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?

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.

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'.

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.