Any medical protection plan for a family of 4 (2 adults + 2 kids)?

Prefer long coverage age for the policyholder (CI coverage and Medical card) and spouse

Cover kids med expenses up to at least 21 years old

Currently looking at AIA, A-Plus Total Health, Coverage Period= UP TO 80 YEARS OLD. Don't mind nominal amount of deductibles / policy excess

Which products are recommendable for exploring ?

Are you guys OK with fund value (of ILP, based on 5% return) not sufficient to covering the the entire policy period up to 80 years old ?

Just treat it an ILP as a term insurance ? I feel like wasted a policy, instead I can just buy guarantee renewal policy from online.

Agent's opinion is 30 or 40 years later doesn't matter if the ILP has sufficient fund value or not. but was he right?

This post has been edited by outpace: Sep 11 2022, 10:40 PM

These 2 policies were proposed, any idea which one is OK for 5 years old girl ?
Is it normal to have 10K and 50K Life Insurance having a premium differences of RM240?
Which is more suitable?


10,000 + Account Value.
Death Benefit
Maturity Benefit Account Value.
A-Plus DisabilityCare (APDC)
RM 10,000
Coverage for Total and Permanent Disability (TPD).
The coverage for APDC is up to age 70 of the Insured or expiry of the basic plan,
whichever is earlier.

RM 2,160 p.a.

A-Plus WaiverExtra (APWE)
Shall continue the premium payment in the event of TPD (occurs at age 70 and below) or diagnosed with any one of the 44 covered critical illnesses.
The coverage for APWE is up to the expiry of the basic plan.

A-Plus Health (APH)
Provides comprehensive medical coverage according to the Schedule of Benefits in the
Appendix. The coverage for APH is up to the expiry of the basic plan.

Hospital Room and Board Benefit RM 200
Annual Limit RM 1,500,000
Lifetime Limit No Limit
Deductible Amount RM 300 Per Any One Disability

Health Wallet
Yearly Health Wallet amount of RM 1,500 will be credited to Health
Wallet at the end of the rider year, provided no claim has been made in
the immediate preceding year, up to a total of 10 times.

A-Plus PayorExtra (APPE)
Shall continue the premium payment upon payor's death, TPD (occurs at age 70 and below) or diagnosis with any one of the 44 covered critical illnesses until the child
reaches age 25.
The coverage for APPE is up to age 25 of the Insured or expiry of the basic plan, whichever is earlier.







RM 50,000 + Account Value
Death Benefit
Maturity Benefit Account Value.
A-Plus DisabilityCare (APDC)
RM 50,000
Coverage for Total and Permanent Disability (TPD).
The coverage for APDC is up to age 70 of the Insured or expiry of the basic plan,
whichever is earlier.

RM 50,000

A-Plus Early CriticalCare (APECC)
Coverage for Critical Illness Events that are grouped into 36 categories with severity
ranging from low, medium and high.
The coverage for APECC is up to age 85 of the Insured or expiry of the basic plan,
whichever is earlier.

RM 2,400 p.a.

A-Plus WaiverExtra (APWE)
Shall continue the premium payment in the event of TPD (occurs at age 70 and below) or diagnosed with any one of the 44 covered critical illnesses.
The coverage for APWE is up to the expiry of the basic plan.

A-Plus Health (APH)
Provides comprehensive medical coverage according to the Schedule of Benefits in the Appendix.
The coverage for APH is up to the expiry of the basic plan.

Hospital Room and Board Benefit RM 200
Annual Limit RM 1,500,000
Lifetime Limit No Limit
Deductible Amount RM 300 Per Any One Disability

Health Wallet
Yearly Health Wallet amount of RM 1,500 will be credited to Health
Wallet at the end of the rider year, provided no claim has been made in
the immediate preceding year, up to a total of 10 times.

No A-Plus PayorExtra (APPE) for this policy

Are you guys OK with fund value (of ILP, based on 5% return) not sufficient to covering the the entire policy period up to 80 years old ?
it depends on the purpose of the policy. usually for policy with medical card then will be advisable to sustain up until around 80 years old. in this case, if want the policy to sustain longer, then just need to put in more premium. say for policies that covers only liability, for example mortgages, so long it can sustain until 70 years old is good enough since mortgage term is until max 70 years old.
Yup, maybe I was too greedy in dreaming getting cash value at the end of policy and having sufficient protection for the entire insurance period, which is very expensive in premium or impossible under the premium amount that I'm comfortable with.

Just treat it an ILP as a term insurance ? I feel like wasted a policy, instead I can just buy guarantee renewal policy from online.
if you are very clear on what protection you want, yea you can purchase online. however certain benefits/features (riders) in ILP plans are more comprehensive and not available in term insurance. if you need those comprehensive coverage then you have to opt for ILP policies
True, many riders are only attached to ILP.


Agent's opinion is 30 or 40 years later doesn't matter if the ILP has sufficient fund value or not. but was he right?
there's no right or wrong so long you understand how the policy works and if it serves the purpose within the years of coverage that you want.
I think my question can be generalized into, how would you guys (presumably PROs in insurance line or MDRT sifu) will do for kids' protection, your suggestion ? until they are 20 plus or to 60 or just get a policy that cover them until 80 years old?

I have two proposals here, both having same insurance premium RM2640 p.a., 1 with Excess / Co-insurance another don't

What puzzled me was that the both policy despite having huge difference of life / TPD coverage RM100K vs RM15K, their self sustaining year (in blue font colour below) will end at about the same time after the policy commencement year.

47th year or 45th year under Scenario Y (2% p.a.)
55th year or 57th year under Scenario X (5% p.a.)

Why or should I ask sifu here, is this normal? Or the agent can easily propose something that last longer by having other things cut or raise my expected premium ?


Policy 1:
Basic TokioMarine-iLifeSecure 2 = 100,000
Rider(s) for Life Assured
AcciShield = 100,000
iComprehensive Critical Iilness = 300,000
iHealth Income 100 / per day

iMediCare = Plan300

Saver/Co-Saver Option
= Co-Saver 10% Coinsurance: Min RM500 MAX RM3000

iLife Waiver Plus
Rider(s) for Proposer iPayor Waiver 19

Total Premium (including SST, if any): 2,640.00

Projected Investment Return Projected Sustainability Years
Scenario Y% per annum (2%/p.a.)
Scenario X% per annum (5%/p.a.)
This table above shows the projected number of years before your policy is expected to lapse due to insufficient total fund value, subject to the provision of No Lapse Guarantee.
Scenario Y% = 47 years
Scenario X% = 55 years



Policy 2:
Basic TokioMarine-iLifeSecure 2 = 15000
Rider(s) for Life Assured
AcciShield = 15,000
iComprehensive Critical Iilness = 300,000
iHealth Income 100 / per day
iMediCare Plan 300

Saver/Co-Saver Option = None

iLife Waiver Plus
Rider(s) for Proposer iPayor Waiver 19

Total Premium (including SST, if any): 2,640.00

Projected Investment Return Projected Sustainability Years
Scenario Y% per annum (2%/p.a.)
Scenario X% per annum (5%/p.a.)
This table above shows the projected number of years before your policy is expected to lapse due to insufficient total fund value, subject to the provision of No Lapse Guarantee.
Scenario Y% = 45 years
Scenario X% = 53 years

yes, I do agree good advice should not be free.
like your signature, unbiased opinion, where can I find (or to confirm that they are) these independent Financial Advisors instead of an insurance agent's office?
Many that I have seen are affiliated to some insurers, like "Wealth Planner -XYZ Insurers"

Also how the rate goes with Financial Planner?
Can I limit the scope to risk transfer / insurance or usually it's a holistic approach that including estate planning / investment / will?

OKay thanks,
so what I can read here is this is not abnormal case, in spite both policies having same premium for two vastly different sum insured, RM150K (with Xs) vs RM15K (W/O Xs).

What I prefer more is that the self-sustaining years should be at around 80th years after the policy first commencement instead of it now estimated to last only until 54th or 57th year,
is this due Insurance Agent trying to give me "lower monthly premium"?
or am I being unrealistic on my expectation, because in the end the COI / insurance premium could be adjusted anyhow by the Insurers by giving written notice say on 50th year after the first commencement? So there is really nothing call "forever self-sustaining"

Okay Keith, would just whatsapp your number if needed.
But I would guess there are many ordinary people like me are curious to know how would a Financial Planner charge their client, I don't know, I have willful ideas like "charging % based on the sum insured he asking, % based on the car he drive, % based on the estate value that in the planning, % of monthly income, or complexity of his planning or maybe on the numbers of his spouse...", sorry if these are too narrow / shallow, just my simply willful guess.
Perhaps wait until I'm more serious on confirming the scope of planning

This post has been edited by outpace: Sep 18 2022, 06:01 PM