I am planning to buy one medical card with critical illness protection for my sister who is aged at 47.

Which one is better in term of coverage and protection?

Medical card is to cover all medical expenses on hospital.
While critical illness protection would paid you certain amount (5 to 7 figures) if you are diagnosed with one of the 36 critical illness.

The online plan is only for medical card, and as usual, more you paid, better coverage. Also I am not an agent, so my knowledge on insurance plan package is limited.

oh.. then the medical card is sufficient to pay hospital expenses.

Assuming those hospital expenses are covered within the terms and conditions of your medical card.

Best,
Jiansheng

I bought ammetlife insurance since 2014. paid 2k yearly. but recv a letter stating increased from 26.16 to 40.59 monthly(i still don't get the amount correct, even if i times with 12). but hey, is that a 55% increase? is this normal?

This post has been edited by WEE2000: Jun 24 2022, 01:38 PM

My GE insurance agent also informed me about it

Asked me to subscribe to new medical plan...
Zzz

Are you holding on Standalone medical card? Or ILP?

You probably bought an investment linked plan. The premium you pay is not exactly the charge that insurance company deduct from you.


The increase is referring to cost of insurance/insurance charge.

Recent years, most insurance companies are plague by such situation. 55% is definitely high but not entirely off compared to other insurance companies

Ask him to justify it.

For certain standalone plans, the old plan after price increase is almost same price as the new plan, with better features and higher limit.

And switching from old standalone plans to the new ones might not earn him any commission (the insurance companies are squeezing the agents too). So his/her advice to change is not a selfish as it looks, hence he/she need to explain and convince you.

my agent advised to convert to tokio marine, but if so, i will lose the interest/investment bonuses in my current ammetlife plan?

Is there a website where consumers can upload their actual medical costs verified by invoices/receipts and then someone input them into a comparison table for all types of medical costs for all hospitals ... especially private hospitals? This will put pressure on hospitals if people all know what they charge...

Now, everyone pay their own bills and they will never know how much the cost would have been had they gone to another hospital...

It’s high time we put a stop to these spiralling medical>insurance cost ..

This post has been edited by aspartame: May 26 2019, 09:32 PM

KKM has already been on the ball with these practices by doctors at various hospitals.
I had experience reversing charges close to RM2000 charged to my customer by the doctor. (story below)

Of course, the huge hospitalization annual limits we see in medical insurance products (plans) now is the insurers trying to meet the demands of the market. Though we as consumers (i'm an agent la, but I am also just like all of you, a consumer as well) may think that wah insurance companies trying to make money... let's be honest, insurance companies were set up to make money in the first place, just like the companies that we set up on our own, as well as the companies that we are all working for.
On the other hand, on a rate basis, we are actually paying a lower rate now for the amount of coverage offered.

So the ILP has had a good run all these years with variable sustainability options. But the competition from there also drove the market to opt for the lowest sustainability (till age 80 or lower). BNM saw it as a crisis in the long term, so in an effort to plug that hole, we are seeing now a push for sustainability to age 100.
(^^^This is very brief)

___________________________________

Story:
I try to keep it short:
My customer pay first. Then we file a manual claim.
Payout transferred to my customer, short RM1.8k++. Still wait what? Come find me lo.
She come find me, I find who? I find few people: the hospital billing dept, and the doctor's nurse.
Next thing I know, hospital agree that an item charged by doctor is unnecessary.
Refunded to my customer credit card in 2 weeks.

If insurance company raised the coverage to 100 instead of 69, 80, then it is inevitable to see premium or COI for medical rise.

Personally, I don't think there is a need to raise up to 100, as average life for Malaysia is about 70~80.

Somemore even if I live beyond 80, the premium or COI for medical likely to be very expensive until near to 5 digit, which may mean beyond the financial viable for ordinary medium class retiree to have those coverage.

So personally I don't agree or make sense to have medical coverage until 100.
Other may disagree, it is ok, as there is no right or wrong in between in this kind of matter.

Trust me, the agents in the industry share your point of view.
Though we want sales, we are also sensible consumers ourselves.
I am with you on this issue of sustainability to age 80.

This is actually a really great idea

It is generally not to your advantage when you terninate a current plan and buy new plan. Insurance comes with high initial cost.

There is no incentive for consumers to do such things

You are the ideal customer to have. Most normal people dont get it. Then spiralled on to number game. Cover till 100, 1 million annual limit, etc.

a proper medical fund planning until age 80 (okla if want more 85 also consider very good already) is very sufficient already. i dare not imagine the premium if wanna hold the medical card until age 100.

If existing ilp, then is good to upgrade the newer medical plan features into the existing ilp (great protect link)

If standalone (GMC2) then I would really recommend u upgrade to GMX. Refer more to ur agent on this.

In what way gmx is better???

https://www.greateasternlife.com/content/da...er-brochure.pdf

Pls download the brochure for ur reference.