One of the many reasons ILPs, or even simple insurance products like Life insurance or PA or Term Life, seem attractive is because insurance firms have real mathematicians who understand how finance works, while the masses usually don’t understand finance.

do kaotim legasi have deductible?

I think kaotim legasi covers Iife, tpd and accelerated CI (if you opted for the coverage)

I think, deductible are usually applies to medical hospitalisation expenses.

Thus I think if you want the deductible plan, try seek out kaotim medikad.

How long of a Term policy?
At each expiry of the contract, you'll be subject to underwriting again (should you want to renew lah).

Of course, everyone would like to grow old with good health, good family ties, good cheer, and a hefty pocket.
Just take a look around, is that really the case?

Forget the concepts, forget the marketing mumbojumbos.
Let's take a good look at the statistics, and then consider:

Now that I have the option to decide the outcome, is it worth the premiums?

I'm sure everyone here has their own concerns and circumstances.
And it is only natural that some here are more disciplined than others and/or have more time to keep track on when is which policy expiring, is it paid, etc.
So the cost on the cheapest of the cheap insurance coverages, is your time and attention to be on top of things.

Specifically on Life Insurance. Buy term long enough until I am free of life's commitments, then no need care about renewal.

That's a good start.
In fact, that is a good strategy to keep to as well.

The conversation then leads to how to execute?

is there an option of having medical + critical illness only? or buy separately?

Buy separately unless you want to and willing to pay min for life insurance.

Memang ada bro

Some term products margin is higher than ilp

Well you pay more in ILP over long term. You can see the latest news and hoo-ha and you will see.

Double post.

This post has been edited by Ramjade: Sep 29 2025, 07:12 PM

I think they referring to ILP Life rather than the medical rate hike that I believe you are steering towards.

The hooha in the news is because people buy ILP. As Hafiz said they underquote so they can sell you the plan without bothering that it is sustainable or not give. Give you a cheap non sustainable plan so you will sign up. Once sign up who cares, commission jalan already. If they quote higher price people won't buy because expensive.

This post has been edited by Ramjade: Sep 30 2025, 01:40 PM

If quote higher, people won't buy because expensive... Bliss...

Then maybe that's the reason why ILP is not made available online.
It is actually a more sophisticated product that requires some depth in considerations.

If the agent underquote just to get you to buy, yes, it reflects badly on the agent; but at the same time, it worked on you.
It goes both ways..

Am I crazy to think this???

The coverage contract are based on the jurisdictions and authority of the agent only?
If the agent can under quote, the company allows that discretionary practices.
No need to go thru underwriters?

BNM had few years ago set the guidelines on some minimum sustainability period and allocation rates too.


This post has been edited by MUM: Sep 30 2025, 02:02 PM


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lol... imagine agents can decide how much to underwrite...

Well it didn't work on me cause I saw that the quote was too low and for it to be sustainable need to be around minimum 4k.

It's not much they decide to underwrite. It's how much they can quote. You can do a ILP quote for RM2k+ p.a (not sustainable) to around 4-5k and that's also you hope it's sustainable.

This post has been edited by Ramjade: Sep 30 2025, 03:38 PM

Apologies on the poor choice of vocabulary.

Agents can quote the bare minimum, and increase the premium levels too.
This is where it makes a difference in the projected account values.

I hope this clears the air.

Hi sifus, hope you can help answer this:

Given the forever rising medical charges, is there any difference with ILP and non-ILP policies if I want to update for the new costs?

For example, we have non-ILP AIA MediFlex Plan 250 with MediBoost for 1mil annual limit.
Say after 10 years, RM250 hospital room and 1mil annual is impossible to cover anything serious.

What are the options available to update? Will we need to get an entirely new policy, and be subject to new waiting period? Does this differ between ILP and non-ILP?