Dear Insurance sifu,

Recently, I came across this advertisement.

AXA 200 CancerCare
https://110cancercare.com/

- 50% of Cancer Patients Will Be Financially Broke A Year After Diagnosis
- 1 in 4 People in Malaysia Will Develop Cancer

It started me thinking on cancer treatment, a few questions came to my mind:

1. Does insurance medical card cover for hospitalization of early stage cancer?
2. Does it cover for treatment (chemotherapy/radiotherapy/etc.) for early stage cancer?

Thanks for helping to answer this for the benefit of those buying insurance.

Thanks lifebalance and ExpZero for helping to answer the question.

Glad to know that medical card covers for treatment of early stage cancer. This is a relief.

Understand also that Critical Illness claim does not necessarily pay for early stage cancer but subject to certain criteria.

Thanks for the help!

Dear Insurance guru,

Below is part of extract of projected investment return:

----------------------------------------------------------------------------------------------------------------------------------
Illustration of Expected Benefits under net projected investment return of Y%(8.50%) and X%(2.50) assumption

Insurance charges (at age 70)
Basic plan RM1290.96 Rider RM5867.75 (Total = RM7158.71)

Net cash value (at age 70)
Y% RM36,706 X% RM2,334

Yearly premium: RM3120
----------------------------------------------------------------------------------------------------------------------------------

Taking the more optimistic return (Y%), it seems like the cash value can only afford to pay for my insurance charges for the next 5 years (36706/7158 ) by the time I reach 70 years old.

My question is:

What will happen when my cash value is no longer enough to pay for my insurance charges at old age? Will my yearly premium double up to RM6000? This is because, I believe my yearly premium of RM3120 will not be enough to cover for the high insurance charges at old age.

Hope to hear your advice on this.

Thanks.

Thanks for your explanation on this, Keith.

I always thought that investment cash value can last until end of policy. The software/tool used to calculate premium will be smart enough to calculate this. I guess I'm wrong.

How can this be avoided? Because by the time I reach 70 years old I don't think I'll have income to pay the extra amount. Moreover, we are taking the higher projected return.

Thanks.

Thanks for the advice, Keith. Appreciate it.