Heres and advice. Just skip agent. Take standaolne medical card and buy , CI and life directly from company. Far cheaper than using agents. This is the truth.

All of them are actually more or less the same. The thing is your agent will persuade you to modify or 'upgrade' your policy to earn commission.

delete

This post has been edited by tsg_7: Apr 2 2022, 12:35 AM

QUOTE(plouffle0789 @ Apr 2 2022, 12:21 AM)

what is your age?

how come so cheap?

why no insurance partner inside the company?
https://www.bnm.gov.my/web/guest/life-business

https://www.bnm.gov.my/web/guest/general-business

Im 38 boss.

Cheap because, in Gathercare(GC), no monthly commission for agent/introducer. All monthly contributions 100% for paying medical costs for members. Having a platform using crowd share method, GC can reduce monthly insurance/medical card premiums. GC really use 'takaful' mechanism, to help people who need a good medical plan, with low commitment.

Yes, it is not an insurance company, its not a profit-making company. If it's registered with BNM, it would become a high premium contribution medical card plan. Many insurance/takaful agents join this to promote to their clients as a backup/low-cost medical plan.

I also have this as backup, besides having PruBSN Health Enrich.

which comoany you buy?

just go the state branch can skip agent?

if anything happen,just go state office and claim?

Yes u can do that.

when Gathercare(GC) is established?

if it do not have license, how to do insurance business at malaysia?

LAWS OF MALAYSIA
Act 553

Insurance Act 1996

Date of Royal Assent 13-Sep-1996
Date of publication in the


Gazette 26-Sep-1996


An Act to provide new laws for the licensing and regulation
of insurance business, insurance broking business, adjusting
business and financial advisory business and for other related
purposes.



Minimum paid-up
share capital or surplus
of assets over
liabilities.


18. (1) A licensed local insurer shall maintain a minimum
paid-up share capital of such amount as may be prescribed.
Penalty: Three million ringgit. Default penalty.

QUOTE(plouffle0789 @ Apr 2 2022, 02:51 AM)

when Gathercare(GC) is established?

if it do not have license, how to do insurance business at malaysia?

LAWS OF MALAYSIA
Act 553

Insurance Act 1996

Date of Royal Assent 13-Sep-1996
Date of publication in the
Gazette 26-Sep-1996
An Act to provide new laws for the licensing and regulation
of insurance business, insurance broking business, adjusting
business and financial advisory business and for other related
purposes.
Minimum paid-up
share capital or surplus
of assets over
liabilities.
18. (1) A licensed local insurer shall maintain a minimum
paid-up share capital of such amount as may be prescribed.
Penalty: Three million ringgit. Default penalty.

Since 2017. Its not an insurance company, it's a crowd-sharing platform for medical bill settlement. Less than RM50 per month. https://gathercare.com/ for more info

Any testimonies of claim successfully or otherwise?

Here you can view video testimonial
https://gathercare.com/testimonials/

And not just that, on the website itself, they publish all claim record since 2017, very transparent. If no claim, then no deduction. Simple. Maximum deduction capped at RM50
https://gathercare.com/history/

For example in March 2022, claim RM54K for 10 cases. So all sharers just need to commit the amount claimed only. Now we have 5000 sharers, so roughly RM54k/5000 = RM11 shared per person. Yes 100% monthly deduction went to claim/sharing

I personally don't feel this is a burden. Its just below RM50. And if I don't claim, at least I feel satisfied I contribute to other people's hospital bills. Meaning to say, we are helping others with their needs. We all know nowadays insurance/medical card gone high with at least RM100 per person, and keep increasing. Some ppl are not able to contribute high premium. So this is a good alternative/backup.

Some asking me, what happen if u pay, then cannot use later. Im asking, are u sure ur current medical card is 100% later can claim? So no need to worry at all, or maybe use this as backup. After all, I already know my current monthly contribution is HELPING others at least.

I would recommend going through an agent, if anything u can call them for advice, and they can help u follow-up on your claims etc. Get a good agent of course. My agents were helpful, they came and passed me the form, help me filled up the necessaries, and came and collect any additional documents when required.

Anyone got any experience of making claim without insurance agent? Mind sharing the process?

In your opinion, what's the best all-rounder comprehensive medical insurance for the year 2023 within the Malaysian context?

Am considering changing my current Prudential PRUHealth 400 to AIA's A Plus Health or GE's SmartMedic Shield.

but standalone medical card is not guarantee renewal.
and, even direct to company, they r not likely to deduct the agent's commission to give u cheaper premium compare to what agent quoted u for the same thing.
3rdly, im not sure which product that direct company able to sell to u but so far i encounter, when coming to purchase a product, most of the customer service will ask u to liase with agent.
they will not sell direct to u.

please correct me if im wrong.

personally i sticked with standalone policy.
very scared of those investment link....
they could keep increasing your premium and you stuck and have to pay for next XX years due to contract .(high risk, high return)literally they already locked you in.
bad case, lets say one day you out of job ,cannot afford to pay anymore. that time you have no choice but to end policy,you found out most probably kacang left after all deduction and worst mau beli insurance lain but premium so high due to age. literally stuck at even shittier position.

but both have pros and cons...just depends on your budget.

This post has been edited by TRAZE99: Jan 10 2023, 06:15 PM

i got an experience buying through an agent... was hospitalized for 2 weeks.. all the necessary form my agent help me sort out i just need to sign.. follow up treatment all covered.. but of course must find a good agent.

This post has been edited by blabla987: Jan 10 2023, 06:05 PM

There are standalone cards which have guaranteed renewal.

Sorry tag you. How to skip agent? Last time go to branch, they tell me msit go via agent. What insurance company that you are using that can skip agent?

Also what's the name of the plan that you bought for medical. CI and life?

Thank you.

This post has been edited by Ramjade: Jan 10 2023, 06:16 PM

Mind to share?

Good. Me also wanna know.

Having sold different medical plans to different people. The plans are more or less the same, certain company have perks here and there to differentiate themselves.

End of the day, the agent that you engage should be your option as the person can advise you and service you.