Hi All,

I need your advice and clarification on how my medical policy works. Note the policy is from Great Eastern.
I receive this letter couple of months back asking me top up because my current monthly payment is unable to "sustain" my insurance plan.
My insurance agent explain to me that topping up is not required especially for my age demographic (late 20s), and my policy can still cover me to maybe age 70+(?)

I have a few questions :

1) What is the difference between increasing and not increasing the premium amount.

2) If i increase the premium amount, does it mean that the policy can maintain longer and vice versa ?

3) Scenario : Lets say i don't increase the premium amount, and the policy can "sustain" until I'm 70, what happens later if i reach to 71 age, does my policy suddenly lapse ? how will i be notified and how much should i increase the premium then ? (Touch Wood) Lets say if i'm hospitalised at age 71, does it mean that my insurance is effectively lapse and I'm not insured? What happen to all the premiums i payed previously, does it not cover any of my hospital bill ?

4) Scenario : Lets say i do increase the premium and policy can sustain longer, but what if (touch wood) I don't reach the supposedly extended period. What happens to the extra premiums I paid ? All wasted ?

Really sorry if I'm asking very noob-ish questions.
Appreciate your time in explaining this to me and much thanks in advance.

Hi,

I'm actually checking AIA package. Seem like the family package only having annual limit of RM150k.

Was looking if there is package covering >1M, with the health wallet and AIA vitality option.

which insurance company's medical card is the best in Malaysia?

Any1 can suggest a child insurance that comes with education savings?

any insurance agent here ? 26 this year, plan to get medical card . I am working overseas, can claim the medical card if I nned to hospitalised when I am old ?

can claim the medical card if I nned to hospitalised when I am old ?

Yes, I am working oveseas , I dont come back often , even before the Covid period. Can I still claim the medical card insurance if I need to be hospitalised ? Can suggest any good medical card ?

Sg, office based professional, need basic medial card coverage, can suggest any ?

I will stay most of the time in SG. Just want to take advantage of the medical card in Malaysia if I am diagnosed with non-critical illenss later . Is that still possible ? since I am away from Msia for more than 90 consecutive days .

So, back to the question. Say that I am diagonsed with non-critical illenss which need to be hopistalised ( I choose to admit to hospital in Msia), is the medical card still valid ? Since I am not in Msia for more than 90 days consecutively

Can suggest any good medical insurance for me ?

There is a few option.

1. Buy a Singapore Insurance if you are planning for a long term stay there

2. If you do come back to Malaysia and only travelling to SG for work but stuck due to COVID - then applying for a Local Medical Card  is also viable as they do extend coverage to Singapore but do note it's still based on Reasonable & Customary and Medically Necessary Charges for such equivalent local treatment in Malaysia. Which means the covered amount would not be full (SGD v MYR).

3. If you're willing to spend a premium for it, there is also can option where you can cover 100% of the cost incurred while in Singapore and there is no travel restriction or waiting period (coverage starts immediate).

I can suggest you companies like AIA, GE, Allianz for starters.

Recently there is a viral covid hospitalization charges over RM300K. Is there any medical card willing to cover this amount?

I have checked with etiqa but they said the highest claimable amount is RM150K. Any idea which insurance company can fully cover RM300K?

...

So back to your question : Is there any medical card willing to cover this amount?
For prudential , yes , subjected that is it necessary covid treatment & the covid promotion still ongoing.
*subjected to cashless or reimbursement basis

So company can stop the covid promotion anytime?

How would a patient know the charges are not reasonable ?

Can a patient request for a review based on a 'similar' treatment of another hospital charges ?

HLA becomes third Malaysian insurer to provide COVID-19 coverage

The coverage is given at no extra cost as part of HLA’s complimentary special benefit for policyholders with individual medical plans when they get admitted at private hospitals for COVID-19 treatments in...

Categories 3 (symptomatic, pneumonia)
Category 4 (symptomatic, pneumonia, requiring supplemental oxygen)
Category 5 (critically-ill with multi-organ involvement).

“This programme also offers policyholders coverage for post-vaccination complication with daily hospitalisation benefit of RM200/day up to seven days for any complications that may arise after they are vaccinated,” noted HLA.

since on Goodwill basis,...will it impact the policy annual limits/lifetime limits?

Much better than some that has "Policyholders are entitled to claim hospitalisation reimbursement up to their annual limit and lifetime limit subject to the existing terms and condition of their medical plan."

hi lifebalance, do you have the official link or official statement for this? i cant find it on their website or maybe not available in their website yet. wanna send it to my friends. thanks ya

edit: also Allianz one. cant find the update on their website.