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 Insurance, How many policy do you have?

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newbie99
post Apr 16 2010, 11:58 AM

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QUOTE(chew_ronnie @ Mar 6 2009, 04:35 PM)
Some of the answers are quite obvious as you wont be sticking to that particular company for the rest of ur life right. So get your medical healthcare insurance when you are at you "tip top" condition and do plan for future as a few nights admission to hospital for dengue fever can cost up to 10K today. What is the cost in 5 to 10yrs time? Take a calculator and punch in the figures!

Btw, i'm attached to Allianz Life Malaysia and you can email me at chew_ronnie@hotmail.com

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Most big companies do have medical insurance for their staff. By the way, not all dengue cases have to be admitted. You can just go to a clinic for daily platelet count tests, if the platelet count drops below a certain level, then get admiitted. By doing that, the whole illness may cost less than RM150. By the way, GH is pretty good at treating dengue, and platelet transfusion if needed, is free.

This post has been edited by newbie99: Apr 16 2010, 11:59 AM
newbie99
post Apr 16 2010, 03:30 PM

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QUOTE(HHalphaomega @ Apr 16 2010, 12:56 PM)
The amount covered is usually limited to a certain quantum and till you retire from the company. What happens post retirement? Apart from that, what happens in case of retrenchment, etc. You should always aim to get your medical insurance when you're healthy as you may not be able to get it later on if you've contracted serious deceases.

Dengue is definitely curable provided it's detected early enough but usually this isn't the case. GH as you said is good place to get treatment but some people would just like to have an alternative to this.
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When u retire from the company, u should have enough money for your own illness. Insurance is for those people who dont have enough to cover their liabilities, eg illness. If you get retrenched, and u happen to be sick, just go to GH.

Dengue is usually a mild illness. Only a very small percentage have dengue haemorrhagic fever, which is life threatening.

Added on April 16, 2010, 3:35 pm
QUOTE(Pennywise @ Oct 17 2008, 03:25 PM)
Hi All,

Just doing a simple survey on insurance. Hope you dont mind sharing.

1. Are you insured?
2. How many insurance policy do you currently have?
3. What kind of insurance policy are those?
4. Which insurance company is preferred?
5. How much you pay for your premium monthly / yearly?

Not a very popular question for No. 6 so I took it out. Just curious.
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Added on April 16, 2010, 3:37 pm
QUOTE(Pennywise @ Oct 17 2008, 03:25 PM)
Hi All,

Just doing a simple survey on insurance. Hope you dont mind sharing.

1. Are you insured?
2. How many insurance policy do you currently have?
3. What kind of insurance policy are those?
4. Which insurance company is preferred?
5. How much you pay for your premium monthly / yearly?

Not a very popular question for No. 6 so I took it out. Just curious.
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Hi, To answer your survey,

1. Yes
2. One (excluding MRTAs, all the car, house, shop insurance)
3. One PA= 3M
4. None.
5. Personal 3k for PA

This post has been edited by newbie99: Apr 16 2010, 03:48 PM
newbie99
post Apr 17 2010, 05:01 PM

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QUOTE(chew_ronnie @ Apr 17 2010, 04:01 AM)
Clap Clap Clap for u rclxms.gif

Retirement fund for healthcare? This is the 1st time i hear this by drenching one's life savings to the doctors. No hard feelings ok? Getting an insurance policy is just using one's 3 to 10% of their income / investment returns, and say by using a RM1.8k / yr to get an insurance can easily covers the medical bills to up to RM1M/ lifetime. How long one need to save to reach a million. Don't u think this is a good ROI? But the best thing is dont get sick / accident which is out of our control.
Again no offence
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What is wrong with using retirement fund for healthcare? Your retirement fund is to keep your alive and healthy until u pass on. Isnt healthcare one of the basic needs when you retire?

If you have to drench your life saving to the doctors when you retire, you are either severely sick person or you dont have much to retire to start with.

By the way, if you save RM400 a month, when you retire, which I assume your working life is 35 years and you earn 8% a year average, you would have one million when you retire.

I agree accident is out of our control. Chronic illness can be predicted and usually runs in the family. That's why the insurance policy always check the medical background of your parents and siblings.

Haha! ROI? Return on investment? Where is the return? Buying medical insurance is an investment? This is the 1st time I heard buying medical insurance is an investment and you hope for a return on your investment. More likely as a protection.

No offence intended!

This post has been edited by newbie99: Apr 17 2010, 05:22 PM
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