I would also like to add on, it's abit of a chicken and egg situation. You have been through your process and you bought because you received a cheaper offer from SG for something equivalent. However, it is also unclear if what you receive was indeed mango vs mango and apple vs apple. it is also not an easy task for someone to compare insurance products.

Ramjade has some good points on highlighting for example why cash value is NOT important to him. but he also sort of explain why most people should not look at cash value which I agree.

However... cannot just also just say AIA 14k, and SG 7k and just ignore the other companies in Malaysia. also, to be fair, AIA has a more basic and cheaper product that was launched last year.

So in previous post, some argued that because AIA version has maturity benefit hence, cannot be compared equivalently. I agree because having cash value is very expensive benefit. They are some people who wants cash value. it's a supply and demand thing. you can say why AIA come up with it, but if no one wants it, AIA is not stupid enough to introduce it as well. You will be surprised how many people i talk to actually will be asking, "sooo... if i pay for 20 years at the end, i get nothing in the end???" of course there's also responsibility from agent and the insurance companies to educate, so i'm not purely blaming the consumers as well.

as for direct proof, i have none since i'm not an agent. can't do quotation but i went to Prudential's website to search. for the purpose of the discussion on this forum and for other readers.

Example

PDF file of the cost

if you refer to the PDF file for the cost of insurance, age 30, non-smoker, it's RM1.15 per 1000 sum assured. so this means that if one were to buy 500k sum assured, the COI deducted yearly is only RM575. if you buy 1million, it's only RM1150. How this will translate to premium, i can't answer. I am not able to prove malaysia is cheaper but i want to specify that it's really not as expensive as one would think either. is it a direct comparison? not really, but it's fairer comparison then the AIA example shown because it has the early/intermediate condition, late condition and also multi claim. there are still other differences but i have removed the most expensive benefit which is the "cash value".

of course, this is a rider, there will be other cost associated because they have to buy a basic plan, but if you already have a basic plan then indeed, the additional cost of insurance (COI) you will incur is as stated. then maybe the additional premium needed is not as high as well. please note COI and premium is not the same.

NOTE: i'm in no way condoning or supporting prudential, each of the big 3 players have their strength and weaknesses, but so happen their website is convenient for discussion. i also need to note, general public dont know that having cash value is a very expensive benefit

but i really dont want someone to drive 20km to buy vegetable to save RM5 either.

Vegetables you have to keep buying so 200m always is better than 20km away. Insurance you buy once and hope never to use it, so that one trip might be justified accordingly.

If you "really" follows all his postings...you will notice.

BTW, that "not so nice" to hear are subjective too.
Especially de0ends on which end of the receiving party.

P/s, ...sort of implying like he is the best/ better/ smarter/ the more correct,  etc etc ......

I wanted to ask you some time back.
Just remembered it.
Since you are in medical profession, ...
Is there a "mandatory" requirements that mandated hospital medical reports to be written in English, especially medical reports from Malaysia hospitals?
Can they be written in Malay language?

FYI, i did asked that question in this thread few months back....no response.

Thks for your reply, I will ask local hospital doctor if I happens to see them.
"Can Malay language be used in medical reports in Malaysia?"

Well, yes, he does knowingly or unintentionally tend to give off that unfortunate impression.

Still, there are nuggets of info in what he’s saying, so I learn to tune out the static and pick up on;y on the message.

Well, I think he doesn’t mean to, it’s just the way it comes across.

Then perhaps "he ruffled some feathers not only due to touching on some sacred cow".

Which lead to some recent "not so nice" postings directed at him by some

That's a lot of bullshit considering someone reported jsonting comment about Ramjade and it got removed.

You can do say and post what you liked,but I would prefer that when you tell of something, tell it in a more detailed manners. Not comment on something as if others are wrong without telling much. Then when probed for more details you tell of other non apple or non orange for comparison.

It is not helpful especially if the readers did not ask for more but just follow and believed what you tell in your brief comment.

The most recent one, was when ....
As per image, ...if i am not mistaken, it turn out that when probed you are comparing it with a non cash value sg product

Post 5597, probed and did a comparison between the 2

Then it is not definitely as per attached image...unless that post was specifically only applied to your that 3 focused things.

With these as comparison and based on it you made your conclusion?

Instead of looking into super long maths from ramjade, which i assune is correct since i dont have the ability to verify, i would argue it this way. You pay rm10 get rm10k coverage in malaysia. Or you pay sgd10 to get SGD 10K coverage in singapore. Even if myr depreciates, for the singapore policy you pay more in ringgit terms but you also get back potentially more because the claims is in SGD. If one cant afford to pay premium, the same logic applies generally, just ask the insurer, i cant afford sgd 10, but i can afford SGD5, can i get SGD5k coverage? Probably can

My only qualm in the argument is that AIA somehow either being sacrificed or suddenly being heavily advertised at the same time. The big few insurance companies are more like samsung. Samsung has almost every phone model out there for every single market type. The insurers are not "Apple" in that sense. I just dont want the ultra phone being unfairly accused of being expensive.

Having said that, in theory, no one really "needs" cash value per se. I think ramjade's maths should sort of demonstrate it. You will get better returns if you invest what you could save by buying the exact same thing without cash value. My point is still on it does not have to be a singapore plan.

Thanks for the maths clarifications.
It is more convincing this way.
Like it said earlier, when you posted something in short and assertive manners, it need to be probed/challenged further to see more.

I hope you could "save" this post for future reposting again. The maths is useful and more convincing.

BTW,  your this ideal "self put money into epf" only works for people that has your kind of disciple?
Most people would be discipled/forced or happy to pay insurance premiums. I wonder how many would be disciple enough to force themselves to put money into epf just for that?

Just beware of the no cash value pit falls of policy termination if premium was not paid in time for whatever reasons.
On this no cash value thing....just beware of plan cut off ...in case of no pay premiums.
Premium can be auto deducted from credit card or debit card, ...but but just REMEMBER to update the linkage once it had been changed.
With the ramparts virus or malware or fear of inflicted with scam "apk". One may hv self cancelled the credit card or closed the bank accounts and got a new one. Thus may unknowingly just forget to updates the insurance company.

Just a thought, just a thought..

Can someone that does not wish to see that this current insurance thread be "hijacked" for comparing    where (which country) is a better buy

Or someone that liked to educate potential buyers of where (which country) to get more worthy insurance plans

Or someone that does not which to see the current discussion (especially the maths from Ramjade) be "lost" after some time or needed to be seeked out again in future

Or just for whatever reasons, maybe like just not liked the current discussion directions of this current thread

Or etc etc, ....

Set up a new thread that focused just that.

Perhaps titled it
"PSSST, want to know where and how to get a more worthy insurance plan?"

Sort of like last time the FSM thread was flooded with discussion about FSM SG / comparisons with Spore FSM products....until someone good enough set up a new thread that solely for discussions about FSM SG.

How to buy these medical card? Finding a reliable agent is hard

Do u know any good AIA or Pru agents ?

I used the one scrutinized by a local financial blogger Mr stingy. He is also like me. We went through quite a lot of agents.

https://www.mr-stingy.com/choose-insurance-plan/

Seriously!?

In the moderators' defence, they seem to have taken the reporting business in their stride and rightfully left your post alone.

That's what I'd call a light touch - and a welcome one.

I am doing research on buying pure protection term life insurance. So far, the 3 absolute cheapest I have come across are as follows for model age 30:

Etiqa Ezy-Secure:

- RM555 for RM500k coverage
- Increasing premiums (constant until age 36, thereafter rising every year until age 80)
- Non-guaranteed premiums
- Death & Accelerated TPD
- Special exclusion: Natural death in first year
- Conventional policy

FWD Protect Direct:

- RM845 (20y) / RM955 (25y) / RM1,135 (30y) for RM500k coverage
- Level premiums
- Non-guaranteed premiums
- Death only, no TPD coverage
- Special Exclusion: War and Unlawful Acts
- Takaful policy

HLA Term Cover 10:

- RM348 (10y) for RM300k coverage (max)
- Level premiums + guaranteed renewal up to two times (without evidence of insurability)
- Guaranteed premiums
- Death & Accelerated TPD
- Special Exclusion: Nil
- Conventional policy

Unit cost per RM100k coverage:

Etiqa Ezy-Secure = RM111 (increasing)
FWD Protect Direct 20y / 25y / 30y = RM169 / RM191 / RM227 (level-premium)
HLA Term Cover 10 = RM116 (level)

I have run the numbers, they are all roughly the same when you account for the level/increasing premiums and varying term periods. The FWD Protect Direct 25y / 30y is the "cheapest" when discounted to PV, on the condition that I commit to the full 25y / 30y term period. The Etiqa Ezy-Secure is the cheapest when looking at shorter coverage periods (up to ~20 years). At 20 years, the Etiqa and FWD plans hit an equilibrium. The HLB term plan offers very good rates for the first 10 years, but for renewals the rates are quite poor (possibly due to the guaranteed renewals without evidence of insurability).

The downside with taking a 25y to 30y term plan is that you don't have much flexibility.

I am considering taking both Etiqa Ezy-Secure at RM500k and HLB Term Cover 10 at RM300k. I plan to keep my Etiqa policy till between ages 50 and 60, while I plan to terminate the HLB policy after the 10 year term period ends. The logic is that this gives me the most flexibility, and after 10 years I should have a lot more in EPF should my dependents need it. At the same time, I can choose whenever I want to end my Etiqa coverage. The idea is that sometime between age 40 to 60, I should have enough net worth for my dependents to continue living without feeling much of a loss.

Note: I also have a GE ILP with SMS-D-250. My life coverage is at RM100k, with "free" annual increment of RM1k.

Appreciate if you guys could comment on this strategy. For now, my focus is purely on death/TPD. I would welcome your suggestions, especially if I should consider other insurance plans.

We don't judge which is the best.
We do comparison with basic facts info, which is you. And plans choose to compare.

No medical plan in hand? Then grab it fast if fit your budget. Ordinary people looking for standalone usually just 1 objective which is as cheap as possible.

I will advice investment link if is for long term planning and affordable.
Standalone for short term & low budget plan.

Do declare your medical history / checkup history during application. Good luck ya.

If you think price point wise, it's fine, then you just go for it. honestly
i also want to correct somethings here. NO ONE is escaping from premium hike, be it ILP or standalone. the difference is that most people in more recent years buy ILP and most people dont understand ILP enough to begin with. hence there's some form of "availability" bias here. so then they get bombed/angry/confused by premium hike.

it's abit like saying why most male in malaysia are malays, because well, malay is the majority race in malaysia. not trying to be racist but just informing some "statistical" bias here.

Recently my ILP with medical card rider premium is being revised and I'm given 2 options by the insurance company:

1. Maintain current premium but policy might lapse earlier due to higher premium.
2. Opt for 5k deductible with new premium and policy will sustain much longer (can't recall hour many years longer)

Which is a better option to choose? Alternatively, I'm thinking about removing the medical rider and buy standalone medical card. Is this a better option than option 2  assuming that I don't have underlying medical conditions?

Appreciate the input from the insurance experts over here

The option 2 mentioned by me is the one with revised premium.

I know for ILP, the first 7 years of the policy will need to deduct the commission. No idea whether the same commission structure applies to standalone medical card.

Oh another point forgot to mention is I'm in the 50s. Advisable to still drop the medical rider and change to standalone medical card?
1. Yes
2. My suspect is that by the age of 80 and above, the COI for ILP or premium for standalone medical card should be more of me the same? Correct me if I have the wrong understanding
3. I do expect either ILP or standalone card to increase prices in the future. Just not too sure which type of policy has higher quantum of increases historically.

In short just looking at option to balance the coverage and cost over the long term

Based on your understanding/research, standalone card won't have ad hoc premium increase if the claims ratio is higher than anticipated?

guys need help

after googling.. got some bad review on kaotim . some comment say susah claim

same as generali  but not many review on generali

While I understand this is an "industry practice", albeit a really crude one, I believe this refers to the  2 year contestability period, but is this limited to just declining issuance of GL or does this actually translate to rejection of claim at the claims reimbursement stage. Anyone have any gut feel sense of the proportion of claims related to the above pay and claim later examples that were actually rejected at the claims stage?