A good strategy to go with PJusa as it maximizes the coverage at minimal cost. If you've created a good stream of income for retirement, then you're well planned than most others.

get a whole life plan to cover the minimum you want to get cover at old age, then top up the power earning years if you are really that powerful in your earning

This should cater for either you will become great or not.

i dunno - i did that calculation too and the costs from whole life i got quoted (AIA, Allianz, GE) + the extra insurance still worked against me. i dont think i have the calculation on the PC but there was some serious overpayment involved in our case so we decided against it. might be due to the covers we didnt really want when we use single insurance i really cant remember since the decision and comparison was made almost 8 yrs ago.

Can anyone advise me wheter ING and Manulife medical card advantage n disadvantage

im 25 years old .

ING infor http://www.insured-life.com/insurance/heal...ce-premium.html
Manulife = my gf bought this .

So ING side is buy from friend which is keep persuade me buy all in 1 but i don have so much money , don feel like forcing myself too hard , so i end up DECIDE oni buy MC. ( not pro and still new less than 1 year )

Manulife side , my gf relative is agent and quite experienced by the way she talk .


Anyone can give comments and advise ?

Regards

This post has been edited by AhPinG: Mar 10 2010, 01:22 AM

Great eastern pls........ahahhaha

prefer more advise rather than stating which 1 to buy o.o
well personally i think oni buy from this 2 . and i oni need MC

buy Investment Link Plan (ILP). more expensive than MC. but is worth coz is a saving also. u pay more but u also saving more money for yr future.
ofcoz u have to pay according to yr budget also la.
u have to get a good agent so that he/she can give u a good service.
AIA, Great Eastern, Prudential etc r good but need to have a good agent also la.
I prefer not to choose ING coz it's stand for Income No Good (ING). haha...jkjk~

Yeah its on budget so i took MC instead of the whole plan .

In future if i got money , i buy savings plans . is it worth ?

or do i really need to force myself so hard atm =.=

especially since you're on a budget you should by no means by an ILP or whole life policy. so both policies you mentioned should be avoided. what you need is a medical card standalone (H&S plan) from a general insurance company. not only will this set you back only a few hundred RM per year but it will also allow you to change plans easier in the future. buy one with guaranteed renewal so you know you'll be covered. there are some good plans around but it will depend very much on how much money you can spare or how much cover you really want as to which plan will be more suitable. let me know budget / desired cover and i come up with a suggestion for you.

also please note: if you can make a claim yourself, you should buy the insurance directly. you will get 15% discount (that is what the agent gets - every year of your policy!). why waste money if you're on a budget?

on a side note:

1. if someone tries to pressure you into an insurance - run! never ever buy because you are pressured. buy only what you truely and completely understand.

2. dont mix insurance and investments. they dont mix. buy them seperately.

the main disadvantage of the plans you mentioned is that they employ forward payment i.e. you pay a more uniform premium throughout the policy life because you pay large amounts of future premiums now. general insurance goes by age bracket so you pay small money now and you will face sharply rising premiums once you reach 60++. that is why you should safe some $$ to offset future increases in the premium.

if you need more info, check out the extensive thread on H&S policies we have.

Hi Ah Ping,

In my opinion, you can go for an ILP which mean get an investment link plan + MC. You can start by as low as RM100/monthly to get this kind of plan. At least if you start this plan, you will be able to save money beside protecting yourself. Save from young age. Den older already you will be grateful because you have the saving to support you. Save when you young and capable of earning money.

so u meant choosing oni MC is better than those package .

H&S means Health and Safety ?

by any circumtance , i think 500-600 for a mc (annual) still ok la .
but if package , 1.4k- 2.4k (annual) i really need to think bout it .

ING does not have co insurance. You pay RM50 for admin fees when admitted to hospital whereas other insurance usually you pay 10% of the hospital fees.

If i choose oni MC and decide in future wheter wan to to buy savings plan , can bo ?

---

Added on March 10, 2010, 10:57 amhuh ?
u meant other company if admitted to hospital . if the total bill is 5000 , we need to pay 500 first then oni claim ah .


This post has been edited by AhPinG: Mar 10 2010, 10:57 AM

Can. Depend on your commitment. If you expect a cash valued plan, go for ILP + MC. But if you just need protection without any cash return, you can go ahead with the stand alone.

Da co-insurance. It depend on the MC plan whether it got provide you with the free co-insurance amount per year. If exceed the limit , MC will cover only 10% of the exceed amount.

Always remember to stick to your budgeted amount and don't force it on you. You'll end up wasting your money if you eventually let it go due to cash constraint.

Buy what you can afford. Dont stress on your wallet.

1 2 know which MC is the best..just go to hospital and ask the admin nurse...they will tell u which is the best MC and dont have much troublesome when the claiming process took place...

there's no best company nor best MC

choose the one which most suit you and affordable

i think i choose ING since alot ppl saying those priv hosp luv ING rather than ours .

Plus im going to take the ING Med Plan 2 . i don see any difference between ING and manulife other than ING annual = 100k , manulife = 120k . total whole life is the same at 300k .

On the side note , my friend (agent) says he will "sia sui" ( memalukan) if he oni sell Med Card . what does this mean .
he earn less if im not buying package ?
anyone know how they earning -.- was wondering how could he saying that in front of ppl .

maybe he wan to earn more?