1) AXA Affin SCO is not guaranteed renewable. General insurance companies don't guarantee the renewability of your medical cards.

if your concern is on portfolio withdrawal clause, all companies have it one way or another. it's just a risk management way.

usually you can opt for conversion, but subject to the t&c.

2) no it won't

3) those that guarantee renewable are those of life insurance companies. but at the end of the day, this guaranteed renewable is pointless when they have portfolio withdrawal clause. it contradicts.

Thank you for sharing and agree on the Premium waiver rider for Investment Link.
However, in Investment Link, the investment returns are NOT guaranteed.
I have heard cases from friends that after 5 years or so, they are required to TOP UP in order to support thier policy.
Note ... thier are just Medical card investment link without any others riders.

This is my concern here. So thinking of traditional plan and the difference I invest in investment vehicle that can generate at least 5 % to 6 % (ASNB).
Any comments?

Just be caution that when you're opting for any feature in your insurance policy, once you've succumb to any disease and you wish to upgrade your medical card later on. You will not be able to do so as you will have to declare your health when you wish to upgrade your insurance policy.

So always opt to get the best medical card benefit rather than a sub-par. Of course, this will depend on your current budget as well. If budget permits, get a good one.

Otherwise, here's your scenario,
1. You're covered under company insurance and get a deductible personal medical card with such and such benefit.
a. You're diagnosed with critical illness of any sort
- Upon resignation from company due to company retrench, close down or firing you due to incapable to perform normal task anymore
= no more company medical card and depend on deductible personal medical card.
= after that you try to upgrade your medical card
= can't do so because you've existing illness, upgrade rejected = stick to old medical card which is probably having low annual limit and worse still with deductible, you'll have to fork out extra money for every time you're admitting to the hospital.

You get what you pay for.

Based on the wording, it's good that the benefit to change it to non-deductible is allowable. However, the risk of staying with a lower annual limit is there because normally if you try to leverage on a company medical card, you would be opting for the cheapest plan to leverage on the cheaper premium.

sorry can't give you an answer on how the premium is calculated or charged by that insurance company and whether the client can or cannot afford.

Dear,

My condolences.

Yes you are covered. Doesnt mean that your father is diagnose with cancer, you will have exclusion from cancer coverage. Best way is to submit to an insurance company and wait for their underwriting reply.

Dear,

Many insurance company offers stand alone medical card. In fact medical card coverage is very common in insurance coverage. What coverage are you looking at?

Dear,

Yes what every you have signed, you will get a copy of it in the policy given to you.

Dear,

Great Eastern medical plan offering RM990k, RM1.32 mill, RM1.76mill annual limit, no lifetime limit.

What other coverage are you exploring?

Dear,

Its hard to give you a quote because insurance is usually customized and depends very much on your age. More information needed in order to recommend.

Age, occupation, coverage, riders, needed in order to recommend.

Dear,

1. Usually company's coverage is very low in terms of limit. What if that person decides to move on to another company? Coverage from company to company differs. Only look for a personal medical plan once you retire? A bit too late on that...

2. The usual policy that has 36 CI coverage do come with a Death coverage. The insurance co will pay out what ever is insured in the Death coverage part.

3. Within 7 years, it will go under the distribution act. 50% will go to the parents, 25% will go to the spouse and 25% will go to the children. Else our beloved gomen takes it!