Well use to be I can get mcd breakfast for rm4 with coffee,
Now cheapest also close to rm9-10.

I'm not sure why they increase it so much but I remember they sent me letter twice informing me of the increase.

Wow.....that is worrisone.

I can confirm what he told. I got one increase like 70% to 80% (couldn't recall precisely) many years ago. Standalone, from 3xx to 6xx annually.

This post has been edited by vanitas: Mar 19 2019, 06:52 PM

I just received the letter today. I am suppose to pay about rm850 a year until I am 35, currently 33 yo then only will increase to the next age group price.

But today letter came this year instead of paying rm850 I have to pay rm1050. That is a wooping rm200 increase. Guys this is outrages, how can they just simply increase SO MUCH like that? Is there a platform to let our voice be heard or everyone just diam diam and pay?

At least increase rm50 la, straight away rm200 from out the sky???

You are relatively new to insurance perhaps, it had been like that for many years, unless it is a traditional plan with fixed price to pay. And yeah, it is kind of hidden price / terms & conditions if you ask me, but your policy doesn't said the price won't rise, so by law it is still right, just how the agent deliver to you.

What you can do.. Rethink do you really need insurance given this fact...

This post has been edited by vanitas: Mar 19 2019, 08:05 PM

Im new too...is there still any traditional plan ins with fixed premium in the market?
What are the cons

I think those plans are only for life insurance, not sure about medical card.

COI or COT is normal la to increase....

just that u didn't use the medical service, then u wont get the idea...

if u don't want to pay the suggested premium, be prepared for policy lapsed after the fund exhausted (for ILP).

if u plan to change to other company, the waiting period will restart and bare in mind that your future claim with new company might fall under pay & claim.

No one claim COI is abnormal to increase, it is the percentage of increase.

And yeah most of us didn't use medical service (much / frequently), if you got the idea, can you tell us how does it justify for 29% to 60% increase for just one year?

Fixed premium? For Medical Insurance?
Good luck with that...

Please inform if u managed to find 🙏

Before sign up the broucher came with the cart how much I need to pay all the way till 70 years old. I had this plan for about six years now and now out of the blue it says price increase by rm200.
My worry is if they can simply do this, how many more times can they simply increase the price from out of the blue in future?? I sign up for a plan to suit my budget, increasing the price by 200 is outrages to me and this is the only thread I could find online where a few people are disappointed.

Yeah, you got a big table, with ages and premium to be paid, but for sure there is a small tnc under how much you need to paid in your policy wrote something similar to the following:
The renewal of premium rate for Your Policy is not guaranteed and We reserve the right to revise the premium rates applicable at the time of renewal.

Edit: Agent normally won't tell you the price could increase so much, they want commissions. Only trust those who get nothing on replying you.. At least you get the fact right now, to continue or not, it is up to you...

Off topic: Until now I still don't understand why there must be an agent attached to the insurance with hefty commissions fee, but not self service... When everything agent know / want to tell can be found online, and those info from official web is much more trustworthy than from agent...

This post has been edited by vanitas: Mar 20 2019, 12:34 AM

amount of contributions, amount of participants, amount of claims, amounts of coverage, and lots more.

If you want to save money on your medical insurance, go for a coinsurance policy. Only disadvantage is that you cannot claim 100%.

yea I would suggest to get deductible for your medical insurance, pay a small fee but save 10 - 20% on your yearly premiums

Coinsurance policy?
Meaning joined type? With another person?
Like husband wife?

This post has been edited by nexona88: Mar 20 2019, 03:23 PM

With insurance company, for example, insurance company paid 80%, you paid 20% of medical fee, after deductible (from zero to five digits or even more) which is 100% paid by yourself.

ooh like that..
okay.

👍

hi, Jiansheng,


can u help me take a look at my plan,

i just found out actually my medical plan is THE CHEAPEST 1, medisave 100, supposed rm667 annually


but how come my annual premium rm2000 (and now hike to rm2590!?)

did i just get conned or what?



1st pic, revise letter receive
2nd pic, policy originally cost table
3rd pic, policy full plan, (actually just found this, i dont understand existence of these plans at all!)