I was thinking of :-
1. co insurance and no limits - basic or standard insurance policy always highlighted there is a limit per year. Lots of term insurance out there with no co insurance. pacific, pru, allianze, msig n others.

2. bare in mind those private hospitals which in your list, do check for their current room rate and increasing yearly. If admitted to hospital and no room need to appeal or write in to get upgraded. This is very risky. Think that those who admitting to hospital, is that emergency or not and how long it takes to appeal and during the waiting period how long could a patient wait. This is life factor. dont play play with those words from irresponsible agents.

3. Discount by hospital might be true but where is the prove? if difference of roomrate not much, do you think they will waive it? I am not saying it is impossible but I wont be easily sweet talked by agents.Remember that insurance company also doing business same like banks.

Why need a medical card? how much will a severe injury or sickness cost today? what kind of hospital i am entitle for or panel of hospital.

I know when I sick, I must have a medical card which really can rescue me without trouble others. i am holding a rm350 r&band 450k annual limits with no co insurance and rm300 cash allowance per day regardless of general or private hospitals. panel hospitals currently up to 104 hospitals and free body checkup yearly.
monthly only paying rm168 at my age of 37

I thought nobody will be covered for protection if lapse of payment to any insurance company regardless either stand alone or ILP/saving.

That means whatever fund or premium holiday emptied (used but might need to pay back) also no longer cover by any insurance company. I try to reinstate that no premium pay means no coverage regardless what type of protection plan.

There is no such thing as free lunch in today world. If your age is 30 now, pay for 30 years, how much con you accumulated? with this amount then how long can it sustain of years to cover your protection? what if only cover about 5 years only. If that case, you have to pay it onward at the age of 66. How much can you save for this 30 years as you dont have another 30 years to waste. I think it would be helpful if you pay high premium high percentage on investment.

This post has been edited by freewisefly: May 31 2013, 10:26 AM

For any type of insurance, it is recommended to get a term insurance or some called stand alone insurance. Why? Because you need to review your insurance plan every 6 - 8 years so it can really protects you in that moment.

All insurance charges are based on age group. If any agents tell you it is not, then I advise you to change your agent as it is clearly stated all the charges in your policy.

You have done a great job to steady through your protection plan, and it is good to have a knowledge of insurance. Since you have touched on medical card, I would advise compare about few important things about it.
1. Room on board and days coverage - Room rate increasing yearly, that's why need to revise your plan every 6-8 yrs. why I need to get a medi card and yet still need to pay for the rate differences.
2. Annual limit - Make sure it is enough to cover. The more the better. Don't think of lifetime limit as nobody will thinking of lifetime limit when they are admitted to hospital. If your annual limit is not enough, definitely you will end up in government hospital then why buy medi card.
3. Panel hospital - make sure your insurance company do provide the highest panel hospital. I dont want when I use it then that hospital says we are not your panel, you need pay first then you claim it from your insurance company.
4. Charges on age 60 - 80 years old. Make sure you can pay it monthly at that moment as some of us are retiree.
5. It is recommended to get medi card cover up to 80 yrs old. don't think of 100 years old for the moment, cause it is not advisible.
6. No co-insurance and guarantee renewal.
7. Cover internationally
8. Emergency evacuation per case is big enough.
9. I found my policy stated that insurance company had no right to amend or change the contents of my policy. I found this is very important to me.

Just drop 1, if you feel it is burden you. And make sure you do body checkup yearly to know your health condition then using the card. =)

This post has been edited by freewisefly: Jun 1 2013, 07:37 PM

For information only.
All insurance agents do not allow in requesting any clients to cancel any insurance plan. If any insurance agents asked any of you to cancel it and buy a new plan from them. The commission also won't credited to the agent. That's why any agents approach you only advise you to upgrade your existing plan, then only they can get the fruit to their mouth. This is nothing to do with professional issue.

Are you sure that cancel company A policy and purchase company B policy, the commission will go to Agent of company B?

Some basic knowledge of medical card in Malaysia.

Most insurance company outsource or hire a service agent company to run their clients' admission process and claims. It means no insurance agent will be handling admission for their clients anymore except some insurance agent still doing such due to their insurance company not charged any 3rd party handling agent. Any agents who do so eventhough handling by service agent company it is out of their courtesy.

Have you thought of why only medical insurance come with card and others insurance protection not?

In Malaysia, there are 2 big company handling such service. There are SOS and AAN. Most private hospital don't deal with insurance company but these 2 company.

If you can claim it easily for medical card it simply because of these 2 reliable company which alliance with private hospital world wide.

If you not sure which one yours belongs to or charted to, simply have a closer look on your medical card. If you want find out more, you can googling it.

All private hospital wont bother which insurance company you get your medical card. They more concern of who is the handling agent (SOS & AAN).

Why some insurance company have less panel hospital and some have more? It is strictly how much your insurance company pays for their services. Up till today if I am not mistaken, AAN had 106 panel hospitals in Malaysia. These companies ganrantee your bills. If you wanta know more about the process, you may PM me.

Many have ask what is SOS and AAN. Attached website for your reference.

http://www.internationalsos.com/en/asia-pacific_malaysia.htm
http://asia-assistance.com/index.php?mid=4

I would like to find out about this as well but as to my understanding that medical claim definitely only can use 1 which is the original bills.

How would anyone know beforehand which medical card to use when admitted to hospital? In common sense, human will choose medical card with highest annual credit limits as nobody know how much will it cost.

2nd is why having 2 medical card? I would choose to have a 450k annual credit limits for my medical card to avoid all those troubles. Of course everyone want that but it's too expensive. I would say yes if you buy with investment link or saving plan. I bought a standalone and I have no problems of the discussed issue above. It only cause me rm112 per month. 3 yrs back i was paying rm300 per month with room and board rate = rm150. As I noticed it is not even enough to cover basic sharing room rate at hospital. I switched to pacific insurance medical card with my room and board rate at rm 350 much higher than my previous 1 and i only pay rm112 per month. I have saved 188 monthly and i put in to investment and it's more than what i saved in insurance link fund and the most best part is i can withdrawn anytime without any interest compare with insurance company. Be wise all of you.

Understand pretty well of the T&C as I persoanlly met Pacific GM to explain 1 by 1 to me.

Don't get to personal as you might be the one.

I don't recommend anyone get up till age 70, but none of them afford to get cover up to age 80. I do consider this as one of the fact need to consider. So my answer is covers up to age of 80. How much would your insurance charges for this coverage at this age, if you don't mind sharing with me. Thanks.

Thanks bro, I had few question need to be clarify. Pls assist me. Thanks
Is there any bigger room and board such as rm300-500?
Is there any limit per disability?
Is it cover internationally?
Any cash allowance during admission?

Thanks.

How much would it be at the age of 45? 65? 75?

The price is very attractive. One last question. If let's say all lifetime limits being used up at the age of 50. Do I still need to continue paying for up to age 80?

Thanks for the information, and for the time being, I still prefer my existing plan. I will do my review every 5 years due to inflation and medical cost increase annually. To my surprise from bank negara AKPK report stated that Major number 1 credit card debts are from medication and it holding 26% from the statistic. Another report showed that whole malaysia only 14% of the population have medical coverage. That's why we see lots of asking donation and funds from the public. From time to time, I always bring this message across to anyone. That's why I don't look for low coverage on room and board, annual limits and cash allowance (This is very important indeed if you are major income of household and lying on hospital's bed for a month, and your boss won't give you any salary on that) This cash really can help lots of people to settle their monthly commitment. And no co-insurance because it is burden to the customer. International coverage is important not just for international but domestic. It's stated any range above 100km will be cover. I am more concern of this as they are many staying at places which doesnt not have private or government hospital within 100km. As this benefits won't cause any deduction from the said protection limits.

Thanks Bro..

There is good and bad about individual and group.

Since your friend is dealing with heavy machine industries, if your finance allows, it is suggest to get PA for all workers and 2nd is medical protection.

If by group, it means all workers shared a sum of amount, it is cheap because it's only cover till the retired age (either 50 or 60). it might either beneficial to the family or the company. It might be bad for workers who is retired/resigned /sacked because they can't have coverage once they leave the company due to group insurance.

If your friend is genuine to workers, it is wise to provide them individual plan as they can have full benefits of it and can be renewed once they sacked/resigned/retired up to age of 80.

It is advise company to get insurance protection for employees as it will reduce the cost and problems if anything happened to the employee. Risk control.

If you need more information or any inquiry, you can pm me.