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



Hi there, read your post, hopefully I could help you in this area.

As what you required, a long term card with cash value to cover cost of insurance in the future, usually we attach a medical card to Investment linked plan, as most of the companies do.

Let me just point put few points that you concerned of.

1- Co-insurance
AIA will only charge co-insurance on 10% upon over the co-insurance free amount. For a card of Room & Board 200, annual limit 115k, with NO LIFETIME LIMIT, free amount of co-insurance is 25k.

Example A: Mrs X admit to hospital, bill comes up to 22k, it is still below the co-insurance free amount, so Mrs X doesn't to pay (except the 6% gov tax, which implies to every company).

Example B: Mrs Y discovered a breast lump, one week later she hospitalised and remove the lump, total bill included diagnostic X-ray, consulatino and medication, and hospitalization bill comes up to 26k.
26k deducts the 25k free amount of co-insurance, there is 1k left.
So Mrs y need to bare 10% of the 1k, which is only[/B] RM100.
(Max co-insurance a year is 3,000)

2- AIA is renewable until age 100. (one and only in the market)

3- ILP top up...
Cost of insurance rise every year, say if now paying very less- like 1800 for an ILP with Life/TPD coverage, Critical Illness, and Medical Card...very likely in years later gonna top up ald. because the cost of insurance is higher that the premium you are paying.
If you are uncomfortable to pay big premium now, get an adequate one with comfortable premium. At least you get the coverage first, im sure in the coming years you will be able to pay more and get better coverage.

For your case, an ILP with
-medical card 200
-waiver if you can't pay anymore
-hospitalized income of 200@ daily
-Life 20k

2100- 2400 p.a

Btw, I travel between PJ and Ipoh.
Feel free to contact me if you need further advice.

Regards,
Mia
AIA Bhd
012 596 4689
mia.mdw@gmail.com