Does this mean those age 65 who is generally healthy is able to get a medical card with annual limit of rm1mil for only 300 per month? this is standalone card?

As example, was looking at the new revised COI charges for an insurance company and the medical premium for a RM200k annual limit for age 65 male and female is already RM5.5k and RM4.7k per year. The premium for age 66-70 is even way higher hitting the next age category.

Putting both side by side, your quote is providing 5x more limit coverage with only a fraction of the premium, sorry just trying to understand such huge discrepancy out there in the market

this is something new to me. had always thought that medical premium across companies is more or less the same with probably only plus minus 10% variance since everything is highly regulated

if putting premium aside and looking from COI angle, can i assume that the medical COI will be the same be it a standalone or ILP, say for e.g. a healthy individual aged 40 has the following alternatives:-

1) standalone medical plan with annual limit of RM1mil
2) ILP medical rider with annual limit of RM1mil

from medical coverage standpoint only, is the COI the same for either options above?

if the above is true, then i foresee if the sustainability of an ILP is at stake in the future, one will have the flexibility to "restructure" his/her existing ILP akin to a standalone medical card, i.e. keeping only the medical rider and very bare minimum of life coverage?

ok seems like my 3 post per day is up. till the next 12 hours..

May i ask for both standalone medical and ilp medical rider, are they all subject to premium loading i.e. if one has made a substantial claim previously then insurance company will renew your policy at a much higher premium in the future due to the higher risk involved?

For those guaranteed renewal policy, does this mean insurance company is obliged to renew your policy however it may be subject to additional premium loading?

In other words premium loading or medical repricing is something that affects all insurance holders should there be a revision and is not individual specific? Meaning to say if an individual has a history of high claim rate, an insurance company cannot just increase the premium specifically for his/her case?

Also appreciate if any agent here can provide a quote for a standalone medical of at least 1mil coverage and life coverage of say 300k. Age 35 non smoker

Thanks lifebalance. For the standalone medical, mind to pm me the expected premium schedule by age so i could make some comparison? TQ.