I think insurance companies better start auditing this people who very minor things get admitted in hospital..last week I was in ampang puteri visiting a relative and the lady next door was admitted just for fever and cough.

I ask the nurse, demam also boleh admitted ke and she said boleh since insurance bayar. She was admitted for 6 days lol.so I know this people are the one causing premiums to skyrocket.. other people paying for them to be admitted easily.

By right those who claim alot should see their premiums being increased more than those who rarely claim..ini mcm those who barely use also kena increase..damn horrible system

This post has been edited by GambitFire: Dec 24 2023, 02:58 PM

Agreed.

Further, the hospital also misuses the insurance. If they know you are covered and paid by medical card, your costs are not same.

We should also highlight this to bank negara.

Best way is to have a NCD-like mechanism for medical insurance. Will dissuade people from simply abusing the system to some extent.

That's why If you want to get back money from your insurance, only way is admit for everything. Simple fever, cough also admit. No other way. Haha...

Talking about self buying online, i browsed thru sunlife, quoted rm129/mth for rm500k coverage life insurance for 40 yo. Not sure if this is cheap.

As per the titled of this thread, ... medical insurance premiums will and can be subjected to increases.
So beware, if you are just focusing of buying insurance based on "cheapest" quoted price

This post has been edited by MUM: Dec 24 2023, 06:20 PM

That's only for life insurance. So many choice. Deartime design insurance especially for B40.

This post has been edited by Ramjade: Dec 24 2023, 07:27 PM

Ermm life and medical x tau differentiate?

Kan i already wrote life insurance. Perhaps i am out of topics shld focus on medical card only.

the thread name is already called medical insurance....

not about life insurance.

how much is your premium?

500k for rm129

This post has been edited by Jack&Guild: Dec 25 2023, 04:12 PM

Life insurance means if you die, the insurance company pay your family money.

PA is personal accident. Only pay if you kena accident. If die or kena illness not related.

While you are not wrong, but the MAIN reason is still medical inflation

Compare few companies, then you know. The thing about buying online is, you serve yourself. That includes comparing it yourself.

But standalone don’t hv guaranteed renewal ?

Nowadays it's guaranteed renewal unlike olden days. Only cannot buy new insurance.

Why are you necro old thread?

This post has been edited by Ramjade: May 22 2024, 12:39 PM

Need to buy 1 w annual limit at least 1mil coz future value will be 100k+ 20-30 years later ? ( n No lifetime limit )

Now all medical card is annual limit. No more lifetime limit. Every year the annual limit will renew and you get new annual limit.

This post has been edited by Ramjade: May 22 2024, 08:40 PM

just be prepared to factor in the increase in the medical card premium as one ages... like really be prepared for this.

who knows... by the time everyone in the cohort reaches say 80 years old, the pool will be filled with people of same risks and conditions pretty much.

Just be prepared. ..this is not suddenly as titled in the thread heading.

Medical insurance premiums reportedly set for 40-70% rise
FMT Reporters
-
26 Nov 2024,

Medical insurance premiums are expected to rise by 40-70% next year,

https://www.freemalaysiatoday.com/category/...for-40-70-rise/

The insurance companies said because of medical inflation & cost... Whatever...

But they keep getting profit by the multi million or even billions per year...

But the client premium keep increasing y-o-y

When initially sign contract, should be covered till end... Not every year keep increasing