is investment linked medical insurance a scam?
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 Sep 13 2022, 09:39 AM
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#1
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Senior Member
4,954 posts Joined: Jul 2010  
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Scam or not, medical insurance offers a peace of mind.
As #53 says, when you need it, it's not a scam but a lifesaver. If you don't have medical insurance and you think you cannot afford medical treatment, you will delay seeing a doctor or camp at gomen hospital if something happens. |
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Oct 24 2022, 11:37 AM
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#2
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Senior Member
4,954 posts Joined: Jul 2010
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QUOTE(bogletails @ Oct 24 2022, 11:14 AM) Conclusion: If.... ILP need to pay yearly fund management fee 1-2%. Return is so so at 3-4% .. Ignorance people get mislead into buying ILP thinking the Investment can help to offset premium later. They pay a higher monthly fee to cover insurance and investment. Agent also get a higher commission. The truth is, you can actually buy a standalone and invest the extra money your own way. You can offset the premium in the future using your own investment . Pay zero fee for investment and potentially higher return if you know how. ILP is just a way for them to make more money. The fund manager charge u 1-2% every year and agent drive bmw.  Might as well say don't buy any insurance if one is rich enough to cover potential medical fee. |
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