Feb 14 2008, 09:49 PM
QUOTE(g00glesYYl @ Feb 14 2008, 05:41 PM)
ok. i am 25 yr old.
my friend apporach me to invest in ING investment link plan. This plan include the insurance plus the investment.
She say, pay RM150 per month, you will have the coverage of
100,000 - life insurance,
100,000 - pa,
100,000 - diagnosis major illnesses.
10,000 - total & permanent disability.
then some investment income.
the first 7 yr will be partial insurance and investment, the 8th yr, all you money will go to investment. then, u can get back more money after 7 yrs, of course the investment is perform good at the first place.
They offer min 2-9% of return.
what to yo think?
my case is, if accept the offer, rm150 + rm50 (medical card). Do i over-insured?
It depends on individual situation, like how much is your income, dependant, nature of work, family situation etc. Everyone is different so the need of insurance is different.my friend apporach me to invest in ING investment link plan. This plan include the insurance plus the investment.
She say, pay RM150 per month, you will have the coverage of
100,000 - life insurance,
100,000 - pa,
100,000 - diagnosis major illnesses.
10,000 - total & permanent disability.
then some investment income.
the first 7 yr will be partial insurance and investment, the 8th yr, all you money will go to investment. then, u can get back more money after 7 yrs, of course the investment is perform good at the first place.
They offer min 2-9% of return.
what to yo think?
my case is, if accept the offer, rm150 + rm50 (medical card). Do i over-insured?
One of the most important issue is the income which determine how much insurance you should get. Insurance agents surely told you this is needed, that is a must to protect, blar blar etc. But if your income (left out after daily life essential) not sufficient to pay up the premium then insurance become a burden rather than protection in this situation.
So only you post some basic information, then only others can give advice. Although advice might be different due to different individual preferences, it can be a good reading or reference what should you look for.
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