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i have heard many colleage mentioned GE Smart Extender give lifetime no limit

what is the pros and cons?
i read from here https://www.greateasternlife.com/my/en/pers...t-extender.html

why the patient cannot claim full 60k from the SE60K plan when the deducible is 60k annual?

Their medical card have to claim 60k from the Original Medical Card before it can claim from the Extender.

Thus your lifetime limit is limited to 10x of the original medical card limit.

thanks for the info

i notice there is other plan as well like 120K plan
meaning that if it is SE120K plan, have to reach 120k from original medical card only can claim from extender?

e.g.?: 130k claim in a year, 120k from original, 10k from SE120k plan? am i right?

then why peoples said it is lifetime no limit
after that finish all the allocate limit from original medical card, then all claim from extender?

Nope, from what i understand, the Extender only kicks in after you pay up 60k or 120k deductible meaning down the road when your medical limit is fully utilised. You have to probably fork out the 60k to 120k cash first then the rest paid by the extender.

Not sure how it works though you might want to read the policy medical card benefit.

is ok, just want to understand more here

so extender just additional plan for more coverage in summary... because i keep on getting info from friend or colleague their plan is unlimited life time, i was wondering how it works

thanks anyway

No problem, as for AIA, the annual limit will not be restricted based on deductible, the medical card + booster will equal to 1.1m with no life time limit.

Cause the extender version really has no lifetime limit. Extender do have a deductible amount and will always apply...

no limit but with deducible amount? what does that mean? e.g.: SE60K, deducible is 60K? meaning no life time limit, but can claim 60K?

They trying to tell that if SE60k means you only entitle to claim after you pay the first 60k. Example if the bill is 75k, means you only have to pay 60k and the remaining balance will be settle by in.co.

oh okay, thats more understandable now

You might want to get that agent to quote you one with waiver. Without waiver just doesnt really make sense for me.

As I look into certain vital points for a comprehensive plan.
There's some elements that your agent HAVE TO put in for customers own benefit(customer may not know how important somethings are)

Put it this way... if it has a deductible amount, in this case 60k (60k per policy year), so every year, as long as the customer bear the first 60k (whether with another medical card, or with your own money), the hospital bill willl be claimable under SE60k, and not subject to lifetime limit.

Example:

1st year hospital bill... 300k... SE60k will cover 240k
2nd year hospital bill... 3mill... cover 2,940,000
etc... etc...

No lifetime limit lo.

My point is trying to tell you, yes it's true it is no lifetime limit, BUT not as straight-forward la. i'm not supporting any insurance companies, just laying out the facts.

I would definitely find ridiculous if I need to fork out 60k for a surgery later on in life though especially how many people who pays 2400 premium per year or earn a yearly wage of 30k per annum, say a surgery cost 70k, can they afford to pay upfront 60k and another 10k for example to be paid by the insurance company?

This post has been edited by lifebalance: May 5 2016, 09:04 AM

That's kind of complicated. Why don't just simply get a medical card that can simply throw into any hospitals and let the card settle all bills, you walk out from hospital after you being treated and not even bother to call agents for help or with any cash or with another medical card

That is why a medical card without deductible or lifetime limit is the best choice. Why go through so much headache just to save a couple of hundred to trade off for your long term well being and worries ?

Your insurance policy should be one that should leave all your worries to the insurance company rather than you after buying one and continue to worry.

Got a quotation for ILP at 200 per month that has 45k DB, 150 BR, 900k annual limit and no lifetime limit. The coverage is whole life. Is this standard guys?

Btw I am 29 years old and non smoker. Have no prior medical history too.

This post has been edited by coolguy99: May 5 2016, 09:10 AM

What kind of coverage are you looking in overall ?

Any budget in mind ?

I am looking for medical coverage.
Mainly hospitalization.

Noted, any preferable budget in mind ?