Medical card are suggested for severe sickness...I would think main cater for cancer treatment as 2016 in can easily go up to 500k.

When choosing a medical plan, do not think of how much you can pay monthly but what's the most expensive sickness cost.

Every 4 to 5 years review your medical protection, for standalone is easy and for ILP you need to keep add rider.

Nowadays more and more people is getting no annual limits. As annual limits is more important than lifetime limits.

Example..when you dine in a restaurant, bill comes and cost 700 but you noticed inside your wallet only have cash 300 even though your bank acc got 10k.

Try substitute,
bill cost = hospital bill
Cash in wallet = annual limit
Bank acc = lifetime limit.

Never think of lifetime limits when admitted to hospital. Do not think of going government hospital if you got medical protection. What's the point having medical protection but still go GH? If your r&b not enough to admit to private hospital, then why do you still buying it?

Most insurance from Malaysia can use it in oversea providing,
1. Less than 90 days
2. Malaysia doesn't have specialist or facilities
3. Emergency treatment.

When talking about above, then most of insurance company will have a limit. Some are rm 50k, some usd1mil per case.

This post has been edited by Ryannate: Apr 26 2016, 12:04 PM

Major reason sent back to GH is no money to stay private. Private hospital are more advance now but luckily Malaysia government impose certain rules that specialist Doctor must serve in GH in order to obtain their license.

Nothing related to not properly protected but technology getting advance and need to replace time to time, Doctor studies more expensive, facilities are better, inflation, rigging weak and etc..

No idea of what you pay is not what you get.

That's hit you really bad. I can understand what you been through is really sour. Most things happened because of human errors or carelessness.

ambulance fee should be covered by most medical protection except of inter hospital hopping. there are very few that provide inter hospital transfer if that hospital no required facilities or Doctor.

I would say your cases coincidently human errors.

My opinion only on medical protection based on your post.
1. Room and board is too low, ain't enough to cover single room in most famous private hospital. What's the maximum
stays?
2. Panel hospital?
3. Hospitalisation income, what's their requirement to claim that?
4. How many days can a doctor visit per day?
5. Can you asked them to quote separately just medical for comparison, then CI+Life in another quote .

1. 10 yr increase 100%, if being claimed before 10 yrs, does it still apply?
2. Too brief.. sounds like saying something means nothing
3. So is that means start counting from 1st day patient admitted? Is in claimable for private n government hospital?
5. There r different. Absolutely doesnt make sense to u because customer request.

1. If the r&b increase, will the insurance charges also increase?
2. Must reveal before purchased any.
5. No need to argue on this..just quote it and let customer decide. Admin fees are charged based on %.

5. Still need to quote.

English problems. No limit means infinity. Since the lifetime limit is 1.5mil then put annual limit is 1.5mil.

Or can use annual and lifetime limit is the same.

Seems like investment not attractive at all.

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.

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

We are going to launch mobile app for car insurance. You can buy it yourself just like buying movie ticket or air ticket.
Phase 2, the app will cover medical, travel, PA, 36CI and etf...you will have few insurance companies in the app for you to get the best quote of your needs...registration start now, and app will be launch at the end of July...

A good agent don't do comparison if want to be professional. A professional will assist clients for better options and worth of every penny they spent. Coverage archived, financial stable and gain.

I would say it's insurance based investment or whatever you claim it to be. If your money have nowhere to go and you r very self discipline and not daring to take risk or mitigate risk...good for you.

This is suitable for people who have bare knowledge of finance and insurance.

It is strictly depends on how you juggle your mind, I would suggest you look at it from the angle of financial point to understand how insurance means for yourself.

Life insurance...you understand it quite well, it is to assist to cover expenses while insurer are promoted abroad or mind dead. If you can find source which provide in par return or more than this, basically you can ignore getting this.

Health/medical insurance
This is strictly compulsory must get. Do make sure it is really can 98% can cover when admission kicks in. Or most Malaysian preferred to raise donations when severe sickness happens. You can find many true stories from the newspaper easily or fb.

Most employers will provide this to their employees, main reason is tax rebate, 2nd reason, employees normal admission or die, all the expenses covered by insurance company, hence employer saving cost. On the other hand, employees feel better because got free medical protection.

Rich people must get this. Normally we hear rich people are scare to die, nowadays they are scare to sick. Because they are protected their wealth by will and they don't want to spend their money when they are sick. Example. They are paying 6k per year to cover 2mils annual limits at the age of 50. When he got sick after 20 years and need 1mil hospital expenses. They are covered and still earning. 6000x20=180,000 spent but untung 820,000. What if never claim before, then you should be joyful because you are healthy.

Actually TPD do included in life insurance.

Firstly, why do you diagnosed it oversea and not in Malaysia? If Malaysia do have such expertise and equipments and you preffered and done it oversea. Then insurance company will not pay. If you are lucky enough, u will have some.

About CI,
i try to give you a story. Hope you can understand with my explanation.
When discover some symptom which not happened before, get doctor to screen and run some test. Some
money paid and keep the receipt. Duration one week to a month, report showed positive (either 1 of CI),
then some money paid again. Then seeking few more consultation and specific test, spend one or 2
months. Some money paid again....
Finally, doctors said its early stage, some said 2nd stage, some said 3rd stage....then patient will decide
who to listen and what decision to make.

After decision Make and seeking for that doctor, and mentioned wanted claim from insurance and requested the doctor to cerify of that sickness....experience doctor will do it but no so experiences doctor won't do so. If certified, then only entitle for the CI Claim.

Some symptoms showed might be certain illnessese, if doctors affirmly sure, non of them will certify for you unless those willingly to share some portion of the CI claims.

The process of claiming CI is not as easy and many grey area for that. From above, do notice that there are kind of numbers of money being paid which is not claimable.

If you are holding medical insurance, it's another scenarios,
Medical insurance starts to take over your expenses after doctor report suspected any critical illnesses. And the receipt which you paid for all screening can go for reimbursement.

The differences between CI and medical insurance.

CI and life insurance, work the same, only payable when certified by professional recognised by Malaysia government. Such as death certificate and police report.

CI is consider a sum of money provided if you no more able to make money or sustain yourself and family. But that sum of money won't last long. It will last a bit longer if you have medical insurance.

Cover it if you can and its not expensive.

About ILP you asked earlier on. If you have other way of generate income more than 4% per annum or monthly beside your job. Forget it. If you really want to invest on it or no other way. Please go to banks. Remember this, insurances are strictly for coverage as that's their profession. For investment, go investment am or banks, as that's their pros.

I got a story to tell, if you find it meaningful , you are allow to adapt it.
Let's say when you go shopping in an electrical goods shop. Some promoters promote to you, this new tv come with, DVDs players, modem to connect on Internet, amplifier, subwoofer and surround system all in one remote at one price you get all. Then you bought home, then few months later Modem Rosak..
So will you send to fix d modem as under warranty or continue using your tv. If you send, then you he no tv to use.

That's all

As my point of view, it is the same..it just that when the cake was enjoying by somebody through the years, the other group are kicked off the table to enjoy the same cake or they wan to have their own cake, then they baked their own cake with their own recipe to cater the group they are handling it easily..

That's it means same to me.

If really study deep enough, you will know which process are efficient and which is tediously.

Very subjective on your question...I would say you can either terminate it or don't...the choice is your hands, but do study what in your hands before making any regretful decision...

I don't think they is a conversion from ILP to non ILP. so, you either terminate one there and get a new one here, or holding 2 policy d same time.

As for myself, 5 years is nothing..I would hold if more than 15 yrs, and terminate it when got matured. if less than it to me...I definitely will not have a second thought of terminate it but do get a exit plan first before termination come into picture.

Do have an exit plan, eg like information of the last entry age per type of insurance you wish to purchase as once those ILP matured and you surrender it. If you surrender u will not have protection anymore for ILP. Another thing is most ILP plan do put on a mature age that once you surrender, you won't be able to get a new insurance policy as over the last entry age, end up you are holding those surrender value to protect yourself or won't hv any cash value but holding the protection till eat up all d cash value that u accumulated over the yrs.

Some policy to attached along with few charts, one of the chart will shown projected returns or cash value, one column with the lowest % return n the other columns with highest % return. This return is projected and non guarantee. This chart will show total accumulated amount per year. You can calculated the growth of % each year. If the % less than those outside which can offer, do consider to swing. When you look at the chart, you will notice the amount will start reducing on that year onwards and then till certain years...it will shown ---. That's mean ur cash gone and u hv 2 choices here...either pay an expensive premium for that outdated protection or pray that you are in good health.

99% insurance agent do not explain this chart to insurer..hope this helpful to you for better decision making.