1. Depends on the country you're migrating to.

2. The more comprehensive is the CI coverage. The more premium you'll be paying for it.

Again, depends on what's your priority and how much you're willing to spend.

If a person decides to migrate from Malaysia, they don't have to surrender the insurance policies bought here.
For Life, Critical Illnesses, and PA, the coverages do not have a territorial limit.
Take for example, should a claim arises, one simply needs to provide the same documents to file for a claim.
Whatever bank the beneficiary holds, the payout will be transferred there.

As for your critical insurance coverage, they each have their unique features and benefits.
You do not have to buy all of them (there is no such thing as a "best ratio". However there is such a thing as an immediate amount needed in the event of a CI).

I do have customers who have migrated to UK, Australia, Dubai, and UAE.
All of them maintained their policies here, while at the same time buying a medical policy where they are.
Of course, they have all been there for less than 10 years. Should they decide to have more permanent plans, we will review their policies again as and when their plans come up.

Some may think that maintaining one medical policy in Malaysia while they are overseas is a waste, it was they who educated me that geographical changes do have a correlation with increased health risks. For the purpose of keeping their options open, it is best to keep a medical policy here in force.

Every insurer has the same claims procedures, requirements, etc.

Oh gosh, 'criminal or terrorist activities' is also not covered.

Does insurance providers have the practice of buying over policies from another insurer?

Is it advisable to port over to another insurer after close to 20 years?

What are the pros n cons to consider?

Actually , as long as still in malaysia and not migrating out.
It is the best to keep the policy forever.

For example my parent purchase prudential ILP for me 20 years ago...until today i still keeping it.
I performed some upgrade by adding coverage that i needed and remove those i not needed.
Anytime i want to adjust the policy details is possible. i forsee my policy can keep until 70 years old.

If i terminate it and buy new policy again .
It is generally more expensive + some benefit which only available on old policy is not longer valid on new policy


However you can add policy on top of it , for example buy one prudential , buy one AIA .
Or buy two AIA , if keep terminate and buy new policy....no point doing that

Thats why you see most of the wealthy people , they purchase multiple policy , some up until 10 policy also have , diversify


This post has been edited by ping325: Sep 13 2021, 06:15 PM

Thanks for the input.

Let's say I have a medical card with PRU and AIA; can I claim from both concurrently? If am not mistaken, only from either one.

haha , i forgot to write add on previous post regarding medical card.

It is advisable to only get one good medical card only. No need buy two cards from two different provider.
But life , accident , CI , saver can top up thru purchasing additional policy if got offer.

This post has been edited by ping325: Sep 13 2021, 06:41 PM

Different type of insurance has its one specific exclusion, take your time to slowly read it up.

Not unless the insurance company decides to exit the market.

Porting over depends on the situation / factors that you decided to port in. There are too many scenarios to illustrate in here.

Pros and cons? There are so many scenarios tho.
You could be doing it because of
1. Benefits
2. Health condition
3. Special offer
4. Premium
5. Different need


1. If it's for hospitalization and surgical, you'll need to claim from one insurer first and reimburse from the 2nd insurer.

2. Life / CI are all accumulated from all the different insurer. Subject to a certain cap.

https://www.ing.com/Newsroom/News/Press-rel...ysia-to-AIA.htm

Involvement in any criminal and illegal activities (such as bersih rally) are generally not covered by any insurance companies.

Like buying any businesses, one buys over all its assets, debts, and obligations.

A most recent example would be as posted above, AIA buying ING in Malaysia.
So all the policies issued by ING Malaysia in the past are now under the management of AIA Malaysia.

The same (being bought by another insurer) happened to Malayan British Assurance (MBA), Aetna, etc.

Yes you can. However, it is based on the principle of indemnity. One cannot "profit" from a medical claim.

It is very common for people to have 2 medical cards.
One provided by the employer, and one that we purchase on our own.

It is usually the case where we will exhaust the coverage provided by our employers first before we start using our own.

This is how it works:

1. John Doe files for a medical claim with his employer-provided medical insurance coverage.
2. From there, he is entitled to RM 50,000 of coverage. However, his total bill comes up to RM 60,000.
3. The employer-provided medical insurance will cover for RM 50,000, and John is billed RM 10,000.
4. The hospital then will issue a receipt to John upon payment of the balance of RM 10,000.
5. With that receipt (and other relevant documents), John files for a claim with his own personal insurance policy.
6. His own insurance policy will then cover for the remaining RM 10,000 (less any deductibles and/or co-insurance if applicable).

Do let me know if I addressed your query accurately.

Hi all,

I'm looking for insurance for my newborn. However, he has been diagnosed with hypo-thyroidism, a condition where the thyroid gland is not producing enough of the thyroid hormone.

Current treatment is a daily dose of oral medicine that boosts the hormone. Is he insurable?

Will depend on the doctor's report and overall reading. If it's favorable, policy will be granted otherwise it will be postponed.

While waiting for real insurance sifus to response, I kay poh abit here.
I think it is insurable, but the coverage may excludes this preexisting illness n it related illnesses. Even if it is covered, there maybe extra loadings (extra premium cost).
Would you still want to get insurance knowing that?

Satisfy your need for more protection with SmartMedic Million Extender Special. We will triple up your RM1 million medical coverage to RM3 million at no extra cost.
And now, it comes with complimentary COVID-19 medical coverage. Get the Great Combo today before it’s too late > http://my.gelife.co/smm1 – for a limited offer period only!
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https://www.facebook.com/150215745052830/po...0590665953/?d=n

Saw this on FB. Anyone know what is this? We get a free rider with no extra premium??

Yes, at no extra cost.

This post has been edited by lifebalance: Sep 17 2021, 04:48 PM

Thanks.

according to your link,...

Q: Is there any cost (i.e. additional premium/ insurance charge) that the life assured has to pay for this Programme?
A: No, there is no additional premium/ insurance charge that the life assured has to pay for the complimentary protection under this Programme. This Programme is provided by Great Eastern on goodwill basis.

Q: Will there be any guaranteed letter issued if the life assured is hospitalised due to COVID-19?
A: No, any claim from this Programme will be on medical reimbursement basis.

Cashless facility is not applicable for hospital admission when the life assured is diagnosed with COVID-19.

Q: What is the coverage period of this Programme?
A: The period covered under this Programme is based on hospital admission date from 18 August 2021 until the amount of the RM20 million fund set aside for this Programme is exhausted. The Company will provide a notification at least 15 days prior to the withdrawal of this Programme.

Q: Can the life assured claim under this Programme if he/she is a Category 1 or 2 COVID-19 patient but was recommended by his/her doctor to be hospitalised?
A: In general, for a COVID-19 patient with no symptoms (Category 1 - asymptomatic) or who does not require active treatment i.e. in quarantine only (Category 1 - asymptomatic or Category 2 - symptomatic, no pneumonia), any services received during such hospitalisation including quarantine at quarantine centres, quarantine at hospitals or home quarantine would not be deemed as Medically Necessary. Hence, the expenses incurred will not be reimbursed under this Programme, unless there is evidence showing the hospitalisation and treatment received are Medically Necessary and active treatment is required for the patient during the hospitalisation.

Q: Are all COVID-19 claims under Category 3, 4 or 5 deemed as Medically Necessary?
A: Yes, all COVID-19 patients receiving active treatment in a hospital as a Category 3, 4 or 5 patient would be deemed as Medically Necessary.

Q: What is considered as Medically Necessary for COVID-19 hospitalisation?
A: When the life assured receives among others, active treatments such ventilation support, oxygen supports, intubation or intravenous medication during hospitalisation due to positive diagnosis.

“Medically Necessary” means a medical service which is:-
..................
.................
(read from the link for more FAQs details...

Thanks, the COVID 20M has been there for about a month now. I heard the utilization is surprisingly low. Meaning most of the 18/19Million is left.

maybe because of this consideration,..

Q: Will there be any guaranteed letter issued if the life assured is hospitalised due to COVID-19?
A: No, any claim from this Programme will be on medical reimbursement basis.

Cashless facility is not applicable for hospital admission when the life assured is diagnosed with COVID-19.

must have money in pocket to pay first....then subject the bill to be scrutinize for items/services deemed to be “Medically Necessary”

and also the chances of getting it and the chances of happening to those people with those insurance eligible plans

This post has been edited by MUM: Sep 16 2021, 10:50 AM