that is "BAD"
btw, approximately how old are you?

36

36, btw, what insurance company you using?

AIA & GE,...
company paid,....got no idea if there is any premium adjustment or not.

The 2nd time you're mentioning is the recent hike which ranges from 13% to 45% depending on the plan you're in.

Try hike is across the board for all policy holders under the same company.

If you lower down the investment portion, you may need to top up the premium in later years to sustain the policy.

New guideline since last year by BNM on the sustainability on 70/80/90 years old. No more lower down portion for investment in ILP product. With bare amount can't even get the quotation to be generated.

Dear sifus,

I am currently looking for medical insurance and came across Medisavers underwritten by Lonpac Insurance. The limit increases 10% a year and it seems like it is the cheapest in the market. Should I be aware of certain fine prints? Seems like this policy is the best, are there any other better alternatives?





This post has been edited by jaredtay1994: Sep 20 2020, 04:53 PM

hi kingsley, you can also talk to different insurance agent. basically you are also finding someone that you are comfortable to work with. if you want just the standalone medical card, definitely cannot compare with investment-linked w/ medical card. unless you want to take in consideration of having other financial risk planned (for example you find the need of getting critical illness insurance), then only it makes more sense to take investment-linked to have all the benefits lumped together. then you can focus and make your own investment (totally not related to your insurance plan). you can also do a proper planning before making decision.

hi Leon, yea this year GE made a COI revision on their medical riders. maybe its also because their new medical rider coming out this week. so yea, so long policyholder that has GE medical riders will receive the notification.

Other illness claim up to 1mil but outpatient cancer treatment only giving 25k (room 250) and 40k for (room 400)? Solely based on the description above.

Do u think this amount is sufficient for a cancer treatment in Malaysia Private Hospital?

Earlier on we have discussed on the targeted and immunotherapy which cost about 100-200k per year.

I don't really believe there is really "THE CHEAPEST" as any insurance policy may reprice itself in the near future.

I think instead of looking at only the "CURRENT" price tag on an insurance which is one of the consideration factor, you should also look into the overall benefit and whether it provides a comprehensive coverage for you or not.

For example, the plan has limited per annum coverage on Outpatient Cancer/Kidney Dialysis.

Example:
If a Kidney Dialysis cost RM1,000 weekly, you would probably utilize the RM40k benefit within 40 weeks in a year (Assuming a year has 52 weeks, that would mean you have to fork out additional RM12,000 on your own).

On top of that, the pre-hospitalization is 30 days and post-hospitalization is 60 days, if you think it's sufficient enough for your recovery. Then yes, you should get the plan, if you think it is too short time period for you, then this is not a suitable plan for you.

the brocher above not clear enough, there is a part 25k+25k must plus addtional 100k if exceed the amount. overall this company insurance actually not too bad for people who can't afforad for normal insurance or people age who are in the 60's who yet to have medical card which maybe cost a bomb to them to thier life saving is a good alternative

there is no such thing as best or cheap insurance

Hi, I've decided to surrender an endowment plan that I bought in June 2020.
The premium is RM6226/year and I have paid RM518.83 for 3 months.
My understanding is that I will not get any of the money back since I haven't made the full payment of RM6226 for the year.
Would still like to confirm with the insurance pros here, thanks

3 months? Not much

Check with the customer service officer on the surrender amount available.

You will likely get a very minimal amount back. Just check with Customer Service on the surrender value.

Best,
Jiansheng

Thank you, lifebalance and Jian Sheng

how do you know it is cheapest? you have to compare all insurance companies to know.

Anyhow, as long as you compare a few, you feel the price fits what you need. fine prints are usually in contract, which you can download from lonpac website

problem is that i can't find this medisavers on their official website. lonpac is an established insurance company, i doubt anything fishy going on but it's weird you got approach by agent but the product cannot be found on website.

Seems like the policy has investment element, there will be some amount that you can recover. As suggested, check back with the agent or customer service.

Hi Everyone,

I need your advice.

just completed my health screening. All is good but the doctor said my heart rate a little bit low(due to im a sports person) based on the ecg and from echo nothing abnormal seen.
Dr ask to go IJN if wanted to check more detail.

Is this consider illness and do i require to declare this when to subscribe any insurance later?

Thank you in advance guys!

Get a specialist to ascertain your condition. As long as there is a diagnosis, the insurance company can then offer you the policy with or without conditions