Hi, I've my own style of buying insurance plan. Maybe you could study it and see whether it is useful to you...

I bought total 3 policies from AIA through a same agent.
The total premium is approx. RM600 per annual.
The policies include 36 major illnesses, medical card and personal accident.
All 3 policies are yearly renewable, in other words, it will burn every year and it'll only continue back after i pay in the year end.
So far, I've paid for almost 5 years and the premium remain same without review.
In these 5 years, I'd went for 2 surgeries and they cost me around RM14K. All are claimable back from AIA through the same agent.

I choose this way of insurance coverage because I strongly believe we could only buy their insurance service but not their investment/ saving services. Otherwise, you'll end up buying a costly insurance with lowest investment return.

I don't mean everyone will agree to my style but i think it maybe good to share to you all.

Thanks.

Wah....., RM180 per month? it seem a bit burdening for an average working class people.

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Added on April 6, 2009, 4:46 pmYou need to check with the agent whether they have such plans now (as I've said I bought them at 5 years ago).
But please bare in mind that, there are a few things below need to consider first before you buy short term policy like mine:-

1. The premium will be higher in each year according to our growing age (the older I am the more expensive the premium).
So far, it is yet to apply on me. It maybe apply in the next 10 years time when i reaches 40++.

2. The premium will be reviewed each year accoding to your health status.
I bet it the insurance company will consider it although it does not spell out in the policy. Anyway, since they covered my surgeries fees (approx RM14K) for two years ago, I bet they don't dare to touch my premium. Why? Common sense, they are more afraid that I'm the one who refuse to continue the policy since they've paid me so much...

3. Must get a good agent (full time, experience and more senior position).
Simple. Your medical fees claims are all depending to this guy and his influence on the insurance company decision is carrying much weight.

Hope the above may help you too...
Cheers!!

This post has been edited by aloony: Apr 6 2009, 04:46 PM