Hie. I'm new here..I'm planning to get insurance soon and I've met agents from AIA, GE and Prudential. However I still can't find the one plan that suits me.

My budget is not more than RM 200/mth. I've been proposed both the ILP (by Prudential and GE)and traditional plan (by AIA). I'm concerned about having to pay higher premium for ILP when I grow older although its has ample coverage for now. As for the traditional plan, the sum assured is not that high (it's ok to me) BUT the hospitalization benefits is in a separated plan and the premium is burned every year. So. as I grow older, the hospitalization plan's premium will increase as well and to make it worse, it's burnt yearly! Btw, are hospitalization separated in ALL traditional plans?

I've done the calculations, the amount that I have to pay for both types of insurance till I'm 55 years old is around the same. The traditional plan proposed by AIA to me is a 'guarenteed payment till 55 yrs old only'. After 55 years old, they'll roll the $$ to cover my premium (That's wat I've been told by the agent). For ILP, there's no guarantee how long the $$ dat I've put in over the years will cover me after 55 yrs old. Depends on d economy at dat time, if it's really bad, then I may have to continue paying my premium, maybe at an even higher price.

I'm looking for a protection ONLY plan which is not burnt every year and the premium does not increase as I grow older...I'm not sure whether a plan like this exists..so I hope there's someone out there who can share some info with me. Many thanks in advance

Thank you for your help!

Btw, I was worried about the news of AIG not doing well. I asked my agent and he said there's no need to worry about it as AIG is a separate company from AIA. But in d proposal letter that he printed for me it stated AIA as 'An AIG Company'. So, if AIG's having problems, shouldn't AIA be affected too?

This post has been edited by rednails: Mar 10 2009, 12:07 AM