It is like forcing, coercing and threatening a restaurant to give out free food with the worst possible manners, just on the pretext that others will know about the restaurant.

...
but only pay 22% tax. ...

I would consider amount of coverage for this coverage more of a concern than the 1 mil medical coverage.

TPD & Accident = 50k | Accidental Death - Additional 50k
CritiCover - CI (194) = 50k | 100k if Cancer Related, Heart Attack, Stroke

Er you know right for premium of around RM3k/year, the premium can only sustain until say 70 years old+? I have looked at great eastern, allianz , AIA, prudential. All same only.

Er again not sure where you get the data from, all good agents I talk to said don't expect your ILP to have cash value. Expect 0 value at maturity and you will need to topup along the way for it to be sustainable. How much topup around RM50k. Of course the bad agents I met said don't worry, ILP will cover everything. Lol.

HI all Sifus,

Unker got this today, it advise me to increase premiums by 80/month.

I read say can maintain but will effect sustainability, anyone know what exactly does that means?

Yes, this policy is investment linked.

You're advise to follow the increment otherwise your policy may lapse earlier due to insufficient funds.

With insufficient funds to feed the COI, confirm will lapse.

That is not my question.

say in 30 years time, the medical card component comes out to be 800rm per month, while the funds is 10 ringgit,
one just pay 800rm diligently every month to keep the whole policy alive.

right?

When the medical card fee is higher than the premium he's paying, of course will lapse lo.

It will auto lapse unless you do the recommended top up amount.

When the time comes, every year the insurer will come up with a similar letter suggesting an amount to sustain the policy to whatever age it was intended.

The insurer will not force you to pay, but come time when funds are insufficient, the insurer will still send you a letter requesting for premiums.
Without which the policy will be lapsed.

It will auto lapse unless you do the recommended top up amount.

Explain to me what you know about suggested premium increment and what happens if you don't do so.

When the time comes, every year the insurer will come up with a similar letter suggesting an amount to sustain the policy to whatever age it was intended.

The insurer will not force you to pay, but come time when funds are insufficient, the insurer will still send you a letter requesting for premiums.
Without which the policy will be lapsed.

So you mean like now my premium is 30% medical card and 70% investment, I can just pay 30% premium every month and the insurance company will allow that?

You cannot do that. You still need to pay RM810. Why? It's called investment link for a reason. You cannot remove the investment part of it. Even if your funds not enough, you need to pay for the investment part.

Whether you like the English word Suggested or not.

You got headache. Doctor SUGGEST you to eat Panadol. You don't want to eat, then you will ABSOLUTELY continue to have headache.

So, my answer is already clear enough, you don't want to top up, then your policy is ABSOLUTELY going to lapse earlier than the original term.

There, my long version.

No bro....
The main policy is the basic plan, which is the life insurance and the "investment portion".

Your main policy die, your rider how to jalan?

Clearly I did not mean the recommended top up must be paid now or the policy lapses immediately ON THE SPOT.

You are free to quote me back on what I said. I'm pretty clear on what I've said and have no problem with my English.

Wow. Didn't know about that.

But why don't do that? It will become like standalone medical card no?

That's why I'm surprised.

But Wedchar2912 seems very confident that it can be done tho.

Well, I don't need to prove that I'm right.

Same goes to @lifebalance

@lifebalance literally pouring his heart and soul into this forum, yet forumers don't seem to appreciate it.

From what I know (this is what the agent tell me, don't shoot me), if you claimed for stuff and insurance ask to pay and claim first, the time when you submit the claim to time of payment, the insurance company will send a letter to all clinics and hospitals within 40km of your house/working place, have Mr xyz have come here before. If yes for what reason? If no then you are clear. If yes, then you kantoi. Not sure how far back they can dig it up.

Someone mentioned before here before the PDPA law, insurance company exchange information with one another. Say you got rejected by insurance A and you decided to buy insurance B but you didn't tell insurance B you got decline for insurance A, insurance B will ask around other insurance company have this person been your customer? Not sure if it's still done today with PDPA law.