You may not searching hard enough or you approached the wrong insurance co. But i do agree most agents dont sell standalone medical card as income matters.

For standalone medical card plan, most agent only get few hundreds Commission but for investment linked , they earn 4 digits. So which one do you sell?

On top of that, most insurance co only brainwashed agents to get sales. It is not like old days which they care for your protection.

Of course they are plenty good agents out there which care more about your protection than their income.

Standalone medical is far beyond the par of investment linked medical plan now.

Major reasons are that stand alone is cheaper in any age caps compared to ILP. Prove can be found out on both plans holder policy under insurance charges schedule.

This guideline had been imposted by bank negara to all insurance company including the agents Commissions and all the hidden charges.

Old plan holder do not find this in your old policy, only recent years bought do hv. If yours not showing this, you cam request your agents to get it for you.

I wanted to highlight here is regardless traditional medical plan or investment linked plan, the insurance charges is quoted based on your age, no insurance co quote you regardless your present age, whereas investment linked medical plan, they used the term 'premium' to include all charges.

i just sharing on my concern of anyone who is interested to get insured and avoid them being twisted into one of the burden in their lives

above request is not worth for the moment as i personally categories that is below par protection. I try offer you a better option.

Please provide your occupancy and health condition.

Sorry to avoid misunderstanding about bank negara rules and regulations. What I mean is all insurance company must attached all the charges in the policy. Charges such as insurance charges schedule, commission distribution schedule, non guarantee premium vs investment schedule, management fees scale charges.

You can clarify it from your policy first page with bank negara contact number and address. Bring your policy to them and ask whatever info or related documents from them, they are happy to serve you.

If whoever feel being cheated by insurance co, you can go and seek their advices.

In Malaysia, insurance company don't cheat you as there are contract stated black and white with you. What I only can tell based on my knowledge is only agents tricked you, but some agents also innocent because they selling the products because the company asked them to do so without fully understand the product values.

if all the nations like you, then Malaysia may have a better day tomorrow.

At early age, standalone is higher, but you will find out when start from age of 65 onwards, Insurance charges from ILP is 2x the traditional plan.. hope you can get the answer soon.

Bro, definitely would not be enough And this is under insurance co projection too then they will provide some solutions or some marketing stretegy waiting for you.

but do remember these Questions before you signing up.

1. Whatever projection of investment and saving are not guaranteed.
2. Whatever returns or cash value basically is to cover insurance charges at your age said 80 but 99% of insured person wont reach there. Especially you linked with a comprehensive medical plan with a room and board of rm300 and above. Plus up to 100 years old.
3. Let say you buying at age 30, then you pay up to 80 years old, thats mean you are holding of a 50 years old plan and which may not served in future due go increase in inflation and medical charges or economy matters. Would it enough to cover from the returns? Would it be worth holding that long with a small returns?
4.in order to avoid above happened, they will pursue you with better coverage or investment plan from time to time. Even mention u r holding an stone age plan.Thats mean from time to time you either get a few upgrade plan or few new insurance policy Because u lack of insurance knowledge.
5. Then you may end up keep paying till you do not know what protection you are holding and sick of paying it Or broke or unable to pay anymore because it is a burden. At the end, you may start blaming insurance co.because dont get what you been told Or lapse or don bother d return anymore n wan to quit but don dare to call them because u afraid that they will haunt u with another policy.
But you only will find out min. 30 yrs later then you actually have nothing from the investment.
Before you done so, do have a good knowledge of insurance and do not fear to query as many agents ad possible. This is their services for u n are charged from your premium paid. Another bonus from me is think carefully Because you dont hv many 30 years to waste.

My advisr for you, pls go compare the insurance charges for same benefits such as room and board rm300, no coinsurance, 1mil annual limit , no lifttime limits for both plans from age 45 to 80. why i wanta put example using medical plan for comparison because among all the protection, medical protection are the most expensive plan compare with life, 36 and pa. With a comprehensive medical plan you can see in ilp plan returns will not gain fast enough to cover your insurance charges. If you are lucky you only worry during the tenth yrs if you are not u will see the effects on the 8th years onwards.
Thats why they means by buy at early age, so you will have more cash value........(avoid telling you the other part which is so you still can enjoy few more years of protection by deducting ur cash value yearly when your premium not enough to cover your protection, and if you surrender you holding the money yourself to protect yourself)
Good lucks Bro

Try this.. add up both plan premium, then go tell the agent that you want to buy a policy with that budget. For sure you will find out that new proposal are far better than you holding now. Choice is yours.

From my knowledge, all ILP products nowadays same as what your parent been paying for you, only different is high death benefit, low medical benefit, high premium and still low premium if compare with the money invested in insurance and money invested in bank for products such as unit trust ot bonds.

Many in here, have told many times but Malaysian still in learning stage even though you are 30 or 50. That's why many still feel cheated by agents and blame it on insurance company.

Many people here strongly advise you, insurance is for protection and investment please go to finance institute. Don't let insurance company to help you in investment because they are asking others to help you invest...arghhh..still teaching this..

You mentioned your cash value of 116k...I can tell you all, yes all that out there who bought ILP, your cash value never be that much as your agents or policy TOLD you. Stop dreaming.pls...

If you are lucky enough, you get back what you been paid for, most out of it, got what's less than they paid.

Only for those who paid rm500 above a month, you get more but still go back the same with 2 issues, I) invested in the wrong tools with better return, I I) still low medical benefits, because if high medical protection will it up all your cash value in 10 years time.

So stop looking at those plans.move on and don't repeat the same things here. They tell you can add on...it still another new policy with different product code and that's mean you paying more for a small protection.

Many out there are holding few policy but if add it up..you can get a super classy protection as the riches than holding a rotten policy now. Life must move on..the more you holding the old one, you will never get the better one...same as you job, your car, your gf, your hse..

Hi,
You are lucky that you still have balance 10k before hitting the alarm compare to those that have exceed the limits. In realtime scenario most patients will ask doctor for an estimation or quote for the overall cost (admission, surgery & hospitalization) before decision made. Most of them when they heard the cost, they will change to GH because whatever they insured was unable to provide a good risk management plan. If they insured but admitted and treated in GH, why buy medical protection?

My suggestion is try get a new one with full declaration of your existing health condition. Some insurance company will accept your case. If your high blood pressure not too high shouldn't be a problem. To control that I would suggest you take exercise and have enough sleep. Some high blood cases are also cause by stress from work or home.

If you able to get a new one with full coverage. Wait till it's over the cooling period then you may terminated your old one.some insurance co. Cooling period is 120 days some are 30 days and some are 180 days.

Lon-pac and pacific insurance do cover accident+hospitalization.

Normally they pay 10% of the bills, we called that co-insurance. There are plenty insurance company out there can cover you with full payment without co-insurance and better protections and limits with cheaper price.

Those of your doubts are mostly as fear factor created by agents to haunt you.

Particularly I am kind of concern of this clause, and I found not many insurance company without this clause.

I found out only Pacific insurance, Lon-Pac insurance and Prudential insurance without this clause.

Another clause I found out only Pacific and Lon-Pac have guaranteed renewable.
Last one is " insurance company does not have the right to amend or alter the policy benefits of policy holder........

That clause only I found out in Pacific, Lon-Pac and Prudential.

Although some mentioned it did not happens for the past 25 years but I still feel it is better to protect myself first then pointless arguing when it happened.

Example of mine.

All must stated in the policy as a must from BNM including all clauses, charges (insurance charges and management fund fees,, returns (non guaranteed) and commission . Policy is a contract blinded (black and white).

All insurance must submit their portfolio proposal for BNM approval before in the market.

All insurance companies must get their license from BNM.
All insurance companies are guaranteed by BNM.

Conclusion, whichever company you purchased to protect yourselves will surely pay or reimburse according to the policy (Contract)

Don't buy reasons given such as my company can claim fast or my service can guarantee you to claim or shortcut to claim.

[quote=supersound,Apr 9 2016, 11:59 PM]
[QUOTE]Well, before I sign up, the agent says it can be claimed, but when I need to claim, he said too many fraud claims.
[/quote]

Mind to share what were the claim or under what circumstances your claim being reject in here or pm me...you have raised my curiosity ..

What a....since when that can claim? :/ Never as I know since 2010. One thing that I know prudential medical policy do not accept claim for new method of surgery for severe sickness and do not include equipments such as pacemaker.

normally medical card is common term. Medical card is used to hospitalisation and surgecal. When to use it are subject to doctor consultation.

For fever, flu or normal sickness, is not usable for medical card except doctor ask to go hospital for further screening or hospitalise. Example having dengue. Few days of fever n cool, then doctor will ask u go hospital.

For normal sickness, there r company provided by AA(asia assistant) and SOS. These company provide clinic card for employers. There are many packages and caption per visit.

as for insurance companies. They do provide medical group insurance to employers. These group insurance void once u retired or leave d company.

Yup.. you got it right but make sure your doctor know how to write a good report.

Secondly, u r paying too much on your medical protect per month. mind share with me your room and board rate, and limits?

Wow.. you knw what.. whenever i heard old plans.. i will b silent. How old is old?

Anyway its ok if you can update n review it every 4 to 5 yrs. Make sure your plan can cover your desired private hospital rate. If not you surely curse your agent. I can say your room n board rate 90% same as those paying 300-400 per month.

Yup..commit suicide need wait a year...haha

Free umbrella? Oh boi..do you know that you can ask for few hundreds dinner for that 900 per month.

One thing for sure, you will get more policies in your coming years if ur finance survive or the other way chopped off all policy like super sounds..

My advise not to bind medical with saving and life n others

If your plan took out medical I can guarantee your saving will be more because among insurances medical is d most expensive one. When you buy together, they will give you a so so medical protection if not you won't be able to see a positive figure in your saving.

I did explain in my next PARAGRAPH .