Good point above. I would also like to hear if anyone’s agent help adjust the funds. Mine never.

I have both non ILP plan and ILP. The 3rd and last policy was the ILP policy.

I know what to expect, I know them well enough. ILP does have the advantage of being able to change my coverage anytime. Not that I foresee changing anything immediately. Reason I chose ILP is because I want the CI and medical coverage and adding 50k of life coverage while not needed, is also not burdensome.

Do I know the investment amounts to nothing as I get older? Yes I know. I don’t expect it to give any return, it is indeed my insurance protection.

Since I don’t expect much return from ILP, I just change my funds to 100% bond fund after I had it for one year in equity fund. Now, I think of it like a somewhat temporary bank account to deduct charges for my insurance coverage. I have other equity investment. So I play defensive. Plus the return is really not great. Probably not 1% to 2% like ramjade said but I did take a Quick Look, maybe 3% to 4% last few years for some random equity fund that I picked looked through, which is still very bad to be honest. I decided at such sad return, might as well I invest in bond fund. And I think it was a good decision for me.

So, you can change your investment. Don’t have to wait for your agent. It’s really within our control. Just find out what is the procedure from the insurance company.

I can tell you the insurance that are problematic/try all kinds of ways to delay issuing GL.
GE, Cuepacs care and Micare.
Anything not on the list should be ok.

Just reminder, to everyone else.. What the above poster has mentioned here, and what mr Ramjade has also said, are hearsay and no basis. I will say even the hospital staff is also hearsay because they also don't know how the process really works in an insurance company

The conversation in the last few post seems to imply the person working at certain insurance companies or certain companies, will happily decline claims.

It's abit like the auntie talk in a restaurant, saying the worker very stingy with food, dont want to give me more tea or more soup. Honestly, if the worker is not the owner, the worker just dont give a damn. they do enough not to get scolded by boss, and they do enough to please the customer, so they would have follow the SOP set by their boss. they really not in there to save money for their boss by giving less tea or soup to the customer.

Now using this analogy and apply to a corporate setting, the employees dont go to office thinking how many claims i want to decline so the company earns more profit. the employee is there, show up, analyse claims, dont get scolded by boss, do work according to SOP, clock out and go home. To decline claim, later the hospital call, the customer call, the agent call, so much work to handle.

I dont work in claims, i just apply normal logic. We all have to remember these are normal employees. i am just a normal employee too. i dont go into office thinking how i can strategise for my employer increase profit by 30% to hit RM100mil RM200mil profit or whatever.

Yes, one can argue, what i have said also hearsay and no basis. but hey... i lay out good analogy at least..? and my past contribution should count for some credibility right?

Good night, happy new year

Please for god's sake, let's stop promoting these 100k products. Just get rid of them. They are not effective at stopping losses. One time kena accident,  kena 250k bill, what you gonna do then???