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 Great Eastern offer to upgrade medical rider

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Jason
post Apr 28 2025, 03:54 AM

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QUOTE(trumpkampung @ Mar 17 2025, 09:27 AM)
*just checked my offer

my old one looks useless
approx rm2000 yearly - coverage rm50k per claim/year and lifetime only rm200k. Damn freaking low
( policy started sometime in 2005 and 2015 there was an upgrade)

new offer
option 1 is appox rm8k per year (5mil)
-extra rm6k from current / per year
option 2 rm9300 per year (15 mil)

extra rm7300 from current/year
increase is really high
but now i feel not worth even keeping the current policy
rm50k/rm200k lifetime. is it better to just cancel this policy?
another this is current room n board rm 150 and the new one only rm200. they did not give the rm300 room n board despite the steep hike in premium. look like not worth it at all
*
New one got deductible? Higher deductible cheaper premiums.

Did you compare your existing one with kaotim.my? Most importantly compare till age 80. But that’s just an indicator lah

Jason
post Apr 28 2025, 02:28 PM

Look at all my stars!!
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6,356 posts

Joined: Jan 2003
If you’re young
Buy something that guarantees renewal to 80 at least. Because when you’re young and healthy everything is covered and no exclusion.

When you old only buy
Maybe got high cholesterol or bp, they might exclude certain illnesses or outright reject you.

Yes, you can say buy for what, company provide. Well, when you claim from that company’s policy, the condition is made known and moving forward whatever you buy won’t cover that anymore. Unless you own the company, else realistically you’ll lose it when you leave.

Young don’t need buy expensive policy. Got something is better than bare naked 0.

 

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