Comments on: Best Products from Great Eastern Life Insurance Malaysia

By: KCLau

KCLau — Wed, 30 Jul 2008 04:28:27 +0000

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Please be informed that this policy will be withdrawn and no longer available after 30th Sept 2008

By: SC

SC — Fri, 25 Jul 2008 18:05:36 +0000

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

By: KCLau

KCLau — Sat, 22 Mar 2008 15:07:04 +0000

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.

By: eddie

eddie — Sat, 22 Mar 2008 07:29:09 +0000

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

By: KCLau

KCLau — Tue, 19 Feb 2008 06:13:27 +0000

@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.

By: Nicholas

Nicholas — Mon, 18 Feb 2008 05:47:08 +0000

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

By: KCLau

KCLau — Fri, 23 Nov 2007 14:40:13 +0000

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.

By: Elvis Khor

Elvis Khor — Tue, 20 Nov 2007 09:49:19 +0000

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

By: Elvis Khor

Elvis Khor — Tue, 20 Nov 2007 09:42:43 +0000

Can I just purchase the H&S Plan only?

By: KCLau

KCLau — Tue, 20 Nov 2007 09:10:02 +0000

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