so far i only know those medical insurance under employee benefits (group medical insurance by employer) covers gp/clinic visit. there is no minimum amount needed to claim insurance under hospitalization/surgical situation.

In this case, you just need to keep in touch with agent. Just ask agent whenever you feel like it. It’s agent’s responsibility to help you in this area.

Hi coolguy, hope the above reply helps.

hi Mike, if so ngam you wanna get the latest medical card from GE, then yea it is a good grab. btw what is your current plan?

yea Mike, i think it is better for the agent to talk this to your parents instead. unless you already got your job and you will wanna take this responsibility yourself.

hi prescott, tried my best to answer you above.

in that case, if it is necessary then just stop premium payment will do (note: not encouraging you to do premium holiday ya ).

hi hioniq, in that case

1. Admit using company card
company card covers the treatment, if there is any excess, then only file a manual claim to your personal medical card. (submit claim form, with original receipts, company medical card Final Guarantee Letter, and bank direct credit form)

2. Admit using personal medical card
personal medical card only covers anything once bill exceeded 10k. then you file a manual claim to your company's insurance. (submit claim form, with original receipts, Final Guarantee Letter from personal medical card, and bank direct credit form)

by the way do you have any idea how much is company medical card's annual limit?

This post has been edited by ckdenion: Jan 2 2021, 07:23 PM

1 or 2 months wont go into premium holiday. or you can try to make partial premium payment instead. i advised few of my clients to do that for those who faced financial difficulties. ILP won't have APL so dont worry about that.

yeap, if thats the case, you can use your personal medical card for admission. then file manual claim for your company insurance to claim the 10k.

hi anhydrous, just Life (death/TPD) and PA coverage?

bro, GE has it. but i forgot whether can go till as low as 10 years or not. i bought 17 years one.

yo jacky, nothing wrong promoting medisavers. i do refer some of my friend to get it from medisaver for those with tight budget. only thing to clarify is MXM is not an insurance company and it's not regulated under LIAM and BNM (correct me if im wrong). thanks for sharing info, at least we know what's available in the market.

hi GreenSamurai, if just the medical card, definitely less than 300/month you can get one.

hi Phonzy, confusion is because of type of claims. whatever that is covered now is giving only the daily allowances if admitted to hospital due to covid or death due to covid. it is different in terms of covering the medical bill when you go for covid treatment. as of now, it is still uncertain whether medical/treatment expenses is covered by medical card if admitted to private hospital.

hi prophetjul, mind to ask in more detail? you can check Medisavers medical card benefits here.

hi plurbuddyskuppy, by "no critical illness" stated, you mean you do not want critical illness insurance/benefits or your family members have no critical illness history?

hi digilife, what is the GE medical card name that you are referring to? because older one does not cover beyond certain age. newer ones can be renewable up to age 99 once coverage term reached.

hi eeesiang, contestability period means that period where insurance company can investigate the claims before approving, if there is any dispute/non-disclosure, then company can reject the claim or void policy.

hi netcrawler, if you surrender your policy, you will get the amount of all 3 combined less any premium due + loan interest on premium due

yes netcrawler, you will get all 3 combined. you get the figure from your eConnect right? if i remember correctly, you try to see if you can request for "Discharge Voucher" of the plan. the Discharge Voucher will state the amount you will get upon surrendering the policy.

I do agree the term Net Surrender Value here is confusing. The Net Surrender Value is the fraction of amount deduced from your basic sum assured (not including any bonus be it survival bonus or cash bonus). I'd done this many times for GE policyholders and I'm ex-GE agent. So yet that's why i know. Just recently helped my friend's father out on this matter too

hi Zellwong, if possible, increase the premium slightly to make sure it sustain till at least age 75. if really thats the max budget, yeap this plan's benefits look ok.

of course it will be better if you provide much more detail like - whats the medical card name (if you dont mind screenshot the benefits from the illustration and upload it here, that will be better)

hi myrancid. your question is too wide. perhaps you wanna be more specific? life insurance is very straightforward, just paying either death benefit or TPD benefit. is this what you are looking for?

hi rocketm, just file the claim and submit since there is no harm and no fees incurred. the steps is very simple and it takes less than 15 minutes to submit the claim.

Life Insurance itself already has Death Benefit and TPD payout benefit as what I mentioned earlier. also you can provide more details for us here to generate proposal for you. Age, gender, smoker/non-smoker, occupation

hi netcrawler, whether to surrender or not, it really depends on what your concerns are. we can't simply ask you to surrender solely because the return isn't impressive. the main concern when it comes to insurance is to mitigate certain financial risk that we might face should uncertainties happen. have you discuss this with your GE agent though?

it depends what plans they are - Traditional (participating plan) or ILP (non participating plan). if your plans have bonus, then it belongs to traditional plans.

for traditional plans if you stop paying premium, when you surrender, it will be total amount less any premium due + any premium due interest. the policy will only lapse if whatever amount inside goes to 0 because of large amount of premium due.

ignore what agent told you about how many years you need to pay (payment term). refer to the payment term in eConnect, that wont go wrong. last time one of the ways agent sell this plan is asking you to pay x years and let the amount inside pay itself until end of policy which i think it is not so transparent.

When you stop paying premium, if supposedly you still need to pay, then by stopping premium payment, company will "pay" for you and charge interest on the amount due. so end of the day when there is payout from the policy, it will less the amount you owe + interest accumulated. by the way it is better you screenshot your policy details from econnect (if you dont mind, and you can censor off some sensitive data). better in that way so can give more appropriate advice.

hi alandhw, i dont see the benefit in bundling together though. you can add comprehensive PA benefit in your existing ILP insurance policies.

hi wykoh2, yeap basically they will cover expenses if admitted to private hospital due to COVID. reason being is because their medical cards do not have this exclusion clause that excludes "communicable disease that requires quarantine by law"

COVID-19 falls under this exclusion. so without this exclusion clause, there is no right AIA can reject the claim due to exclusion. but there are a few TnC applies.
- from what I know, you cannot just simply want to seek treatment for COVID from private hospital. you need to go to government hospital and if government hospital refers you to private hospital, then only this treatment can be submitted for claims.
- there is no cashless claim facility for admission due to COVID-19. in another words, you must pay all the bills incurred then only submit it to insurance company to claim (subject to Reasonable and Customary Charges). for example certain items wont be cover like doctors PPE suit, face mask face shield and etc...

hi dragonlady, I wont say that AIA is doing marketing gimmick. more like agents are the one who use this point to do marketing. AIA has to cover because of the reason above i stated to wykoh2

hi taiping... not to say catch... more to TnC. can refer to my reply above.

This post has been edited by ckdenion: Jan 27 2021, 09:10 PM


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