another medical insurance worth mentioning with no lifetime limit and co insurance, but not sure on its premium.
http://www.axa-affin.com/118/en/medical/me...us/introduction

However, if the Room Category stayed is higher and better than the eligible benefit, you will have to bear 20% of the cost of the eligible benefits being the Upgraded Room & Board Co-Payment.

got lifetime limit on cancer/kidney outpatient

not necessarily true?! fact: all insurance companies are here to make profit. they are not charity organisations but very much profit-oriented. furthermore, all insurance companies are governed by BN and definitely there're strict framework for all of them to abide too and thus the difference between one product to another product from other companies is pretty minimal. if company A is providing no co-insurance and claim that its insurance charge is lower than that who incur co-insurance, it's definitely bull$xit.

the blogger who shared the info merely made comparison based on some facts that he gathered from product brochures. it doesn't give a fair and complete comparison with the actual figure that could only be found in the policy documents and whether or not he was comparing the latest products among all the companies is questionable. anyway, kudos for his effort in putting up the comparison of some sort but it is still way too vague and lack of credential.

This post has been edited by venven81: Nov 6 2011, 11:18 PM

Strongly agree with venven81 here. If the insurance charges is low
without co-insurance & have high cash value end of day, sounds a little bit too good to be true.

There is no right & wrong with co-insurance, if you feel without co-insurance is better, go ahead with
company like Allianz / AIA & etc. If you prefer co-insurance get from company like PRU / GE & etc.
The purpose of company implementing co-insurance is to reduce the unnesssasary or fraud claims
which increase the medical cost from the insurer company. In long run, its much better for customer
as the the company will be able to control the insurance charges from the inflation of medical cost.

This is just my personal point of view. . .

apparently new from AXA: http://www.axa.com.my/851/en/Health-Insura...tionalExclusive i will try to get terms and conditions and most importantly premium shedule. looks like we finally (!!) have a real health insurance plan available in malaysia

i received a letter from GE to notify that my service agent for my GE Life Assurance has been changed to someone else! is it possible to change to other service agent at our own request?

yes u can

I applied for Life Assurance from Maybank few month ago. But before signing da contract they said cash wont deduct from bank if no cash inside and only deduct on 1st and 2nd of month. So i agree and sign da contract. Then this few month i've some financial problem so i havent put any cash inside my bank. So last week i've put some cash inside. Then just now i check, all balance gone. (eg:monthly shud 200. I put 400 inside bank. 400 gone). So i want to ask, let say i want to terminate this services, how many % they will refund to us?

This post has been edited by Coldf3ar: Jan 25 2012, 07:07 PM

Dear Sifu here, need your advise here.
I have existing GE life insurance and ING medical which bought 5 years ago and currently is still inforce. 2 years back, i was admitted to hospital for cervical spine surgery, to remove a tumor and i will say i'm with normal condition now. All check up is perfectly (MRI scan). May i know with my pass medical record, it is difficult to get additional insurances ? Pls advise or PM me. Thank you.

hi albhong...whether u can get additional insurance or not depends on the underwriter from the company. as for u situation right now the chances are that if u do get to upgrade or add on insurance there might be some loading. which means the price will be slightly higher as u are no higher risk or there will be an exclusion from any future illness related to cervical spine. meaning to say any illnesses related directly or indirectly to your recent surgery will not be covered if u upgrade.

It is best you could submit the proposal to respective insurance company. Different company has different judgement and decision. This same goes to the decision of underwriters. You can apply with monthly premium and see what is the result. If the outcome is not beneficial for you, you can return the policy with full premium refund **(minus medical report if applicable).

Good luck in trying.

Care to share your view about the plan?

Dear Sifu here, I have a question, hope you all can help me answer.

I bought GE GreatProtectLink with medical card (IL-HP150) in 2006.
Now that my income is higher, I wish to upgrade the medical card to 300. Can I do so? Or do I need to buy a new plan instead?

I recently met my agent (which is my mother's agent) and she keep insisting me to buy a new takaful plan with another medical card. She said the older IL medical cards do not have coinsurance and are easier to claim so she advised me to keep the old one and buy another new one. She also said that I cannot upgrade the medical card anymore because apparently GE no longer has the GreatProtectLink plan and has already replaced it with the new SmartProtect plan.

But main point is, I dont want a new medical card, I just want to upgrade the old one. If what she said is true and I cannot upgrade, can I just cancel the medical card and attach the new medical card to my ILP? Or do i need to surrender the whole plan and buy a new one?

Your agent seems pushy. You should shop around (different insurance companies and different plans) to see which suits you the best. Sometimes its best to stick to the old one (with/without upgrade) and sometimes its best to change. I'm thinking maybe the agents are being encouraged by the company to sell the new product and covert the old plan to the new plan.

Co-insurance is not necessarily a bad thing. It really depends on the needs and ability of the customer (however, no-insurance means higher commission for the agent as you have to pay higher premiums).

Co-insurance is good in the below 2 scenarios :
1) One cannot afford the higher premium (remember: if you can't save enough, forget about insurance unless you are the kind with weak health)

2) Those who have multiple policies which result in double coverage. In that case, the main insurance should be without co-insurance and the others with co-insurance. This will reduce the premiums paid and result in lesser double coverage. Win-win for you:hehe:

---

Added on February 6, 2012, 4:32 amAs others have said, just try different insurance companies. This are the type of people that are the most in need of insurance, however, this is the type that insurance companies are the most scared of . Very likely if you are able to get coverage, you will not be covered for illness relating to your previous ilness or illness that are close/similar to it.

---

Added on February 6, 2012, 4:47 amFor term insurance, you will not get back any $ if you cancel your plan. Profits earned from term insurance is not much, that's 1 reason why you don't get back any $

For life/savings insurance, you may get back a certain % of your money (depends on how long you have paid among other things). The amount you get back is very very little compared to what you put in. This however do not necessarily mean that you should not cancel. You will need to see whether you can afford to continue paying for it/are there other insurance plans better for you and so on).



This post has been edited by crac: Feb 6 2012, 04:49 AM

Check the fact.

Some product can not be upgraded. Some agent don't you upgrade because it is not new business for them.

If really can not upgrade, get comparison.

just for sharing..

I bought ING medical card standalone few years back. Last year they increased premium by 20%, which make me pissed off. That time i already displeased with the relatively low board rate and lifetime coverage (180 and 300k respectively). So when i was about to buy medical card for my wife n son, after shopping around i bought medical card under pruvantage. The agent told me on the co-insurance but up to 1k maximum.

I was ok with that since there is maximum copayment there plus i can get 300/day allowance after including that add-on benefit with additional rm300 per annum which i think worth it. After receiving policy, i read all the fine print and found something which quite shocking for me. The max limit of 1k only apply for hospitalization which means for prehospitalization, posthospitalization, home nursing, kidney/cancer outpatient treatment all need to fork out 10% copayment of total cost. No ceiling 1k anymore. And the best part is the allowance only cover the hospitalization. I said best part becoz earlier the agent said no need to worry on copayment since the allowance can cover that part.

Heheh felt misinformed. Then i double check my ING policy seems no copayment for all situation, only need to pay rm50 per admittance. Or is there any? AFAIK if doesn't mention in the policy that means no have. After double check also realised they have increased my lifetime limit by 10% and coverage age to 85 from 65 i think. Pruvantage only cover till 70, if want to cover more if not mistaken must take prulink which come with very expensive premium relatively. Suddently i feel great with my current med card. Heheh

but i still feel good with my wife n son's package especially the prupayor and pruparent thing which will waive the premium should something happen. If i were to choose to buy medical card for myself now i also dont know which i'll choose. Both also have own advantage..

Reason focusing on these 2 only:

- some other med card very good but has limited coverage for cancer/dialisys
- some other very good high coverage but has limited number of days of board, icu, etc..
- some other looks perfect but too expensive or attached to other package
- some have fine up to 20% of total cost if use board higher than daily coverage
- some very good, high coverage, low premium but dont have auto renewal such as sihat malaysia (still around!)
tq

This post has been edited by mucklampir: Feb 10 2012, 01:20 PM

I hope my reply helps you and other forumers. Thanks for the summary!

hi maxwealth.. Thanks for clearing up few things.. Neway got some other bonus question if u dont mind..

i) is it true ING standalone med card dont have copayment including outpatient treatment?

ii) if true then no need to upgrade to investmint link one since automatically will lost the no copayment benefit. Or can choose to stay the one without copayment even upgrading to invesment link? Can upgrade to plan 3 for higher R/B and lifetime..

iii) reason asking becoz currently have been looking around for investment link product due to some reason. But still doing the readings to understand the mechanism. Having said that, how to upgrade to ILP but keeping the med card which already enforced?

iv) should i dont want to upgrade to ILP and just want to upgrade the standalone med card to plan 3, is there any waiting period or other restriction await?

V) reason is the low R/8 and lifetime. Even only need to pay rm50 per admittance, but with R/B only rm180 will make me still need to pay few hundreds ringgit for the excess R/B. Nowadays very hard to find room below rm200 and very limited if any (at least based on my frens experience). So in the end even without copayment, i still need to fork own money whcih is getting worse the longer the stay. But problem reduced if i can get plan 3

thanks..

p/s Already start reading this topic from 1st page to understand on the ILP things, found lots of great info discussion. And suddently found my old posting when start asking med card 6 years back ;P neway anybody knows where can i get comprehensive explanation on the ILP especially on the distribution n calculation?

Tq

How many insurance agents are on this post?

Any from Takaful Malaysia, AXA Affin, Tokio Marine?

Just wondering, anyone knows what the Takaful Malaysia 15% discount is about?

Thanks.


Nnathan
www.compare-insurance.com.my

the website might be outdated/inaccurate..i noticed a few details of certain top insurance companies is either inaccurate or unavailable..so check out the comparison with a pinch of salt..