one obvious difference is the premium.. I've done the calculation for up to about 15 standalone medic plans, products offering from Life insurer on this type of medical plan is expensive..

Of course, what you pay is what you get, insurance concept never sway too much from this logic. But generally, getting a standalone medical plan from GI is cheaper.

what he meant to ask is Standalone plans offered by GI and LI...

LI - They do provide standalone medical cards.. ie. AIA (ECP+MCP, if they still offer the same), ING (I.Maxcare), GE(Medicare series)...for a few for example.

There are quite a few good standalone MC plans in the market. Of my mind you may check with AXA-Affin, Tokio Marine, or Pacific Insurance...they offer quite a competitive standalone plan. And if you don't mind dealing with purchasing yourself, without agent, why not considered a walk-in customer, you may entitle to some discounts.

There is always a scenario whereby ppl are good to practise 'pay first claim later' scenario.. there are times that agent is 'good to have', but there are also times that I think I would save a few pennies without an agent is OK too.

'moment of truth' - sounds sarcastics? Join discussion here as a open-minded forummer will gain you more reputation than being stand solely as an agent point of view. 2cents worth.

I thought Saving plan <> Investment aka ILP. Saving Plan does not do investment (ie. into unit trust). I've not seen a Saving plan's statement, but ILP plan certainly has what hitsugaya2010 described, "investment part there is a 'total insurance charge' every month. So i'm pretty sure he has bought into a ILP plan with my limited knowledge!

There isn't anything wrong with the statement I'm sure.. ILP always deduct insurance charges from the units purchased. The number of units purchased each year is done according to a scale, from first year 30%-40% up until 90% or more (differs in each insurance co.). So, in summary, 2 things happen every year in ILP product:

Let's say your premium is 3000:
1. let say 30% allocated to buy unit trusts, u will then have let say $900 in your unit trust in this very first year. (Don't ask me where the rest of 70% of your premium has gone.. it goes to commission, and to cover insurance co.'s other expenditure I guess!!)

2. insurance cost will then be deducted from the units. Balance of the units is what you get to see in your yearly statement.

It is as 'simple' as this.

unfortunately, that's how ILP works... Like I said, there is nothing wrong from the statement, it's the agent who owes you explanation..

I've purchased plans from AXA and Tokio, PA coverage certainly > 70. Pls update your database.