From experience, most ppl insured through the famous company i.e. GE, AIA, ING, PRU, HLA, Allianz, Manulife, etc

Reason being : our friends/relatives are these companies' agent.
After we save the agent's number, normally we will just put the policy aside.

Years later, some agent come after us and say it's better to do a review. FOC, why not?
And the common feedback, the plan or medical card outdated/ not really good, better do something on it..

So, what you gonna do? Sometime can be tough decision as you know medical protection is really important.
Esp your existing agent no longer in this line, or the new agent seems very trustworthy or very pro, whatsoever

Sounds familiar huh?

Well, the main intention of this post is to guide you on how to analyse the medical card, by yourself.
Hope it helps, more or less... :-)

The comparison shall include (Priority from Top)
1) Limit for Outpatient Cancer Treatment / Kidney Dialysis
2) Annual Limit
3) Life Time Limit
4) Term of Coverage
5) Co Insurance
6) Surcharge if exceed room and board
7) Cost of Insurance


In next post i will explain the reason for above sequence.

The scope of coverage is actually very wide, so i just focus on what's really carry weight
Perhaps you may suggest some if you think that is also important for medical protection.

————————————————————————————————————————————————————————————————————

I don't want to go too deep for this part, just surface information which should be enough for us to analyse the H&S plan by ourselves.

1) Limit for Outpatient Cancer Treatment / Kidney Dialysis
You have to fork out the money from your pocket for above treatment once it reaches the claim limit.
Needless to say, those H&S plan which set limit for above treatment are not recommended.

2) Annual Limit **
The insurer has tried their very best to enhance the product in this competitive market. Guess what, there are some H&S plan in this market comes with no annual limit, subject to T&C. With this enhancement, all other medical cards w/o this feature are basically obsolete

3) Life Time Limit
At least 500k/ 1mil (pretty subjective) , to ensure the medical expenses is adequate, esp for long term disease.

4) Term of Coverage
At least 80 years old. Certain plan cover up to 70 years old only, so who's gonna pay for the medical bill if a claim made after 70 years old ?

5) Co Insurance
Some insurer impose 10% co insurance with minimum charge & maximum capping (normally inpatient), whichever is lower OR without maximum capping (normally outpatient),

6) Surcharge if exceed room and board
Some insurer impose 20% co-payment with maximum capping, whichever is lower

7) Cost of Insurance
The cost of the medical card, that can be vary much esp age catching up although the coverage is about the same. Considerate medical protection is one of the essential role for retirement planning, thus it's important to make sure the cost is not too high.


In next post we shall narrow the topic to the medical plan of each insurer

---------------------------------------------------------------------------------------------------------------------------------------------------------------

This post has been edited by this_is_it: Apr 1 2013, 12:03 AM

Have been too busy lately, my apologize of not unable to update the insurers' medical plan detail at the meantime.
Perhaps this round i just give the detail of Allianz latest medical plan (rider)

It seems like Allianz and Pru is the only insurer which offer medical card with no annual limit (subject to T&C). Comparatively, PruHealth still impose co-insurance and the cost can be very high esp for long term disease. In view of that, Allianz sounds better.

Such revision has finally solved the fundamental problem of medical plan where the insured sometime need to fork out bunch of cash if the total claim within the policy year exceed the limit. Besides, no co-insurance imposed and no capping for outpatient cancer treatment/ kidney dialysis, cost of insurance is highly tolerable too, renewal up to 90 years old. Perhaps the only imperfect is they imposed co-payment for exceed room and board (20% or max RM1000)

AIA's medical plan is totally not recommended as the outpatient cancer treatment and outpatient kidney dialysis is capped at certain amount.
In other words, the life assured need to fork out his own money for above treatment once it reached the limit.
Old plan is even worst.

Technically speaking, Unlimited lifetime limit sounds more advantage.
However, there are many more consideration factors which are definitely more important.

To make the long story short, may i suggest to go though the earlier post which discuss about Allianz's latest medical card.

Hope it helps :-)

A little sharing pertaining to portfolio withdrawal option for Hospital & Surgical plan, esp for P company.

In old days, some agents tend to emphasis this clause and in worst scenario, they may asked the client to withdraw/surrender the medical plan and switch to their company. Indeed, some ppl felt more secured w/o such clause and they actually did so.

No right or wrong.

Nevertheless, refer to the latest policy of P company, it says

1.1 This Annesure and the insurance cover that we describe here shall terminate automatically when :
a) xxx
b) xxx
c) xxx
d) xxx

1.2 "If we terminate this Annexure, it shall not affect any claim that XXX "


FYI, item 1.2 was not seen in old policies of P company.

So, how's it really elaborate?

Well, You probably need to find that out yourself, heheeeeee

By the way, Allianz has withdrawn the "portfolio withdrawal option" for its latest medical plan.

A very very important to highlight here again, this thread mainly discuss on medical card comparison.

After analyse these insurers - Allianz. Manulife, GE, Pru, Uni Asia, HLA,
i come out with a conclusion that Allianz's hospital & surgical plan is highly recommended after consider all benefits based on my priority.

Indeed, you may determine yours after you compare/consider every little single aspects too.

Nevertheless, every insurer has its own killing products. For instance :

1) life coverage - the definition is basically the same among insurers, so which insurer offer the best? A little tip here, look into the cost of insurance, you will be really surprised that the cost can be vary so much !

2) Critical Illnesses - i) conventional: cover 36-39 events ii) early: cover 67 to 100+ events
Very very big topic, we better discuss in other thread.

3) PA - a lof of things to discuss too

4) Female Disease & Mother's care

5) etc etc


Hope it clarifies :-)

This post has been edited by this_is_it: Jun 26 2013, 01:25 PM

AIA has limit for outpatient cancer treatment & outpatient kidney dialysis treatment.
ING has 2 types of medical card (as far as i concern)

I would rather suggest the new ING H&S plan with 10 times lifetime limit, but comes with co-insurance if I'm not mistaken.
The old main remain 3 times lifetime limit, but no co-insurance.

Nevertheless, both are not the best, or even second best.


This post has been edited by this_is_it: Jun 26 2013, 01:35 PM

Since i touched about outpatient cancer treatment & outpatient kidney dialysis traetment

A little inconvenient truth to share.

You MUST review you hospital surgical plan if you insured via
1) A company ( a lot of recruitment advertisement lately..)
2) M company
3) G company (for policy issued before 2010, i supposed, forgot when they revised the plan d)
3) Any companies if the last update was done more than 7 years ago

Don't think you can add the new rider into such old plan.
Anyway, you can easily get confirmation from the insurer by email them, as well as ask them to appoint you a new agent

I think there are many agents here are happy to share you their company's medical plan,
perhaps you can do some comparison first before decide which to take.

Also, you may need to consult them if it's better to take standalone medical plan or (life + medical rider)

Well, have had heard too many similar complaints.

If it's a endowment plan, it should stated somewhere the years of premium payable, eg 15 or 20 years.

Thus, i have reason to believe it's a whole life plan, instead of endowment plan
To confirm it, pls look into the maturity date and the years of premium payable.
Besides, you should b able to see the word - participation.


In regards of the 11 years, it calls critical years, in the situation where the dividend/bonus is sufficient to cover the premium after certain years, and therefore you can stop paying. However, most of the times it doesn't work out, probably that's the reason the word "critical years" is no longer in used.

Thus, what you need to do now is to check last year statement on the dividend/declared.
The amount should be at least 60-70% of the premium, isnt? ( if you have been cont paying throughout the years)


This post has been edited by this_is_it: Jun 28 2013, 05:27 PM

And not to forget ask your friend to bring along the statutory declaration form to sumpah (commission of oath).
She can get the form by email partner@allianz.com.my or request it from Allianz's agent.

After that, pass the form + IC to Allianz's service centre / agent.

This post has been edited by this_is_it: Jul 4 2013, 12:44 PM

Yeah, PruFlexiMed is definitely one of the best medical plan in the market.

Prudential - the most innovative insurer~

This post has been edited by this_is_it: Jul 4 2013, 06:42 PM

Definitely worth it ! The cost of insurance is deem low.
It's rare but undeniable that there are incidents where the annual claim could reach RM300k-400k within couple of months for 3rd or 4th stage cancer treatment.

I totally agree with ExpZero that 10% increment is good in hedge against medical inflation, but may not the best solution for sky high claim within the policy year, isnt? :-)

I suppose each insurer has they killing products ... ?

GE has been very hot in supreme livin care
PRU investment linked
ING medical plan, used to
HLA, saving/income plan, recently ( a very very misleading term)

etc etc