You may fill a request for amendment form to reduce the coverage of CI insurance. Other than reduced benefits with cheaper premium, there is no other effects. The length of coverage should stay the same.

I understood that life insurance may cover certain medical problems that are not covered by medical card.

Does anybody have a list of this?

There is no such list. Perhaps anything that is a pre-existing illness.

However you may refer to the list of things exempted/not covered within the policy.

glad to help, just let us know if you have any other concerns. by knowing what you have and what your concerns are then it will be easier to recommend what's best for you.

hi renee, basically life insurance is just a general term for death/TPD payout. maybe you can elaborate more on your question?

Hi Renee, probably misinformed about the terms used by the insurance industry?

There is a general Exlusion List, all conditions that are not covered by insurance companies, both medical card and other life.
And there is a Critical Illness List. This is covered by insurance with payment of a premium. It covers 36 illness and more if early stage is included.

There are some interesting insurance plans offered by foreign agents / brokers.
1. What does it take to demand the local preferences insurance companies to offer the same / similar packages?
2. Can I take take the overseas plans to sell in Malaysia? Are there laws against it and what does it take to make it happen?

Thanks

Somebody was indicating that it was better to have life insurance because of a medical card, because life insurance includes more illnesses than a medical card. In his case his wife had problems during giving birth and needed to go into ICU which would not be covered by medical card according to him but still covered by life insurance.

So I was wondering what other conditions/medical problems/medical emergencies are not covered by medical card, but only covered by life insurance.

You have to be licensed to sell the product.

Hmm don’t know how they get that idea but whether it’s a standalone or life insurance with investment link medical card, they work pretty much the same.

Hope this is clear that there is no such thing as a much special above all medical card with special t&c unless stated otherwise explicitly by the insurance company

Licensed by BNM or by the insurance company in oversea that host it or both?
Any references that you can share for me to read up is very much appreciated, to get me up to speed.

Btw: I’m noob in this field, looking for a safety net to backup my 8-5 job. Anything can happen now with this economy.

Thank you.
Pang

Hi guys wta does health insurance cover sex related injuries???

Specifically what kind of sex related injuries ?

hi renee, it depends on what scenario you are referring to. Indeed, giving birth is not covered by medical card, it is also not covered by life insurance. UNLESS what you are referring to is unexpected death due to giving birth (i did a real life case before on death due to loss of blood after giving birth), then yes life insurance will payout the death benefit amount and this is nothing related to medical card. Not sure is this what you are referring to. Hope my example give you the idea.

hi RiriRuruRara, sex related injuries is not in the exclusion list though. but i'd never try claiming this for my clients before. of course if really there is any injuries, first thing i will advise is go for treatment first if necessary.

Example you injured your private part?

If they cover it it they will use the fund from the annual limit?
Bcs I see there is something called emergency accident outpatient what does this mean?

Yes you can, under outpatient if it's not serious, otherwise you can claim under inpatient if surgery is required.

Outpatient would mean you're not required to be hospitalized to be treated. Normally the injuries are minor

Emergency accident outpatient is for injuries caused by accidents which don't need hospitalisation. As for annual limit, it is claimed for treatment requiring hospitalisation or surgeries in general.

For example, you fell down and dislocated your knee. You were admitted to emergency department of the hospital and the doctors fixed you on the spot. You are not required to stay overnight in the hospital.

Therefore, you can claim under this emergency accident outpatient.

I see, so if you fall down but it is a more serious injury that need you to have surgery and be in hospital for a few days your health insurance will use the money from your annual limit??? If minor accident they use money from emergency accident outpatient?

Correct

This post has been edited by lifebalance: Jun 1 2020, 03:46 PM

Hello everyone,

I'm planning to buy a medical insurance soon.

Details about myself:

i) In my late 20s.
ii) Not married.
iii) No dependents (so life insurance is not needed).
iv) No pre-existing illness.
v) Occupational Class 1.

Do you think a standalone medical insurance is sufficient for now or I should opt for ILP?

Any suggestions are welcomed!

Standalone is a good choice to start off if you don't have any commitment.

I would suggest ILP to add-on Critical Illness coverage (as well as Early Critical Illness) & Personal Accident as you may need some payout from the insurance to take care of yourself when you're unable to work for a period of time without having to rely on others to provide you finances or even to deplete your own persona savings if you do succumb to any serious long term illness / accident that may change your life.

Hope this helps to give you an insight.

Standalone may look sufficient for now but not for long term. Standalone medical card unable to add in other riders e.g critical illness, life etc. I would suggest to pick a ILP with basic riders and add on when there's needs in the future.