Medical card premium increased
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 Oct 29 2020, 08:49 AM, updated 6y ago
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#1
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Senior Member
1,412 posts Joined: Jul 2013 
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Hi all sifus,
Anyone experienced their medical card premium increased? Am using Great Eastern, today I received an email that my premium will be increased. However, I have 2 options: either to Accept or Reject the increment. My question is, if I choose to reject the increment, will it affect my coverage in the future? Thanks! #hidupsusahsekarang |
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Oct 29 2020, 08:57 AM
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#2
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Senior Member
1,412 posts Joined: Jul 2013
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QUOTE(Messiahword @ Oct 29 2020, 08:56 AM) Reject. Now economy bad invest stock market. I already have medical card coverage. When economy recover you buy insurance still not late o.  The increment actually not to say a lot, RM 40. But, I just want to understand the effect on my policy if I reject the increment. This post has been edited by GTA5: Oct 29 2020, 10:27 AM |
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Oct 29 2020, 09:56 AM
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#3
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Senior Member
1,412 posts Joined: Jul 2013
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QUOTE(kashvinvj @ Oct 29 2020, 09:16 AM) Do you purchased standalone medical card? Its best to purchase ILP plan medical cards where your premium will be fixed until contracted period. QUOTE(Matchy @ Oct 29 2020, 09:21 AM) Using investment linked (ILP)? If it is ILP and you choose to not increase the premium, then basically you just reduce the investment amount. The insurance charges still increase whether you increase the premium or not. Less investment = possibility of less profit/cash value. I think mine is ILP, it has Lion Fund invested. |
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Oct 29 2020, 10:03 AM
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#4
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Senior Member
1,412 posts Joined: Jul 2013
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QUOTE(v1n0d @ Oct 29 2020, 09:58 AM) Insurance is a legal scam. You pay a premium of RMx under the assumption that your chances of having to use it is so minimal that the insurance company probably only pays out to less than 5% of it’s total clientele. Despite such fat margins they still see it fit to increase pricing whenever medical costs go up and even actively do their best to deny claims. Like that lo. I worried if I (touch wood) suddenly get sick, at least the medical card will cover hospitalisation expenses. QUOTE(netcrawler @ Oct 29 2020, 09:59 AM) While economic is in bad time, they should reduce the premium instead of increasing . Can be bring this up to BNM or goverment? Yala. Increase at this critical period. It's like smacking your face when you are already down. I think there will be a number of insurance policies that will lapse due to unable to service the premium. QUOTE(shuin1986 @ Oct 29 2020, 09:59 AM) Mine from Great Eastern, ask for RM370 revised increment Damn, that's a lot. Per month? |
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Oct 29 2020, 10:24 AM
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#5
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Senior Member
1,412 posts Joined: Jul 2013
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QUOTE(kevin23 @ Oct 29 2020, 10:08 AM) Ask ur farking agent la Aiya, you know la, agent of course will ask you accept the increment. Thats why u pay them comm right? Soemtimes ktard can give me better info ma hehe QUOTE(19 Degree South @ Oct 29 2020, 10:08 AM) its so funny, can cum k and rant but cant spend time to read the terms and conditions of a policy! you buy car also will understand the specs and price of the car first what!. yawnzzzz I no rant la boss, just asking ktard opinion oni |
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Oct 29 2020, 01:56 PM
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#6
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Senior Member
1,412 posts Joined: Jul 2013
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QUOTE(grumpydrive @ Oct 29 2020, 01:15 PM) RM40 increased for yearly fees or monthly..if monthly banyak Tu.. QUOTE(herojack41 @ Oct 29 2020, 01:27 PM) as i know lar....conventional medical insurance plan will increase as you grow old. Monthly. 40bucks seems very minimal. I pay monthly. For me it's still acceptable la. But i just wanna understand how it works. Noob about insurance here hehe |
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Oct 29 2020, 06:02 PM
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#7
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Senior Member
1,412 posts Joined: Jul 2013
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QUOTE(Thrust @ Oct 29 2020, 04:51 PM) Hi TS, may I know when did you sign up for the GE medical card? I bought 2017 |
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