interesting...touch wood my ilp havent kena increase yet under aia lol if kena, i'll prob just cancel...enough of the ilp rubbish...

There are always will be someone going against any topic.

Just because of some "certified" people says it is good...do you fall for it that that things really suits you?

Just bcos some actuaries or doctors says it is good...

Agents are busying using your premium to fly here and there. The best way is to avoid agent, buy online directly from the insurance company. Be aware of agents sweet talk, just buy the basic. Reduce unnecessary premium. Just buy another plan from another company. Or coz ur agents will black face and tell u that u will waste ur current plan becoz u already bought it early.

Bro, even FIRE bloggers in Singapore also advised against taking ILP. These people got nothing to sell me. No course. They just blog to share experiences.
......

go look for the statistic of insurance sales of ILP vs standalone....
perhaps can get more input

they have nothing to sell to you but they may not provides the FULL pictures...

ILP sells.

They memang got nothing to sell. In fact people who follow these financial bloggers end up better than asking banks or agents or financial planner. I have been seeing their posting for years already. They are legit.

they memang have nothing to sell to you but they may not provides the FULL pictures...

just like some people that from their "experience" promotes money games or stock trading or forex tradings etc etc....
they don't sell those products to you,...but they may not provides the FULL pictures

Is teaching people how to plan their own financial journey or investing in diversified etf not provide full picture? I think they provide more than enough picture.

agents obviously prefer to sell ILP due to the commission payout to them. No need to waste time in trying to figure this part out. and naturally insurance firms prefer ILP as it gets to grow its asset management biz as well.

This succinctly captures the vicious cycle! It's a death spiral I'm sure!

Regarding ILP vs STANDALONE.

This is a data that I got for standalone plan...just for discussion sake

I don't hv the ILP version,....I only got the data for the standalone plan.
In 2011 age 39, premium was 930
In 2024, age 52, premium is 3430

For a coverage of 300k lifetime.

In 13 years, the quantum of increase is just staggering ....$2500 or 268.8% increases.
( every year about 20% increase??)

Looking at the quantum of rate increases, I believes the premium may reach 5k in another 5 yrs at age 57, then may even reach 10k at 68.
The chances of needing medical claims would be alot higher at age 68....insurance company will be happy I cannot continue to afford paying the premium ...

If one is not wealthy, .... May really "eats" into the budget of the retirement plan.

I always envy those that had bought the 1 mil standalone med coverage at young age....hopefully they can hv the mean to sustain it before they die

Just hopefully someone can provides comparison of the quantum of rate increases of ILP Vs STANDALONE plan .

What is lower cost or cheap to buy now may not be so after the premium increases...

Bro, even FIRE bloggers in Singapore also advised against taking ILP. These people got nothing to sell me. No course. They just blog to share experiences.
I wish that is true. Medical insurance with limit of rm1m+ need to go via agent. Those no need medical insurance usually limit is RM100k+.

Also the only insurance with 1m+ limit which don't need agent is Fi.life (partner with Generally Malaysia)

ILP supposed to sustain the same premium for the number of years promised in the policy. outdated insurance policies should be dumped and renewed. either new policy or change insurance company.

why are you comparing singapore to malaysia?    we have different healthcare systems

ILP supposed to sustain the same premium for the number of years promised in the policy. outdated insurance policies should be dumped and renewed. either new policy or change insurance company.

that is i suppose to be the same for standalone policy too....but they have a clause inside that mentioned they can increase the premium at anytime they want too

when you change policy or insurance company,...do take note of the "no coverage" period or periods that will be subjected to detailed scrutiny if you claim.
lagi worst, they may not covers you preexisitng illness if any