Hi,

I would like to know if there is any insurance plan for pre-existing disease? I am diabetic and I am looking forward to purchase insurance coverage for rm200k for life.

Thank You.

Hi Sir,

Since your company did not providing the service, do not assume that you know everything about insurance from top to toe. There are insurance that do cover pre-existing illness. It's ok if you don't know about it. We are all learners and we are in process of getting to know things gradually not up straight. I have attached the part where AXA includes the plan for your knowledge.

Hi Sir,

Since your company did not providing the service, do not assume that you know everything about insurance from top to toe. There are insurance that do cover pre-existing illness. It's ok if you don't know about it. We are all learners and we are in process of getting to know things gradually not up straight. I have attached the part where AXA includes the plan for your knowledge.

Hi guys, I believe this is the product I was approached by RHB.

Essential Elite SaverPlus

http://www.kinibiz.com/story/corporate/911...new-policy.html

Is this a good product?

I came across this medical card called the Medisavers from Pathlab..

Underwritten by Lonpac Insurance..

Here is my concern:-

As a general insurance policy, in normal case, the insurance policy are subjected to yearly renewal which are not guaranteed.. But in this plan, the insurance company offered "Guaranteed Renewal" in the policy and also mention a clause on "No alteration" clause..

I would like to seek for unbiased advise on this matter..

I personally see the Guaranteed Renewal as a risk although was confirmed in the policy as what sort of treatment or remedy will the clients have if the company at the end of the refused to renew the policy.

All comments and sharing are welcomed..

I came across this medical card called the Medisavers from Pathlab..

Underwritten by Lonpac Insurance..

Here is my concern:-

As a general insurance policy, in normal case, the insurance policy are subjected to yearly renewal which are not guaranteed.. But in this plan, the insurance company offered "Guaranteed Renewal" in the policy and also mention a clause on "No alteration" clause..

I would like to seek for unbiased advise on this matter..

I personally see the Guaranteed Renewal as a risk although was confirmed in the policy as what sort of treatment or remedy will the clients have if the company at the end of the refused to renew the policy.

All comments and sharing are welcomed..

Do you have the actual policy wording or disclosure sheet or the brochure?

It was found in the policy..

But i am concern about the protection that the policyholders have although the wording is inserted in the policy..

It was shown to me by my friend.. But I am just worried..

I tried googling, is it this one?

"Lonpac-PHM-MediSavers-2015-Product-Disclosure-Sheet-2015-07-06.pdf"

Yes, bro...

Duty of disclosure
Consumer Insurance Contract

Pursuant to Paragraph 5 of Schedule 9 of the Financial Services Act 2013, if you are applying for this Insurance wholly for yourself/family/dependants, you have a duty to take reasonable care not to make a misrepresentation in answering the questions in the Proposal Form (or when you apply for this insurance). You must answer the questions fully and accurately.

Failure to take reasonable care in answering the questions may result in avoidance of your contract of insurance, refusal or reduction of your claim(s), change of terms or termination of your contract of insurance.

The above duty of disclosure shall continue until the time your contract of insurance is entered into, varied or renewed with us.

In addition to answering the questions in the Proposal Form (or when you apply for this insurance), you are required to disclose any other matter that you know to be relevant to our decision in accepting the risks and determining the rates and terms to be applied.

You also have a duty to tell us immediately if at any time after your contract of insurance has been entered into, varied or renewed with us any of the information given in the Proposal Form (or when you applied for this insurance) is inaccurate or has changed.

The disclosure sheet does not mention anything about guaranteed renewal nor does it say anything about "alteration clause". However at the end there is a note that reads

"Note:
This list is non-exhaustive. Please refer to the policy contract for the full list of terms and conditions under this policy"
As you know for General Insurance the contract is to be renewed yearly and perhaps you should ask the agent why are you still required to disclose material facts if it is Guaranteed Renewal?

Assuming if this year a claim for a heart bypass has been done, will the policy be renewed next year without any Exclusion on the heart and accepted as standard rate without any loading? If yes, then why ask for my health declaration again?

Firstly, thank you for all the informative info from all the contributors here. I find it very very useful for me.

I have a few question though,
1. How about some of the products that say no medical checkup required? For example PruWarisan, the minimum coverage of RM350k no need medical checkup right? So then, do people with diabetic and hypertension can apply this?
2. In takaful right now, there seem like a trend now that most of agents keep promoting hibah/income replacement etc. From your opinion, which one should one focus first? Income replacement or medical card?

Many thanks!

1. Unless its GIO offered to you. There is no such thing as no medical check up required for diabetic and hypertension unless that insurance company is doing charity to all these people.

2. It's not a trend, each individual has different need. There is no 1 plan fits all. Talk to a life planner to discuss on your financial matters.

So there is no generalization in this matter? Because in my thinking, one should focus first on his income protection. If one falls sick, at least there are government hospital. But if one dies, there are no one to help his family expenses if he not having any life policy.

Firstly, thank you for all the informative info from all the contributors here. I find it very very useful for me.

I have a few question though,
1. How about some of the products that say no medical checkup required? For example PruWarisan, the minimum coverage of RM350k no need medical checkup right? So then, do people with diabetic and hypertension can apply this?
2. In takaful right now, there seem like a trend now that most of agents keep promoting hibah/income replacement etc. From your opinion, which one should one focus first? Income replacement or medical card?

Many thanks!

So there is no generalization in this matter? Because in my thinking, one should focus first on his income protection. If one falls sick, at least there are government hospital. But if one dies, there are no one to help his family expenses if he not having any life policy.

It really depends on what the client is looking for and need. Hence it is always advisable to meet up with a professional agent that can share with you the options once he/she gets to know your financial situation.

For Allianz at least, the medical card and life insurance comes together.

Best,
Jiansheng

1. The PruBSN Warisan no medical exam required is only applicable if no prior claims and standard case.

Diabetic is UNABLE to apply, whilst for hypertension there may be a need to do ME depending on prior health condition and BMI.

Do expect Loading for hypertension on the life

2. Both are equally important and both are taking care of providing protection, one from the huge medical bills and another providing income replacement to your loved ones when you are not around (either hibah or as a wasi).

Yes you are correct that one can still fall back on Gov hospital. But do not expect everything to be free. A client father with no medical card got admitted for a broken leg and metal implant is required. GH request the client to pay Rm5k for the metal implant.

If you are okay with this GH arrangement then you may only want to look at the life cover or critical illness cover.

What you prioritise might not be the same as the person next to you.

What you prioritise might not be the same as the person next to you.