Honest answer. Not trolling
1. Switch funds. Ideally choose one with US exposure, minimal china and Malaysia exposure.
2. Go standalone route (that way you get rid of the baggage of lousy underperforming funds), you only get the repricing for medical inflation part. I don't hear standalone people complaining. Only ILP
3. Use gathercare if you are stil eligible (this one no repricing as not insurance and not for profit I think)
4. Switch to more expensive room plan. I already showed you the higher tier insurance usually kena less repricing Vs lower and mid tier.
5. Self insure. Set aside a fund, every month put in money into that investment. Money used for insurance premium divert it there. Can be very simple. Say your investment fund consist of public bank and Maybank stock As long as you never draw down the fund it will keep increasing vs insurance. Unlikely you will use insurance now. Likely going to use it in your 60s or 70s. That time substantial amount unless you are in 50s. If you are able to get 6 digit of passive income a year, what medical insurance do you need?
6. Govt hospital. But need to wait your turn, cramp with people and lower down service to B40 lifestyle.
7. Do a top-up lump-sum into your ILP say RM50-100k and it will stop the hike for a while. Not a route I want to take. This was advise to me by my agent when I asked about ILP. She said ILP will always increase in price and buy topping up lump-sum l, it will increase sustainability. Your money, your call.

I also kena conned. After doing research found out buy early or late more or less the same. Lol. But I buy now cause I know will use it in the future. Cause if you get illness already, too late to buy insurance already.

This post has been edited by Ramjade: Jan 10 2024, 06:38 PM

Actually you want fund with the highest return cause poor performance of fund will cause the insurance company to keep asking you for money cause your sustainability is affected with low returns fund.
Not true. You can buy standalone. I did. Of course when I ask for standalone insurance, all the agent showed me sour face except one.

The price increase when old is insurance way of being polite and tell you to get the f**k off. We have milk you enough now we don't want to pay. If you want to continue, kindly pay up.

No other way. Only way is if Tnb is your boss. They cover you until you die.

I have shared even actuarist avoid ILP. People who design ILP literally avoid ILP. You know something is wrong.

Try to talk to agent and see if you can get better plan. As long as still healthy can jump to new plan every 10 years.

This post has been edited by Ramjade: Jan 10 2024, 06:53 PM

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 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. Really nothing to sell you and they explained their reasoning why they choose to avoid ILP. Why they invest this way, etc.

You seems very pro ILP and agents. Lol.

This post has been edited by Ramjade: Jan 10 2024, 09:23 PM

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.

Yup regardless of fund making or not making money, get paid asset under management fees.

The loser is the buyer. That's why invest in asset company and insurance company. Turn the cash register around.

Now you know why I said if still healthy just change new insurance every 10y. It reach a time where you cannot change anymore (once you got some illness)

Health system maybe different but principal behind insurance is more or less the same.

They also kena repricing like crazy cause everyone admit because of insurance.

In theory. In reality nope.

This post has been edited by Ramjade: Jan 10 2024, 11:38 PM

Yes that's right. Or if you are brave just cancel the old one and buy new one and use govt hospital while waiting for the new medical insurance to mature and then you will be covered.

Won't help much. It just help to lower the premium paid but will still be hit with deductible.

That is insurance polite way of saying get the f**k out. We don't want to cover you when you are old. We have milk you enough when you are young. You want to be cover, pay up.

That's old insurance. Nowadays all new insurance cover you until age of 99 provided you can pay up the premium. Around 20-30k/year at that age. Can even go higher.

I show you how.
https://singaporeanstocksinvestor.blogspot....n-life.html?m=1
https://singaporeanstocksinvestor.blogspot....-smile.html?m=1

Like I said he is one of the blogger I respect.

It's not like keeping the money in savings account earning nothing. If you put into say mmf, conservatively can earn 3%p.a which will be worth something in the future.

Again I agree with Capt marble. Need discipline for it. Not many can do that.

This post has been edited by Ramjade: Jan 11 2024, 08:27 AM

You haven't read his blog. He have been generating 6 figure SGD income for like 10 years already. He already FIRE a long time and he even have 6 figure of cash buffer sitting in FDs, Sg govt bonds. Lots of people have don't it.(US side). Don't dismiss it.

Like I said earlier I am also on early FIRE. I am one of those people. I can choose not to work if I don't want. I am doing part time cause no need to answer to stupid bosses. No KPIs. Like I said my passive income today can pay for my 80year old premium. So think again.

Let me show you another financial blogger. In fact he posted recently in lowyat too.

This post has been edited by Ramjade: Jan 11 2024, 08:41 AM

Forex, stocks, FDs are just tool. Up to individual to use whatever tool they are most proficient one. Not all tools can be used by everyone with the same proficiency. Kindly see evidence provided and make your own decisions. I have already tagged you in the other thread.

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

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.

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

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

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

Correction. My medical insurance have no return. It's basically me burning my money.