Pjusa, CI is equally important as an medical card. I do understand that you think that when a person is diagnosed with cancer or other CI, a good medical card might be able to cover its whole medical fees. However, do you think the person will still be employed after he is being diagnosed of cancer? If you only bought a PA and medical card, how would you get your income during the whole treatment of the cancer? PA does give u income, nor life. Your family still depends on you to provide income. CI maybe not enough but at least will reduce your burden. Sometimes we might not die straight away after we being diagnosed of CI nor we will stay at hospital after that. There must be a reason for CI policy.

However, every people view their risks differently. If you think that CI is not important its your decision and i do respect it.

Thanks

Yes, can. I got Insurance contract & also a Assistant Manager of CIMB BANK. That's why I'm the real Financial Consultant. If I got no study Insurance Act will you think I got the right to give advise to my client?

medical card get tax relief ?

yes. tax part previously is 6000 & 3000. this year slightly increase.

6000 is for EPF & all type of insurance.
3000 only for medical & education.

if you purchase a medical card, deduct full amount of 3000 part, if ILP plan then have to take out the rider part only.
example

1) stand alone medical card : annual RM489 (RM3000-RM489)
2) ILP annual RM1800 still (RM3000-RM489) "if medical card inside ILP is same price"
not (RM3000-RM1800) because ILP RM1800 already include Life etc..

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Added on February 1, 2010, 2:09 amSorry forgot mention, some insurance company got GI, of cause GI have stand alone medical card cause GI don't have life product


Great Eastern PA great
1) RM 300,000 sum assured is just RM 300 yearly premium nia
2) Cover till age 100, all other company about 65 only
3) medical re-imbursement Rm 15,000
3) Bereavement & Repatriation & Recover give another RM 3,000 Allowance
4) Sum Insured increased by 10% each year till double up become
RM 300 buy RM 600,000


Got 3 plan 100, 200, 300 per year
RM 100 = RM 100,000 medical RM 5,000
RM 200 = RM 200,000 medical RM 10,000
RM 300 = RM 300,000 medical RM 15,000

TPD of 1 hand/leg count as 100%, other % applicable - example finger etc


Interest just pm me, also for any enquiry

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Added on February 1, 2010, 2:15 amPersonally, I like weikian, a good & clear risk handling
Hope there is a day I can make all my client like him

This post has been edited by QQstore88: Feb 1 2010, 02:15 AM

weikian,

i totally understand the reason for CI. the reason why i dont like it is because it only pays for the named 36 illnesses under conditions (sometimes requires survival of 3 months etc). the intention is good and yes it serves as an income replacement. but it would be ever so much more worth it IF it would cover a lumpsum payment if for whatever reason i am no longer to work. naturally this would be slightly more costly but significantly better.

to me CI in some ways resembles a lottery. if i am unfit to work due to sickness and i am not struck with one of the CIs then what? of course some protection still outperforms none though. to me it's not so important due to very personal circumstances. but there are (costly) options available in the expatriate insurance market that are also open for malaysians which will cover the risk of beeing unable to work with a lump-sum payment. i think william russell and some french insurance with a branch in KL do offer this.

haha, dear friends, the Critical Illness / 36 illness is a lum sum payment la~ not like medical card is only cover how much of your medical fees only, you are not entitle to any cash money. In normal status, you & me do need money to survive, like car la, house la, eat la, bil bil la, our family la~ the lum sum cash for us is to handle thats situation, imagine, if we already lay at bad, you still want to worry about another thing? or take more rest with peace of mind?

I understand maybe some little sickness not under 36 illness, but, mostly heavy illness under the CI, is Bank Negara Guide Line. If as you say you already unable to work, definately yes, you entitle to have.

Last month I just admit to Sunway hospital due to high fever, my neibour has "darah tersumbat" he admit about 2 week only. But he got his CI Cash d, hospital fees also cover by his medical card. early me 1 day go back ler. He happy & keep on come chat with me~ is it good?

My opinion, want to have it or not still up to you.

my current self purchase is Guaranty Life, TPD, 36 illness + saving 4 in 1 policy. monthly about RM 100 nia. 20 years I will got another RM 24,000 saving, ok also a.

If anything happen, i will got RM 100,000 ler.



This post has been edited by QQstore88: Feb 1 2010, 11:16 AM

The cheapest medical card insurance, cover whole family from RM50/mth

Coverage RM35K, all major private hospital, cover the whole family (spouse + all children sharing the same limit)..
only from RM605 yearly.
* Condition: must invest minimum RM1000 in unit trust then you are entitled to buy this..
* I'm using this for about 5 years already..now I have 5 kids..all covered.

email me for details
acopanim@gmail.com

Great Eastern PA great
1) RM 300,000 sum assured is just RM 300 yearly premium nia
2) Cover till age 100, all other company about 65 only
3) medical re-reimbursement Rm 15,000
3) Bereavement & Repatriation & Recover give another RM 3,000 Allowance
4) Sum Insured increased by 10% each year till double up become
RM 300 buy RM 600,000

This plan looks interesting, what is the name as I am unable to locate this in GE website...

This post has been edited by lgs: May 13 2010, 11:50 AM

The plan is called Centennial PA and is from OAC which forms a part of Great Eastern Holdings Group in Malaysia.

This is PA is very cheap and good. Just imagine 100/annum covers 100k, 200/annum covers 200k and 300/annum covers 300k. Go get it. Correct me if i'm wrong on the figures.

How about Tunemoney PA?

https://www.tunemoney.com/web/guest/personal-accident

the form also simple then all other insurance, just fill in 2 page, which is name ic address credit card nominee sign & fax to apply.

FAX = 03 - 8948 0451

 Centennial_PA_Proposal_Form.pdf ( 459.52k ) Number of downloads: 133

Is Allianz insurance good?

Most of the product for Allianz are investment-linked. There are pros and cons for investment-linked product. This applies to traditional products too. Kindly check on how these 2 products works and what are the term and condition, example, what is the defination of critical illness, what are the exclusions and limitation of the plan, the projected investment return rate, the stability of insurance cost etc etc..

the projected investment return rate ?

There is nothing to do with medical card.

Its only "Projected" and nothing guaranteed.

Even its put projected investment return is 100%/year you believe?

All investment linked products works based on the same principles.

Only the difference is the cost of insurance of the riders and of coz the benefits. Just choose the right one for u and the the right price. No best insurance out there, only the best one if u buy it and u can claim.

Talking about insurance, I did mentioned about getting medical insurance in my article about Wealth Health & Properity in my New Blog called Ringgit Wise Fool where I mentioned that we should get Medical Insurance does covers beyond age 65 which I have also previously mentioned in another insurance thread.

The average lifepan of Malaysia is now above 73, so you think you'll live beyond this said age? Better you get a policy that covers you up to age 75 and beyond now and not thinking of upgrading or your agent telling you that you can upgrade later because if you do make any claims, the insurance company will not offer you extension from what you initailly sign up for.

Below direct link to my article.

http://ringgitwisefool.blogspot.com/2011/0...prosperity.html

This post has been edited by Gen-X: Jan 16 2011, 10:53 PM

Lol..

Allianz got standalone medical card?

Mostly all are in ILP right?

There are things that you can check and deduce on the projected investment return though..

Do I need to pay for admission fees eventhough I hv medical card???

Many insurance company said card owner/patient no need too pay for admission fees but still some private hospital ask for that. Otherwise, hospital won't attend u ....

Hey guys, I just started working a few months ago and am thinking of getting some medical insurance for myself. My budget is around 150 to 200 (max) for my monthly premium. Prefer full coverage plans

Do you guys have any recommendations about which company and which plan i should go for? If the medical insurance includes savings it would be a great plus