QUOTE(conqu3ror @ May 25 2014, 03:36 PM)
For age below 30, a very basic Investment Link Plan, comprehensive insurance plan (inclusive of Life, Medical, 36CI, PA, Premium Wavier) only as low as RM5 per day. And it will be fixed every year.
ILP Lesson 101. your premium is fixed. your insurance charge that the company deduct every month is not fixed, not guaranteed level, and subject to increase according to your age. something that all agents never say to their customer, maybe cause for some of them, they themselves do not understand it. For standalone medical plan although is cheaper, but there will lot of hidden clauses and limitation compare to ILP. In the event of claiming, and renewing, lot of issue will arise, such as exclusion, limit of claim or withdrawal of whole plan.
THERE should be no hidden clause in terms of claiming, renewing.
EXCLUSIONS are all the SAME. limit of claim is subject to the medical product itself. Different product, different benefit amount.Do let me know for more info.
Replies in red...
QUOTE(win44 @ May 25 2014, 04:06 PM)
Wow. is that true?
I heard that you can claim twice, once from each company.
So those with Company insurance might not need personal insurance if the amount does not exceed.
The idea of Medical Card is to indemnify your loss, NOT to make you better off than before. So is car insurance, and many other general insurance.
if anybody tells you they claim twice...
1. they BS-ing
2. they overused the limit
3. fraud???
EXAMPLE...
Company A annual limit is RM100k
Company B annual limit is RM80k
You have medical card from both companies, but you hospital bill is RM150k, then YES, can claim. but procedure may be a bit ma fan cause spread across two companies...
More likely why you need personal medical card is because when you get older, chances are, it gets harder to get approved for medical card when you are 50-ish, 60. my aunt's case, got rejected, but no choice, once you have either high bp, diabetic or whatever... chances are, it will be rejected.