Bro, mind to tell your age, occupation and smoker?

Normally with Allianz Medical Card 200-250 monthly will be RM250-300. Of coz for age below 25, then will much cheaper.

Allianz have no annual limit, never worry of shocking medical fees.

1984
Smoker
Accountant

Err...*re-emphasise*

I don't NEED the life+TPD coverage, reason why I chose ILP over stand-alone medicard is just for the premium waiver on TPD/36CI.

Bro. although stand alone is much cheaper and guarantee of renewal. But be remind the exclusion clause of standalone plan. Some had experienced, insurance have the right to exclude or reduce some of the coverage once you claim something.

I said I DON'T WANT standalone lar. Bro, bahasa England ada pass tak? sorry ar just kidding here

Haha, thats funny
Sorry lah, I just explain little bit only
No offense

Deleted

This post has been edited by conqu3ror: Dec 17 2013, 05:56 PM

Depending on your preference & budget . . . . an investment -link med card can be as low as RM50,000 coverage p.a
& can goes as high as RM200,000 p.a

Anyone know about the new Allianz enhanced medicover?
What is the cost of insurance compared with the normal medicover?

Enhanced Medicover are attached to Powerlink. Etc Powerlink's rider. Unlike old plan, Powerlink monthly premium are fix for every year.

It need to get qoutation & advise from agent.

You can contact me for more details info.

Just did a comparison for Pru & Allianz medical card

Premium
Allianz: RM 1900
Enhanced Medicover covers up to age 91
with waiver of premium
life coverage 71k (cant reduce due to system constrain)

Pru: RM 1950
PruFlexi Med (RM300 deductible) covers up to age 80
annual limit 100k
with waiver of premium
life coverage 10k



Disclaimer: For more detail and accurate benefit of the insurance policy, please refer to the actual quotation.


Do you have the cost of insurance table for old medicover ? If yes then I can do up a comparison as well

This post has been edited by financialfreedom: Dec 18 2013, 01:36 AM

So, your opinion is?

Powerlink is an investment-linked plan, so the premium is not fix... It is subject to the cost of insurance and cash value in your account.

For example, Mr. A bought a policy at age 30 with RM3000 premium
At age 60, the cost of insurance might be RM5000, so the difference of RM2000 will be deducting from the cash value. If there is no more cash value inside the account, Mr A have to top up the difference, ie paying RM5000 or else the policy will lapsed.

Depends on your preference, there are few key things that you need to consider

1. Annual limit
If you think that it is possible to have medical claim of RM 100k and above, you may consider Allianz

2. Coverage term
For Prudential, you can choose to cover up to age 70, 80, 90, or 100. However the price also skyrocket for longer term.

In this comparison, I choose up to age 80 and RM 300 deductible, to have the similar premium for comparison purpose. To cover up to age 90, the premium cost more than RM2600

3. Room & board limit
if you are die die also want to stay in single room type, Allianz might be more costly due to the co-insurance of 20% for staying in room that exceed R&B limit, so you may consider about Prudential which you just have to top up the difference

4. Co- insurance & deductible
Allianz: Co-insurance means sharing the cost with insurance company. If you stay in room that exceed the R&B limit, you have to bear 20% of the total medical bill, up to maximum of RM1000.

For example, your R&B limit is RM200, but you stay in room that cost RM250, and the total bill sum up to RM10,000

you have to pay RM10,000 x 20% = 2000,
but max is 1000, so you have to pay RM 1000

Prudential: there is deductible of RM300 in this plan that I choose for this comparison purpose, which means that you have to pay RM300 everytime that you are hospitalised. There is option to opt for 0 deductible, however, the premium is roughly RM300 higher.

In short, I would say Allianz would be better choice if you don't mind staying in 2 bedded or 4 bedded room.

But from your analysis, I see that Allianz only have 1 benefit - no annual limit

No annual limit is quite useful, since buying insurance is about transferring risk to insurance company, so it is good that you dont have to pay so much in case the medical bill is more than 100k. Especially when this feature is included with premium which is similar or even lower than other insurance companies.

In fact, Prudential also have this "Annual limit waiver" rider for Pruhealth medical card, but it is costly to addon that rider.


I think cost is a crucial factor, although premium is not guaranteed and insurance company may increase it anytime just by giving notice to client, but currently, prudential cost is really much higher for the same coverage term.


*no offence to pru agents @uncle roy, just pointing out facts that i know, do correct me if i'm wrong.

summoning roystevenung

If I would like to stop insurance charge (as I am going to terminate it), how long does it take to take effective? Can I call in to CS to stop or must I submit form?

For Prudential you will need to bring the policy document to the counter to surrender the policy. There is a form that you need to sign.

The counter customer service will guide you.

This post has been edited by roystevenung: Dec 22 2013, 10:44 PM

Hi,

Wondering if someone can refer me to a good agent in KL. Planning to get insurance (medical card) maybe from AIA, Great Eastern, Allianz or Prudential.

27 years old, non-smoker, admin work

Maybe something below RM200 per month if possible.

Thank you.

Hi,

For AIA's A-Plus CriticalCare, is it that the sum assured for the CI will increase 1% per year?

For example, If I purchase A-Lifelink 380k + A-PlusCriticalCare 100k (both with 1% anniversary bonus, max 20%) after 30years, the sum assured will be:-
380k*1%*20=76000 + 380000 = 456000
100k*1%*20=20000 + 100000 = 120000

Is the above calculation correct?

Btw, any reason why AIA cash value higher than GE at 30years~?

This post has been edited by HMMaster: Dec 28 2013, 10:29 PM

Yes. Is correct (plus fund value) if it happens on year 21 and onwards.
If claim 36CI and death a few months later, remaining 336k + fund value will be payable.

Future fund value or cash value at 30 years can be affected by
1) Projection rate
2) Cost of insurance
3) Other charges like fund management charges, policy fees etc.
4) Projected by monthly premium or yearly premium
5) Regular top up

Comparing the few points above, you will get your answer.