Because that is the allowable limit. You see, the company understands that sometimes, there is no RM200 room, but there is some RM220 rooms, or RM240 rooms.

Consider it as an allowable limit for the medical card holders. i-M300 can go to RM340 rooms without being charged the increased co-insurance too.

However, the differences of the room has to be paid per night stay, for example you are holding i-M200 room but chooses to stay in RM240 room for 5 nights. You need to pay RM40 x 5 nights = RM200. And your co-insurance remains the same at 10% or max RM500.

If you go over RM249, say, RM280 while holding i-M200 card, your co-insurance will be increased to 20% max RM3000 which is not very nice yeah?

1. Pros for stand alone is that it is cheap.

Cons for stand alone:

a) Lower protection than co-responding medical-ILP as far as I can see
b) The stand alone cards may not be renewable

2. Now, the medical card is generally renewable depending on policy and company

3. Shown below is THE CHEAPEST quotation I could make for your mom, based on her next-age-birthday of 60, non-smoking, healthy without any preexisting condition, minimum basic protection (RM12k for death and TPD just to satisfy the requirement).

Premium: RM3478 p.a
Basic protection (death/TPD): RM12000
Medical card: i-M100 (minimum card to cover the premium cost, but enough to cover the overbearing medical expenses)

4. Your mother probably dont have too much commitment and/or dependents now, but you would probably need to pay for her medical bill as a good child. I commend you for asking for this type of policy.

1. co-insurance and co-takaful has been part of a number of medical cards (not all) for many years, while recently many medical cards have  removed the co-insurance/takaful requirement, it is important from the company's point of view to keep up with this policy to prevent abuse and to maintain a high annual and overall lifetime limits of the card.

2. With this policy, the company can make sure that the users of the card genuinely need the medical attention, as the company has already paid at least 90% of the bill, is 10% or maximum of RM500 too much for the card users to pay?

It is part of the policy holder's interests too when the company tries to prevent the all-too-happy-users of the card because everyone draws from the same pool of money. Consider the co-insurance as a commitment that the cardholder has to pay because he/she really needs the medical help and not for a good nights stay at the hospital (nowadays hospitals feel like hotel). I am not saying that policy holders without the co-insurance/takaful are abusing their cards, though, only that with a co-insurance/takaful, abuses can be minimized.

3. it all boils down to if you are okay with paying the co-insurance while having this high protection amount:



4. The co-insurance/takaful isn't complex at all. It's 10% of the medical bill, but capped at RM500.

5. The company has the right, just like how many companies (not just insurance) has the right to retroactively make changes in the policy accordingly. But understand that the maximum cap has been at RM500 for years and it has never been increased.

6. I believe GE is the top insurance company for a good reason, and the co-insurance/takaful does not seem to be detrimental to new customers signing with us. Perhaps because there is more to a medical card than just the co-insurance/takaful such as:

a) Annual limit of the card (I think GE is quite high)
b) Overall limit of the card  (I think GE is quite high)
c) Services by agents (as I am trying to do now)
d) A good list of panel hospitals (we are expanding the already long list)
e) Number of days in the ICU (180 days, which is quite high)

GE has launched a new medical card without the co-insurance too actually.  You can ask the agent to change.

How much you can get back? You should check the amount that you have in your savings to find out your surrender value.

lots to know but somehow my agent is my aunt so yeah she clarify everything to me...so far so good

Hi carboost
1st of all im Simon From Great Eastern.
i will try my best to answer your Question here,if anything wrong u can correct me.
In Malaysia insurance or financial industry,all the plan or package that introduce to the public will be verify by Bank Negara Malaysia(BNM).
- for insurance industry,all the medical card in Malaysia insurance company is almost the similar same because it have to be approve by BNM.
like housing loan or credit card too,is almost the same.

1) for Portfolio withdrawal condition,it almost apply to every insurance company in Malaysia,u can check other insurance company too(Only prudential have the clause for Guarantee Renewal)
-Portfolio withdrawal condition - FOR THIS it mean if COMPANY would like to withdraw the plan it will withdraw from the market and not selling to the public anymore.

2)why have this clause ?because example previously great eastern have many different plan of medical card Example ILHP(IL health protector which limit is around 60k/year lifetime 200k) it already withdrawn from the company as this plan not longer selling(for who already buy it u can still renew it every year as long no lapse/no termination/no finish the annual or life time limit)
i can show u prove if u need for this.so no worry about this.

if any enquiry u can ask free feel to PM me.
call/sms/whatapp me also 0173072095-Simon

Have you actually read what Simon said? He said that the company will only withdraw the product from being sold, not pull the rug under your feet and leave you with no insurance. He even said that he can prove it.

At this point I really dont know what your motive anymore. GE is the one of the biggest insurance company for a reason.

If I were in your shoe, I would call Simon and ask him because he told anyone who need proof that GE will not cancel, to call him. Instead of making too much noise and disrupting a fine and fair discussion we are all having in this thread.

Your answer is right infront of you, but you don't seem to want to bite. That is all.

edit: I was questioning your motive because Simon above wrote the long explanation about the clause you are making the noise about, you didn't seem to read his explanation yet you quoted him and continued with your banter.

But wait. On that note, which insurance company does not have this term? If I heard correctly, Allianz have remove the clause from their own T&C?