standalone medical card are never meant for long term coverage since it doesn't allow you to add-on any other riders.

However if it fits your bill, go ahead.

But one time i found out standalone medical card COI is higher than ILP medical card. Other benefits you might wan to consider is the premium waiver in ILP. Standalone doesn't have this.

I see...the life insurance portion is the one that allow rider. Thanks for the info. Appreciate it.

The only rider is the premium waiver other life life and tpd and ci u can buy separate. But this premium waiver u cant.

You will also have to take note that standalone medical card benefits may differ from the ones offered in Investment Linked Policy within the same company. Usually the benefit will be lower / similar.

Thanks for those replying me on deductibles on V5.

I have a few questions more about this.

Still using my example:
Med Card A AL 20k
Med Card B AL 1.2M 20k deductible

Do I must fork out my own money first then do reimbursement from the 2nd card? Let say total bill is 50k, I using the B card first, do I need to pay the first 20k and claim later?

2nd question is this deductible apply per admission or per year?

Considering this scenario which is I only have Card B

Year 2020
Bill 1 10k I pay 10k, insurer B pay 0
Bill 2 15k I pay 10k, insurer B pay 5k
Bill 3 10k I pay 0, insurer B pay 10k

Year 2021 the 20k deductible will be reset?

If this is correct, how hospital gonna know I already billed 10k on 1st visit/bill when I want to pay for my Bill 2?

Got it. PA reimburse us of the loss/ injuries due to accident
And also can claim the GP cost.

Is this means medical card only covers room or those procedures/cost
But not reimburse the loss/ injuries ?

I wonder in general does one need PA ? I mean usually lifestyle not extreme hardcore. Staying at Urban city area.

I rides motorbike on weekends, few trips per day....
I bought PA that covers abt 100k for RM20 pm

As long as you drive a car or motorbike, it's advisable to get PA more than you are a housewife since motor accident are high in Malaysia

Hmm. Well said. My current premium monthly is 210.
Sometimes made me wonder if this package too extreme comprehensive.

Agent said can reduce some of those coverage sum insured. Maybe in future I might consider lower down it so that lower premium

This post has been edited by thomasjames: Mar 10 2020, 02:21 PM

Well, you can fall back to the goverment hospital, not necessarily as a last resort. They provide good care. 😁

You may want to relook at the riders that are attached to the policy, they are costed into the total premium, if your aim is to lower your insurance premium commitment.

But bear in mind PA only pays accidental death, whereas life policy pays for death from natural/illness causes.

Yes, medical card only covers your hospital stay, within limits.
Your life policy may also pay for Total and Permenant Disablement, this may be result of an accident or other reasons as stated in the policy.

It's ok to get a standalone medical card if you have the discipline to set out a portion of money into investment. Standalone will increase price every 5 years so in the end, the premium would be higher than investment linked. Also, you will need to get a second policy for life/critical illness coverage because standalone doesn't come with any of these.

I only propose standalone medical card for those people who have
1) Limited budget
2) Expatriates who are working in Malaysia and planning to stay in the country for short term.

RM210 is quite standard nowadays and I wouldn't say it's too comprehensive at this premium. I would say it's at its bare minimum for the life/critical illness coverage. You need the sum insured so that your debts won't pass down to the people around you.

Can anybody give me your opinions towards Great Easterns Great Family Care plan?

Thanks!

hi BacktoBasics, hope the above can help you

hey bro TechnoG, based on the premium you are paying, I will your plan covers quite good. cannot comment much on your medical card. the top 2 priorities I will look into is usually medical card and critical illness payout amount (to replace income during recuperation/treatment period).

hi anwa, there is no right or wrong. different people got different thoughts. love your input here. for financial and risk planning, ideally its good to plan till at least 80 (yea you are right average lifespan for male is 72~75 and female 75~78). However, insurance plans now have the option to extend when it reaches its plan term. so yea this really solved most of the consumers' problem.

hi thomasjames, in that case you check whether your medical insurance covers outpatient accidental treatment? because most medical card has this benefit attached to it.

hi kazekage, very good question that you brought up answer in spoiler

hi GloryKnight, my opinion towards the plan is if you are looking into getting yourself protected, then you can consider getting that plan (best utilize if you are looking to cover your parents and children too). What other areas you wanna know? Can't really give much opinion.

I believe Great Family Care is known as Great Generation Care in Malaysia.

It's a good plan if you have parents who don't have any critical illness coverage and it covers your future children as well. Parents don't have to go through any medical underwriting for this (of course cannot have any pre-existing conditions).

Also, if the proposer survive up to 80 years old, you will be getting the premiums you paid back. (If you pass away before that, you get the sum assured)

I would suggest this plan to clients who have:
1) Family history of getting cancer, Alzheimer or Parkinson.
2) Clients who have parents before age 80 and medical card is too expensive for the parents.
3) As an additional boost to own critical illness coverage as well as for parents and children.

Dear All Master,

Would appreciate your view on the following term quoted by GE agent to me.

I'm 33 yo single, non-smoker, drinker, OL with medical insurance currently covered by company.
Thinking of purchase medical insurance in case im not with the company.

Monthly RM220

Life, TPD and 45 CI until 80 yo (RM50K)

RM150 room
Annual limit rm990k
Lifetime unlimited

Is it worth to go for it?
Tks for advise.

Hi TK, with the premium quoted, the benefits look worth it to me.

Ckdenion, is it? Thanks for your comments.

Make sure it comes with waiver extra rider because you didn’t mention it in your post. Ask if SEPCC is included (early stage CI).