Need some help from every sifu here,
Recently I get a quotation for medical card with investment link product for AIA & GE form two of agents. Below some pro & con I found form these two policy & now “big head” to choose which one, please give some advice if you have… thank in advance.

1) A.I.A
Premium = RM3000 or RM250/ month
Death + TPD = 40K (this is what I requested as I already have other plan for death +TPD+ 36CI with 60K)
Early paid CI= 100K
IL premium waiver
Room & board = RM 200
• Annual Limit = 115K, coverage = 100 years old, NOT Lifetime limit but
• Co-insurance = RM25K free amount per policy year & 10 % co-insurance charge if exceed with max RM3000
• Lifetime limit for Out-patient kidney = 110 K & Cancer treatment = 165K

2) Great Eastern
Premium = RM2800 or RM233/ month
Sum Death + TPD + Early paid CI= 100 K
IL hospital benefit = RM100/ days (actually this I no need also as I have the other plan with RM200/ days, will told the agent to cut-off this if I decided to buy.)
IL premium waiver
Room & board = SM200
• Annual Limit = 120K, coverage = 80 years old, Lifetime limit = 1200K
• Co-insurance = 10% (max RM500), if upgrade for R&B, co-insurance 20% (max 3000)
• Out-patient kidney & Cancer treatment as charged but with 10% co-insurance (no max)


more of my concern is medical card & my burget for monthly is around RM240-280....

This post has been edited by lawcl99: Apr 17 2013, 10:17 AM

AIA and Great Eastern already merge together, i think almost same same de lah the things, just abang and adik

Bro, AIA is merger with ING la....

Hi bro, if your MAIN concern is medical card, why don't you just take the standalone medical card coverage only?

110k for outpatient kidney and 165k for cancer treatment, whole life do you think is enough? Some more got co-insurance charges....

If you are age in the group of 30 - 39 is just RM1174 per year. Less than RM100 per month...

If you interested, please drop me a pm...

Cheers~~~

with standlaone medical card the premium will increase a lot when ages increase... It will be 4-7K for age 70++

I have standlaone medical card with me now, but think to change it seem age is getting higher now..

that why i consider two plan above for replacement...

You can try Allianz instead. No co-insurance and outpatient kidney and cancer as charged. But I think the insurance charges is higher.

Panel hospital also got those well known one.

I'm buying Allianz ILP thou.

This post has been edited by almeizer: Apr 17 2013, 08:16 PM

u may pm me,
because i now doing allianz insurance.
i can give you a quote too.

ALLianz now provided no annual limit but lifetime limit.

my email ngbakkim88@hotmail.com

hi lawcl99,

Do you know what is co-insurance ? The agent gt explain to you?

sure i know, my agent explain to me before....

I think the most important part is having a good agent to serve you. Which company you choose is just like choosing a brand. ( Nike / Addidas etc )

Why no Prudential?

Do also compare the insurance charges at older age. If the plan is without any limit, the insurance charges may be affortable now, but at older age the policy may not be able to sustain and you do not want to have to pay tripple of the premium that you are paying at age 80?

UniAsia Plan is cheating the people. They say got 40% base on RM 6000 which is RM2400. Every year you will be getting RM2400, provided you are paying them RM6000 every year. But when years goes by your RM6000 will be accumulate.

Example, first year you pay RM6000, second year you pay another RM6000, third year another RM6000. Means that second year they are holding your RM 12,000. Third year, will be RM 18,000.

Therefore, they cannot based on 40%. UniAsia is BIG CHEATER. Please do not get caught. Even dividend for Bond with 6% is more than UniAsia.

UNIASIA (Assuming Dividend is taken out every Year)
Year Premium Accumulated Premium Yearly Dividend Percentage in Dividend
1 6000 6000 2400 40.0
2 600 12000 2400 20.0
3 6000 18000 2400 13.3
4 6000 24000 2400 10.0
5 6000 30000 2400 8.0
6 6000 36000 2400 6.7
7 6000 42000 2400 5.7
8 6000 48000 2400 5.0
9 6000 54000 2400 4.4
10 6000 60000 2400 4.0
11 6000 66000 2400 3.6
12 6000 72000 2400 3.3
13 6000 78000 2400 3.1
14 6000 84000 2400 2.9
15 6000 90000 2400 2.7
16 6000 96000 2400 2.5
17 6000 102000 2400 2.4
18 6000 108000 2400 2.2
19 6000 114000 2400 2.1
20 6000 120000 2400 2.0
21 6000 126000 2400 1.9
22 6000 132000 2400 1.8
23 6000 138000 2400 1.7
24 6000 144000 2400 1.7
25 6000 150000 2400 1.6
60000
Total Bonus 25 years


Bond (Assuming Dividend is taken out every Year)
Year Premium Accumulated Premium 6% Dividend
1 6000 6000 360
2 6000 12000 720
3 6000 18000 1080
4 6000 24000 1440
5 6000 30000 1800
6 6000 36000 2160
7 6000 42000 2520
8 6000 48000 2880
9 6000 54000 3240
10 6000 60000 3600
11 6000 66000 3960
12 6000 72000 4320
13 6000 78000 4680
14 6000 84000 5040
15 6000 90000 5400
16 6000 96000 5760
17 6000 102000 6120
18 6000 108000 6480
19 6000 114000 6840
20 6000 120000 7200
21 6000 126000 7560
22 6000 132000 7920
23 6000 138000 8280
24 6000 144000 8640
25 6000 150000 9000
117000
Total Bonus 25 years


Do not get cheated by UniAsia Plan just because they say you have 40%. It is bullshit!

I heard that AIA n ING medical card are good.
But I think.most important is agent, coz medical card need a lot of services!

Not really that much services, but if compared to those agents that sells purely for savings, yeah, there is bound to be service. And that is how we get referral business, through us keeping touch base with the clients.

Your AIA plan is outdated bro.

Early Stages CI is now in 3 stages of 30%, 60%, 100%.

Medical Now for Plan 150:
Room board 150 (you pay the extra if upgrade with no penalty)
No lifetime limit
Annual limit 100K, if no claim for 2 years increase 5% upto max 200K
No co insurance
'Outpatient' Chemo & Dialysis Lifetime 250K

PM me if you require more details info

KelvBlue,

Can send me a quotation? male 25, commissioning engineer.
premium 3600.
life 100k, early stage CI 100k. so total is 200k here.
Then hospitalization income, 400/day.
Medical card 250 room one. i want unlimited lifetime limit.

please pm.

Thank you.

AIA has no co-insurance for all medical card... one needs to really understand how early CI works..

from AIA

Pm me for aia info

Give me ur email bro..

Hi, I would like to buy AIA medical card for my mum. But before this, I would like to ask some details for AIA medical card,
i) Is there any co-insurance plan. If no, any limit amount for this no co-insurance benefit?
ii) What is the waiting period for activation of this medical card?
iii) After the waiting period, if my mum has been diagnosed with some diseases (eg. knee injury, or high blood pressure), will my mum get covered?

i) there is no co-insurance, the medical bill will be as charged
ii) 120 days waiting period except for accident
iii) after survive waiting period, if diagnosed with any disease, they will have a team to investigate at the clinics and hospitals, if they find out that is a pre-existing condition, insurer will fully refund ur premium and you will get blacklisted.
The most secure period will not be least than 2yrs....

Hope this info can answer ur questions...

Hi, thank you for ur detailed info. Please allow me to ask one more question:

I've brought my mum to General Hospital before as she has mentioned that her knee is very paint.

However, the doctor in General Hospital didn't diagnose her having GUAN JIE YAN. Just giving few medicine for her to consume. Besides, before this my mum never do any operation on the leg.

Hence, will AIA medical card will still fully cover my mum?? or AIA will make all the sickness related to leg as exclusions?

Yes will covered as she didn't diagnose with any sickness and not hospitalized.

Hi, kindly send me your email. i will contact you more further detail on the AIA insurance medical card

Hi, kindly pm me your email address. I will provide you more information on the AIA medical card

Hi, I am doing insurance for Prudential.
At the moment Prudential is providing investment-linked medical card with no annual limit as well as no co-insurance and vice versa.
It is a very flexible medical card which could be customised to suit your personal needs.

PM me for further details and I will be glad to answer your queries.

Cheers

Van u PM more detail? Include quatation n monthly premium. Thanks

What is co-insurance?

Insurance is a business of risk transference. When anyone gets insurance, he/she can choose to transfer all the risk to the insurer or shares part of the risk. There are few choices of cost sharing, namely Deductibles & co-insurance.

For deductible, there are choices of Zero Deductible (claim in full and fully borne by the insurer), Rm300, RM3K, RM10K. Most people whom are working has some sort of medical coverage with their company. Hence it makes sense for them to get a policy with highest deductible (eg, RM 10K) in order to save on the premium.

When a claim arises, the deductible will be claim under the company insurance while the medical bill is claimable from the personal insurance. But then of course, you cannot claim from both company the FULL bill. For medical insurance, it is only paid up to the bill amount (irrespective of how many medical cards you may have).

With co-insurance, if the client is admitted to the hospital, there would be a minimum co-insurance that the client is required to pay, for example minimum RM 300, maximum RM1K or 10%.

The purpose of co-insurance and deductible is to bring down the cost of insurance (commonly known as insurance charges). In short, plans without co-insurance, the premium will be slightly higher and it means the client has already paid in advance the 'co-insurance'.

Hi guys,

I have a quick question for you all. I have a close friend who is diabetic (type I), basically she's been a diabetic since she was 11 and she is now 28. As far as I know medical insurance coverage would not be extended to anyone with a preexisting condition such as hers.

What if the insured is willing to fork out any additional loading charges and accepts the fact that all related diseases with diabetes is also excluded, would she be able to obtain a medical insurance cover then ? If so can shed some light here and which company has such a policy ?

Thanks !

This post has been edited by Neoraj: Dec 5 2013, 12:41 PM

Sorry Neoraj, its a no from Prudential, even with loading or not. I do not know of any insurance company in Malaysia that is able to take up that risk.

You may need to source around for international health insurance but be prepared to pay in USD/EU for the cover.

If you found any agent/insurance company in Malaysia that says it can be accepted, please exercise extreme prejudice.

Need details about aia insurance and investment..

why AIA?

Why AIA?

dude did u just necro a 2 years thread