Best Products from Great Eastern Life Insurance Malaysia

Being a life insurance agent myself, I always find out my client’s needs before I propose any insurance product. All these years, some insurance products had been withdrawn and no longer available to the market. But there are always new products launched every year. It may be a whole new plan, or just another additional rider to be attached to existing policy. Since I am dealing with Great Eastern all these years, I am much more familiar with their products. So here are some insurance plans which are hot selling products in Great Eastern. I will use an example of a new policyholder age 30, male to illustrate how much benefit he can get for paying RM3000/year premium (except for some saving plans, the minimum premium would be higher than RM3000). Please take notes that all the future saving projected are not guaranteed, unless it is mentioned below.

Investment-linked Products

1) Smart Protect Essential Insurance 2

Description: Regular premium investment-linked policy.

Example Benefits:
Death Benefit RM45k,
Critical Illness RM45k and waive premium,
TPD (Total and Permanent Disability) RM45k plus waive premium,
Health Card Room & Board (R&B) RM180, annual limit: RM100k, lifetime limit: RM2 million,
Savings value: approximately RM60k at age 55.

Attractive points:
Cashless health Card, no co-insurance, high lifetime limit,10% increase to the R&B and annual limit every 3 years if no claim

The main reason you should purchase this policy: Protect your existing wealth and also your future earning ability.

2) Smart Invest Premier Insurance 2

Description: Regular premium investment-linked policy. For Saving and Retirement Purpose

Example Benefits (Min annual investment: RM6000/annum):
Death Benefit RM10k,
TPD (Total and Permanent Disability) RM10k and waive premium,
Critical illness: Waive premium until age 99
saving value: approximately RM300k at age 55.

Attractive points:

  • High allocation for investment, hence higher savings
  • Prudent past performance.

The main reason you should purchase this policy: Protect your investment power and savings for retirement.

Traditional Products (Protection)

1) Great Ideal Living

Description: Regular premium living assurance whole life policy with participating in profits.

Example Benefits:
Death Benefit = TPD benefit = Critical Illness benefit of RM86,207,
Saving value: RM121k at age 55.

Attractive points:

  • Guaranteed increase of Sum assured,
  • guaranteed premium,
  • Option to buy another policy after critical illness claim paid (for standard life)

Very few plan in the market offer increasing critical illness protection, this is the major selling point in this plan.

The main reason you should purchase this policy : Protect your existing wealth and also your future earning ability. Can treat as alternative to FD in long term as the return is very steady too.

2) Great Maxi Protector

Description: Regular premium whole-life non-participating policy.

Example Benefits:
Death Benefit = TPD Benefit – RM284,630,
saving value: RM85,389 at age 55 (surrender value guaranteed).

Attractive Points:

  • Low premium high protection,
  • cash value guaranteed

The main reason you should purchase this policy: Funding your living trust, liability cancellation

Traditional Products (Endowment)

1) Great Income Plan

Description: Regular premium saving plan with immediate participation in profit

Example Benefits (Min annual saving of RM4447.60, guaranteed saving term 10 years):
Death Benefit = TPD benefit of RM20,000,
Saving value: RM108,000 at age 55.

Attractive points:

  • Short saving term,
  • can opt to receive annual income at the end of year 2.
  • Provide income until age 70

The main reason you should purchase this policy: Protect your investment power and savings for retirement,
Can be treated as an annuity plan during retirement, it is a saving vehicle to ensure discipline saving and spending.

2) Great EduScholar

Description: Education endowment premium plan with immediate participation in profit

Example Benefits (RM3000 annual saving for 17 years, assume child age is 1 year old):
Death Benefit = TPD benefit of RM23,000
Saving value: RM82,000 at maturity (age 22).

Attractive points:
The irresistible attractive point of this plan is guaranteed offer of FULL SCHOLARSHIP by Great Eastern should your child successfully being accepted to enter the world TOP 5 universities. This will save you at least RM1 million.

These are just a few best selling products from Great Eastern. Which product you bought from Great Eastern? Feel free to ask any question at the comment section for further details. If you are keen to find out whether Investment link or traditional plan suits you better, you can refer to my earlier post Difference Between Investment Link Plan and Traditional Plan.

This post update is contributed by Mandy Hiew, my co-author of the book Money Tips for Doctors. Contact us for insurance planning consultation if you wish.

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154 Comments

  • Leng Bee Luan

    Reply Reply July 27, 2007

    I am looking for a medical insurance policy for my daughter who is just borned. Please advise on the most appropriate product for her.

  • mohan

    Reply Reply October 27, 2007

    I am looking foward for family medical package that could placed all of my family members under one roof.

    • KCLau

      Reply Reply October 28, 2007

      Hi Mohan,
      Great Eastern doesn’t provide family medical package. Anyway, GE provide 5% discount when there are more than 2 policies in a family. The family package is available from AIA. You might want to look into that.

    • Mohd Azahari

      Reply Reply March 18, 2012

      U can check PRUguard my family from Pudential or email me and i’ll send u the brochure panama_09@yahoo.com

  • Elvis Khor

    Reply Reply November 20, 2007

    About Great Life Portfolio Insurance, what is the max claimable for out-patient Cancer and Kidney treatment? is that up to max of lifetime limit?

    • KCLau

      Reply Reply November 20, 2007

      Hi Elvis,

      It depends on what kind of H&S (Hospitalization and surgical) plan attached to the policy.

      Currently, there are 2 kinds of H&S plan with 4 different packages.
      The most popular is the ILHP (Health Protector)
      For the medium package of ILHP, i.e. ILHP150, the outpatient limit is RM15,000/year . You can claim all the lifetime limit of RM150,000, but maximum RM15k/year.

    • Mohd Azahari

      Reply Reply March 18, 2012

      Prudential’s limit is as charged subject to annual limit and lifetime limit with our latest med card PRUflexi Med

  • Elvis Khor

    Reply Reply November 20, 2007

    Hi KCLau,
    Does the H&S u r referred same as Great Medicare? because those plan within the product indicated of lifetime limit.

    • KCLau

      Reply Reply November 20, 2007

      Hi Elvis,
      No, Great Medicare is a different H&S plan which is purchased separately.

  • Elvis Khor

    Reply Reply November 20, 2007

    Can you share with me the H&S Plan with 4 different packages? U can email to my mailbox lckhor@yahoo.com Thanks

  • Elvis Khor

    Reply Reply November 20, 2007

    Can I just purchase the H&S Plan only?

    • KCLau

      Reply Reply November 23, 2007

      Hi Elvis,
      You can buy the Great Medicare plan as standalone H&S. But not the IL Health Protector, which had to be included in an investment-linked plan.

  • Elvis Khor

    Reply Reply November 20, 2007

    Do you have latest Great Medicare product? kindly email to lckhor@yahoo.com thanks

  • Nicholas

    Reply Reply February 18, 2008

    I was thinking of becoming of full fledge financial planner. But there are too many companies in town offering insurance. What do you think? Which agency offer comprehensive guidance and practice total financial planning, I meant inclusive of mortgage, tax planning and trust will.

    Please tell me which Insurance best serve the above purpose.

    My friend was telling me about ING? What do you think? I was informed they have got home and business financing…Please comment.

    Should you free, you can also call me at 014-6401398.

    Thanks

    Nicholas Low

    • KCLau

      Reply Reply February 19, 2008

      @Nicholas

      I think there is not much difference between different insurance companies.
      If you are a capable person, you will succeed regardless of what company you are working with.

  • eddie

    Reply Reply March 22, 2008

    hi Mr KCLAU,
    You think there is not much difference between different insurance companies?
    Why Only AIA provide family medical package. GE provide 5% discount when there are more than 2 policies in a family. other ins com plan also difference…
    agent from prudential like to sell me investment link product with medical card. GE agent and allianz agent like to sell to saving plan, something like endowment plan.
    my age is 31, if i only want to cover life for 3 million,what plan is suitable for me, and cost how much? because investment link plan not accept it..
    thanks for your reply

    • KCLau

      Reply Reply March 22, 2008

      Hi Eddie,Regarding your question about insurance:

      1. You think there is not much difference between different insurance companies?Why Only AIA provide family medical package. GE provide 5% discount when there are more than 2 policies in a family. other ins com plan also difference…

      You are right about the difference of plans. And basically every company’s plan is competitive. Example, you want a family plan. Only AIA provides family plan. GE don’t have family package. So they provide individual limit and different term plus the 5% discount. What I mean is that you can get a thorough protection from a single insurance company. Comparing different plans in Malaysia will require you to meet 16 different company’s agent. By the time you did all that, probably you will get the most suitable plan you like.It is wiser to focus on what you need on protection, but not what plan that you think is the best.

      2. agent from prudential like to sell me investment link product with medical card. GE agent and allianz agent like to sell to saving plan, something like endowment plan.That’s the problem with insurance agents.

      Product-selling is what cause the problem above. Some agents only want sales. Finding a good agent is essential.

      3. my age is 31, if i only want to cover life for 3 million,what plan is suitable for me, and cost how much? because investment link plan not accept it..

      Why is that investment-linked plan not accepted? For your age, GE’s Greatlife Portfolio Insurance (also investment-linked) can give you RM3 million protection with premium RM8000/year.GE’s cheapest term insurance for 5 years term will cost RM8340/year premium. In my opinion, investment-linked is the most cost-effective in your case.

      • Saravanan

        Reply Reply May 21, 2014

        Greetings KCLau,
        I’m looking for similar plan. pls advise

        • Jacky Phoon

          Reply Reply June 10, 2014

          Hi Saravanan, You can refer to Prulink Million introduce by Prudential. Please provide me ur DOB, smoking status, and occupation at my email just4tmcat@gmail.com. I can advice you in this area if you want to have such a coverage and will give you a total financial planning advice. Thanks

  • SC

    Reply Reply July 26, 2008

    I , 39yro, non smoker, crane driver, would like to know if I want to get RM 500K sum insured on supreme care covers death, total permanent disability, how much is the premium?
    Thank you

    • KCLau

      Reply Reply July 30, 2008

      The premium is RM7225 p.a.
      Please be informed that this policy will be withdrawn and no longer available after 30th Sept 2008

  • amy

    Reply Reply February 16, 2009

    I dont understand about the new product from Great Eastern..AddVantage Plus, Invesment-Link product

    • KCLau

      Reply Reply February 18, 2009

      @Amy,

      AddVantage Plus provides guaranteed increment of sum assured.
      The increment is 5% per year until the sum assured is doubled.
      Let’s say you buy 100k now at age 30, when you are age 50, your guaranteed protection is 200k

  • sky

    Reply Reply March 3, 2009

    hI, i’m 31 yr old, working at shipyard, have some querry here:

    1) how much premium is needed to get a supreme living care plus 60K insured?
    2) Knowing that there is a new Smart Medic Card, is it better to buy smart medic or IL Health Protector?
    3) Is buying standalone medical card better or buy IL health Protetor? Thinking of high insurance charges at the older age, where we may want to cancel the policy during that times. Medical Card will be a concern then. We might be forced to continue pay high insurance charges to sustain the IL Health Protector medical card. what is your advice?

    Thanks

    • KCLau

      Reply Reply March 4, 2009

      @ sky,

      a) The premium is RM2145/year for age next birthday 31 male
      b) for young people like you, I would recommend ILHP – it is cheaper, without co-insurance. And we can’t be worried about 50 years later. The medical industry, policies, ruling etc may have changed a lot by then.
      c) I would prefer ILHP. It is true that at old age, insurance charges are ridiculous. You can reduce the basic sum assured to the minimum required at that time to keep your policy from paying too much insurance charges.

  • Soh Siew Ken

    Reply Reply March 17, 2009

    I need policy for my child age 12 years old.Please recommend a policy for me.Thank You.

    • KCLau

      Reply Reply March 17, 2009

      @Soh,

      It depends on what you want and need for your child.
      The basic need is medical insurance and some education saving.

  • Amy

    Reply Reply March 23, 2009

    can u explain on new product of great eastern ‘great multi cash’ ?

  • wai

    Reply Reply April 9, 2009

    Quote ” c) I would prefer ILHP. It is true that at old age, insurance charges are ridiculous. You can reduce the basic sum assured to the minimum required at that time to keep your policy from paying too much insurance charges.”

    When I was age 27, I bought investment linked plan with IL health protector. After read the above comment, can you advice me when is the ideal age to reduce the sum assured?

    Where can I get more information about the ILHP from the internet? I have totally forgotten how is it operated and what is covered?

    • KCLau

      Reply Reply April 9, 2009

      @ Wai,

      When is the ideal age to reduce the sum assured?
      My answer: It very much depends on your need at different stage. The insurance charges schedule shows that it starts to increase on age 40 onwards.
      I guess when you retire (maybe 55, 65 or later) and not producing active income anymore, reducing sum assured will make sense.

      I have the brochure. You can contact me (find the form at the header tab) via email to get the brochure of ILHP emailed to you.

  • senny

    Reply Reply April 16, 2009

    Hi Mr. Lau,

    I have been buying Prudential Medical Card for both my father and mother in law for the past few years. I was wondering if it’s possible to buy only Medical Card with no other benefits from GE. and wat is the price. could you be kind enough to assist me in that?

    Male 1957 Smoker
    Female 1960 Smoker

    • KCLau

      Reply Reply April 17, 2009

      Hi Senny,

      GE do provide Standalone Medical Card. But since you’ve been renewing the Prudential medical card, it is advisable to continue with it.

  • Alvin Ng

    Reply Reply April 24, 2009

    Recently, Im doing a research that regarding the retirement plan. There are some doubts that make me confusing around.
    Can you do me a flavor that illustrate the differences between GREAT GOLDEN CARE and GREAT MULTICASH ?? your reply will be appreciated.

    • KCLau

      Reply Reply May 6, 2009

      @ Alvin Ng,

      Great Golden Care – immediate annuity plan. You put in a lump sum now, and get income distribution every year onwards. – suitable for retiree.
      Great multicash – is the reverse of Great GoldenCare. You put in money every year for the terms (15, 18, 21 …. years), and withdraw a lump sum at the end. – suitable for young people planning for retirement saving.

  • Mrs Seow

    Reply Reply May 19, 2009

    Hi Mr Lau,

    I would like to buy Medical Card for my 2 children
    Son age 23 years old
    Daughter age 18 years old
    Could you please let me know the premium.

    Thank you.

  • Elva

    Reply Reply May 29, 2009

    Hi Mr Lau,

    I’m 24 years old, i would like to know is Great Eastern provided any 3+1 plan? like medical card, life and saving? I would like to know further on that, eg. premium. Thanks..
    Further info can email to my account, TQ in advanced!

    • KCLau

      Reply Reply June 1, 2009

      @ Elva,

      I think you are referred to a plan that can provide all the benefits – protection and saving.
      In this case, investment-linked and some traditional whole life plans can be packaged for that purpose.

  • Rachel

    Reply Reply June 16, 2009

    I heard about GreatLife Essential Lady only yesterday which i already pregnant for 6 months now. Am i still eligible to buy this insurance? urgent!!! tq

    • KCLau

      Reply Reply June 19, 2009

      @ Rachel,

      You can still apply for Grealife Essential Lady if I am not mistaken.
      But don’t wait until 8 months pregnant, or else you will only able to apply after 1 month delivery.

      There will be a premium loading between 6-8 months pregnant.

  • Sue

    Reply Reply June 16, 2009

    My father now age 57 the next coming year is Age 58. My father did not buy much ins. Last year just bought a new critical illness ins from ING cost RM5k+ (cover 50k + every yrs sum insured will increase ard 20% depend on the table) . We just realised that he did not have his own medical card. Now we would like to buy a medical card for him in Pru but we have not enuff money to buy such premium that inculde ING. What ins can we afford? WHich shd we buy cri or med?

    • KCLau

      Reply Reply June 19, 2009

      @ Sue,

      To choose between Hospitalization & Surgical benefit (H&S) or Critical Illness cover, H&S should be the priority.

  • Sue

    Reply Reply June 20, 2009

    Tks for informing. Will arrange to Buy H&S fr Pru. But the CI oredi paid 1 year liao. Do u have any CI that r cheaper premium? Would like to quit. Any suggestion?

  • Kylene

    Reply Reply June 28, 2009

    Hi KC Lau
    I chanced upon this site while searching for tips to consider when purchasing medi-card. I already hv Great Life Essential Lady – I wld like to purchase a Medi-card and is very confuse on what I shld be looking 4. I am thinking abt medi-card cos recently my bro has a heart-attack n I know my husband wont be able to afford the cost if anything happen to me. However my ins agent keep on pushing GE comprehensive Medi-card to me.. but I already hv GE Essential Lady… I know I need a medi-card but what type? Comprehensive or standalone????

    • KCLau

      Reply Reply June 28, 2009

      Hi Kylene,

      There are pros and cons for both.
      Standalone medical card has the problem of premium renewal. I fear that when it is time to renew the card and somehow we forgot to pay the premium due to any technical problem, the coverage will lapse and need to reset all the waiting period.

      For my personal preference, I would like the medical card to be bought as a rider in an investment-linked policy.

  • Joanne Ng

    Reply Reply July 2, 2009

    Hi, I would like to know the difference between Livin’Care, Supreme Livin’Care & Supreme Livin’Care Plus policy. What exactly is Livin’Care policy about? Is SLC sum insured will increase while premium remain the same just like SLC Plus?
    thanks

    • KCLau

      Reply Reply July 2, 2009

      Hi Joanne,

      They are more or less the same thing, just different version that slightly change a little here and there.

  • Thai

    Reply Reply August 10, 2009

    Hi Mr KC Lau
    Here my situation-
    I’am age 45.My company cover all my family’s medical ins.
    If i want to buy medi+hospi+surg – cI for myself,what do you suggest?
    I heard a lot of policy didn’t enough to cover ( surgical fee ….)
    My budget arr. RM3000-3500.
    Thanks

    • KCLau

      Reply Reply August 10, 2009

      Hi Thai,

      FYI, Hospital & Surgical (H&S) benefit is different from CI.
      H&S cover the hospital expenses, but CI benefit pays you a lump sum in case of critical illnesses.

      For your case, you can buy both benefit separately. Talk to an insurance agent to find out more on the products available on the market.

  • Christopher

    Reply Reply August 13, 2009

    Hi KC Lau

    I can see their your new website is getting more interesting.

    Previously I had issues with the GE Medical Card’s guaranteed renewal clause subject to policy available in the market. Just would like to check what is the latest development and is there any alternative suggestions to address this concern.

    Appreciate your kind advice.

    Thank you.

  • Sam

    Reply Reply August 15, 2009

    hi KC Lau,

    My brother was a healthy person. He is 38 yrs old and a non smoker. He is married and planning for no children. He was looking to buy a medical health insurance / Life Insurance from Great Eastern and he can afford to pay the premium of RM5800.00 annually. What is the minimum insurance coverage for someone like him? And what kind of insurance plan would you suggest the best for him?

    Thank you.

    • ronald

      Reply Reply October 19, 2009

      I would suggest he buy Standalone Medical card premium RM787 which cover RM200 R&B annual limit RM120,000 n life time limit RM480,000.But the premium will increase on medical card every 5 years.If his budget is RM5800,i think he should put the rest in critical illness which the protection cover will increase.

  • mira

    Reply Reply September 26, 2009

    dear KC Lau,
    I want to purchase a policy for my 4-year-old daughter that can cover her education, health, medic-card, savings and also life. Is there such plan/policy? how much should i pay per month for that? from the lowest premium to the highest please.. tq so much

    • KCLau

      Reply Reply September 28, 2009

      You can get a policy that covers all the benefits you mentioned. The lowest premium can be found on investment-linked product, as low as RM100/month
      There is no upper limit though.

  • crizz khor

    Reply Reply October 25, 2009

    Hi

    I wanted to get a MHI policy (medical card) and combination with education insurance for my child (7 mths old). Please advice which types of MHI is the best especially MHI?

    Please reply via email.
    Thanks and best regards,
    ck

    • KCLau

      Reply Reply October 26, 2009

      Hi Crizz,

      I would advice to have a medical card attached to a life policy as a rider rather than standalone medical card

      • Paul

        Reply Reply December 25, 2009

        Any reason why?
        I would really like to know the advantages/disadvantages of both standalone Medical card and rider Medical coverage.
        Thanks in advance

        • KCLau

          Reply Reply January 12, 2010

          Normally, insurance company offer better package and rate for rider Medical coverage. The main concern is the continuity. It is higher risk that standalone medical card would lapse after 30 days when you forget to pay premium on time.

  • Ang

    Reply Reply October 29, 2009

    Dear KC,

    I’m 25 years old OL looking for a suitable life protection & savings plan.
    Other than GJA (minimum 10 policy years,4% cash payment) and G.Multicash (minimum 15 years,survival benefits every 2 years), what are the main difference of these 2 products?
    how many % is the survival benefits and how much is the minimum premium of G.Multicash?

    Thanks.

    • KCLau

      Reply Reply November 3, 2009

      Ang,

      GJA gives you annual income until death (something like a pension). – suitable for retirement savings
      Multicash has a fixed tenure. You will get a lump sum at maturity. – suitable for education savings, business startup funds savings etc.
      Depending on your age, G. Multicash lowest premium is around ~RM500/year

  • Oscar

    Reply Reply December 19, 2009

    Hi ….
    I just heard from an agent from great eastern that the company offers a very good saving plan… { GJA 3 }
    For example .. premium a year is RM 12,000 and its for 10 years. After that i’ll be getting RM 5,522 every year till 87 year old.
    Im just doubting that this plan really exist ? Cause i cant find any evidence or black and white to backup this plan ….

    I would appreciate and really thankfull if u can clear my doubt ..
    thanks …

    Regards…

    • PasserBy

      Reply Reply December 21, 2009

      Oscar,the RM5522 consists of half guarantee and half non-guarantee bonus,non-guarantee is based on company performance.So far never heard of GE paying less than they promise.There’s one form for you to sign for guarantee 10 years as well,so you don’t have to worry.I bought one GJA3 as well but not as much as ur agent offer you.

  • Lau

    Reply Reply December 19, 2009

    I feel my CI not enough. Is there any CI sell standalone ?
    I am 36 years old non smoker. Female.
    I looking for RM100K protection cover. How much the premium ?
    Is the premium change every year?

  • Confused

    Reply Reply January 19, 2010

    My GE agent have been advising me to upgrade my current existing medical plan IL Health Protector tagged to my unit link policy with a limit of RM150k per life time to Smart Medic which provide higher life time limit.
    My concern is that the Smart Medic is subject to co-insurance while my current existing plan is not. On top of that , there is a concern on the waiting period in case of illness happening within the 120 days of inception. My agent mention on the conditional waiver of waiting period which allow me to claim if there is any illness during the 120 days. However when I check with the customer service they claim the offer have expire and any upgrade will be subjected to the waiting period.I am not sure which to believe in.

  • YOUVARAJAN

    Reply Reply February 4, 2010

    IM A NEW AGENT FROM SEREMBAN. IM WORKING FOR GREAT EASTERN. PLS GIVE SOME IDEAS ON HOW TO PROMOTE MYSELF TO THE PUBLIC. TQ.

  • Christina Robert

    Reply Reply February 10, 2010

    Hi Mr Lau,
    I want to buy education plan for my daughter, the fund should be almost sufficient for her to do medicine in uk. She is 9 yrs old now. Please suggest good policy for her. aAt the moment i have 2 insurance for her under great eastern. Please advice me.

    • McKey Cheong

      Reply Reply February 10, 2010

      Hi there Christina Robert,

      Good thing that you already have 2 policies for your daughter.. Thats a pretty good headstart. For most cases Id highly recommend GJA (does any of your 2 policies consist of GJA already?), especially on kids, the younger the better.. You pay the premium for first 10 years and after that GE will pay you a certain amount until youre 80+ year old. Hows that for a savings plan.

      However, for your case you needed an education plan, Im willing to help you on this, but Ill need your figures (budget, and estimated study cost).. You can a href=http://www.mckeycheong.com/contact-me rel=nofollowcontact me/a here and Ill get in touch with you within 2 days!

  • PC Yeoh

    Reply Reply February 28, 2010

    HI KC,

    I have a question about GE IL-HP150 plan. Can you advice me what is the co-insurance term of this plan? How much is the co-insurance?

    Thanks.

    • KCLau

      Reply Reply March 1, 2010

      ILHP is no longer available to new customer. It doesn’t have the co-insurance condition, meaning you can claim almost 100% of the medical bill.

      • Lee

        Reply Reply June 15, 2010

        you said : “ILHP is no longer available to new customer. It doesn’t have the co-insurance condition, meaning you can claim almost 100% of the medical bill.” than how about ILSM ? is it the co-insurance ? what the different between ILHP & ILSM ?

        • KCLau

          Reply Reply June 15, 2010

          ILSM got co-insurance but higher limit.

  • Ash

    Reply Reply March 16, 2010

    Hi, I’ve signed up for an ILP with Great Eastern with its Smart Medic as the medical rider.

    I just found out that it’s yearly renewable. I’ve heard of people not being able to renew their medical cards after they’ve made a claim. Will this happen with Smart Medic? I’m very worried that I might lose the medical coverage in the future. Please advice.

    • KCLau

      Reply Reply March 17, 2010

      Smart Medic is guaranteed renewable.

  • Eve

    Reply Reply March 18, 2010

    Hi KC,

    Does GE still sell GJA? How different does it compare to Allianz PowerWealth? I was recently approached by Allianz agent who quote me 20k a year for 8 years. The guranteed annual payment is 5% sum assured starting 9th year till 90 years old.

    Can I cash out 90% of the accumulated paid premium like my own saving 20 years later without invoking loan interest from the insurance company as the agent claimed?

    I m female non smoker. Thanks.

    • KCLau

      Reply Reply March 21, 2010

      I would say these plans are very similar. It doesnt make much difference buying from either company.

    • KCLau

      Reply Reply March 21, 2010

      If you intend to cash out 20 years later, there are two way
      1. Surrender the policy –
      2 policy loan – this will incur interest

  • nursyima

    Reply Reply March 20, 2010

    I want to buy a medical insurance for my son age 2 months old…Ive been thought that Great Eastern Medical Health Insurance got 10% co-insurance that policyholder need to pay if warded…is it true? please advise…

    • KCLau

      Reply Reply March 21, 2010

      Yes. Now all the medical plans from GE got co-pay. Those without are no longer available. But policyholder who bought it earlier can still renew.

      • deprettyme

        Reply Reply April 7, 2010

        Hi,

        As I was told that medical card premium will increase by age bracket no matter it is newly purchase or an old one.If the medical card i buy during the age of 23 (currently 28), when it is being renewed, the premium will increase rite? The price range of the premium will it be based on the current medical card age bracket or the price based on the old age bracket range?

        • KCLau

          Reply Reply April 7, 2010

          it depends on your current age .. the older you get, the higher you pay for medical card premium.

  • Nita

    Reply Reply April 3, 2010

    Hi, what is the best savings plan without any medical coverage for my son age 9. What will the min premium be & what will the return be?
    2. Is there any package for mum & child? what is the min premium & for how long?

    Thanks.

    • KCLau

      Reply Reply April 5, 2010

      Hi Nita,
      You can basically get a plan for education savings with premium as low as RM100/month.
      There are two major choices – investment-linked and traditional endowment.
      For something safe, choose endowment. For potential higher return with higher risk involved, choose investment-linked.

  • Chi En

    Reply Reply April 27, 2010

    Hi!
    I am 29 yrs old, non smoker and looking for a medical and savings plan..Can I also but a medical plan for my 63 yrs old dad..please assist me..

    • KCLau

      Reply Reply April 30, 2010

      Hi Chi En,

      Where do you stay? I can refer an agent from my team to discuss with you.

  • Ejump

    Reply Reply April 29, 2010

    HI…
    I hv 2 children..i need medical card for them n my self wt no limit..hw much?n what type coverage u can offer me.thks…please advice..

  • PJ

    Reply Reply May 10, 2010

    Hi,

    I plan to allocate RM200/mth on my insurance. Currently I do not have any. However, my company do cover me on life and medical insurance. What policy would you suggest to me from Great Eastern?

    Thank you.

    • KCLau

      Reply Reply May 11, 2010

      Hi PJ,

      It depends on your need to propose the suitable plan.
      Please email the following information to me at insurance@kclau.com

      Name:
      Contact No:
      Date of birth:
      Occupation:

      I will get a trust worthy agent to have a discussion with you.

  • Mrs.Jay

    Reply Reply May 21, 2010

    Hi,
    I would like to know more about GreatLife Essential Lady and how much need to pay each month.???
    Thank you…

    • KCLau

      Reply Reply May 24, 2010

      Hi Mrs. Jay,

      You can contact me at insurance@kclau.com
      Please provide the following details:
      date of birth:
      occupation:
      where do you stay?

      I will get back to you.

      • Lingeswari

        Reply Reply May 28, 2010

        Hi,

        II would like to know more about GreatLife Essential Lady and how much need to pay each month too..?

        Thank you…

  • chanyyee

    Reply Reply May 24, 2010

    Hi,

    Just stumbled upon your site. I recently heard that for GE insurance, the older one gets, the higher premium they have to pay, not talking about getting a new insurance policy. As in already having one. is this true?

    Also, I understand that with a GE insurance, when hospitalised, one cannot upgrade their room (not even if the policy holder is willing to pay the difference of the room rates). Is this true as well?

    Thanks.

    • KCLau

      Reply Reply May 26, 2010

      I think you are referring to the medical card (hospitalization and surgical benefit).
      The premium does increase according to age.
      When policyholder upgrade room that cost more than the coverage, the co-pay will increase and no maximum cap.

  • sheila

    Reply Reply May 31, 2010

    hi KC

    Pls advice for hse mrta if buy with bank it will be burn by the end of period but what if i take with insurance company, what coverage do you suggest, and which company sld I go for? pls advice!

    thanks
    sheila

    • KCLau

      Reply Reply May 31, 2010

      Hi Sheila,

      It is more flexible if you get insured with personal life insurance plan.
      The plan you can consider is whole-life non-participating plan and investment-linked policy.

  • joanne

    Reply Reply June 1, 2010

    Hi
    I heard that GE policy getting better (cancer/kidney treatment no longer limited). I would like to know more about this product. Mind to share?

    • KCLau

      Reply Reply June 1, 2010

      products are modified from time to time to be more competitive. Send me an email requesting the info, I will reply with relevant info.

  • faizal

    Reply Reply June 2, 2010

    I have an MAA Medivise plan.

    I have heard horror stories about such plans, where the insurance companies refuse to renew the following year if there’s a claim a previous year or they find technicalities not to honor the claim, reason being group insurances have the lowest value to them.

    I am worried as my H&S is covered by this, while I have an investment plan separately with GE.

    Any advice will be helpful, should I terminate the group and take up a medical card with GE instead?

    • KCLau

      Reply Reply June 2, 2010

      If possible, have an individual medical card coverage as a backup.

  • usha

    Reply Reply July 15, 2010

    hi…i’m looking for a savers plan for 5 or 8 years. Is there a savers plan that i can withdraw my money with returns at the end of year 5 or 8.

  • John

    Reply Reply July 16, 2010

    Hi Sir,

    I would like you advice on how much i should go for an Insurance Policy which gives me return at the same time also covers (Life,Medical, Investment, endow). My age is 25 do you think getting a (400-600Monthly) policy is good ? where else looking a return at the age of 40. Well i need your advice on this.

  • Kit

    Reply Reply July 20, 2010

    Hi Sir,

    I would like to understand more about the Great Eastern New Product, which this product that I newly heard – is a saving plan (not very sure the plan name), is this same as Unit Trust? have this capitaland?

    • KCLau

      Reply Reply July 20, 2010

      Kit,
      I think you are talking about the plan – Elite Builder. It is an endowment saving plan, not similar to unit trust.

  • Su Ching

    Reply Reply July 20, 2010

    So is Elite Builder a recommended product? Shall I go for 20 years or the shortest 8 years?

    • KCLau

      Reply Reply July 21, 2010

      It is an effective saving product.

  • azmir

    Reply Reply August 29, 2010

    can you suggest any policy that can offer the highest protection for a long term but with a low premium.Do the supreme care is just the only policy from great eastern that can offer this criteria??

    thank you

    • Netmask8

      Reply Reply August 30, 2010

      Hi,

      Get high protection payout for beneficiary and cheap premium. Go Google search website and look for Term Insurance ..

      Have a great day.

      • Netmask8

        Reply Reply August 30, 2010

        Then, talk to insurance agents A, B, C, D ..etc and request many information
        about term insurance plan.. ( either term level or yearly renewable ) .. Cheap, non-forced saving, no investment plan and do not require ALL-IN-ONE-PACKAGE.

        For male age 30 years old ( non- smoker / drinker ), level term insurance plan for 25 years old for RM300K plan ( c/w 36 critical illness ) cost less than RM1K yearly.

        For yearly renewable term insurance plan for RM300K plan ( c/w 36 critical illness ) , it cost about RM 250 .. As the age increase (mortality risk) yearly, the yearly premium will increase accordingly too. BUT still very cheap compared to ALL-IN-ONE-PACKAGE.

        Have a great day.

        • Netmask8

          Reply Reply August 30, 2010

          ht tp : //en.wikipedia.org/wiki/Term_life_insurance

          ht tp://www.smartmoney.com/personal-finance/insurance/term-or-whole-life-8011/

          May choose to have protection at your own needs. Protection plan at 2 years, 5 years, 12 years, 18 years, 22 years, 30 years ..etc

          I like yearly renewable term insurance plan which is very attractive & cheap. Level Term insurance plan is fixed premium cost for number of years protection.

          have a great day.

    • Anthony

      Reply Reply November 29, 2010

      Muz be understand ur current age 1st. can be pm me to my email address. i will do a summary for u. thx

    • kimangel

      Reply Reply February 17, 2011

      No,if u need Highest protection low premium ,u can choose our new product Smart Portfolio.
      u must let them know your age , Occupation , and etc . they will calculation the best price for u. U also can contact me at Facebook. THX..

  • segaran

    Reply Reply August 29, 2010

    hi sir,

    i need to know , can i take a insurance if i had a pacmaker to treat my slow heart beat.

    • Kc Lau

      Reply Reply November 11, 2010

      Hi Segaran,

      The insurance company underwriters will request info from your attending doctor to make decision. You can try to apply to see what is the result.

  • Sam Yeoh

    Reply Reply November 11, 2010

    Hi,

    I am 34 years old. Married with no children. A healthy non-smoking female. I am doing my annual medical check-up every year. I am looking for a insurance that will protect my future earning ability, medical and savings. What insurance would you recommend with the annual premium of RM2000 that fits my age group and profile?

    Looking forward for your reply.

    Thank you.

    • Kc Lau

      Reply Reply November 11, 2010

      Hi Sam Yeoh,

      If this is the first policy you buy, I would recommend to have a combination of Investment-linked protection plan plus a traditional 36 critical illness plan.

      Contact me at insurance@kclau.com for further discussion.

  • Sara

    Reply Reply December 2, 2010

    Hi.. I am a 44 year old female, looking to get myself a Medical Card…(better late than never) I’ve had GE’s Life Insurance since 1994. Would appreciate your advise. Thanking you in advance.

  • Eddy Lee

    Reply Reply March 17, 2011

    Hi… I am a 30 year old male, looking for my family (wife(32)son(4)son(0)),insurance policy and investment for their future benefit or usage. Any advise for my future planning.

    • Onnie,

      Reply Reply April 24, 2011

      Hi Sara,
      How much is your budget? If your budget is below rm 1500 (yearly), you can go for GMC 2 with 360k protection whole life.

      For further detail, you can contact me at annie_smiley2000@hotmail.com
      Thank you.

    • Onnie,

      Reply Reply April 24, 2011

      Hi Eddy,

      For your case, I would like to advise you to go for ILP for your wife and son protection. the early you buy for them the cheaper the premium for yearly.

      Please contact me at annie_smiley2000@hotmail.com for further detail.
      Thank you.

  • Selva

    Reply Reply November 6, 2011

    I am looking for a medical card policy + investment. Please recommend a policy.
    I did met some of great eastern agents but the clarity are not good in expalaning. My annual budget is RM 5000.0. My priorities medical + savings. My age 41, engineer.
    What would be the best to gain the maximum of the benefit?

    Selva

    • Mohd Azahari

      Reply Reply March 18, 2012

      NO CO-INSURANCE WITH PRUDENTIAL LATEST MEDICAL CARD – PRUFLEXI MED

      OVERVIEW OF PRU FLEXI MED

      1. What is PRUflexi med? (updated 20/02/2012)
      PRUflexi med is a comprehensive medical plan that allows customers to customize the benefits to their individual needs and budget. It is a regular premium investment-linked medical rider that reimburses medical expenses incurred in the event of hospitalization that comes with the following features:

      • 112 combinations to choose from – PRUflexi med gives you the flexibility to choose your preferred level of coverage. Pick from 7 Hospital Daily Room & Board Allowance and 16 Annual Limits options, then create a plan to suit your needs and budget!

      • Hospital Daily Room & Board Allowance – If you are staying in a room & board that is lower than your chosen Hospital Daily Room & Board Allowance, we will pay you the difference in cash as an allowance. What’s more, this benefit will not reduce your Annual Limit!

      • No more BILL SHOCK! – You can choose the ZERO deductible option and need not share out on eligible cost when you are hospitalized! You can also opt for a PRUflexi med plan with a minimal fixed deductible of RM300 for lower premium.

      • High Lifetime Limit at 20 x Annual Limit – PRUflexi med lets you claim up to 20 times your Annual Limit per lifetime.

      2. What are the basic plans that can attach PRUflexi med? (updated 20/02/2012)
      PRUflexi med is attachable as a new medical plan or second medical plan on PRUlink one and
      PRUlife ready.
      Attachment to previous versions of investment link plans (4PAA, 5PAP, 6PAP, 7PAP) will be available at a later date, which is to be advised. The rider is currently not available in juvenile plans, traditional policies, ULP and bancassurance policies until further notice.

      3. How do we select PRUflexi med benefits? (updated 20/02/2012)
      Customizing PRUflexi med to your customer’s need is as easy as 1, 2, 3 & 4!

      Step 1: Decide on your Hospital Daily Room & Board Allowance amount.
      Choose the amount of Hospital Daily Room & Board Allowance to cover for your accommodation in a hospital.

      Step 2: Decide on your Annual Limit amount.
      Set the amount of Annual Limit which you will be covered for every year. This is the maximum amount of total costs of eligible benefits (excluding the cost of daily room &
      board) that will be paid by Prudential every year for your hospitalisation and surgery bills.

      Step 3: Decide on your Deductible amount.
      Choose the amount of deductible that suits your preference – zero or RM300 deductible.

      Step 4: Decide on your benefit term.
      Choose the age to which you would like to be covered until from a choice of 70, 80, 90 or 100 years old.

      Interested? Kindly email me at panama_09@yahoo.com

  • diana

    Reply Reply December 19, 2011

    hi there,

    i would like to find is there a product of insurance which cover an endownment and medical.but more to any endownment plan.with a low premium?

    • KCLau

      Reply Reply December 20, 2011

      Medical plan (if you are talking about H&S hospitalization and surgical benefit) can be a rider that’s attached to an saving policy.

      Please email your contact to insurance@kclau.com to schedule an appointment with one of my trusted associates.
      Thanks

  • Charanjeet

    Reply Reply December 23, 2011

    Hello,

    Sir, I hold an endowment policy from Great Easrtern and will mature in another 4 yrs time. I would like to know that if instead of taking the sum insured can I renew the said policy for a further say 5 yrs maybe.

    Being a single mother and with my low income I want something that can save me some money with paying a low premium too.

    Actually looking for a part time job but also checking if this can work, I mean renewing the policy.

  • Peter Wee

    Reply Reply April 7, 2013

    Hi there.

    I am wondering if it is possible for a Singaporean to purchase life insurance products in Malaysia, even if they are not working (only visitor) or staying there (no Malaysian house or property)?

    If yes, are they covered worldwide?

    And also,are they restricted from purchasing certain types of policies? Example medical, term, critical illnesses etc.

    Thanks.

    • KCLau

      Reply Reply April 25, 2013

      @Peter Wee, most insurance companies underwrite insurance application of Singaporeans as if they are Malaysians. For more information, it is recommended that you ask directly to the insurance companies’ representatives.

  • khairun

    Reply Reply March 30, 2014

    Dear Mr Lau,

    I have a question which I seek your assistance.

    I have insured my children when they were small. Due to financial crisis I have stop. Will there be any amount which will be return to them upon their maturity. I am unable to contact the person whom I dealt with.

    • KCLau

      Reply Reply April 3, 2014

      Hi Khairun, if you stop payment of premium, the insurance company will use your policy cash value to pay insurance charges. When all cash value is used up, it will lapse. So regarding your question, there might be some value upon maturity if you’ve paid the policies long enough (at least 7 years and above, depending on the type of policies).

      If the cash value is already used up, the policy can’t sustain and there will be nothing left for the children.

    • Andrew

      Reply Reply June 19, 2014

      I am a financial planner from Great Eastern in KL/Selangor.
      May I have your contact number so I can explain to you the plan that you are looking for
      or you can email your personal contact at osphotic@gmail.com

      Thank you and regards,
      Andrew…

  • Shirley

    Reply Reply April 14, 2014

    How can I claim if I would like to get doctor consult and later surgery at Singapore? I need to pay first or just shown them the medical card?

    • KCLau

      Reply Reply April 14, 2014

      @Shirley, it couldn’t be cashless if you own a Malaysia medical card.

  • Somi

    Reply Reply April 29, 2014

    Hi,

    I would like to take up an Education policy for my daughter.
    She will be 3 this year.
    Pls advice which is the best policy that is offered by insurance company in Malaysia at present.

    Regards,
    Somi

    • KCLau

      Reply Reply May 19, 2014

      @Somi,
      It is hard to say which policy is the best. It is very subjective because each policy gives slightly better feature in different area. I suggest that you talk to a financial adviser to have some policy comparison done.

  • Saravanan

    Reply Reply May 21, 2014

    Greetings..I’m 30 yo guy. non smoker. non drinker.
    I’m looking for medical card with high coverage and sum assured including all critical illness. My budget is min 4k/yr & max 6k/yr. Pls advise.

    • KCLau

      Reply Reply May 23, 2014

      @Saravan, I have sent you a personal email.

    • Priya

      Reply Reply June 24, 2014

      Hi Mr.Saravanan, I’m sure Mr.Lau has sent you a quotation in regards to your query. If you’re also interested in comparing with other insurance company, pls don’t hesitate to contact me. Good day to you :)

  • Jeremy

    Reply Reply May 27, 2014

    I would like to know more about these two plans from GE:

    1. Great Eastern Living Pay Scheme

    2. Great Eastern Living Pay Plus Scheme

    Thanks.

  • June

    Reply Reply June 16, 2014

    Hi KC,

    I would like to buy a standalone medical card for my dad. he is 62 year old this year. May I know any plan provided? Thank you.

    • KCLau

      Reply Reply June 16, 2014

      Hi June,

      Normally medical card is only available to those under age 60.
      But I think there are a few plans that is available to senior citizen. You can check with any Licensed Financial Planner that has financial advisory license to deal with multiple insurance companies. I personally don’t have access to that.

    • Andrew

      Reply Reply June 19, 2014

      I. am a financial planner from Great Eastern in KL/Selangor.
      May I have your contact number so I can explain to you the plan that you are looking for
      or you can email your personal contact at osphotic@gmail.com

      Thank you and regards,
      Andrew

  • jayden

    Reply Reply July 6, 2014

    Hello,

    my age is 45, if i only want to cover life for RM300k ,what plan is suitable for me, and cost how much? non-smoker

    • KCLau

      Reply Reply July 16, 2014

      For the cheapest life-covered plan, depending on how long you want to get covered, Investment-linked plan is something you can look at – very cost effective.

  • tpl

    Reply Reply July 8, 2014

    Hi KC,

    For Smart Protect Essential Insurance 2, may I know when the term ‘no co-insurance’ started?

    I have this ILP since Dec 2012. My agent didn’t update me about this.

    when I undergone GERD operation in hospital, I have to pay all fee at first due to policy still under one year, R&B in my policy is RM 150.

    • Andrew

      Reply Reply July 9, 2014

      No co-insurance is the new plan called SMX (Smart Medic Xtra)
      For further details, you can reach me by my phone number 0169004878.

    • KCLau

      Reply Reply July 16, 2014

      @TPL, it depends on what is the medical rider attached to your Smart Protect Essentials.
      It is most like Smart Medic – that has co-insurance.

  • cel

    Reply Reply July 18, 2014

    Hi, is that Smart Medic Extra is guarantee renewal? As I see from the quotation from agent has a clause “portfolio withdrawal”. Is that premium will increase if my age getting older or make any claim from critical illness?

  • Chai Ken G

    Reply Reply July 29, 2014

    Hi KC,

    Appreciate much if you could help on this question.
    Can the Transforaminal Lumbar Interbody Fusion cost (including the implants-screw) be claimed under GE SPEI2 plan? seems like nobody can answer this question.

  • phal

    Reply Reply August 14, 2014

    Hi KC Lau. Am interested in getting a medical card considering its a must. Bought life insurance many years ago but without medical card. Now my preference a low life with TPD, CI and Medical card with not investment link Am 44 years old and not smoking. Which company offer the best package? appreciate can PM me. Thanks

  • Ragu

    Reply Reply August 21, 2014

    Hi KC Lau,

    I’m 37 years old, none smoker & class 1. I wish to get an life policy & concentrate more on coverage rather than savings as below:

    Life: 500k (with TPD)
    PA: 500K
    Critical illness: 300k
    Medical card: 150 limit per annum

    Pls advice how much the premium will be, thanks.

    • KCLau

      Reply Reply August 30, 2014

      Hi Ragu,

      Kindly email me using the “contact” form or “support” ticket so I can get my associate to contact you for more details.

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