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 AXA-AFFIN MEDICAL CARD

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TSumapathy
post Mar 22 2011, 03:15 PM, updated 15y ago

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Hai Guys,

AXA-Affin Medical card looks good compare to other medical cards in town. Care to share the advantages and disadvantages of the card?

Thanks
TSumapathy
post Mar 22 2011, 03:21 PM

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Sure no problem. Below are the advantages:

No Lifetime Limit
It means that the card doesn’t impose any limit on how much or how many claims can be made in your lifetime. Not like other medical card, which has a lifetime limit of 3 to 5 times of your annual limit.

No Co – Insurance

There is No Co-Insurance/Takaful impose on this medical card. Meaning you don’t have to share up to 10% of the total medical bill with your insurance provider.

Guaranteed Renewal
This medical card is guaranteed renewal until aged 80 years old regardless of how many claims been made in previous year. Hence, provide peace of mind to the client. On top of that, no loading or increase in premium due to your health conditions and claim record.

Wide Coverage
The card is widely accepted in more than 88 panel hospital nationwide. Therefore, you don’t need to worry as the card is highly recognize and acceptable in major private hospital.

Affordable Premium

Surprisingly, with the highest coverage and the best deal that this medical card has to offer, we found that this plan is relatively affordable or cheaper than others. More value to our ringgit isn’t it?

Please comment.

Thanks
TSumapathy
post Mar 22 2011, 03:36 PM

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QUOTE(numbertwo @ Mar 22 2011, 03:33 PM)
great, then I can then share you what points that I found which you may not aware abt them:
- 20% co-insurance if you upgrade a room type that exceeds your plan
- extremely low out-patient claims, both pre-and-post;
- very low lifetime limit on Cancer and Kidney Dialysis;
- per-disability claim method.  Meaning, for the same type of illness you will not be entitled to claim the second consecutive time within 90 days period.
- Renewable up to 80,  provided you are already holding this policy since 59th birthday...
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But the policy has high package with low installments like Gold and Platinum scheme. Why we need to upgrade a room?

For both this package, cancer claim is RM40K and RM60K per annum.

Please advice.

Thanks
TSumapathy
post Mar 22 2011, 03:42 PM

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QUOTE(numbertwo @ Mar 22 2011, 03:39 PM)
sorry, i am not updated abt their Gold/Plat scheme, what is it actually?

Upgrade Room : Imagine you are hospitalized in an emergency situation, you have purchased a room/board plan RM180.. Somehow the only room available cost you 250 a day...  This is consider 'Room upgrade''

Cancer, dialysis in Axa is a Lifetime limit, not Annual.  Unless they have upgraded their offer lately!
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So you guys are saying this medical plan is not good since the cancer coverage is low? How many percent are there for us to get cancer? Very hogh or low? In terms of other option besides cancer, i think AXA Affine is good enough. Moreover you can always opt to get admitted in other hospitals if the daily room charges are more right?
TSumapathy
post Mar 22 2011, 03:57 PM

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QUOTE(numbertwo @ Mar 22 2011, 03:53 PM)
the key here is 'emergency'  -- and when you are not in a condition to even move around...

As to the chances of cancer/kidney failure, it is all down to your individual priority.  No one can tell you whether this suits you or not.

PJUsa has previously suggested to take this AXA(becoz of no lifetime limit), and to top it up with Tokio Marine's (with Cancer 'As Charge) as a top-up-plan.
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So what are you saying is to take additional medical plan with another insurance company to cover for Cancer right? What about ING? You can use the whole coverage to cover cancer i believe.
TSumapathy
post Mar 22 2011, 04:06 PM

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QUOTE(rockets @ Mar 22 2011, 04:02 PM)
this one you better check again.

taken off their website:

"There is no selective Renewal Loading or Exclusion on individual if claim is made during previous year."

essentially guaranteed renewal is also useless if they can impose loading, and you will get loaded if you make a claim for your current year and try to renew for next year. only previous year claims are excluded that has already been loaded when you renew on the previous year.

a little confusing, i'll provide an example.

ex: if your policy runs from March 2011 to March 2012, if you make a claim during this period then it is considered a claim made in the current year. so when it's close to time of renewal, say Feb 2012, they will say you made a claim in your current year and has the right to impose loading upon you.

so that clause there means they can load you when you make a claim.
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This clause is made on AXA Affin medical card plan? ING Imax Care is not guaranteed renewal ah?
TSumapathy
post Mar 22 2011, 04:20 PM

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Taking AXA Affin medical card is a good choice or a bad one? The premium looks affordable.

Please advice.
TSumapathy
post Mar 22 2011, 04:23 PM

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QUOTE(rockets @ Mar 22 2011, 04:21 PM)
So far i've only seen something like that from AXA, most newer plans never mention anything about loading anymore. Having loading defeats the entire purpose of having an insurance. They can make policy wide premium changes but never based on individual claims.

If it's really like what you said it is, why did they put that clause there at all? Something like "No loading will be imposed based on claims." would be so much more convincing.
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Anyone has any proof to claim that AXA Affin indicated that portion in their policy?
TSumapathy
post Mar 22 2011, 04:33 PM

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QUOTE(rockets @ Mar 22 2011, 04:26 PM)
http://www.axa.com.my/132/en/Health-Insura...artCare-Optimum

click on the FAQ.
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That is applicable for Smartcare policy? What about Medical Care Rider? it is totally different right?
TSumapathy
post Mar 22 2011, 06:14 PM

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So can we conclude that even though AXA Affin is new in the market but the privileges are different from other medical card in town. I believe it is a proper medical card as well as there is no limitation to the annual coverage (except for cancer and dialysis).
TSumapathy
post Mar 23 2011, 07:29 AM

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QUOTE(PJusa @ Mar 22 2011, 07:46 PM)
AXA is a huge general insurance player with a european background. SCO is sold across SEA (singapore, hongkong and some other places) and i would very assume they did their homework. from all the insurances in the market their 500k p.a. cover in combination with a touch up plan to cover possible spikes, OP cancer and dialysis it is (in my book) the best option in the market considering long run costs of insurance (i.e. from 25 to age 80). H&S is afterall not a one shot thing but a longterm affair.
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Taking a AXA Affin 500K plan wand for cancer and dialysis treatment what other option should i look for? What other insurance package?

Please advice.

Thanks
TSumapathy
post Mar 23 2011, 01:52 PM

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QUOTE(PJusa @ Mar 23 2011, 10:26 AM)
umapathy,

i like the axa plan because it has very few restrictions (i.e. very wide coverage of cancers etc.). all you need is to have a burstable cover in case AXA is not sufficient. there are some top-up plans around in the market (i.e. plans with a high deductable i.e. 10 or 20k) that way you can insure the shortcomings of the plan. i liked Tokio Marine's plan best (despite the fact that I am not content with their CS). You can venture around the available plans and single out the one that suits you best. you can look into RHB Medisure (with deductable up to 20k = save up to 60% premiums), TM Medic Plus, Pacific medi-major, Berjaya B.Health Major, Allianz EB MediShield Plus, you could even use AXA SCO with deductable option as burstable insurance and choose another one as the primary H&S plan. mix and match gives multiple options otherwise not available.
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But one thing makes me wonder the same package if i compare with ING or Prudential or any other insurance companies, the price is higher. May I know why there are variance in prices whereas the coverage is the same. The only thing is the name.

Please advice.

Thanks
TSumapathy
post Mar 23 2011, 02:34 PM

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QUOTE(rockets @ Mar 23 2011, 02:28 PM)
i think part of the reason why PRU and ING are expensive is because their outpatient treatment for cancer/kidneys are As Charged.
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Thanks PJUsa for the fine explanation.

What makes you think that there are high risks a lot of people would be diagnozed with cancer/kidney problem?

Is the ratio very high compare to other sickness like BP or diabetes?
TSumapathy
post Mar 25 2011, 10:18 AM

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QUOTE(rockets @ Mar 23 2011, 02:54 PM)
but it's better to have good cover for those, no? no matter the odds. cause if you do strike any of these it could bankrupt you and you'd just wait to die.

diabetes is actually one of the top causes for kidney failures in case you didn't know.

as for cancer, "In 2007 cancer caused about 13% of all human deaths worldwide (7.9 million)". that's from wiki.

trust me, if you want a good insurance you'd want one that has good cover these two. or you could get a top up like what PJusa did.
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Agreed with your fact. Regardless of cancer and dialysis treatment, I still say that AXA Affin medical card is the best with its unique feature. Other medical cards have annual claim plus lifetime max claim but AXA Affin's medical card you can claim yearly. That is a great portion. For cancer treatment, we just have to add up from other insurance company like what PJusa said.

I believe with this combination it is the best in town.

I sincereley believe other insurance companies will follow this scheme in the future.

Moreover other insurance company medical card is expensive compare to AXA Afiin's card.
TSumapathy
post Mar 25 2011, 11:56 AM

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QUOTE(numbertwo @ Mar 25 2011, 11:31 AM)
and don't forget, if you are already covered by a decent company medical plan, you may opt for deductable plan in SCO which is cheaper by a large percentage compares to a full plan.

happy shopping.
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How much cheaper it gets when i apply for SCO plan?
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