Yes, something like a table, you may attach the table here to gather feedback from forumer or pm me.

Insurance is actually a risk sharing medium among the a group of healthy people with the sick one because the group of healthy people knows that someday someone will help them when they need it.

So now let's talk about Life insurance vs medical insurance
Life insurance is the lump sum of payment given out when one diagnose with certain pre-defined covered event such as Death/Total&Permanent Disability and 36 Critical Illness.
Medical insurance is the coverage by the insurance company to pay for the medical bill from the hospital.

So why does one need both Medical and Life insurance?
Imagine that Mr.Lee poo poo got blood and went to hospital for checkup, he is diagnosed with bowel cancer stage 3 after the checkup. The medical bill cost up to RM70,000 for the surgery. This is not the whole amount yet, because for every chemotherapy in the future, the bill is claimable under his medical card too.

The story hasn't ended yet, since he is hospitalized for about 10 days, the doctor has certified that he is not fit to work for the next 6 months. The next thing he knows is his boss asked him to have a "good long rest". So, he loss his income generate power, and here comes the pay cheque from the insurance company to help him sustain his living expenses, car loan, property loan, MLM health product, Ogawa massage chair, practice Taichi or ask bomoh. Here comes the importance of Life insurance, especially Critical Illness coverage.

Medical card is to cover the medical expenses when one hospitalize in hospital whereas life insurance especially Critical Illness coverage is a lump sum compensation where you can use it to cover the lost of income during the period.

Besides this, you can use up to Life/KWSP RM6000 and Medical/Education RM3000 tax relief to lessen your burden when paying for Income Tax, it's a win-win situation for both policyholder and the company.

In general, you need to take both medical and life insurance in a moderate level on your twenties and there is no best company, there is only a company that suits you the most. Rule of thumb for a single youngster at age of 20', about 10% of your monthly income to insurance is sufficient to provide you all the basic protection.

Next year January your agent will be able to send you the SLAPCC (The certificate to shows your tax relief allocation)

Hi,

I paid RM300 for my insurance now. Its investment linked and I have had it for a year.
During this year, I've been diagnosed with endometriosis which is a specified illness under the policy.
I want to continue study for 2 years and thinking of surrender the policy and bought a cheaper standalone policy which is just RM60-80 for my age because of no scholarship, allowance, etc during the study.

Is this a right move for me to take?

Looking for advice, thanks.

I just saw this ad by Great Eastern Life for Smart Extender Max. Interested in either 150k deductible or 200k deductible plan.

Thing is, I have high blood pressure (but very well controlled).

If there's any agent who is confident of getting me approved for this plan (I'm willing to accept either hypertension-related exclusions or a reasonable loading), PM me. I can do health screening as well.

Agents from other insurance companies with similar plans can PM me too.

I'm also interested in cancer insurance and PA.

Cheers.

Hi ExpZero,

Hope u can help to answer the questions below:

1. Smart Extended Max is non-cashless? We have to pay the balance bill first and claim back later?
2. Is it the same for Smart Extender, do we have to pay the balance bill first or the insurance company will straight away pickup the bill?

Thanks for your clarification.

While i will not advice you one way another... i like to point out that aside from cancelling your existing policy, you can opt to reduce your premium, your basic sum assured, your other less important riders to reduce your cost.

the idea of investment-linked plan is that there's a flexibility that allows you to make such variations. can be cut down to 50% of original premium or even more.

If RM150-200 is not a big issue to you, you may decrease your premium from RM300 to RM150-RM200 by removing all the riders like critical illness, early critical illness, waiver of premium, hospitalization benefit. This is to protect your right to hold a basic medical card because by this you can still own a medical card and there is no need to apply a new medical card in the future.

Sure Advertiser, high blood pressure with well controlled are able to get medical coverage.

1.SEM is non-cashless by paper, however, you can request for GL (cashless) upon your bill has been confirmed over the deductible amount by hospital.

2.Smart Extender is cashless by paper, which means Great Eastern will pay directly to hospital.

Thanks for the prompt reply, ExpZero.

1. Is it easy to get GL (cashless) for the balance of my bill after the deductible amount?
2. Under what circumstance, will insurance company deny issuing a GL?

You really want to engage the call center with your medical claims?

Hi all, I would like to know more about medical insurance

Currently i already have GE Medical insurance. Due to the coverage sum foresee is insufficient. I plan to buy another plan which higher coverage protect sum.

Now, im looking at Prudential PRUlink One Plan. I know they have lot of benefits. But, today i would like to know what is their Disadvantages or blind zone which clause we(consumer) do not know about.

hi, you may seek advice from your servicing agent for upgrades. buying another medical insurance plan will only cost you more because it will surely cost at least 200ish. so you might as well upgrade the current one

The existing policy cannot be upgrade because i did a minor surgery recently. The upgrade will result revise to new policy which i might encounter void coverage on recent surgery.

Im not sure is this the good way to maintain existing policy (full coverage) and get a new plan (void recently surgery) but high coverage value

even if u opt for another company coverage, you won't be covered since your agent has told you that even you upgraded your existing policy, it won't cover the recent surgery which you did . every insurance has to go through hospitals data, so I doubt you will be covered even you bought another companies product . best is upgrade yout existing policy

^ Whether the condition will be Excluded will be very much dependent on the type of surgery being perform and the medical condition.

The best course of action is to try to upgrade and if you are offered with an Exclusion on that medical condition, you may choose not to take up the upgrade and get a new policy (from the same or different insurer) with the Exclusion imposed.

Hence if there are future claims that falls under the Exclusion of the above medical condition, it is able to be claim from the old policy.

Any claims that dont fall under that medical Exclusion is claimable under the new card.

Of course it will mean maintaining 2 medical cards and boils down to your budget.

Hi Baymax,

1)This very same question has been asked in the product launching, Healthcare services department has told us it's case-to-case-basis. Since this is new product, I have no experience to advise further but only sharing my knowledge.
2)Either it's within waiting period or insurance companies are suspecting it's a existing illness based on the doctor's report when applying GL.

Hi skyvampire,

I would advise you to upgrade with existing company because
1)If your existing company is denying you to buy a new card, you will most probably unable to buy a new card in another company. However, you can try to apply too after your existing company is denying you.
2)If your existing company is imposing exclusion in your new card, you will most probably have exclusion in another company as well. However, by then you can choose to hold 2 cards in the same company to reduce the effort when claim because you don't have to submit to two different companies.
3)If your existing company is giving you upgrade your medical card, you will have a new medical card and with only 1 month of conditional waiting period. Which means that you can use your medical card immediately without any hiccup in the middle.

Either of these 3 scenario, you are in a win-win situation.

Why would you buy a life cover of only 10k?

Thanks for the explanation. Great information there!

Thank you, it's my pleasure to give support in lowyat.net

anyone heard of great eastern early living care???
Hows the response to it...

I went for life insurace. One month installment is almost 300.... T_T now suffering haihs

Any PRU agent here ?

I need your advise, PM me please.