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 Insurance Talk V2, Anything and everything about insurance

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activexxx
post Jul 24 2014, 05:03 PM

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Is there any medical card that offers unlimited coverage (excluding terminal illnesses)?
activexxx
post Jul 25 2014, 10:20 AM

Casual
***
Junior Member
445 posts

Joined: Jan 2010
QUOTE(morning06 @ Jul 25 2014, 02:49 AM)
Ask servicing agent to check like colaboy said OR a better and more reliable way is to call customer service and ask them to explain to you.

Best Pru agent that i know roystevenung  thumbup.gif
You mean claim limit?
Unlimited lifetime limit = YES
Unlimited annual limit = Never heard of yet, anyone can update?
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Okay. Let me explain my current medical card package. I bought it under ING 5-6 years ago.

The annual coverage is RM60k. According to my agent, my lifetime limit which I can claim is RM60*3 --> which is RM180k. Even ING bought over by AIA, the coverage still the same.

I think the lifetime limit is kinda low as it only multiply by 3 from the annual limit.

Is there any other brand which provides Unlimited lifetime limit? I only heard AXA Affin provide that. Why AIA don't have this benefit? hmm.gif
activexxx
post Jul 25 2014, 01:12 PM

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445 posts

Joined: Jan 2010
QUOTE(ExpZero @ Jul 25 2014, 12:09 PM)
Dear morning 06 and activexxx,

There is none in the market that are providing such coverage of unlimited annual and lifetime limit. However, Great Eastern do have a medical card which the premium can be RM175/month for a 20years old, non smoker, male, occupation class 1 covering annual limit of RM990,000 and unlimited lifetime limit.

We should actually look into annual limit instead of lifetime limit as we are purchasing insurance to hedge for unexpected large risk.
Insurance is one of the financial planning as well as purchasing property, purchasing unit trust etc. All of the financial tool are having different purpose and limitation be it the risk, liquidity and penalty for early withdrawal.

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How much estimated monthly premium for a 30 y.o, non-smoker, male, work in office, good health covering annual limit of RM100,000 and unlimited lifetime limit?

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