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insurance for commercial diver

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insurance for commercial diver

Post Number:#1  Postby taufik » Mon Jun 29, 2009 2:13 pm

ok guys..gimme ur opinion abt diz since im not so good with financial and insurance thingy..dia is an excerpt from my insurance agent email to me....

"Prudential can only offer

Death Benefit - 60,000.d policy is rm144 per month

only death. takde total permenant disable as i said before ,
sorry coz i ter-miss understood.
i can offer you another option, which is ..Investment."

"monthly unit trust as your retirement fund, you boleh attach sekali dgn this policy.
no need to open any other account.

RM100 per month after 20yrs with 10% return per annum could give you - RM76,569.69.
your own $$ baru 24,000.
duit ni bukan u kena withdraw after 20thn, u can withdrw anytime.

so, my point is i cuma blh offer you the Death Benefit + Investment account."

so what u all think of this.and if anyone interested to join can pm me so i can hook u guys with d agent.
taufik
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Re: insurance for commercial diver

Post Number:#2  Postby Snafu » Thu Jul 02, 2009 1:08 pm

Suggestion:

1. Max your ASB

2. Buy Blue Chip Shares

3. Have account for daily usage...food etc.

4. Have account for Investment...to buy shares, house..etc

5. Have account for Money U dont touch at all...when U grow OLD or fall sick.

Something like that.

:D
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Re: insurance for commercial diver

Post Number:#3  Postby taufik » Thu Jul 02, 2009 1:44 pm

hi mr syed..been long time since last post here...
well..ur suggestion is a good one..
but what do u think about that prudential thingy..
i havent got d money to buy blue chip shares...yet
as for d accounts thing,been planning on dat ..n will do so soon
taufik
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Re: insurance for commercial diver

Post Number:#4  Postby Snafu » Sat Jul 04, 2009 5:38 pm

taufik wrote:hi mr syed..been long time since last post here...
well..ur suggestion is a good one..
but what do u think about that prudential thingy..
i havent got d money to buy blue chip shares...yet
as for d accounts thing,been planning on dat ..n will do so soon



Hi Taufik,

Sorry I have been very occupied with many things this couple of month and now I am in Miri for work ...Client is Shell Sarawak.

I had to go the direction I posted earlier as no insurance company would cover me.

:D
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Re: insurance for commercial diver

Post Number:#5  Postby taufik » Sun Jul 05, 2009 12:11 am

its kinda quiet here lately...especially diz offshore section...dont u think so.. maybe low oil price also make divers dont feel like posting things here... since i also plan to be a saturation diver ,maybe i have to rethink about the life-insurance thingy again loh...
maybe they willing to cover me now since i am only air diver,but i doubt they willing to cover if i become saturation divers...
er...any blue chip shares u can rekemen...?
taufik
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Re: insurance for commercial diver

Post Number:#6  Postby Snafu » Sun Jul 05, 2009 1:26 pm

Currently oil price is going up and is at USD71 ++.

Is quiet in this section as a lot of diver are out working.

Usually when divers have no work they will look around to find job n when they have work, all will be quiet.

Blue Chip...u can buy any of it from the main board...banking sector, oil sector...etc.

:D
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Re: insurance for commercial diver

Post Number:#7  Postby taufik » Tue Jul 14, 2009 3:25 pm

now im going to link diz topic to some other issue...TAX dat is...big issue now since now look like i have to start paying tax..never paid income tax b4..my contribution to gov coffer all diz while only in form of tobbaco tax..
according to d said insurance agent,d investment dat come with insurance can get me tax examption,full amount..
dat interest me to some extent but since im also new to diz tax thingy,i gotta look around and see what else can be tax-free...
er,so is anyone out there have any way or trick to minimize income tax payment,do share...
taufik
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Re: insurance for commercial diver

Post Number:#8  Postby Spazm » Tue Jul 14, 2009 6:31 pm

taufik wrote:now im going to link diz topic to some other issue...TAX dat is...big issue now since now look like i have to start paying tax..never paid income tax b4..my contribution to gov coffer all diz while only in form of tobbaco tax..
according to d said insurance agent,d investment dat come with insurance can get me tax examption,full amount..
dat interest me to some extent but since im also new to diz tax thingy,i gotta look around and see what else can be tax-free...
er,so is anyone out there have any way or trick to minimize income tax payment,do share...


Taufik,

For insurance related tax deduction, Personal relief is only RM5000 and that is inclusive of EPF contribution...:)
Substance over matter , Diver behind the dive.....
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