Certain companies do offer more coverage on certain extra "Critical Illness" beside the usual 36 types. It's always a plus to have insurance company to cover more.

Nowadays you can even cover up to 77 types (Allianz).

Early CI and Multi CI are 2 totally different types of animal category.

Early CI concerns on paying out in the event of early stages of Critical Illness to cover some of your pocket money (most of the time you won't be dead so fast if it's early stage)

Whereas Multi CI concerns on covering you long term if you do succumb to different category of Critical Illness. Most of the time, normal CI payout without the word "Multi" only payout once and that's it. Whereas Multi CI allows you to claim multiple times, sometimes between 3 - 4x depending on the benefit add-on.

Also I forgot to point out that Pru's Multi CI covers early stage as well, the payout is 50/50/100 (Low/Mild/Severe)

The benefit for Pru is very good especially in the area of CI (Up to 400% Sum Assured)

Both are good plans, but unless you die die want female coverage then you need to forgo the Multi Early CI coverage for a one time off Early CI payout.



This post has been edited by lifebalance: Aug 26 2020, 12:14 PM

Medical insurance purposes is to cover for anything related to hospitalization fees

Critical illness insurance provides a lump sum payout for critical illness event as a form of survival income to sustain their lifestyle while they recover from their illnesses.

A Deductible is the amount you have to pay first before the balance of the hospitalization fee is paid by the insurance company.

If you have selected a RM10, 000 Deductible, it means you have to pay the RM10, 000 first before the rest is paid by the insurance company.

- With retirement option means your policy may come with deductible until the age of 60 whereby your policy will be converted to a Zero Deductible policy. It's an option applicable for people who have some existing insurance or company insurance but also wish to maintain a personal insurance but not having to pay the full price premium for it until they are age 60.

This post has been edited by lifebalance: Aug 27 2020, 04:46 PM

For Scoliosis, exclusion will be applied for any complication related to spine.

Correct.

No need

If you intend to take term life, you can go directly online to buy it though it’s capped at 500k per policy.

For comprehensive plans, it’s best to find a financial planner to do the proper discussion and implement the necessary suggested plans once you’re okay with it.

Unfortunately specialised insurance like specifically for Hands, Face, Butt or other areas of bodies are not really sold in Malaysia. But it is sold in other countries where the individuals deem it is a very important asset for them to insure due to their career.

The area that is covered for Malaysia for body parts now are in the area of Accident where loss of limb is applicable.

In general term, TPD may be fulfilled by one of these occurrences:

1. The person is not able to do any work, business, occupation or profession to earn any wages, compensation or profit.

2. Total loss of the sight of both eyes.

3. Loss of use of two limbs above wrist or ankle.

4. The person is not able to perform at least 3 Activities of Daily Living (ADL) without the assistance of another person.

What's the Definition of Activities of Daily Living?

1. Bathing/Washing - The ability to wash in the bath or shower (including getting in or out of the bath or shower) or wash by any other means.

2. Dressing - Putting on and taking off all necessary items of clothing without requiring assistance of another person.

3. Eating - All tasks of getting food into the body once it has been prepared.

4. Mobility - The ability to move from room to room without requiring any physical assistance.

5. Transfer - Getting in and out of a chair without requiring physical assistance.

6. Continence - The ability to voluntarily control bowel and bladder functions such as to maintain personal hygiene.

General Exclusions on TPD applies

If your Total and Permanent Disability is caused directly or indirectly, wholly or partly, by any of the following occurrences:

1. Any self-inflicted injuries while sane or insane
2. Travel or flight in or on any type of aircraft except on a regular scheduled passenger flight of a commercial aircraft
3. Any activities of a military nature whilst being engaged in military service in time of declared or undeclared war whilst under orders for warlike operations or restoration of public order
4. War, civil war, invasion, act of foreign enemy, warlike actions (whether war be declared or not), including accidental explosion and/or deliberate explosion of weapons of war, during war or directly as a result of previous war
5. Pre-existing illness
6. Being involved in unlawful act
7. Being under the influence of any alcohol, narcotic and/or drug



Payout for Personal Accident that consist of lost of limb depends on which body part is lost which will be based on a payment schedule, these kind of policies does not require the lost of both limbs unlike TPD's clause.

Do you need a Personal Accident coverage ? Yes and No depending on your type of occupation, if you ride motorbike a lot then yes it's very important as the risk of accident on the road in Malaysia is very high.

What if you're desk bound ? Having some kind of personal accident could come in handy as it's also inexpensive for a high coverage. But if you feel that it's unnecessary, you don't have to get it.

For hospitalization wise, it's not covered since it's an elective surgery

If your policy was bought prior to Jun 2019. Insurance companies were not required to disclose how long your policy was sustainable within your policy.

They only show your term of coverage which is "up to age 100".

With the new guideline by BNM to insurance company, you are able to see that your sustainability is only until "age 60" instead of "age 100".

So there you go.

As for any other insurance company, Great Eastern had increased it's premium recently, up to 35% depending on the plan selected.

Yea you can do so as it's not compulsory for you to do any top up immediately as it's just a recommendation by the insurance company.

Just bear in the mind that the required top up may be higher in 2 - 3 years time than the current recommended amount as you've lost 2 - 3 years of time as well for the insurance company to make returns of investments into your account.

If you decide to buy back a new policy with the same insurance company you just cancelled on, the agent won’t get any commission

If you decide to buy with another agent from another company, then the new agent won’t be affected

There is no such insurance company that ask for everything in one shot.

The insurance underwriter will get a few reports first that is deemed necessary. If they need further investigation, they will request for follow up check up

If spelled out explicitly in brochure, only Allianz so far.

Depending on your budget and lifestyle. Budget starts from 200 monthly minimum.

For a more comprehensive coverage will require a discussion to find out what you need to cover and how much to cover exactly.

These are mentioned within the PDS.

For such treatment, if its not mentioned explicitly, certain companies may only cover it on a case to case basis.

However its good to have it spelled out explicitly so that newer treatments are covered as well.

Thanks again for googling

That’s informational!

Thanks for sharing

This is an endowment plan which means you will only see your money back in 20 years time.

Return wise, 1 - 5% per annum.

How secured ? No guarantee.

Allianz Medisafe Infinite

AIA A Plus Health

Here's the link for your read up

as for which plan to go with ? why not get an input from an independent financial advisor ?

1. So far so good

2. You can do so

3. You can claim from both insurance company for the medical card, as long as it exceed one's limit, just that you can't perform double claim.

Cashless plan no need, unless for outpatient basis. (Accident/Cancer/Kidney Treatment)

So far no issues, claims are timely.

Medical first if you don’t have one and not covered by your employer

Life / disability if you have dependent who survive on your salary and also to provide yourself an income if you are disabled

1. As long as it's within the scope of consultation, examination tests or prescribed takehome drugs purposes, it is claimable. My assumption on your "routine check up" falls under "Consultation" Category. So to answer your question, it's claimable.

2. Yes, start on the discharge date from hospital.