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 Which medical card insurance you buy?

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achong09
post Apr 5 2023, 09:10 AM

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1,274 posts

Joined: Nov 2016
QUOTE(plouffle0789 @ Dec 31 2019, 09:10 AM)
Licensed Insurance Companies & Takaful Operators

No.  Name  Ownership
1 AIA Berhad
2 AXA Affin Life Insurance Berhad affin bank grouo
3 Allianz Life Insurance Malaysia Berhad
4 AmMetLife Insurance Berhad ambank group
MetLife, Inc. is the holding corporation for the Metropolitan Life Insurance Company, better known as MetLife, and its affiliates.
USA
5 Etiqa Life Insurance Berhad  maybank group
6 Gibraltar BSN Life Berhad   

bank simpanan nasional
It's Now Known As BSN Life

30 Apr 2014

HERE COMES GIBRALTAR BSN LIFE


KUALA LUMPUR - After just over a decade in operation, life insurer Uni.Asia Life Assurance Bhd (UAL) has ceased to exist, and is now known as Gibraltar BSN Life Bhd, following the entry of new owners Prudential Financial, Inc (PFI) of the US and Bank Simpanan Nasional (BSN).

PFI holds a 70% stake in Gibraltar BSN Life through its subsidiary, The Prudential Insurance Company of America (PICA), and BSN the remaining 30%, following a RM518 million acquisition of UAL which was completed in January 2014.
7 Great Eastern Life Assurance (Malaysia) Berhad
ocbc group singapore
8 Hong Leong Assurance Berhad 
hong leong bank group

9 MCIS Insurance Berhad
sanlam group

10 Manulife Insurance Berhad

canada company

11 Prudential Assurance Malaysia Berhad
12 Sunlife Malaysia Assurance Berhad

Sun Life Financial Inc. is a Canadian financial services company


13 Tokio Marine Life Insurance Malaysia Bhd
14 Zurich Life Insurance Malaysia Berhad
15    Syarikat Takaful Malaysia Keluarga Berhad
But nowadays no much more medical card that is not ILP

A lot of people find this hard to accept. Maybe when they bought their cards, their advisor or agent told them, “This is cheap, right?” After that, we think the five years, normally, the cost of this medical card increase every five years, there is one rate, the next five years, there is a different rate to pay. Then, you say, “Hey, how come it keeps on increasing?”
That is how a

standalone medical card
is structured, and you must be prepared for that.
Bersusah-susah dahulu, bersenang-senang kemudian =ILP medical card
Renewal Conditions
Most standalone policies provide a guarantee that your policy will be renewed even though you’ve been diagnosed with an illness before your next renewal date.
This is good to have. Here’s the reason why. Say if you were diagnosed with diabetes this year, and your policy is not a guaranteed renewal policy, the company has every right to reject your renewal.

Now, you’re left with zero coverage for next year. Adding to that, other insurance companies won’t accept your application either, because now you have diabetes and it’s a risk they are usually not willing to take.
Bersenang-senang dahulu, Bersusah-susah kemudian = Standalone medical card
*
I buy GE reason is the GE insurance sales agent is a lady and provide good service until now hahhaa

achong09
post Apr 5 2023, 03:54 PM

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Senior Member
1,274 posts

Joined: Nov 2016
QUOTE(plouffle0789 @ Apr 5 2023, 09:42 AM)
How many years you buy ge until now?
*
Since younger days 10 yrs plus liao and the agent still attractive though already married with kid hot milf hahha

 

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