Things that are inside the policy contract but isn’t in the quotation
If you’ve been admitted to a hospital before, have you wondered why the specialist come to see you twice a day, but not less and not more? That seems to be the norm,...
General
How Banks Blindside you in Broad Daylight if you’re a Financial Idiot
If I were to offer you something that gives you 25% return in 15 years, would you take it? Most people first reaction would be – ‘YES!’ then they will be...
KD+30M+IF = Insider Formula to Rapid (& Safe) Weight Loss
“But why I want to lose weight in the first place?” Because every few weeks, we got new AskCF members who asked in their very first question: ‘I am in urgent...
How to Survive the Stock Market Post GE14
Impacts of Pakatan Harapan’s GE14 manifesto on sectors and stocks. Consumer goods sector to be resilient in 2018 and 2019 as the new PH government is expected to abolish the...
EPF-approved funds with foreign exposure: Complete performance comparison table
Updated 15/2/2018 This table is computing the total returns up to end 2017 if you were to invest RM 50k into the list of EPF-approved unit trust funds with foreign exposure,...
Best cost efficient medical card for elderly parents
I always got an equal number of inquiries when it comes to buying a medical card for: Your children Your elderly parents In your opinion, which one should we prioritize over?...
How we helped a client get his insurance approved without loading/exclusion
I am sure you are aware of the outcomes below when it comes to insurance application: Approved per standard case, as quoted (best case scenario, standard premium, full...
Get your credit application Approved like a Pro
Don’t underestimate this knowledge on how to get your credit application approved (or never rejected in the first place). Let me put you in a situation. You discovered a...
How to help your parents get 2x FD returns from their savings
Have you been in a scenario where a retired/non-working elderly parents/relatives always hunt for the best fixed deposit deals from banks to park their retirement money? They...
How to ‘use’ your parents to get more money back from the right tax relief
In this month’s episode, I answered the questions: What is the evidence required to claim the 3,000 parental tax relief from 2016 to 2020…(remember, you...
A 92 y.o. was ‘slaughtered’ by an insurance agent 30 years ago; daughter helpless
Before all these money scams / pyramid schemes became popular, one of the common methods to save & invest for long term is via insurance savings plan (aka endowment plan)...
The lies you’ve been told about value investing practised by Warren Buffett
The “conventional wisdom” has always been that Warren Buffett’s success can be explained by his stock-picking skills and his discipline. And that lead people...
Copy & Paste this Framework to Construct your Financial Roadmap
People always asked “how do I know if I can sustain my lifestyle until my twillight years with what I already have?” In other words, they are looking to quit or...
Webinar Recording: Shortcut to getting world class investment returns
Profitable + consistent annual returns in long term investing doesn’t have to be a scary, frustrating experience. This is your ultimate shortcut to getting world class...
Private Equity Investment Update – case studies
Back in Oct 2015, I did a webinar with KCLau (recording way below this page), educating the public about the legitimate form of private equity investment in Malaysia. These...
[Case study] Is it still worthwhile to buy medical card when you are older?
Considering the cost of current medical procedures now and future medical inflation, is it more worthwhile to either self-insure myself or buy a medical card? I got asked the...
Medical cost & claim amount in Malaysia (2014-2015)
When we buy and maintain a medical card, we must know the estimated costs of common medical procedures in private hospitals. It could vary from one hospital to another. The...
Insider information – Mortgage loan process and approval criterion
The below is a detailed scanned presentation slides outlines the following aspects in mortgage loan application & approval: Classification of high risk occupations How...
Mortgage Calculator w/ Principal Reduction Visualization
The loan calculators you obtained online (like iMoney or Loanstreet) will tell you the difference in total interest paid when you change the interest rate variable, say, from...
Savings Plan versus FD 2016
A member, Darren Chow, asked if an endowment plan from GE, Great Premier Wealth (GPW) is better than FD 3% in 2016. The GPW Plan needs you to pay 6k for the 1st 5 years,...
Inpatient Hospitalization – how itemized medical bill looks like
This is a medical case which I could share with you – a 3 y old child who had emergency admission into private hospital on a weekend. Reason was – bleeding on...
The pitfalls of insurance due to customer negligence #2
The story below comes from my FB timeline – a case relating to AIA Singapore. Click to enlarge.
The pitfalls of insurance due to customer negligence #1
The link below contains true story of a lady in her 20’s having colon cancer, which is pretty uncommon as this condition normally affect males and normally not as young....
Do you need a 1 million ringgit life insurance?
While a million ringgit lifetime limit for a medical is logical for now and future, the same cannot be said for life insurance. You might or might not need it. Some of the...
Do you need a million ringgit medical plan?
I always advocate an annual limit of RM 100k minimumly and a lifetime limit of RM 1 mil. Although very few customers questioned me on it, I can tell you it is not a figure I...
Why some Private Hospitals were removed from insurer’s panel list
Summary of this video Note: this could happen to any insurance company, anytime! (below using Prudential memo as case study) What it means when a private hospital is under an...
Insurance Claims Part 2 – Medic Claim Process you should know
Summary of this video What can you claim from a medical card aka H&S policy Conditions for the relevant documents to be eligible for claim The Hospital Admission process...
Insurance Claims Part 1 – Process you should know
Summary of this video Insurance claim & payout from insurer’s perspective Type of insurance claims Process flow for insurance claims Claims outcomes – not...
Can Insurance Savings Plan really beat putting money into Fixed Deposit?
Summary of this video The pros and cons of a savings plan (aka endowment policy) How Savings Plans are structured – The protection part, the guaranteed surrender value...
Medical Insurance Claim, Tax Relief & Cash Value
Have you ever wondered why and how some people take advantage of their medical insurance to do full body health check at private hospitals? Aside from the ethics part, what is...
Medical Insurance Claim & Underwriting Secrets
Have you ever wondered why some medical cards are easier to admit into certain private hospitals or claim compared to others? And why sometimes private hospitals still need to...
Medical Insurance Jargons and Workings Part 2
Summary of this Recorded Webinar with KCLau.com The Big Difference between Standalone Medical card and Medical card rider The Risks of a Standalone Medical Card (how Medical...
Comparing Different Loan Packages by Calculating Total Interest Paid
This is the exact loan packages offered by the asset management division of the insurance company as of Nov 2013 (click the image below for large view) How to properly use the...
Medical Insurance Jargons and Workings Part 1
Summary of this Recorded Webinar with KCLau.com A General Perspective on the Needs of Medical Insurance Making it Clear Cut the Purpose of Medical Insurance vs Critical...
Important Details You Should Know about Investment Linked Policy
Summary of this video What are the “hidden” things to look before signing an investment linked policy? What is top up premium and policy sustainability; how these...
Don’t get MRTA/MLTA – Get this instead
Summary of this video MRTA/MLTA Downfall – who’s the beneficiary? How Banker can give you huge discount on MRTA premiums, at the expense of your family should you...
Quantify Basic Protection Needs #2
Summary of this video Quantify Critical Illness Coverage Understand the Hard Facts behind Medical Card Coverage Quantify Hospital & Surgical Policy Coverage
Quantify Basic Protection Needs #1
Summary of this video The 4 pillars of protection Why coverage is not equal to premiums paid Quantify death and TPD coverage