How much your insurance cover critical illness?
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 May 27 2025, 03:58 PM
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#1
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Senior Member
2,354 posts Joined: Apr 2009  
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Serious question...
I've an insurance that pay 100k for 36CI... I bought it during my younger age, and as for today, after many years of investment and increment in my salary, I'm able to cash out 100k anytime from my investment portfolio. At this situation, seems like life insurance isnt really very useful anymore? The only important thing in insurance is the medical card? Or im too short sighted? |
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May 27 2025, 04:50 PM
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#2
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Senior Member
2,354 posts Joined: Apr 2009
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QUOTE(dudester @ May 27 2025, 04:45 PM) I am with you on this. Isn't the policy stick together? I tot u have to surrender as a bundle.Bought CI when young, value only 50/100k . Stopped paying few years ago and use the Bonus payout to self pay. Now Bonus pool almost zero. Today i informed agent i will surrender the policy and get a payout. Plan to put it into epf. My view is if i leave it to self pay, my surrender value would be zero. Bonus interest in the policy i see average 4-5%. Same or higher i put in EPF, and i wont see it deducting to zero. For the coverage of 50/100k , it is very small and in case of emergency I have that put aside. For medical expenses, I still have medical card.  Or u surrender the original policy and start another policy with medical card only? |
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