During this week, I will post a series of Great Eastern Insurance Life Assurance products review. An analysis will be posted everyday from Monday to Friday as scheduled below: Monday: Greatlife Portfolio Insurance (Regular premium investment-linked plan) Tuesday: Supreme Living Care Plus (Whole life living participating assurance plan) Wednesday: Great Junior/Income Advantage Series 2 (Whole life income plan) Thursday: Great Eduplanner (Education Endowment Plan) Friday: Supreme Care (Whole life non-participating plan) In this article, I will show you the details, benefits, features and popular riders of the bestselling regular premium investment-linked plan from Great Eastern: GREATLIFE ...

The statistic presented here is taken from Great Eastern Velocity Report for the period from January till March 2007. Before I start to highlight some important points to you, let's read an insurance joke. (I don't mean to offense anyone, it is just a joke) Mr. John Mumford III, a rich old man was dying from a rare disease. On his deathbed, he called for his insurance agent, doctor and preacher: "I trusted each you my entire life. Now I want to give each of you $30,000 cash in an envelope ...

From next year, the Employees Provident Fund will allow contributors to withdraw money to buy critical illness insurance. According to the full story by V.K.Chin, I found out that:the scheme is similar to personal accident plan which expires without cash valuepremium only payable up to age 55, but coverage will continue until 70. The premium will depend on the age of the insured, therefore those interested in this scheme should start as early as possible since they will be paying less premium than those in the older groupFour schemes will ...

Just when Siti Mustika Sujud thought life would be financially difficult following the death of her husband, she received an insurance payment of RM35,000. This is what she said after receiving the payment:I could not believe it at first as my husband had never mentioned anything about any insurance. But at the same time I felt a heavy load being lifted from my shouldersRead the full story.You will never feel the need of insurance protection until you need it, it might be too late.My best insurance tips:Investment Replacement Feature in ...

Investment-linked plan (ILP) is probably the first life insurance policy you buy in Malaysia if you are below age 30 this year. The new business premium collected for ILP will exceed traditional policy in the very near future. In this article, I will show you a special add-on rider that makes ILP stands out as the most wanted policy by young people. This feature is called "investment replacement". What is a life insurance rider?A life insurance rider is insurance that: is attached to a policy of life insuranceadds specified events ...

It is a common practice when anything happen to us that we think is eligible for insurance compensation, the first thing we do is calling our insurance agent. A good servicing agent will assist you with all the documents. They will meet the doctor, fill up your form, get your document certified and submit it to insurer. Superb level of service isn't it? All you have to do is only to sign a few forms of claimant. However, please appreciate what your insurance agent do for you. That's a lot ...

Recently, I received an email from a reader who is a young mother who is looking for the first medical policy for her daughter. I previously wrote to her this email: Regarding your question about medical insurance for your daughter, I am more than happy to give you the information you need. There are currently 2 kinds of medical insurance ( so called "medical card" ) available from Great Eastern. 1. Great Medicare (GMC) - This is a standalone card which means you don't have to purchase any other plan. It can be bought alone just ...

From time to time, there are certain changes in our lives that may have a significant impact on our insurance needs. We should think of it as a checkup. Most of us go for medical checkup once a year. It might be a simple blood test or a full body examination. Our financial security also need preventive medicine as maintenance. Needs change over time, sometimes it is much more rapidly than we realize. These below circumstances shall trigger us to revise our wealth protection needs. Change in Human Economic Value How do ...

After you have signed the proposal form for assurance, please make sure you also name the nominees. A good insurance agent always has his client fill up the nomination form before he leaves. When I do policy revision with my clients, I usually find some policies without nomination which are bought years ago. Let's look at what will happen to the sum assured payout if someone passed away without leaving a name in the nomination column. Here are the options for the life insurance companies in Malaysia: 1. Pay to the ...

A few days ago, I received an email asking for life insurance advice from a blog reader. I got his permission to publish our discussion here. Below is the email from the reader. Hi KC, I've a question to ask you regarding on the insurance. Currently I'm 29 years old (male) and want to buy my first insurance plan. After few comparison, i felt that Great Eastern is my choice. I am very confused on choosing the product. Two products that recommended by the agent are Investment-linked and Supreme Livin' Care Plus. ...