Inflation Protection Plan is too expensive for him since it is an endowment plan. I think wholelife non-par is better for him if he looking for life insurance + critical illness + medical card.

If he don't want life insurance, and only want critical illness + medical card protection. Then buy separate of each.

CI & Med card policy separate, it is cheaper this way isn't it?
It will be the same, wouldn't cheapter.
Just to know ur budget of CI + Medical card is ? Budget here means annual premium

I try to answer your question.
Your company medical benefit is medical card or 36 critical illness ?

For medical card and 36 critical illness (note: both are different types of insurance):
If your company have provide medical card or 36 critical illness for you, you wouldn't need to buy medical card or 36 critical illness now. The oldest age eligible to buy your first medical card or first 36 critical illness from insurance company will be around 60 years old (may have plus minus 10 years due to different insurance company policy). Therefore, you can start buy your medical card or 36 critical illness after you retired if you already got it now.

There are no hidden clause in the medical insurance policy generally, and insurance company or agent will inform policy holder if insurance company change the clause.

There are many types of insurance actually, I will just simply explain to you each of them:

1. Medical card - Cover the expense when admit to hospital, must stay at least one night.

2. 36 critical illness - Insurance company will pay one lump sum money to the policy holder if the policy holder detected either one of the 36 critical illness.

3. Whole-Life insurance - Insurance company will pay one lump sum money to the policy holder if the policy holder death.

4. Endownment insurance (For long-term saving) - Insurance company will pay one lump sum money after the policy maturity OR Insurance company will pay the policy holder every year after policy maturity. In addition, insurance company will pay one lump sum money to the policy holder if the policy holder death.

5. Investment link insurance (high risk) - Same as Whole-Life Insurance but Whole-Life Insurance premium is fix every months. However, Investment link premium may not fixed. Insurance company will use some of your premium to invest in fund. If good return, the money will use for your future insurance premium, Eg: you pay RM150/month now, after 10 year, you are paying RM150/month also. If return bad, you may need to top up money for future insurance premium, Eg: you pay RM150/month now, after 10 year, you may need to pay RM160/month.

6. Total permanent disability (TPD) - Pay 1 lump sum to the policy holder if the policy holder is handicapped (eg: losing two hands). Normally TPD is come together with Life insurance.

There will be some condition in each types of insurance and it is hard to type all in here.

---

Added on May 25, 2009, 12:57 amIn addition, actually all the insurance companies such as AIA, Great Eastern, Prudential, ING and so on are similar. There will be some pro and con among the insurance companies, so there are no BEST insurance company.

This post has been edited by YuNGSeNG: May 25 2009, 12:57 AM

H1N1 is cover under medical card