is the time for me to renew my medical card,but my agent not so active in his insurance field d...
may i know which medical card is better?any suggestion?

This post has been edited by ultramanbabe: Mar 9 2008, 10:13 PM

orange lion insurance company medical is da best.all medical in the market need to pay for the admin chargers but nope for orange lion company.last time need to pay rm50 but now nope at all.

u might wanna check out AXA n c...

howabout Prudential?

Guys,

I think it would help to be a bit more specific. When you ask for which is better, what is your criteria? Remember that in most cases, better would translate to a higher premium.

Which car is better? Proton or Mercedes? Of course Mercedes is better but not many of us can afford it.

Remember that one man's rubbish is another man's treasure.

Define your criteria and forumers can give more constructive opinion instead of one liner answer.

are you talking ING....

Get a good medical card from the top players like Prudential, GE, AIA, ING should be good

1st. besides that you also need to consider the agent service, cause when comes to claim will he be there for it

2nd. get a term medical card rather than renewable basis, from my experince term is somehow better because of GURANTEED RENEWABLE.
you dont wanna buy something that can renew once only right?

You must choose the one that suit your budget also for example not to get a co-payment card that mean any bill you still have to pay some
I'm using MAAmedical card with guarented renewal.

good question,yup i dont know anything about medical card,im trying to search the best for me
well,im just a bank officer,so sure not go so far in my range ..

get a plan tht include a medical card. see agents from all reputable companies, sometimes reputable agent is more important than company itself...

Have u claimed from medical card before ? I bet not yet right ?

Chk wif few diff insurance company and compare their pros.

Since ur medical card is expiring soon, do take up one soon. Do remember that Medical Card have 30-60days grace period for new card issued(which u paid but unable to claim for certain medical expenses). Some company do have up to 90-120 days too.

Study & compare their brochure. Some sales personnel are sellin for the sake of sellin only & not really helpful when it come to time u need their advice on claim.
Trust me, I've seen such ppl b4.

I do find medical card useful as I've utilised them for my son's claim before.

---

Added on March 11, 2008, 3:00 pmHave u claimed from medical card before ? I bet not yet right ?

Chk wif few diff insurance company and compare their pros.

Since ur medical card is expiring soon, do take up one soon. Do remember that Medical Card have 30-60days grace period for new card issued(which u paid but unable to claim for certain medical expenses). Some company do have up to 90-120 days too.

Study & compare their brochure. Some sales personnel are sellin for the sake of sellin only & not really helpful when it come to time u need their advice on claim.
Trust me, I've seen such ppl b4.

I do find medical card useful as I've utilised them for my son's claim before.

This post has been edited by ekestima: Mar 11 2008, 03:00 PM

Which medical card are you using? I'm under ING, never heard about the renewal

thanks for ur comment,i will do that too,cos i need to buy for my parent as well

---

Added on March 11, 2008, 11:28 pmno good to bad about the company,so secret..
ehm,,as i knw,got 2 type,1 need to renew,pay yrly,another wn no need to renew


This post has been edited by ultramanbabe: Mar 11 2008, 11:28 PM

I have this Pruassist card - is this a medical card? there didn't mention any expiry as well.

Wa, got no need to renew one meh ? not yet heard of it la. Normally is yearly renewal one. If for ING one I know tat my sis co is givin to their staff one tat one no need renewal coz all arranged between tho co & insurance company ma.

Allianz medical insurance is having a leading edge in the current market with 10 times of annual limit rather than 3 times of annual limit as for most insurance company. That is: RM75,000 for annual and Rm750,000 for life time.

Humbble

AIA is good..no need pay deposit when admitted..100% full coverage

i am using axa. anual limit 500.000, no life-time limit and renewable at the option of the policy holder onces accepted. very good coverage but low on outpatient cancer & dialysis. you might want to buy extra coverage for that for example from tokio marine or others.

That is what many differentiate between a medical card that treats "Major illnessess" and "Minor Illnesses"

Rm60,000 lifetime limit for customer who needs outpatient cancer treatment and kidney dialysis??

Allianz is offering Rm150,000 annual limit and Rm1.5 million lifetime limit which OUtpatient treatment for cancer and kidney dialysis can match.

Humbble

If you are intereseted in buying medical insurance,I find another Chinese forum which is very active in discussions over medical insurance for all to share.Hopefully it helps those who are more well versed in Chinese as most of the terms are in Chinese characters.

http://www.jbtalks.cc/thread-274060-1-1.html

Humbble

my sister who is AIA insurance agent said great eastern's medical card is the best among the life insurance company so far.
But as i know pacific also not bad,which u can get RM500 room and RM500 pocket money per day,because i bought this M.Card before,thier service damn good

Maybe you could share with your sister this link in a very popular Chinese website called JBTALKS.

http://www.jbtalks.cc/thread-274060-1-1.html

Humbble

prudential,

feel free to contribute. dont just advertise - this is a discussion no marketplace. (sorry for the cross-post but it also applies here)

and i did read the blog. you provide little actual information. do you have factual support that prudential is a better medical insurance than others. i doubt that - actually i am pretty sure there are plans around that offer the same, similar or better coverage at a lower effective price over the insurance period.

From what i know, Prudential do not have standalone medical card. They only have PruHealth which is a rider. You must purchase investment linked policy to include this rider.

All medical cards have their strengths and weakness.

The packaging I've seen so far is always done to allow you choose what you think is important for you based on your affordability etc. Some provide high annual/lifetime limit but would sacrifice some benefits like kidney dialysis, out patient etc.

If someone tells you that one company's product is superior than the others then that's just a blatant lie as then only that product would sell well in the market.

medical cards are just like a debit card u load up to pay for ur future medical bills. many are confused about this and alw expect to be get money when their relative died. when they dont get paid, they go around say insurance cheat ppl's money.

medical cards only pay for medical bills. this is why it's not advisable to only get a medical card coz everyone dies in the end. that's why ur insurance agent alw advise u to take medical card + investment-linked insurance coz invs-linked is a lot cheaper.


when u get a medicard, u need to check the annual limit they offer for ur budget. and also the lifetime limit.

compare it to how much bills u think it would a reasonable range that u will need for ur future health problems. (never think "it wont happen to me" coz we're not fortune tellers. we dont know what will happen to us in the future. we all can get old and get sick.)

consider how much an operation would cost.
for example, a heart bypass now costs around 60k in a private hospital. do u hv a history of heart disease in the family??

then consider how comfortable u want to be when u r in a hospital. do u want 4-sharing, twin-sharing, or ur own private suite?

discuss all this with ur agent. he will guide u and discuss ur concerns.


the above are just guidelines. what kind of medicard u buy is still up to u and up to how much u r willing to put away for ur future medical expenses.

hope this helps


good luck!!

This post has been edited by xeroxeropi: Jan 30 2010, 02:19 AM

xeroxeropi...i hope you are not another one who suggests someone to buy ILP without looking at the limitation of this product...

ILP has its own strengths and weakness. Its depends on personal needs and affordability.

ILP products does have its own pros and cons. Always make an informed decisions after considering all the facts based on your objective, affordability and risk appetite.

generally ILP is the more costly variant that forces a lock-in on the insured if the overall coverage is identical. if you cant handle early savings and save them for future high premiums and you know the plan is perfect for you and will remain so then ILP might be a decent choice. for pretty much all other cases GI will be better than ILP for identical coverage.

From wat i have encounter...i found Every company have it specialty. Such as. AIA is having better offer on TPD. ING is on return and cover rate. etc etc

i thought i was offering insights on MEDICARD??


i was concerned that many ppl seem to get life insurance and medicard all mixed up.




true.

everything has their strengths and weaknesses. i'm glad there're some ppl here who understands this fact.

just because sthg didnt not live up to ur expectations, doesn't mean it won't be suitable for someone else. insurance is not a one-size-fits-all product.
ur needs and concerns should be addressed and covered. and everyone has different needs & wants.






what do u mean by "costly"?

although costs would be a major concern for everyone, it shouldn't be the most important issue when considering insurance. just make sure ur needs are covered. then adjust accordingly to ur budget and other concerns.


i assume GI=general insurance?

this is a grave mistake to suggest GI as being the same as ILP because ILP is LIFE INSURANCE and general insurance is other insurance that doesnt concern the human life. egs: motor, house, jewellery... these two aren't the same and shldnt be treated as such.

just by comparing the costs of the two, of coz, ILP would seem costlier because GI is just a few hundreds/year. but they both have different functions so shouldn't be compared like apple to apple.

xeroxeropi,

we are talking about medical (H&S) insurances and not life. i do have serious objections to life insurances but that is a different story.

ILP H&S plans are almost always more expensive to the consumer than the same cover for H&S from GI. this is due to the nature of the product. a GI H&S plan outperforms ILP H&S plans on a multitude of levels (no lock-in, no high upfront premiums, lower overall costs) that we already discussed to great length in this thread. in a nutshell: if you want a medical card, stay far away from ILP H&S. (this applies to the vast majority). just because people purchase those plans doesnt mean they are good plans. ppl tend to make bad decisions.

also purchasing a whole life insurance is generally not a good idea because it creates a lock-in situation with significant issues of underinsurance when it comes to the core protection areas (health and if you so wish TPD) when you look at the premium you pay.

costly means: you pay more with ILP than you would pay with GI for the same (!) product. this is due to the nature of the two products and its inevitable. why pay more for something when you dont need to?

on a side-note: your posts would be ever so much easier to read if you would use the normal font. the big font is pretty hard to read for me.

EDIT: sorry - i got the threads mixed up. the detailed discussion on let's say pro/con for ILP vs. H&S is not in this thread but here:
http://forum.lowyat.net/index.php?act=ST&f=153&t=940897

This post has been edited by PJusa: Jan 31 2010, 11:17 AM

Top 5 Insurance company
1. Great Eastern
2. AIA
3. Prudential
4. ING
5. Allianz

Great Eastern - very lowest price, famous, good coverage.
AIA - very high price, but super high life time coverage.
ING - high price, good coverage.
Prudential, Allianz - don't have stand alone medical card.

the medical card price i will not write out here. you may go to survey by your self or you may pm me.

---

Added on January 31, 2010, 6:29 pmsorry to dissapointed you, AIA TPD is not fully paid when you are in TPD status. they will pay accordingly base on
1st year - 10% of sum assured
2nd year - 10%
3rd year -80%

mostly all other company is 100% full payment when we already in TPD status.

---

Added on January 31, 2010, 6:44 pmYes got no need renewal product so call ILP - Investment Link Protection Plan.

But it's a combined plan which include Protection of - Life & TPD + saving.

Medical card is a rider that add into this product.

There is another rider like - 36 illness, Hospital income (daily room board pocket money) etc.

All add in rider charge extra insurance fees, the more rider you add, the more charges you need to pay in the policy, no discount even you add alot.

The insurance fees will deduct all saving value of your ILP Plan.

& The fees will increase base on your age year by year automatically.

So it's possible even you continue with a very prompt payment but the policy finish all saving inside & you have tell by agent need to top up if not the policy will be lapse.

We all need to have some basic knowledge because planning is the most important part in our life.

The plan is actually plan by your self & not agent, please do not accept an agent who refuse to let you do the plan by your self.

Agent job should be an advisor only, like me


any futher enquiry, please do not hestitate to contact

This post has been edited by QQstore88: Jan 31 2010, 06:52 PM

I thought a person who work in banking field cannot register as an agent?

Who works in bank and what makes you to say that weikian?

QQstore or daniel. Post above mine. Based on the tread that i followed, he is an assistant manager for CIMB bank. However i'm not sure that he is an insurance agent. But can we register as part time agent when we working at bank?

I don't think you can have both going on simultaneously on your own account. Perhaps he's using another account for sales. As far as I know that as a CFP etc designate however you can deal with multiple products from 3 or so companies.

???

wasnt i talking about medical card in my first post? i was talking abt medical card the whole time until Mrnumbertwo asked if i'm supporting ILP. it was clear there was still much confusion even after i explained how medical cards and life ins are two diff things. (ie: your current comment)

you continued with your "ILP sucks" slogan although i ald explained how it's completely different product from GI--point by point. canot compare GI with ILP coz ILP is life cover.

i also DID say ppl got diff needs and not everyone suit the same product. WHAT U PAY IS WHAT U GET. medical card is for paying hospital/medical bills. life ins is to cover *your life*, it's ald expected that it would cost more. do you think medical card will pay you a lump sum when you get TPD/CI or touch wood, die? of coz not. that's where the costs are incurred.

why are you continuing to beat around the bush when i ald pointed out to you why the two shouldn't be compared that way?? don't blame my font for your lack of understanding, man. (i thought bigger fonts usually are easier to read not smaller fonts? strange)

well, if you want to continue condemning ILP, that's your choice. i'm not forcing anyone to buy it. i'm just telling you the difference between those products. it's your choice not to get ILP for yourself, but please don't continue to further confuse other ppl who are seeking clarifications here.

i just want to clear misunderstandings as it seems so many ppl keep thinking getting medical card= life insurance. or that medical card/PA is ald more than enough.

getting only a medical card is not a good solution for anyone because premiums for medical cards get burnt every year.
besides that, a complete protection means getting Life, TPD, CI, PA, H+S (medical bills) ALL BASES COVERED.

this in turn means that ILP will be good for ppl who needs life insurance but canot afford to get traditional life policy that pays more bonuses and have bigger cash value. with ILP, you can put in all the riders cheaply compared to traditional policy. like i said, you get what you pay for. u pay more for traditional life policy, of coz you will get more cash value inside when you cash out. it's logical.

*** so, yes, your comparison is like comparing buying a Myvi (medical card only) vs a Mercedes (ILP+all riders) vs Ferrari (traditional life policy) ***

you may want a Myvi only to take you from point A to B and is fuel efficient so you can use your money for other things. go ahead.
but some ppl wld prefer to be more comfortable. get more things covered. it's also up to them. their needs are entirely diff from yours.
you canot tell them they are just wasting their money coz a car is only a car. they prefer to have a better airbag/braking/etc system than Myvi ley?? Merc gives a smoother ride than Myvi, bla bla bla... You dont know what kind of situation they are in as much as they don't know about urs.

if they can afford it, why can't they get it? it's their choice.

your bias and prejudice stemmed deeply from costs and what YOU PERCEIVED as cost inefficiency. let's just lay it all out there for ppl to know and decide. not mar everything with what you think is not a cost efficient choice. every choice has their pros and cons.

what is costly to you doesn't mean it's costly to everyone else. how much your life is worth is also all up to you to tag. (yes your life is priceless, but this is another long discussion... not now lar) however, can we all afford the premiums on the values we put our lives to be worth? this is how ILP comes in lar.

sidetrack a bit... for me personally, from the illustration with the cars, i feel that getting only a medical card is like actually getting the Myvi without wheels.

it's totally absurd to get only a medical card coz you never know when you will get sick and how much your sickness may or may not cost you. no one is a fortuneteller and can see into the future. hence, this is why ins agents advise you to get all your bases covered (Life, TPD, CI, PA, H+S (medical bills)) before you even think about doing investments.

so, cost is not sthg you would dedicate a section on how much a completely diff product outperforms another product although it's cheaper.

now, about your lock-in period argument...i'm quite confused about your stand. why are you advising ppl to get medical card, sthg that premiums will be considered burnt when you dont stay in hospital/getting treatment vs advising ppl against getting sthg for their family since everyone will die in the end??

lock-in period shldn't be a concern at all bcoz the idea behind insurance is to get protection, not as a pure investment vehicle. stop treating it as such. your money is used to create a safety net for ur future medical needs/ease family burdens when you pass on.
plus, you can alw cash out ur policy's cash value any time. but why do so when your intention supposed to be getting protection, not earnings?

protection should be placed as much importance as food and shelter. coz without protection, your food and shelter will be jeopardized as well. imagine your savings all depleted for paying ur medical bills, hospital stay coz u got the cheapest thing--medical card only.

##pls note that not all expenses can be paid off with the medical card or that 60k, 120k or whatever lifetime limit is a lot. plus, there's a annual cap on how much you can claim depending on what medicard you bought.
life insurance pay out the moment you claim for CI/TPD/PA/life lost IN CASH. you/your family can choose to pay extra med bills your medicard didnt cover/whatever with the cash instead of being told what you can or not claim using a medical card.

isnt this better? would this be a relief to you and your family?

you shouldn't see your money as being thrown away frivolously into insurance bcoz you see nthg in return now. insurance is to cover your life's future unfortunate events. this is a long-term relationship. treat it with respect.
dont expect to reap instant rewards when all you put into your basket is rm150-200/mth (which are what most ILP policies are. cheap affordable life coverage)

if nothing happens now, good lah!! who wants sthg bad to happen to themselves so they can claim money one?

pls remember that everyone will get old, sick and die eventually. no one is immortal.

in order for the company to pay you when you get old, sick/die, you need to get into an agreement to put aside sums of money into a future medical fund for yourself NOW. not only when you r ald sick baru korek from everywhere.

your life is protected from day 1. if you really really wanna make a great deal of money out of insurance, make sure get into accident and die instantly. then your "investment" will be guaranteed however much you're insured lor. easy.

when that happens, company can go to your family and say "eeyer.. why so unfair one!?!! your husband only paid us 1mth premium of rm250, now we have to give you back $100k+ $25k PA because he died from accident yesterday." meh??

stop thinking of insurance as a burden. the company is carrying your burden for you ald once you got into agreement with them mar.
you're giving yourself the peace of mind.

if you feel that you're underinsured, can always top up what.

so, no. i dont see how being "locked-in" into this situation my whole life is bad for me. i can die any time. i won't know how. so, i would definitely not risk my chances at getting only term insurance that expires when i'm ald old and have higher risks of needing medical care.

i would gladly put aside money so that my family are well-taken care of if sthg happens to me.

QQstore88,

allianz GI does have a standalone medical card. actually two if i am not mistaken.

xeroxeropi,

i'd still appreciate a normal font. ILP and GI H&S can very well be compared. i am not saying it "sucks". i am saying it's not the better product. it will cost you more and provide you further disadvantages. the question at hand is about medical cards. be it by means of rider or otherwise. the general consensus is that a standalone plan will almost always be the better choice for the consumer.
there is no need to add further insurance products in the mix since we are looking at medical insurances. and i do understand the differences as well as the structure of those products pretty well if i may dare to say so.

your claim is rather unsubstantiated and has remained so. if i am in the market for a H&S plan, why would you try to sell me a product i dont need. and quite frankly whole life plans offer only bits of everything and at the end of the day the protection level i bought is not sufficient because i have so many products that i didnt really need. a lousy life insurance with low cover is pretty worthless if my medical bill exceeds the lifetime limit. that is not a better product.

i really dont see any point in your argument about the sickness ("it's totally absurd to get only a medical card coz you never know when you will get sick and how much your sickness may or may not cost you. no one is a fortuneteller and can see into the future. hence, this is why ins agents advise you to get all your bases covered (Life, TPD, CI, PA, H+S (medical bills)) before you even think about doing investments.") i'd say the opposite is true.

"now, about your lock-in period argument...i'm quite confused about your stand. why are you advising ppl to get medical card, sthg that premiums will be considered burnt when you dont stay in hospital/getting treatment vs advising ppl against getting sthg for their family since everyone will die in the end??"

apparently you dont know what a lock-in is. its not a lock-in-period as for a loan but works as this: an ILP policy has uniform charges and as such forces high payments from the beginning, making you pay for the future. this money is locked away and can only be released if you want to switch. if you want to switch during a downturn, you will suffer significant losses. also the money invested might not be as well invested as otherwise. the commitment of money creates a lock-in with this particular product.

the concept of burining money is simply wrong. an insurance is the commitment to pay the average damage over the group to ensure that in case something happens the cost will be (largely) absorbed.

if you (general you - not you personally) want to make money with an insurance, you (s.o.) are looking at the wrong product. there is no money to be made of an insurance. that is what investments are for.

i think you have misunderstood my statements severly when you assume i consider insurance a burden. that is not the case

with reference to your statement of not enough cover: of course 60k is nothing. i would assume a good medical cover starts with 200-400k annual limit. that will certainly beat a combi whole life cover with say 100k/100k/100k (H&S, TPD, Death).

you might want to read the thread i mention to find out why its smart to seperate insurances and why ILP will often not be a choice that is as good as it seems.

just because i say GI H&S is a better choice thatn an ILP H&S doesnt mean that this is the only insurance one should get either. i would also look into a good PA (preferably with a cover of 500k or 1M), CI seems like a waste of money if you have a good H&S and then you can always buy a simple straight forward death for all reasons policy if you so wish.

this allows you to easily adjust the coverages, seek the cheapest or best offers, switch covers or even cancel them as needed.

the point with regards to the price of medical insurance has been made: so called fixed premium policies must be more expensive than the same cover from GI with annual adjustments because the future is uncertain and insurances work for money. a GI can adjust the premium in real time with a lower margin to be profitable while the other structure requires a healthy safety-margin due to risk-management. it's that simple.

the other reason as to what makes whole life products costly has already been said: its the bundling of all kinds of riders. this migth make sense if you really want them. most of the time that is not the case. what you actually want might be a good medical cover. you can use all the money and get an ever so much better cover by buying what you want and just that.

This post has been edited by PJusa: Jan 31 2010, 09:53 PM

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..

---

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

---

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

Some hospital require you to pay a deposit upfront and will return back to you once discharge. This is their policy and insurance company can not interfere with this term and condition.

but some hospital consider as admission fees , so not refundable lorr..
but then, even u hv a medical card but did't bring enough cash .... u still can't get the treatment.
what a poor attitude of private hospital #$#&**

admission fees is only like rm50 right? it's different from upfront deposit. if you have medical card, then you can go ahead without deposit provided your insurance company has released the guarantee letter to the hospital.

the admission fees or deposit is compulsory in most hospital . . . . . . it range from RM250-RM400 from my experince

It is actually deposit...

Its a refundable deposit. Majority of hospitals requires this even if u have a medical card. The trick is when admitted to hospital, do NOT ask for extra towels, tootbrush, bed or food because they will deduct this from the deposit as this is NOT covered by medical card.

i thought admission fee we pay after discharge rite...

but some didn't consider as deposit ... its a fee, so no refundable.
its happen to my neighbor when she had admitted to private hospital in s.alam ...

I think thats the co-insurance meaning its a cost sharing between the policy holder and the insurance company. Which brand is she holding?

its not co-insurance ...
policy holder should pay nothing as informed earlier (fr. TI)
but that hospital just set their own rules.

if deposit, then ok ... bcoz its refundable
but fees for rm300 .. its ridiculous

Usually the deposit is paid first so that during discharged, hospital will deduct and return the remaining if those services provide is not claimable from insurance company..

i wan to surrender my ILP policy but my policy is missing then how?

a. The Statutory Declaration form to be signed by you in the presence of a Commissioner for Oaths and duly stamped at the stamp office for a face value of RM10/-.

MUST go to find Commissioner for Oaths ?

This post has been edited by MNet: Feb 4 2011, 11:10 PM

yes...

How much need to pay fee to Commissioner ?

last year i bought medi-pac medical card for my son from pacific insurance and this year i though i wanna renew the plan, but to my shock, the premium is revised up >100% to >RM700 p.a., which is not really worth it now.

so any medical card of value on the market now? I'm currently looking at tokio marine premier medic partner and axa Smartcare Optimum. benefits and premium are quite comparable. any idea which is better, esp for those who had these medical cards before?

axa is not guranteeed renewal

How about ING medical? Good?

depend on ur needs.

but their plan hv cash and cashless

ALLIANZ?

allianz COI is cheaper compare to Pru / GE

u get higher coverage with the same insurance price.

i suggest u get quotation from different company then compare the cost.

If i remember correctly it is quite cheap. I think less than RM20.

Creating Awareness & Warnings you should Not Ignore when buying a Medical insurance plan in Malaysia!

Do you know that nearly 90% of Malaysians are clueless on the types of policies they have bought over the years. They have been paying for the policies with assumption that it will pay them in full no matter what their claims are without understanding the underlying limitations! And most of them not even know what are they paying for. Common reason of Malaysian buying policies is mainly because the agent is their friends, family etc. and some even bought the policy based on the branding and marketing "claims" that it's the No.1 insurance company in Malaysia. Please be noted that branding of the insurance company won't help you at all! What matters the most is in your policy documents! Most people won't even bother to read the term and condition clearly but just blindly listen to the agent! Different medical plans in Malaysia have different limitation! There's no such thing as all medical insurance are the same!!

If you already have policies, please get them reviewed and I promise you will get the shock of your life!!! Make a choice to understand the limitations of your policies before its too late! Don't just sit and get quotation thru email for comparison in premium cost and investment return but sit down with financial advisor who can help you and assist you in choosing the best medical plan based on your needs, budget and how to avoid costly mistakes. The most crucial aspect of claiming is what documented in your policy document, you need to understand the fine prints, black and white! You need to know how to avoid and save yourself from burning ship before its too late! Because health changes overnight!!!

An experienced agent would have done many hospitalisation claims for his/her clients over the years. Through the experience, one can tell what it gonna work for you & what can be the biggest financial cost of your life!!

If you have a choice to choose:

1. Which one is the smarter choice?

A) Company A pays 90% of your Medical Bills-10% Co Insurance paid by policy holder

B) Company B pays 100% of your Medical Bills fully

2) are you aware of the difference between Inpatient Hospitalization & Outpatient Treatment in your policy? Why is it separated in your Medical Schedule of Benefits?

3) What are the limitations in your policy Vs the Actual Cost of Medical treatment currently?

Actuaries are highly trained individuals with such intelligence to determine the risk factor before getting a plan approved by Bank Negara.
Do not just take what is verbally spoken about by agents, but look at the fine prints black&white, and the Cost of Insurance chart in the policy documents- understand the pros and cons to help you make an decision wisely!!


**Please take note- this is mainly to create awareness for policy holders in Malaysia to be wise in making plan and decision before its too late!!

Do contact me if u need in depth understanding and helping you in making decision before purchasing a medical policy. No obligation at all!

You'll be amazed!



Thank you!

Jas J
Senior Insurance Consultant
12 years of Professional Experience in Insurance Industry
012-2231841

I agree with this very much. Medical card is not ATM card nor credit card. Nobody can use medical card to pay off their housing loans and car loans when they lose the ability to work hence no more income to pay off those loans.

Imagine a person suffers kidney failure. Yes, his medical card will pay for his kidney washing expenses in hospital, but because he lost the ability to work due to his kidney failure hence he has no income to pay for his outstanding car loans. If he has 36 CI protection, he can get the lump sum compensation thereby paying off all outstanding loans without giving troubles to his wife and his children.

Hence for thorough and comprehensive health/medical insurance, 36CI + medical card is recommended. And these plans are not expensive.

Medical card is very important, no many M'sia understand..
Good sharing..

+1

Exactly. All ILP premium will first go to the cost of the basic plan and rider(s), then the remaining money will be used to invest in whatever funds that you have chosen. The result of the investment then becomes Cash Value or Surrender Value.

ManuLife good or not???

In terms of product? Pricing? to answer this maybe you can get a Manulife quote then we can help you to analyse.

In terms of product i reckon they are mostly the same. But pricing i.e. insurance charges could differ. If the insurance charges is high then you are not getting much cash value.

Any Manulife agents here who can help BlackPen?

my gf ask me to buy manulife because she bought manulife...I have no idea...i seeking some idea

Laughing Gor's GF buy manulife? then i believe she has the Manulife agent contact.

ya lor..before contact him/her..better know the product 1st or else keep ask me buy

May you choice the best.

It does matter which company,
there is no BEST insurance policies,

only the Best Service!
Insurance is not about companies, is about the people who will serve you.
Buy according to you needs and not because how good the plan is!

Best Company provide Best Return.

Would you agreed?



One of the sample of "best" service.

http://forum.lowyat.net/topic/2547791

This post has been edited by great.eastern: Feb 5 2013, 11:20 PM