what marky meant by is he dont want medical card benefits that comes with reimbursement basis. so he is mentioning that the extended annual limit by GE is reimbursement basis which he doesnt want.

Oic okay. =)

Exactly bro.. thanks! Btw so isit reimbursement? U said nope but after that sound like yes ..

This post has been edited by marky: Sep 8 2017, 09:05 PM

Major insurance company already can do cashless, mean you didn't have to pay anything before admit or discharge.
Unless you go oversea then you pay up first.

Special case for co-insurance as if hit certain limit you have to do sama-sama bayar

im just quoting what you mean to lifebalance. nope,it is not reimbursement basis. our extended limit is on GL basis.

HLA savings plan

Save 10k continuously for 6 years, can get 2k annually for 30 years

How true is this ?

Read the plan carefully for Terms and Conditions before you sign up for anything

Mean total you save 60k in 6 years?
Interest is 2k x 30 years = 60k
Plus your original saving would be 60k + 60k = 120k in 30 years

That would be around 3% interest annual.

Put in fixed deposit 60k for 24 years (cause use 6 years to save 60k first),
would give you around 120k also.

Different is HLA you can take 2k every while FD cannot.

*Inflation in Malaysia around 4%-5% every year.

This post has been edited by ngks: Sep 10 2017, 04:31 PM

its true. also check that is your principal 60k, how much will that be at the 6th year, 10th year, 20th year and 30th year. Check the fine print properly. end of the day, at 30th year, perhaps can get back around 120k total. if you will like to close account and take everything out, you might just take 60k back. ask agent to show u the fine print ya.

can agents be trusted? never bought an insurance package before

Doubt you can buy any plan directly with the insurance company unless it's a bank assurance with the banks or term insurance online.

Meet different agents and talk to them. 🤓

Best,
Jiansheng

Yes.
who can u trust otherwise ?

lets not just talk about agents. not all people can be trusted anyways. trust is built based on a relationship.

When I go bank I also don't trust the staff who attend me, only the figure on the bank book

Guys, is it true that insurance company no longer provide first party/comprehensive insurance coverage to motorbike over 15 years old ?

As far as I remember, they don't provide for comprehensive coverage if it's more than 15 years. Mostly only 3rd party, but you can call up the general insurance company to double confirm.

Actually general insurance company do have comprehensive and third party fire theft insurance for motorbikes, however it really depends on your agent does he wanna pursue it for you.

If you need a quote, i am glad to help you on it.

Currently with GE smart medic 150 , with co-insurance, bought in 2010.

Assume upgrade to smart extender now, deductible of RM90,000 per policy year. Will the premium increase?

For smart extender, I'm quite confusing from the conversation and need to clarify. Let's say medical fees of 300k in local hospital, 90k will paid with medical card, remaining of 210k will be use smart extender. Both are directly charge to GE with GL right? That mean claim under smart extender will no require pay by policy holder first and claim back later.

This post has been edited by reeve-826: Sep 15 2017, 11:21 AM

Most likely it will. Get your agent to submit the request for you and the company will provide you with the details.

Best,
Jiansheng