Hi. Nice discussion here.

hi Salary, what is the medical plan that your parents have? any options to go for medical plans that are more worth it?

yes, GE revised their a few of their medical cards insurance charges. you will see the price adjustment % in the letter you received. insurance charges for ILP riders and standalone medical is something not guaranteed.

GE just did a medical repricing, almost 40% increment.

Where’s the infamous quote where 99% insurance agents use: buy early cheaper premium ?

It increases as time pass regardless which age you buy. The policy is “upgraded “ from time to time. Even if you’re staying in old policy, the premium changes.

It all comes to affordability.

Medical cost increment is a fact and you should be happy with that.
New medical tech is discovered and built to save more life, but it could be costly.
Your life is now prolonged because you can be saved from disease that could have killed you.

If you don't want to pay the increment, then make sure your life expectancy is 60 yo and not 76 yo.

well at least 2 yrs later than some.......time they catches me this time...ha-ha
just got a letter from AIA regarding my son's premium increase

from 603 to 754 effective 5 Apr 2021.
sort of like 25% increase

and the increase is not due to attained age scale ...

I think it's been misunderstood, the inception of the policy for a younger person starts at a lower premium compared to an older person who starts a policy at an older age. But I guess it's how those insurance agent word it to their clients.

The premium payable for an investment link policy is leveled over the years based on your term of coverage during inception of the policy but the insurance company can recommend you to do a top-up if your policy is unable to meet its original term of coverage (due to various reasons - i.e poor fund performance, repricing, etc.)

hi guys,

got an email from prudential that they are raising my monthly premium for up to 20% for my medicla card... this is ridiculous

Is normal medical insurance card cover for Covid 19 hospital fee or test cost?
If yes , would we expect a big increment of medical premium sooner?

normally wont cover outpatient test cost.
if you admit to hospital then they will cover everything.
but again the terms and conditions is dictated by the insurance company and is subject to change.

Depends on who is your insurer, the industry is still mapping out on the guideline for Covid-19 claims.

Majority of the insurer are providing hospitalization benefits + death benefit on top of the usual benefits.

Yes that always happens in most insurance policies, their t&c already mentioned they have the right to amend the policy price and benefits without your consent. My medical card clause said have to mutually agreed only can.

To answer the guy in the comic

I saved RM14,000 by doing my appendectomy at GH

Cost: RM0.00

Service was good and it was done a-s-a-p

Went evening, midnite potong

Back to topic

Sad that even with co-insurance my provider never fails to ask for more money from me every 3 years

Until one point of time, might just have to cut the tie and opt for Govt hospitals

all the best bro.

does their this T&C gives them the sole power to increase at what ever rate and at what ever frequency or interval they seem to liked?
(since it was a signed contract that any premature cancellation will definitely be subjected to losses,.....since the policyholders got no choice,...they can do whatever they wanted?)

your medical card,...if you don't agree,...can...but will it impact the sustain ability of the coverage??

This post has been edited by yklooi: May 7 2021, 12:07 PM

My prudential medical ILP bought 5 years ago the reprice will happen this year from 132 per month to 150 per month about 13% increase seems reasonable right?

after this repricing...did they mention the sustainability period of the plan?
(will they increase another 13% 2 years later?)

They haven’t send the official letter yet.just know if from a casual chat with my agent

noted...
btw,....can you casual chat with your agent about the things i asked earlier?
then tell us?

Medical inflation keep increasing, if insurance company don't keep up with the inflation, how to pay for all the claims?



Seems pretty normal to me adjusted to the inflation.