I think few years ago BNM had already had them made a more stringent projections by narrowing down their projected numbers??



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No.. haha. it is standalone. Almost 30%

ILP only 15-20

Some agents actually don’t care if u wanna buy standalone or ILP. And some agents are pushing u to buy standalone because later in life when u thinking of adding life or critical illness. They will just ask u to buy a new plan. Life 1 plan. CI 1 plan.

The beauty of ILP is that u can delete add on rider and still keep the policy. Maybe waiting period la need to start Balik. But other than that. ILP is ok.

As for the sustainability. Ask ur agent to choose the lowest risk funds as to not oversell the returns. I know some companies can promised as high as 10% per annum. Gila.

They give that table. 2%p.a return and 5%p.a return. All ILP have that.

Yup...

Just pass the cost to customer

Insurance company won't lose $$$ one 😏

BNM only request them to give projections and follow up, which they did.

But accuracy of the projections? You know I know.

Ramjade, I think if I can remember correctly, the commission rate is not that low....
Did I remembered it wrongly?

Perhaps ask BNM to tighten the projection "range"??

Mine since 2014… i think around 2019 they did offer increase medical limit, pay extra 10% but i dunno if this count ls as repricing since my limit increased. I suspect is just the agent trying to get commission again. He’ll prob hunt me down soon again…

Orang Malaysia lead an unhealthy lifestyle and they claim insurance a lot. This what learned when I was in the insurance sector.

This causes the premium for others to increase.

More or less the same. Few % difference I believe. But it matters if amount is large and volume is large.

Another stuff simple flu, cough all get admitted. Lol.

the more premium increase, the more income for private hospital.
like KPJ heathcare near 3 billions income for 2022

Is it not something like 55, 45, 30, 25....
Reducing yearly for a few years?

All also reducing and no commission after 7 years. Those no commission have coverage of RM20-50k. You can buy that directly online.

Is the insurance reliable say when you need it the most when there is no agent to follow up for you?

Or is the insurance agent basically using the same escalation protocol as you like calling the same support line/raising ticket.

How much a value agent can bring to you VS without? anyone walked through these experience on their own before?

Projections are only projections and can still result in their funds making losses. one only can hope the fund manager doing their job properly.


yes wait till the insurance company rejects the claim on the first try and nobody coaches you or the doctor how to rewrite the medical report to get the claims back. good luck navigating all the turns while you are half dead on the hospital bed.

That is why some people suggested going for just online purchases to avoid having agent experience

Some had positive agent experiences , some had bad agents experiences too.

Agent is useless in my opinion. But you can't get rm1m+ coverage without going through agent.

That's why don't let them decline your claim. Be truthful. Wait 2y until after purchase insurance to use the insurance. Pay on time.
After 2y generally no issue.


This post has been edited by Ramjade: Jan 11 2024, 09:54 AM

In MYS all projection from all insurance company is the same.
You need to ask your agent to give you the previous year fund performance and management charges then you make your own decision.

Don't put into more than 1 fund, as the management charges alone could be high

Unfortunately certain plan need to be sold by agent only due to the license, especially those policy with returns

My medical insurance got no return. But no way I can buy myself online i have tried.

This post has been edited by Ramjade: Jan 11 2024, 10:13 AM