I suggested to my niece to buy PA for her 1st insurance...for she rides bike to work in the city center.

This post has been edited by yklooi: Jan 21 2019, 10:36 AM

get medical card with no lifetime limit

1. Medical Card
2. PA
3. Critical Illness

that's indeed a big hike. perhaps at the moment you compare the benefit and premium with AIA Takaful or Prudential Takaful first.

it also depends on the policy inception date. if the policy is bought long ago, then the increment wont be that much since cash value in the policy is more. quite a few factors that determine the premium hike.

most medi cal card covers hospitalization and surgery. whether to go standalone or investment link, depends on what other benefits do you want. investment-linked policy is mainly because you want other benefits and you get the most out of the premium you pay.

the corporate medical card generally covers clinic visit, hospitalization and surgery. only thing is you have to check with your HR the annual limit that can be claimed. best yet, ask HR for the schedule of benefits.

if you have a own personal card, if the claim amount exceeded the limit of your corporate medical card, then you can claim the excessive amount from your personal medical card on a reimbursement basis (pay the excess amount yourself and claim later after that).

if you want all the benefits, you can purchase all in one insurance policy. best to compare the premium if you buy all separately.

can get a plan that gives you all the stated benefits.

this agent is a very nice guy. helped me understand about insurance packages.

Glad to know I managed to help you out and your appreciation made my day 🤓

Best,
Jiansheng

This post has been edited by Holocene: Jan 21 2019, 09:14 PM

hmm, im interested with the other benefits under investment-linked policy. May i know what are some of the benefits?

Beside medical riders benefit

You may add on
Death and disability
Critical illness
Waiver of premium
Hospital income
Personal accident
And other riders

Hi guys, I don’t understand why ILP is better....majority of the fund returns is actually average 4-5%. If based on average 4-5% return, high possibility that the fund will be empty by age 70, some by 65. After that you have to pay for high COI for your life insurance + medical card. For life insurance of 100k the COI could be 3k and medical card is around 5k. At the end you would be paying more than standalone medical card because of the additional life insurance cost. Is my assumption correct?

Plus you have no choice but to continue paying higher premium for life in order to keep the medical card alive, kinda like a trap...?

This post has been edited by kentloonghh: Jan 22 2019, 01:04 AM

answer here.

it is not about the fund returns. it depends on what you need. lets say you really need only the medical coverage (hospitalization and surgical) and not other benefits like premium waiver, CI, then it will be best to take only the standalone. if you think that it is beneficial for you to have other benefits that cant be found in standalone/term plans, then ILP is your choice. end of the day if you are getting the ILP, it is important to check also with the premium you are paying, how long can the policy sustain. say better to make sure cash value and premium is enough to sustain policy until 80 years old at least.

Actually most ILP plan won’t be able to last until 80....fund returns supposed to be one of the selling point of ILP right..

This post has been edited by kentloonghh: Jan 22 2019, 07:47 AM

It depends how much premium you are paying. There will be a black and white stating how long a policy can sustain. To me, fund returns is not the selling point. It is the protection that matters...

It's not about the fund return rather it's on the benefit that you're getting for yourself as an overall insurance coverage.

Whether the funds can sustain itself is based on projection, costing is always a factor in the long run to sustain the business including the up and down in the economy.

No company out there will give you a guarantee that the return is fixed, even the banks and will hit your projected return unless its a traditional policy

Not necessary, the cash value is not always the selling point, some policy can be running on a bare minimum it sustain itself without generating a lot of cash value. Mainly to cover on the life insurance charges in the long run. If you want more cash value but at the same time a high insurance coverage then be sure to pay a high premium for it.

You basically get what you paid for.

This post has been edited by lifebalance: Jan 22 2019, 09:28 AM

actually it's gallstones. Was detected during medical checkup few years back. During annual checkup, the size didn't grow and based on the specialist assessment it's not that serious, and recommend to just leave it. 2 other specialist that i went to also gave the same recommendation.
I declare it during the medical checkup for my mrta, and when i checked with the insurer the reason given was untreated gallstones. Now i'm left with a home loan without mrta.

So will it actually impact any future policies that i will take up ?

thanks

Gallstone normally shouldn't be an issue except that it will probably be excluded if you apply for a medical insurance. For life insurance, it won't impact.

Try applying from other insurers.

That’s a good observation kentloonghh, you are leaning towards the idea of “Buy term/standalone, invest the rest.”

Standalone medical cards are great if you’re on a budget but the reality in Malaysia is, medical card that are attached to ILPs have a higher/wider coverage as compared to a standalone medical card. The challenge is determining if the premium quoted for your ILP makes sense for the coverage received.

Also, when planning for a medical card do take into account the increasing medical cost, refer to attachment.



With that said, please share with us which medical card you currently have in mind and we will be able to provide you with our feedback.

Best,
Jiansheng

So far I think Lonpac MC is good? because there is no portfolio withdrawal, guaranteed renewal and portfolio of pricing for premium.

This post has been edited by kentloonghh: Jan 22 2019, 05:55 PM

Lonpac has 3 medical card, which one are you referring to?

- MediSecure Centurial
- MediSecure Plus 2015
- MediSecure Booster

Best,
Jiansheng

Centurial Plan 9 + Booster Plan 4 to get 1mil.