Under private hospitals, when you show the medical card, cost will raise by 20-30% on the spot. But if you pay cash, it will be cheaper.
So, you have to know the room rates before buying any insurance, else better you stay in government hospitals.

If buying insurance are straight forward, then insurance company's each year net profit won't strike new high.

Are you sure only GE will do like this only
As far as I know, there's only 1 company that never state this, which is Carboost company

[quote=leonard73,May 29 2014, 11:00 AM]
c) There is a small death/tpd protection and projected cash return of RM32k+ but consider this as your bonus only. Want to invest, do it in an investment account.



[/quote]

Does it stated in the policy for the tolerancy limits for the extra charges for the room to be covered?
Another question is, what or which private hospital I can stay with room & board rm200? Can I get a single room in prince court or Gleneagles & etc.? Can you state some for me or to others?

[/quote]
For the hospitals you stated, rm200 only entitle you to sleep at their basement parking

I think this guy really pissed off at insurance company

Correction:
1) Investment-Linked is like your unit trust... no declaring profit or whatsoever. the slight difference vs unit trust is insurance company doesn't declare dividend unlike unit trust company but that doesn't really matter cause if you want to cash in the profit, just sell your units la. in insurance company they call it withdrawal or something else.

2) As for the declaration of profit, that's the participating plan aka your endowment plan. you can google that... how it works... bank negara monitors as well. it is in the company's interest to declare because they 'share' it between policy holder and share holder. forgot how it works exactly.

3) medical card commission also quite alot. i don't forgot the commission scale... should be nearing if not over 100% over the 6-year period.

BTW, ALL the insurance does that. not just for medical, they do the same thing for all their whatever products. their new ones also definitely an upgrade already.

the best analogy i can think of is... ipad air vs ipad 2. well... there's upgrade and there's product differentiation...

Do you really want all the agents that looking for water fish here openly admit to you that their company are cheating

All the insurance companies are still nego with BNM to strike off medical coverage, so sooner or later your medical card may be as light as your hair

If you can get 1, by that time your 2 legs are straight already.

Ever heard of Genneva
This is what GE are doing, launch new policies and dump old policies. This is another reason why I dump all insurance. Is not our money getting smaller, is the policy's value depreciate by it self every year

NO SUCH THING

Argh... what's wrong with you? mind telling me which agent or which company pissed you off? i'm very curious now.

I know 99% of the agents out there don't mention all the hidden clauses.

But to be fair, majority of the normal people out there are very ignorant too. and i'm not saying about understanding the hidden clause. i'm just refering to just basically understand what your insurance policy can do. i know of people, who are educated and not stupid. but they are just ignorant.

My father was down with cancer. and because we can't afford to send him to private hospital and he doesn't have medical card... so... thank god for government hospital or the semi gov like UM UKM.

If you don't want insurance? it's ok, just burden your family members.

AND NOT SUCH THING as policy value depreciate every year. unless ILP, and you didn't pay. that's another story.

When I bought GE, 2 Prudential agents approached me and said GE can void an insurance policy at any 1 time at their discretion while Prudential won't simply void. Even if Prudential void, I'm still covered as I'm covered based on the hard copy policy. So quickly I changed it.
After a year, then another Prudential approached me and keep on discriminating 1st agent's way of selling policies. My medical coverage are very low and he can change it for me. So my medical card's coverage increased.
When I want to do a small operation and apply to claim it, stated on the policy I can claim. But to my surprise, I can't claim unless I lost that part due to severe infection.
So at the end of day, paid close to rm12000 and I can't enjoy any benefit from it and I have to pay rm6000 by my own.
And a policy will depreciate by its own and not like you said. Room rates are higher over the years and the medical card can't cover full amount. Like for a rm200 monthly package, room rate only cover rm150. Just a simple private hospital's 4 bed sharing already rm250 just the bedthis year vs last year of rm220. Food are counted differently.

My my, insurance agents sure are some competetive lot as per shown in this thread. In my other threads people civilly discuss the matters, there will be hard feelings, but none more vindictive than this thread.

It's like your life depends on it or something

Its written black and white the room charges.

Stop misleading people say if use medical card the room charges will increase

Already happen to my wife before on this, so is a fact that all insurance agents will try to deny

Room & board rate won't simply because you show your medical card and any hospital will shown it on the reception counter or their website. Then if you allowed your wife medical card to be charged hire, it might means that you and your wife are ignorant about it.

I did use my medical card before but the bill never shown different rate or higher that stated on the room rate chart.

You are just being struck with bad lucks

Don't lock yourself up in a dark room, to be honest, I did meet 1 and thanks to him, I have a better knowledge what is insurance, how to avoid misleading information (sales tactics), how to choose the right package for myself including through this forum and how to avoid high insurance charges with better coverage but yet I am still learning as insurance changing from time to time. Don't be ignorant as you said.

Pay by cash and see how they charge. Even if the room rate never change, consultation fees also they will charge more. As long as you used 1 time medical card, the rate already different from you pay by cash.
All this info are discussed by my wife and her room mate when she was admitted.

Same doctor with same sickness? How we can be justify as each doctor have their own charges, same like servicing a benz and a proton car. I am not saying that you are wrong and I also believe there is a board of fees range charged per case. Example like lawyer, consultant, architect, doctor and others professional board.

Same doctor with same sickness.
And my wife got extra service compare to her room mate, she always got sms from the doctor, on offering new checkup package.