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Insurance Talk V7!, Your one stop Insurance Discussion
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 Jan 31 2021, 02:24 PM
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#1
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Senior Member
1,542 posts Joined: Jan 2005 From: Seri Kembangan  
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Jan 3 2022, 04:41 PM
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#2
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Senior Member
1,542 posts Joined: Jan 2005 From: Seri Kembangan
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Need to ask expert here. I have this old insurance policy from GE- Supreme Living care 20 years ago. Since I have bought other policies with higher protection and thinking of terminate this policy. How to calculate how much i would get back? Surrender value only or surrender value + cash Bonus?
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Jan 4 2022, 11:08 AM
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#3
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Senior Member
1,542 posts Joined: Jan 2005 From: Seri Kembangan
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QUOTE(Holocene @ Jan 4 2022, 11:55 AM) Easiest way, call up customer service or walk in a branch to get your answers. The branch now need to pre-book the appointment. Otherwise walk in will be long queue. Thinking any agent here Best, Jiansheng  would be able to explain. |
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Jun 9 2023, 01:05 AM
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#4
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Senior Member
1,542 posts Joined: Jan 2005 From: Seri Kembangan
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For insurance, if we fully withdraw the cash bonus or surviving benefit, will the policies being terminated. Any other impacts if we perform withdrawal if policy still in force?
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Jun 9 2023, 11:00 AM
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#5
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Senior Member
1,542 posts Joined: Jan 2005 From: Seri Kembangan
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QUOTE(adele123 @ Jun 9 2023, 09:18 AM) For old participating policies, you should be able to wothdraw the cash bonus. Usually other cash payment also withdrawable with no impact aside from you missing out on the interest. Thanks for reply...as i reckon withdraw all cash bonus and surviving benefit and put into EPF would get better return rather than leaving it in the policy.The reason i'm commenting is because these are just general guides. Ultimately you should read the contract and understand your policy because it can vary. What other terms and conditions should somethinf happen. |
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Jun 9 2023, 12:03 PM
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#6
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Senior Member
1,542 posts Joined: Jan 2005 From: Seri Kembangan
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QUOTE(lifebalance @ Jun 9 2023, 11:36 AM) As long as you're not surrendering the policy it will not terminate the policy but if your intention is to deplete the policy to put into EPF then it may impact the policy to be unsustainable. Could you explain further on ` it may impact policy to be unsustainable`. Currently have 2 policies under G*. One already finished payment after 10 years paying. The yearly yield around 4% only. Thebother is life policy and still keep paying premium even though can utilize cash bonus to pay the premium. |
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