Outline ·
[ Standard ] ·
Linear+
INSURANCE TALK, ok let start
|
blu.sockz
|
 Mar 15 2012, 05:52 PM
|
New Member
|
Hi guys, i know i can find many helpful agent/non-agent from different insurance companies here. I need advice in looking for a medical card/plan.
Here's my detail:
-29, non-smoker,office worker.
-Currently already have a life-ci-tpd plan for 3 years.
-am looking for a long term card that can be attached to a plan in hope that future fund/cash could somehow help reduce the card cost in future.
-currently company provide medical card for coverage.
I've look at a few cards in general (but not in detailed) and of course each has their strength for comparison. Below are my concerns and please add on if you see fit.
ING - No co-insurance which is good but low annual and life limit coverage in comparison. Generally talking about middle range plan of RM180/RM200 where the coverage is the limit is 110,000/330,000. Do you reckon this is a low in seeing current and upcoming trend of inflation as well as medical cost?
PRU - Has co-insurance and can add premium (need to pay extra) to get hospital allowance to kind of offset it. Premium wise is of the higher range and expensive. What other benefits to it that justify its higher range premium? appreciate your points for discussion sake.
Alliance - one of the most competitive premium i would say while it gives high coverage. As noted, it mentions that the claims are mostly subject to Reasonable customary charges - how can we get more details about this clause?
Above are the only plan that i manage to get some information for comparison. And below are the other questions that I hope to get an answer from these companies:
1. if exceed room and board limit (say 200), will there be 20% co-insurance or additional charges?
2. are they guaranteed renewal? if yes, till what age limit & then subject to yearly?
3. do you see the need in topup cash to the fund (for ILP) in the later stage? as early as 50?
That's all i have for now, thanks
|
|
|
|
|
|
blu.sockz
|
Mar 16 2012, 09:41 AM
|
New Member
|
QUOTE(MNet @ Mar 15 2012, 11:47 PM) Allianz clause 1.Conditionally renewable. The renewability of MediCover is at the Policy Owner’s option. We guarantee renewability with the condition that we continue to write this line of business. * I assume this equals to guaranteed renewal (as long as PO intends to continue with the policy). Great.2.If the Life Assured is hospitalised at a Room and Board rate which is higher than the eligible benefit, the Policy Owner shall bear the difference in the Hospital Room and Board charges as well as twenty percent (20%) of the other eligible benefits described in the Table of Benefits, subject to a maximum of RM1,000 for Any One Disability. * That means it will trigger the 20% co-insurance onto the medical cost incured but good thing is limited to RM1000 max. Thanks.3.Depend on how many rider you buy and how much u pay per month. This can be estimate by view the cash value at the quotation that generate by insurance company software. * Will have to refer table generated on the quotation then.Thanks for the details Mnet...
Added on March 16, 2012, 12:47 pmUnder Allianz medicover, i see that there is PayorCover where it waives the premium payment onward and get to claim the insured amount. Does it only apply to stage 3 of CI? This post has been edited by blu.sockz: Mar 16 2012, 12:47 PM |
|
|
|
|
|
blu.sockz
|
Mar 23 2012, 11:45 AM
|
New Member
|
QUOTE(Awakened_Angel @ Mar 23 2012, 11:41 AM) I bought it... after that, only the agent told me that I need to PAY FIRST medical fee then only claim from them... I said.. IF I GOT MONEY to pay FIRST, I wont buy from you loo... he kept quite.... Imagine this... you met in an accident, need surgery or die, RM 100K... you got no money, call the agent, he say, you pay first, then take the bill to company and we claim for you  my understanding is if u are admitted to panel hospital, you dont have to do the 'pay first and reimburse later' process...no? |
|
|
|
|
|
blu.sockz
|
Mar 23 2012, 12:08 PM
|
New Member
|
QUOTE(Awakened_Angel @ Mar 23 2012, 12:04 PM) Panel hospital in Kepong, you met accident at Seremban? drive all the way from seremban to kepong?
Added on March 23, 2012, 12:06 pmgolden rule, dont withheld information from them, else they pusing when come to claim... and again, dont look for young agents who drive big cars... they are out for fast money and commission there are 5 panel hospital in sban wor... |
|
|
|
|
|
blu.sockz
|
Mar 23 2012, 12:22 PM
|
New Member
|
QUOTE(Awakened_Angel @ Mar 23 2012, 12:10 PM) example dude... example..... what if not available example..... case scenario of IF IF is their best weapon..... and we lose to them in term of IF.. they got the best actuarial sciencetist to make sure we lose the battle of IF
Added on March 23, 2012, 12:12 pmanother rule is .............when they say got this got that? ask them to SHOW and EXPLAIN what is say in the contract or policy... not some TALK COCK and got include everything i can see your frustration and probably you had bad experiences before...yes, we need to understand what we buy or else we will end up in unnecessary argument. |
|
|
|
|
|
blu.sockz
|
Mar 23 2012, 05:18 PM
|
New Member
|
Well, I think we understand that agents are normal workers too who want to earn a living. They are not priest or monk with ntg to worry but just help ppl disregards money value. Im sure there are good and bad apples among all which agents agree too. So we ourselves have to be prudent and not to believe in everything they say, but research more and ultimately believe in what we read from the contract. Though, usually the contract is not termed in a very user-friendly format and at times difficult to understand. Still that is what we have.
|
|
|
|
|
Quote
0.0524sec
0.37
7 queries
GZIP Disabled