chretien22
New member
Plan : A-Lifelink-i
Issue Date : July, 2019
Current Age : 32
Coverage Amount:
a) A-lifelink-i : RM52k
b) A-Plus Disability Care : RM52k
c) A-Plus CriticalCare-i: RM52k
d) Aplus Med-i : Annual medical limit balance : RM137,500
e) A plus medBooster-i : RM1.25 mil
Monthly Payment: RM 325 (I paid every quarter ie RM975)
Total fund value: Close to RM4000.
I just recently realized that my policy is an investment-linked one, and upon reviewing the details, I found out that my fund is A-Dana Balanced, with the percentage of allocation increasing each year, starting from 40%.
I've learned that I can reduce my allocation to as low as 5%, but I'm unsure if I should. When I initially signed up for this insurance, I didn't have much knowledge or concern about investments. However, after reading more, I've become anxious about whether I made the right choice. I've heard some opinions saying that investing through insurance might not be the best idea.
Now, I'm at a crossroads. Should I cancel the policy altogether, reduce the percentage of allocation, or perhaps explore other options? I don't want to regret my decision later when it might be too late.
p/s: ive edited to outline other coverage i can see in my policy
Issue Date : July, 2019
Current Age : 32
Coverage Amount:
a) A-lifelink-i : RM52k
b) A-Plus Disability Care : RM52k
c) A-Plus CriticalCare-i: RM52k
d) Aplus Med-i : Annual medical limit balance : RM137,500
e) A plus medBooster-i : RM1.25 mil
Monthly Payment: RM 325 (I paid every quarter ie RM975)
Total fund value: Close to RM4000.
I just recently realized that my policy is an investment-linked one, and upon reviewing the details, I found out that my fund is A-Dana Balanced, with the percentage of allocation increasing each year, starting from 40%.
I've learned that I can reduce my allocation to as low as 5%, but I'm unsure if I should. When I initially signed up for this insurance, I didn't have much knowledge or concern about investments. However, after reading more, I've become anxious about whether I made the right choice. I've heard some opinions saying that investing through insurance might not be the best idea.
Now, I'm at a crossroads. Should I cancel the policy altogether, reduce the percentage of allocation, or perhaps explore other options? I don't want to regret my decision later when it might be too late.
p/s: ive edited to outline other coverage i can see in my policy