1. Are you insured? Yes
2. How many insurance policy do you currently have? 3
3. What kind of insurance policy are those? 1 life, 1 saving, 1 investment
4. Which insurance company is preferred? HLA and ING
5. How much you pay for your premium monthly / yearly? RM2100 per month

Simple Answer: You may change job and retire one day. Will the company still pay for your medical one day when you are not with that company? Or in between switching your job?
Get your own at lower rate while you are healthy. When you need it, you may not get it.

Nope.... Not in Insurance line of work

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Added on November 8, 2012, 4:52 pmLOLZ..... like this also can.

This post has been edited by drewn123: Nov 8 2012, 04:52 PM

Broadly speaking most plan would have protection + savings + investments because the monthly premium that you paid firstly goes into paying insurance charges for the purpose of protection, then the remaining balance is saved and invested.

Very smart thinking.

Sometime, too smart on certain issue doesn't help... e.g. relationship.

i dont know a thing about insurance.. but i own one. and again, i dont know a thing about my own insurance policy.. lol.

Owning how many policy is not important.

Most important is to understand:-

-is the policy Life/TPD protection is enough to help next of kin to maintain the lifestyle for at least 3-5 years?
-any Medical plan is in the policy? Is it still enough for the next 10-20 years of the inflated medical cost? Any limitation of exclusion of the medical plan? Normally at least RM100,000 till RM1.8mill annual limit and at least RM1mil or better no lifetime limit.
-any 36 Critical Illness and Early Stage Critical Illness? Whether enough to help individual for additional medication & medical assistance in the lum sum amount.

once u answer they will start bother u i can confirm this, they will ask u to check this check tat and then ask u to change to their insurance

Yalah, what to do? The average Malaysian is severely under-insured, that's if they are insured at all. Frankly the social welfare has become a burden to our country. No reason for us to prevent insurance companies to pay out as much as they can into our pockets when disaster strikes. Everybody wins.

Maybe not change to their insurance lah. Don't listen to insurance agents who ask you to cancel one policy to buy from them. Because there are so many features and benefits let alone the cash value/dividends that were built up over the years.

Objectively, if it doesn't affect your lifestyle or other investments, it is never wrong to pick up a life insurance policy.
But if the person die also don't want to buy for the sake of not buying, maybe the person doesn't like the agent lah.

Cuz frankly, who would argue with the fact that the sky is blue and that we love our spouse and kids?

yeah.. my insurance does include a medical plan i believe. because i have the med card. but i didnt sure about the early stage critical illness.. btw, it is 1mil lifetime limit with no annual limit.. for me it is fairly enough

This post has been edited by Noregrets: Oct 22 2015, 06:47 AM

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This post has been edited by Noregrets: Oct 22 2015, 06:54 AM

Wow.... you live the "Hakuna Matata" way.
It is advise to know what you are buying/paying for at least.

Curious, why u buy 2 type of insurance from 2 different company?
Aren't it complicated? Then you have to separate your payment to 2 different company?!
As I know you only allow to do 1 claimed from 1 insurance company for a times..
Just assume that you kena an accident.. you only can claimed 1 insurance shj. Therefore, why buy 2?

Same same here. We all know that it is important to own a insurance. But somehow, insurance is too complicated already. That I direct buy friend one of my good friend. He settle everything for me.

1. YES for sure.
2. 1 insurance
3. Dun know. I guess should be all in one. Which for sure I got Medical card, PA & investment
3. I buy from Prudential
4. RM330 per month

1. Are you insured? Yes
2. How many insurance policy do you currently have? 1
3. What kind of insurance policy are those? Life + Medical Card + Investment
4. Which insurance company is preferred? Great eastern
5. How much you pay for your premium monthly / yearly? RM250 per month

1. Are you insured? Yes
2. How many insurance policy do you currently have? 2
3. What kind of insurance policy are those? ILP
4. Which insurance company is preferred? Zurich
5. How much you pay for your premium monthly / yearly? RM300