he is and he is very helpful even if I didn't buy anything from him.

This post has been edited by Ramjade: May 1 2023, 11:58 PM

Never mix investment with insurance. If you hang out long enough in this forum you will know that majority of insurance investment/savings plan either match non promo FD rate or perform worse than them

That should give you the answer.

This post has been edited by Ramjade: May 5 2023, 01:43 AM

Last ASM return was 3.75% pa.and if you look at past performance, it have been goin down hill for 10 years+. Yeah I know govt said going to be 4%+, ask yourself how long do you think they can sustain 4%p.a? Is it marketing to get people to buy in then drop the return in the subsequent years?

My next question ASM is paid in RM. Looking at performance of ringgit, are you satisfy that overtime you will lose purchasing power due to depreciation of ringgit?

These are questions you need to ask and answer yourself.

Disclaimer I am no insurance agent nor do I work in the finance sector. I also sold out of all my ASM holdings. Yes I am Chinese.

Ask yourself why do you want to buy it? Don't be fiol y marketing? Is it that hard to open versa or KDI save and dump in money every month? Why do you need someone to do it for you?