Hi All,

Just doing a simple survey on insurance. Hope you dont mind sharing.

1. Are you insured?
2. How many insurance policy do you currently have?
3. What kind of insurance policy are those?
4. Which insurance company is preferred?
5. How much you pay for your premium monthly / yearly?

Not a very popular question for No. 6 so I took it out. Just curious.

This post has been edited by Pennywise: Oct 18 2008, 07:16 PM

won't answer everything, but have car and personal health insurance from jerneh. company gives rhb insurance. and i have a hospitalization 'scheme' frm citibank.

there is also a similar survey at http://klsmihosting.com/pfp

my answers :

1. Are you insured?
YES
2. How many insurance policy do you currently have?
1-3
3. What kind of insurance policy are those?
mostly Terms
4. Which insurance company is preferred?
None
5. How much you pay for your premium monthly / yearly?
yearly 2-5K
6. What is the return of your policy?
0

are u one of those insurance agent ?

i don really get it actually..

why pay insurance now? whn u could pay later.. i mean like as u get older u pay a higher premium i get tat.. but why pay now!? isnt it abit like a waste of opportunity cost? we could use the money and invest it somewhere rather thn pay for insurance.

can someone enlighten me about this? my parents jus transferred one to me which thy paid since i was young.. to me i think its better if i pay later thn now..

U pay now, so you are insured NOW
U pay later, you are only insured LATER

U pay now, because you are insurable
U might not be insurable LATER

What is insurable? HEALTHY, without any major medical history.

The right timing to get an insurance policy is :

1) When about to get admitted into Hospitals.
2) Just before accidents happen
3) Just before getting a sickness
4) Just about to die ( out of question )

So are you able to get it in time ?

The bottom line, you have a choice not to buy also.

There are a lot of uncertainties out there, death is the only certainty.

This post has been edited by SKY 1809: Oct 18 2008, 04:33 PM

1. yes. depends how am i insured. personal accident 1 mil
2. 2
3. PA, 36CI, life (plan to set up my own retirement fund soon)
4. doesn't matter. as long agent serve me well.
5. monthly and yearly
6. i dun expect any return even as promised

wow.. true..... thanks guys.. its much clearer to me now

I am not an insurance agent. I am just asking for curious sake because I recently got approached by an insurance agent and I just want to know how everyone is doing, what kind of policy prefered and how much you spend on it per month / year.

Well, today's approach is based on NEEDS BASED, rather than hard sell.

If your NEED is much higher than what you HAVE, then there is a shortfall in your insurance coverage.

On other hand, if your NEED is smaller that what you HAVE, then you have enough of insurance cover.

Sometimes, it could be based what you WANT ( or desire ). Let say, what lifestyle do you intend to have after retirement ?

Lifestyle, living in Kampung could be diff from that of KL. Diff costs involved. Cannot compare with one another.

Sometimes, it would be on a dream, like what estates do you intend to pass down to the children, education, house etc.

Bottom line, you need to feel comfortable with the budget cos it is long term commitment.

This post has been edited by SKY 1809: Oct 18 2008, 08:16 PM

spend less than 10% of ur income would be sufficient.

kind of policy preferred would depends on whether of you having dependents or not. the sum assured determination should be realistically to your income as in how much can you survive in event that you cannot work for a year or two (inclusive of car loan and housing loan). this is called risk management

only 1 policy, i dont need more cuz im a student

My question is why should i get my own health insurance policy when my company is already providing one for me?? Is there any reason???

Depend on what kind of insurance that your company provide to you, but normally I think is Group Personal Accident. If yes, then maybe you should at least get a Medical Card by yourself.

Err...it's a health card and it's from AIA which covers my dependants as well... an agent is asking me to get a personal health insurance...that's why i'm pondering why do i need another premium?

Is there any difference between group and individual in terms of coverage??

This post has been edited by pisangman: Nov 24 2008, 08:34 PM

1. yes.
2. 4.
3. Investment linked, traditional life insurance.
4. Great eastern.
5. 5K+/yr.

Simple question - how long are you going to work for your company? Until you grow old and die?
The difference is obvious!! You cant be dependent on your company after you retire.
Think of the future, not now.

1) Yes.
2) Five.
3) Whole life, personal accident, medical card, critical illness.
4) AIA Berhad as its policy contract is more transparent.
5) Around RM 3,800 annually.

This post has been edited by lcl832002: Mar 6 2009, 03:11 AM

1. Of course
2. 5
3. 1 ILP+medical 2term, 1Endowment, 1PA
4. Prudential . . . we are number 1.
5. 5K ++