Jul 15 2014, 03:42 AM
QUOTE(conqu3ror @ Jul 11 2014, 03:58 PM)
RM1100 annually could be a standalone medical card. As genesher85 mention, better read carefully and know what you buying.
For standalone medical plan, the premium will increase gradually & will be very expensive when come to golden age. Of cause someone hidden clause that client may not notice.
For an Investment Link plan(ILP) at age 35, a comprehensive coverage with premium monthly RM250 is pretty common. Generally ILP offer comprehensive coverage, remain the same premium till the maturity and it come with cash value (saving).
The company and ILP will not survive in the competitive market, if it is the same as RM1100 plan as mentioned.
Just hope you understand there are totally a different product.
It's good that you're reminding consumer to read carefully and spot the hidden clause For standalone medical plan, the premium will increase gradually & will be very expensive when come to golden age. Of cause someone hidden clause that client may not notice.
For an Investment Link plan(ILP) at age 35, a comprehensive coverage with premium monthly RM250 is pretty common. Generally ILP offer comprehensive coverage, remain the same premium till the maturity and it come with cash value (saving).
The company and ILP will not survive in the competitive market, if it is the same as RM1100 plan as mentioned.
Just hope you understand there are totally a different product.
Yes, you never mentioned anything about COI not increasing but when you never mentioned the increase of COI in ILP while comparing and promoting only the good point, that's the same as the so called hidden clause? There is a fine line between not telling and lie
I believe Mnet motive is to be as transparent as possible and share his knowledge since this is a forum discussion.
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