Loading / Exclusion maybe be imposed depending on medical report.

Hi. I’m looking for standalone medical card.
Any recommendation?
Age 30
Non smoker
Annual limit > 1million
No lifetime limit
Prefer cashless admission

Read back my post in the last page.
https://forum.lowyat.net/index.php?showtopi...ost&p=107699935

This post has been edited by Ramjade: Jul 17 2023, 01:25 PM

I've got a whole list of it but you can't go wrong with the top 3 insurance companies.

Thanks, Ramjade. For AIA, u recommend A-Life MediFlex + Plus MedBoost ?
However, I’m not really interested in Medisavers as their Outpatient treatment for Kidney / Cancer is only 120K per annum.
Currently, looking at Smartcare Optimum Plus (Generali). Any comment on this insurance provider ? Eg easiness to get GL issuance

I only apply AIA med life regular and med booster.
What 120k? They mentioned as charged. But for me no go for medisavers cause follow up only 60 days. After that you need to pay. AIA up to 120 days.

I have trouble to get Generali agent to contact me. They don't seems interested in my money. Anyway I did excel calculations for the premium until 80 years old, Generali I think more expensive than AIA and GE.

This post has been edited by Ramjade: Jul 17 2023, 02:22 PM

The AIA planner told me A-Life Med Regular has been discontinued and no more response from him. I guess have to find another agent.
You’re right, my bad. Saw wrongly on different sheet for medisavers. But anyway my top choice would be AIA, Generali, GE or Prudential at the moment.
Lol. I did a rough calculation till age of 99 n yea, Generali seems more expensive

Just leave your contact here and see if AIA reply back to you. Form my experience they do get back to you.
https://www.aia.com.my/en/our-products/medi...ed-regular.html

GE I need warn you first before buying. They ask for everything and stupid stuff before they give you the GL. I give you few example, my friends gave me. Patient admitted for food poisoning. GE asked for colonoscope report. Basically a procedure where they put a camera into your butt and look at your large intestine.
Second one, patient came in for appendix (need to be operated on). Great Eastern asked for lipid blood test (no connection). Insurance more than like 5 years. Not sure why they asked for the test. Just my thoughts, GE is trying to reject/delay giving you the GL. When I heard all the issue with GE, I canceled my insurance with them straight away. Exercise my cooling period and get full refund. Better to pay more to AIA for ease of admission. Not saying Great Eastern won't issue you GL, they will issue the GL after they cannot find reason to reject you.

Not to mention Great Eastern does not have upgrade to new and better plan without new underwriting if your plan is obselete while AIA have it with certain terms and conditions. Not sure what are the terms and conditions. I known 2 people who got upgraded to the new and better plan even though they have illness. My guess is maybe if you never use the insurance?

Prudential as mentioned does not have standalone. Only Prudentialbsn have.

This post has been edited by Ramjade: Jul 17 2023, 03:08 PM

yes. ALMR is discontinued. they have a replacement called medi flex, the one which the product name you shared earlier.

slight correction, both prudential do not have standalone medical plan.

Wow didn't know that

Actually have. The Prudential agent told me. Prudential don't have. But Prudentialbsn have it.

This post has been edited by Ramjade: Jul 17 2023, 03:35 PM

miscommunication or misrepresentation?

but maybe they tune the life protection super low. but still not zero.

Don't know. 2 Prudential agent said the same thing. So it have to be correct.

Maybe a quick call to the service center can give you a more definite answer?

Cuz what I know for sure is what the others are telling you.

Indeed the old ALMR had been discontinued. The new A-Life MediFlex is generally more expensive and only Plan 250 with booster rider can have RM 1 million annual limit.

In the long run, stand-alone medical plan price increases substantially especially towards your older age & as you may already aware, there is no cash value.

To be frank it is wiser to go for investment-linked plans with medical rider, at least there is cash value after the 2nd year.

Actually both increase. Only in ILP you don't see the increase as they are being minus from your cash value. Also your agent should tell you that there will come a time where cash value cannot sustain the insurance anymore and you will be forced to topup. Failing to topup means your insurance duration will be reduced.

Not to mention, if your agent didn't tell you not to expect any cash value upon the end of your contract, you should run far away from that agent. So at the end the ILP also have no more cash value.

Actually it's wiser to go with standalone and put the difference in savings into EPF as overtime ILP usually cannot match EPF returns (over 10 years+ duration). Then once retired, use part of the EPF to fund your standalone insurance.

This post has been edited by Ramjade: Jul 17 2023, 08:36 PM

I had compared both before, in the long run (especially when talking all the way to age 100), still stand-alone medical card costs more, especially if you are looking at long life post 80s. Look at post-60s increment, it is basically near absurd from there onwards.

ILP premium will increase too over the years and because of this periodic increment, your cash value will overcome the increasing cost of insurance, hence not eating into the cash value at maturity.

However over short term wise & the insured is still young, stand-alone medical plan is of course much cheaper and only increases once every 5 years.

Do take note that the new AIA plan MediFlex had increased substantially in price. Previously ALMR can be obtained from as low as around RM 70.

Medical insurance has no cash value itself. The so called cash value come from investment of unit trust hence it is called ILP. Those projected profit from the unit trust is not guaranteed nor must be profit. There may be negative return as well. If negative or less than projected then it may costlier then standalone. The beauty of ILP concept is to use igood nvestment return long term to offset the cost of insurance.

any comparison too far down the line is meaningless. especially say if you are age 30 looking at the total cost up to age 100. because insurance companies are repricing it every 3 years... those numbers are syok sendiri only.

most importantly is buy from through a trusted agent who will serve you well, make sure you pay your premium on time, and choose something with higher deductible or co-insurance if you want good long term value.

higher deductible --> 1k at least

co-insurance -->10% 20%? the AIA plan is 20% capped at 3k. still ok... this means, any hospital bill above 15k, you also pay 3k. less than 15k, you pay 20% of whatever the bill is.

Er you know right for premium of around RM3k/year, the premium can only sustain until say 70 years old+? I have looked at great eastern, allianz , AIA, prudential. All same only.

Er again not sure where you get the data from, all good agents I talk to said don't expect your ILP to have cash value. Expect 0 value at maturity and you will need to topup along the way for it to be sustainable. How much topup around RM50k. Of course the bad agents I met said don't worry, ILP will cover everything. Lol.

This post has been edited by Ramjade: Jul 17 2023, 10:40 PM

maybe the agents assume the person will kong/die at 70s?