Received increase premium reminder, rm150/monthly extra.

is it worth to increase?

Above picture my current insurance.

Im looking for unlimited medical card.

Anyone experienced with Great Eastern ILP, can shed some light on the bid/offer prices on their website?

I'm curious to know what does "offer" price refer to, and when it is used.

Correct me if I am wrong, but by my observation, when units are purchased/sold, they are done at the bid price. So when does the offer price come into play?

i have a question, i upgraded my plan a year back and was told i need to keep my old plan during "transition".
It has some investment link plan in it any idea when usually i can get it back. my agent wasn't really able to give me a timeframe.

i have a question, i upgraded my plan a year back and was told i need to keep my old plan during "transition".
It has some investment link plan in it any idea when usually i can get it back. my agent wasn't really able to give me a timeframe.

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.

Will just reply back to you that in this thread, you guys prove my point.

Dun want to create more tension at this point. But anyone with eyes can see already.

And there are probably a few who start to wake up as seen by the reply.

The answer you could have given to me is yes, no, dunno and if yes, give me a rough idea of such a plan etc.

And the irony is, so far you never provided any. And even if you dun like me, you can also provide those answers anyway for the benefit of the others and to prove that I am an "asshole".

I guess there are probably some insurance agents that probably gaslight themselves into thinking they are helping others in other parts of the world. But. Unfortunately just not in Malaysia.

Of course I just started work. But already at the highest tax bracket. Must be an achievement right?

And looking at this logic, typical Malaysian iq really.

Super basic but no one provided me with the answer but a non insurance agent.

Actually looking at just that 1 reply towards me, I did contribute. But you guys make yourself look bad that's all.

Obviously when I said cheat, I was saying cheating "legally" like that also dunno eh.

I never said he was a criminal did I

My qtn is very basic and very simple actually if you really really know what you are doing instead of trying to just grab money from others.

u will get surrender value + bonus + terminal bonus
Terminal bonus will only show on the surrender quotation which request from GE customer service.

when u pay the premium, these 3 things will be increased as well.
u can request the surrender quotation and know the total surrender amount 1st
then wait and paid the annual premium on Sept.
and see how much the total surrender amount increased.

Hi bro,
You see the "Net Surrender Value" there?
That's your answer.

Beyond that, I can't help you.
Because I don't know you.
I don't know your financial situation, I don't know what your expectations are, I don't know the purpose this policy was put in place to achieve in the very beginning.

Until we conduct a thorough interview, this policy is just a policy loh.
You may read through the policy contract to understand the policy and how it works.
Is it relevant or not... You be the judge after you read through, because you would know yourself best.

Hi bro,
You see the "Net Surrender Value" there?
That's your answer.

hi kuwy86, if you surrender you will get the total amount here of 30k. i will advise you to keep the plan actually. it still has the life insurance coverage, should you need any life insurance in the future, can contra from here.
hi poweredbydiscuz, i do agree it is confusing. for GE, the net surrender value doesn't include bonuses. so why is it call Net Surrender Value.

the Net Surrender Value here is Surrender Value - any unpaid premium (+ policy loan interest).

So when you surrender a GE traditional policy, it will be Net Surrender Value + any other bonuses (except for Revisionary Bonus which is only paid out upon policy maturity OR upon death of life assured)

Since this policy comes with the Cash Bonus, the surrender amount should be the Nett Surrender Value + Cash Bonus as others have pointed out.

You may check if you do get any maturity benefit should you decide to keep the policy till maturity.

Didn't know that Life Insurance with Major Illness Cover can be claimed for tax relief either as 100% life policy or 60% medical policy.
In 2024, with EPF self contribution, look like option 2 is the way to go.

Story by iMoney Editorial :How To Maximise Your Insurance Income Tax Reliefs (Before The End Of 2023)
8 PERSONAL INCOME TAX RELIEFS YOU CAN CLAIM IN 2023

Are you 100% certain on this? I have purchased a policy at RM3,000 and now paying RM3,440 per annum. There is a Premium Waiver Extra rider. Are you 100% certain this is limited only to the RM3,000 initially? Wouldn't the PWE rider cost increase once I had begun paying higher premiums?

Or are you referring to a situation where the premiums are increased AFTER you kena TPD/CI and have been claiming from the PWE?

Does it auto lapse? I had the impression that one can just continue to pay the medical card fees when the funds run out.

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?

That is not my question.

Do read what I meant in the other reply.

Yes. that is what I understands.

But please don't do so.

Except that you can't do that.

Why? At the point of purchase the disclosure made was accurate

Did you mean the family member's medical condition only discovered AFTER your declaration?

No issues at all. No need to disclose too.

Because the questionnaire is asking for disclosure AT THE POINT OF APPLICATION.

Since there was no diagnosis at the point of application, there's no way of knowing.
And since there's nothing known at the point of application, naturally there is nothing to declare.

Refer to this news, missed fill up existing sum assured in proposal form.

https://www.sinchew.com.my/?p=4687695

Yes i know about it, just want to double confirm.
Just wonder when insurance companies revise the premium for medical card it does not change anything for my case right?

I mean i wont be targeted specifically for premium increase just because cash value is low.
But rather premium revision affect all the policy holder for the same plan.