Why is it so hard to get this message across? Friends of mine have been so happy with their medical plus savings plan they shut me off from their first breath whenever I explain to them about basic insurance and savings.

Is it that human will only learn it the hard way? 

What does CFA has to do with Insurance or Financial Planning?

Or was it a typo error?

Here is my situation :

1) <30 years old
2)My company will provide medical benefit until my retirement for our family (56 years old)
3)Currently have no major illness
4)My worried is after retired if i still with this company i will not be cover anymore and by that time it maybe too late for me to buy medical insurance as it will not cover any illness that i already have.

My question is :
1)What i need to do?Should i buy medical insurance now?
2)If yes, what type of medical insurance should i buy?My oficcemate bought a medical insurance with Prudential with RM150+ per month.He inform me this is investment link policy.Should i follow him?I don't have a good knowledge and experience with medical insurance buy i really plan to buy one for our family but don't know what to chooose.I surf Prudential and Great Eastern benefit but there is not enough information given there.
3)Some of my friend there is a lot of hidden clause in the medical insurance policy.Is it true?For e.g. insurance company change the clause without informing us such as room eligibility, and etc...
4)Which insurance company i should choose?From the blog i heard people said that Prudential is one of the best
Appreciate any reply...Thanks....

I still can't find the answer for the following :

1)Is it medical card will only covered for the illness that we don't have?My friend inform me that even when he purchased medical insurance from Prudential, there is no medical check up done.

2)What will happen if let say we never use the service and after maturity,what will happen to the money that we already paid.Is it will be refund or it consider 'hangus' as for hire purchase insurance.Paid every year but never claim it and next year paid a new one again.

3)What is the pro and con if i only bought this medical insurance after retirement?

4)Any other good suggestion?i read the friend medical insurance policy but i don't understand it fully.is there any way i can find a simplified or summarize insurance policy in a layman term?

That or hire a Financial Planner like I did and you can get quotes from so many different company whereas an agent are limited to two Life Insurance company.

Xuzen

@Thanks Ronnie, and All. So, why would one need insurance? For saving money purpose, why not just save into bank WITH STRONG WILL and gain interests or invest in some other ways than insurance? Dont try to beat me with ways of investment elsewhere, Im into finance.

The above case 1 of two young newly wed is my friend's, not me. Im trying to guide him what would work best for him.  So, in short, why would one need insurance if
1) he doesnt care if he gets one of the 36C and died without money to try helping himself (protection)
2) he doesnt need it for investment

Does he still need it now?

Case 2 - I personally do not buy any insurance for anything, except for investment purpose, that i get certain % of return after certain years. Eg, $x will get y% of return after z years.  If you have of these products, let me know.

@Eric
No im not going to call you now n would really like to get as much info from this thread as possible.  But i like your post, it is interesting.

after reading all thread, here by i need advice on my insurance coverage:

My Profile:
Age: 33
Sex : Male
Smokng : No
Health : Okie n no operation yet since born
Budget : For 36CI only from 100-150.

Currently:
Company Group Insurance from ING
- Medical cap at annual 50K
- If Death 26x monthly salary
- Almost cover all cost of hospitalization as long as does not exceed the annual cap
- Note: It does not cover CI at all.

P.A
- 300K for self and Family, Rm550 Per year

Endowment
- RM52K for Death
- Current value is 30K

Child 1
- Medical Card, ILP type RM100 per month
- With Payer Rider

Child 2
- Endownment RM30K
- With Payer Rider

If you can see, i am definately lacking of 36CI coverage and life too. Have being approaching GE/AIA/PRU/Allianz agent, all of them provided me with the quote. Actaully too many quote that i am "blur' now.

Below is couple of question i have:
- Is it better to have 36CI as standalone or as rider in Life Policy(ILP or Whole Life)?
- My family is currently insured by company group insurance, yearly rm 300++ with the above coverage, should i
  get a additional medical card for my family now or later if i resign..?
- Some agent told me 36CI with term policy , does not give you return but Whole life non-par did? The former is 
  definately cheaper as no return, and later will give you back what you paid plus minor interest.
- Pru Multiple Crisis offer 2x claim on 36CI, what do you guy think of this one.

Insurance Agent: Pls dun advice me on getting life policy as i am looking into CI/Medical Card only. No offend yea!

Thx