1. If you're using a deductible plan, you'll be forced to use your company card first otherwise you'll have to pay fork out to pay for the deductible before the deductible medical card can be used.

As mentioned in the earlier post, as long as you're still healthy, you can make a request to change by re-declaring your health status at that point of time, if the insurance company finds it unfavorable then they'll reject your application to change the deductible to a non-deductible plan.

So if you have a 80k deductible plan for example then you'll be forced to pay the 80k upfront first before the balance is covered by the insurance company throughout your policy lifetime.

On the other side of the coin, you pay a low premium for your insurance but at the same time, will it be worth paying 80k upfront?

That depends on what is offered by the insurance company for the 80k deductible. (Different company have different % of discount)

For example, the normal premium is RM1,000 monthly, but someone with an 80k deductible could be paying RM200 monthly.

wow, that is alot of % ,...between a 80k deductible and a non deductible plan of similar coverage. for TS

bro, which company has 80k deductible plan btw?

that is one of the selling points of UBB trust as mentioned...

Why Should I establish a UBB CASH TRUST today?
It provides swift cash for expenses during emergencies and to tide your family over until the insurance payout and access to your money in your bank accounts or will. This cash can also be used to pay legal fees to access any inheritances and bereavement-related expenses.

hi YoungLee, yeap you are right on this one. definitely cannot wait for the proceeds then only carry out the funeral. that's also the reason why now people buy pre-plan funeral service package.

yeap basically it's just Trust funded by cash. best to have ready cash self prepared too.

nah doesn't exist, only giving it as an example.

The highest deductible you can set now is either 75k - 100k

This is not considered a "reimbursement", it's a payout from the policy benefit. Consider that the policy has been fulfilled by the insurance company once the insured has passed away.

If you have a trust set up, the payment of funds will be much faster as the money is already there, and you'll just need to submit the necessary documents for the trust to hand out the money. (This is provided you have park some initial asset/cash into the trust).

However if your trust depends on insurance payout, the processing time is similar to what I've mentioned earlier.

This post has been edited by lifebalance: Feb 1 2021, 10:40 AM

MUM, the variance is only about 400-800 per year for a 2mil medical card. the deductible is 75k. use simple math 400 vs 75k, which one will you take?

Will this 400-800 per year saved be (alot) more than enough to buy another 75k coverage?

It is ok for a newer thread.
Previous due to ease for server, it is recommended by admin to create new thread whenever reached certain number of posts.
Since after the upgrading, it is no longer a requirement.
But if feel need a new thread for more ease for reading and navigation, it is welcomed also.

Those wish to refer back to previous thread, can click on the link TS provided.

Thank you.

Hey I’m back
May I know which products provide more coverages? Like including medical and personal accident.

And I’m not living in a city. The nearest bank I could reach is Maybank.

Can I buy ETiqa’s insurance at any branches of Maybank?

This post has been edited by Pohziliang96: Feb 2 2021, 02:05 PM

You may want to get a few quote or check out the online brochures directly with the insurance company and do your own studies.

If you want to deal direct with the insurance company, then you may opt to get their term policies available on their website, just key in your details, choose the plan & make the payment, I believe Google will be your best friend.

If you wish to get comprehensive policies, you'll have to deal with an agent. Nowadays, you'll be able to buy a policy with the agent without having to meet the agent face to face.

This post has been edited by lifebalance: Feb 2 2021, 03:06 PM

Thanks for your advice

You said u were having Smart Medic Xtra (SMX) series in 2012? 2012 we were still using Smart Medic (SM) only which 10% co-insurance. SMX was launched in year 2015-2016. Better check via E-connect. If u r holding SMX actually this plan not too bad. This plan without any co-insurance.

Q1: If u downgrade the existing plan to a 60K or 90K, or 100K deductable amount then obviously ur premium can be as low as RM100/m. When u reach 60yo then u want a deductible plan, you need to undergo the underwriting process based on the current health. As age grow especially 60yo, be frank lots of exclusion and loading.

Q3: not worth bcoz u need to start paying commission to company A or P agent again. bcoz ur current policies has passed 9 years and 100% allocation. No more commission payout. another risk is the waiting period recalculated.

Cant comment on the preference of companies or agents. Can google and check which companies has higher assets and market position.

Thank you so much for your reply, appreciate it!
Indeed there is a upgrade made in 2018 to SmartMedic Xtra.
I did a check the premium difference between SmartMedic Million and SmartMedic Xtra for age 32 is just RM26 for R&B200. So far I see the only drawback is SmartMedic Million with deductible RM300 I guess? Or maybe something that I did not aware of.
Also it does come with regular increment to the R&B just in case R&B getting more expensive in the future.

Yes, agreed with all the sifus said here, I forgotten about if reduce deductible in the future will need to undergo another round of underwriting and subject for approval. So definitely will be out for my considerations for now.

I am actually curious how the commission works here, I would assume that if I did an upgrade of medical card, the commission for that agent will be restarted correct?
And does it matter for consumer point of view? FOR EXAMPLE the medical card premium is 1000 annually, the commission is 30% second year is 25%, I am still paying 1000 annually correct?

Will try to compare the plan out there and see whether there is a worth to make a switch, because thinking better do the decision now than later, but if there is no justification to do that, most likely will continue stick with GE.
Thanks again.

You got a lot of input and I agreed with them.

As a reminder, don't lost focus on benefits/ coverage which is the fundamental why we need insurance.

How much agent can earn from your medical plan premium? Comparing the the medical bills that might burn out all our hard earn money.

No perfect plan, always something better than current one in future
Best timing and price is the moment you still acceptable by company
Best value is the premium that you affordable, longer sustainable better

Compare exiting and new one, get your agent to explain the different.
To sign the SMM, you need to keep the previous policy at least 1 year. I recommend 2 years. You agent shd be able to guide you how.

Anyone can provide quotation for cross hibah?

What amount would you like to Hibah?

Will need Husband and Wife details as below
DOB
Gender
Smoker or Not
Occupation
Hibah Amount

i pm u

During pandemic, so far, does insurance company still give guaranteed yearly renewal to standalone medical card holder without underwriting?
Anyone come across this?