Hey guys, as the above title, I want to compare a RM 150 monthly premium insurance cover.

I have a plan with HLA where my parents signed up for me previously when I was a teen....I'm wondering whether is it worth continuing this insurance, details as below :

1)HLA – Complete Link (Level Cover) – TPD & OAD, RM 100k - 79 years

2)CI Care Rider (Level Sum Assured) -36 Critical illness ,RM 50,k – 59 years * except Angioplasty and other Invasive Treatments for Coronary Artery Diseases.
*Benefit payment under this illness is limited to 10% of the critical illness coverage under this policy subject to a maximum of RM25k. This benefit is payable once only and shall be deducted from the coverage of this rider, thereby reducing the amount of lump sum payment upon critical illness. (Means I only can claim RM 5k? if I got this illness)

3)HLA Medishield II rider – Annual Limit: RM 120k (Pre-retire /Post retire Deductible : 0) -79 years :
Hospital Room & Board – RM 200 daily
Daily Cash as a result of hospitalization due to road accidents on a Malaysian Highway – RM 200
Daily Cash Allowance at Gov Hospital : RM100
ICU, Lodger ,Surgical Fees, Anesthetist and Operating Theatre Fees, Organ Transplant, Day Surgery, Ambulance Fees, In-Hospital Physician Visit, In- Hospital Physio, Pre/Post Hospital,TCM and Chiro, Outpatient Treatment ( Emergency Accidental Outpatient/Dental/Physio/Cancer/Kidney) – As charged, subject to Reasonable & Customary Charges
Intraocular Lens (multifocal lens inclusive) : Up to RM3k per surgery eye and RM6k per lifetime
Home Nursing Care: RM 60
Initial Overall Annual (Per Rider Year) Limit : RM 120k
Emergency Evacuation & Repatriation (Limit per event) – RM 250k

4) Million Extra II – Annual Limit: RM1mil
Million Extra II provides additional RM 1mil annual limit for HLA Medishield II Rider. No Claim Incentive and Emergency Evacuation & Repatriation benefits are not applicable for Million Extra II
Million Extra II does not have Non-Deductible Benefits. All benefits are subject to deductible per Rider Year of RM120k (Equivalent to the Initial Overall Annual Limit of HLA MEdishield II Rider) < What does this means? Does it mean if I go into an accident that requires claim above RM120k , then I will need to pay out the RM120k first which will come from my point 3 benefits?

5) Million Extra Booster – Annual Limit: RM1mil
Million Extra Booster provides additional RM 1mil annual limit for HLA Medishield II Rider. No Claim Incentive and Emergency Evacuation & Repatriation benefits are not applicable for Million Extra II
Million Extra Booster does not have Non-Deductible Benefits. All benefits are subject to deductible per Rider Year of RM 1.12mil (Equivalent to the Initial Overall Annual Limit of HLA Medshield II Rider & Million Extra II) - same question as above

6) Outpatient Treatment Dengue Fever & Zika Virus – Reimburse up to RM 2k

7) Personal Accident Rider – RM 100k - Coverage Period 54 years

HLA Value Fund – Allocation: 50%, Fund Management Fees: 1.45% of NAV
HLA Venture Blue Chip Fund – Allocation: 50%, Fees: 1.45% of NAV

based on their sales illustration, i will need to top up the policy premium when I hit around 43years old. currently mid 20s, non-smoker.

Appreciate all of you guys advises! I'm so new to this and I want to know whether this is worth to continue!

This post has been edited by HumbleBF: Apr 4 2021, 11:36 PM

life insurance or medical insurance?

pls tell age, sex and occupation for ease of insurance sifus to compute

else if you just want to compare...can try this yourself
https://www.imoney.my/medical-insurance

https://www.google.com/search?q=medical+ins...Q4dUDCAc&uact=5

https://ringgitplus.com/en/term-life-insurance/
https://www.google.com/search?q=life+insura...Q4dUDCA0&uact=5

for some ideas

This post has been edited by MUM: Apr 2 2021, 04:26 PM

Quite a lot for RM 1800 per year if you are young, janji you stick to non-investment policies.

My current life insurance is ILP of rm150/m
Cover 25 years sum insurred 1mil

Rule of thumb is like you pay a tenth of your salary,
that covers 10 times your annual income in event of death/disabilities.

Hmm that's not a way to find out what your insurance can cover.

Insurance coverage is based on your benefit that you're applying for, your gender, age, smoker status and occupation.

My goodness that amount is very high.

This is just downright BS.

Any individual should only ever need life insurance (quantum depends on debt to asset ratio of the individual) and a medical card. Everything else is just fluff and you are better off investing that money.

Not much if you have multiple dependents, like kids in colleges, elderly parents in 90s.


ok, happy investing and have a nice weekend.

This post has been edited by cklimm: Apr 2 2021, 10:05 PM

Should check out what your current plan covers and what's the sum insured first, as well as surrender value/value of units accumulated if any. Then you may engage a few agents from different companies to compare

Misc things to factor in: Whether you have MRTA/MLTA to cover house loan, EPF also can withdraw if you hit certain health conditions, number of dependents (that's people that depend solely on your salary, people that will literally lose a roof over their heads and no rice to eat if something happens to you)

Ok guys, tmr night, I will post the details of my noob insurance. And from what I know from my head , yes it is an investment linked plan with HLA blue chip and HLA value fund 50/50.

Then what I remember the total sum assured is only 100K

IT has a medical card tho, but I forgot the details it covers..and it has the million care rider thing which says it covers 1mil or wtv...but when I read through yesterday it has a deductible of 1mil itself (wtf means I need to pay the 1mil first?). It's very complicated to me..


I do also have a company insurance, which my company provided and they wrote it much simpler, Sum assured 30k for kidney dialysis aand cancer . + Surgery covered full and has medical card as well (inpatient and outpatient etc.)


I'm thinking of cancelling this HLA insurance plan..I do wonder whether there is a better plan that covers more with the same premium?

I'm mid 20's , non smoker

This post has been edited by HumbleBF: Apr 3 2021, 06:20 PM

hi HumbleBF, perhaps you can tell us what will be your concern in getting insurance. what do you want to be covered? take care of medical expenses? payout a certain amount in a critical event? etc...

You will have to stick with the same company forever then.

Hi All! I have updated the details of my insurance policy in my post, do have a look and I appreciate if you guys can give any feedbacks on this

Hi HumbleBF. Very detailed update. For mid 20’s, the plan looks good to me. For medical card, the annual limit is high enough (2.12M).

For life insurance and CI insurance benefit, it all depends on how much you need then.
1. Life Insurance to cover any liabilities you have which is not covered? Eg: mortgage, hire purchase, cc debt.
2. Critical Illness to provide you funds during your recuperation period if diagnosed critical illnesses. How long do you want this amount of fund to take of you?

Unless you intend to have a higher coverage, the premium would seem reasonable for the cover you currently have.

If the hospital bill exceeds 120k (Item 3) , I believe Item (4) and (5) should kick in till 2.2M

Whether is it worth to continue?
Depends on your needs. See below, his needs probably different from yours, same premium.

Looks pretty okay in terms of coverage, for someone age 25.

1. My debts right now is only PTPTN, although I can foresee incoming debts such as car and house in the next 10 years. But this is not my concern right now.
2. Hmm..do you meaan funds to cover my premium during recuperation period? Never thought of this ..

Thanks...glad to hear it's legit..

You may consider to add on a waiver of premium within the policy.

As for your current payout, it's 50k,may not be alot but depends on your budget to extend the coverage amount

This post has been edited by lifebalance: Apr 5 2021, 12:33 PM

ok that's great. so long you are sure of what you want. the CI payout fund is mainly to provide your living expenses in the event of unable to work due to recuperation from critical illnesses.

say for example my current living expenses is monthly 2k. in the event of critical illness, say I wanna have additional RM500 for supplements due to that illness, so i will need average RM2.5k per month. so say i want a fund that can take care of that RM2.5k per month expenses for 50 months, I will wanna have a CI fund of RM137k ready (factoring 5% p.a inflation).

This is just a rough idea. so you yourself know best what your concern is and what solution you need.

This post has been edited by ckdenion: Apr 5 2021, 04:55 PM

RM77/mth can cover 1m medical coverage already, including outpatient kidney and outpatient cancer. RHB insurance plan.

link please

pm you.