Standalone for male age 49, 1971, is estimated to be around RM1.7k annually with 1 million annual limit.
There are a few ways to do this.

1) You cancel this policy and get a second medical policy. Remember to pay for both policies for at least 120 days for the waiting period just to be safe.
2) You keep this policy and get a second policy with deductible of RM50k. The first 50k hospital expenses would be paid by the first policy and the remaining would be paid by the second. This option might be cheaper than the first option.
For life insurance, the ideal coverage is roughly to be 10 times of your annual income. If your budget allows you to continue these life insurance policies, then you should continue. I agree with you that your medical insurance is on the low side considering 50k annual limit is very limited in today's medical expenses.

thanks

what is this deductible insurance? not all insurance act like it?

A deductible is a fixed amount (cost) that you need to pay for your hospitalization bill before the balance is paid by the insurance company. Depending on how much deductible you've chosen for your insurance plan.

Insurance company will normally give you a % discount on your premium payable, the higher the deductible, the higher the discount, but bear in mind also the higher amount you need to pay upfront to the hospital.

If you have an existing card then you may choose to pick a deductible on the 2nd card to save on the cost, however you will need to do some extra paper work to file for the claim with 2 insurance companies.

Also not all insurance offers high deductible options up to 50k.



Here's an illustration of how deductible works, credit @ringgitplus

so if for the 2nd insurance , if i dont buy deductible also can rite? say the Ge covers 50K.... if not sufficient i present my second medical card then? will they accept?

how to upgrade GE policy with higher coverage?

have an old policy from 2005.

Great Protectlink Insurance with IL Health Protection

Annual Coverage is only 50K
Lifetime 200K.. mana cukup

Paying rm375 x4 per year
Investment value got rm12k now

Shall i just cancel this policy and buy a new one with unnlimited Lifetime?  Or possible buy another policy as a second policy?

I have helped my customer upgraded this policy b4 to the latest medical rider. Speaking as I’m representing this company.
You may just upgrade from great protect link by withdraw the ILHP and insert the new rider. Annually Rm990k-1.32mil and unlimited lifetime.

You need to submit a form called psf02 to declare your current health status.

I have helped my customer upgraded this policy b4 to the latest medical rider. Speaking as I’m representing this company.
You may just upgrade from great protect link by withdraw the ILHP and insert the new rider. Annually Rm990k-1.32mil and unlimited lifetime.

You need to submit a form called psf02 to declare your current health status.

Thanks
The new rider will be still ilp or standalone? Is this a better option comparing to getting a new plan?

I am also looking for another 2 medical cards for wife n kid.

Currently all of us are under co group coverage rm30k per issue. So most prob get a deductible type as suggested by lifebalance

i have another 2 other policies under ge ,

Life 87 (sum assured rm75k - paying rm513x4 /year)  and

Supreme livingcare series 2 (sum assured rm52k - paying rm386x4/year) ...

all started in 2002. Shall i just leave those policies alone and keep paying..?
my concern now is on medical card ...

Both policies would has accumulated cash value, but you can consider to enhance your  life policies. This is to ensure your other risks, other than medical cost,  are also adequately covered.

It will still be an ILP, basically you are dropping your existing medical rider to take on a new one, of course you may need to top up on your premium payable for the newer benefit.

In this case, it might be better to consider a new policy- standalone policy. ILP premium is high n i rather just focus on pure health protection .

what's the average yearly premium someone will pay now? RM2k? RM3k? Heard people advising 5%-10% as a rule of thumb for the premium, will someone with 10k salary really allocate that much for insurance?

what's the average yearly premium someone will pay now? RM2k? RM3k? Heard people advising 5%-10% as a rule of thumb for the premium, will someone with 10k salary really allocate that much for insurance?

what's the average yearly premium someone will pay now? RM2k? RM3k? Heard people advising 5%-10% as a rule of thumb for the premium, will someone with 10k salary really allocate that much for insurance?

i have an investment-linked medical card. But been having second thoughts lately.

Just want to ask whether are there any companies still offering term insurance? (anything that is not investment-linked).

Reason being I trust myself doing the investment more than paying a fee for insurance company to do it.

i have an investment-linked medical card. But been having second thoughts lately.

Just want to ask whether are there any companies still offering term insurance? (anything that is not investment-linked).

Reason being I trust myself doing the investment more than paying a fee for insurance company to do it.