Hackwire,

I have the answers for you. Pls see below as per my companies claim manager. Hope this helps.

1. Sleep apnea – not covered

2. Severe sinus – can be covered

3. Severe osterporosis – can be covered

4. Severe slip disc – can be covered (after specific illness waiting period of 120 days)

Thanks



This post has been edited by chew_ronnie: Jun 16 2010, 11:58 AM

I'm just comparing GE's GreatMedicare 2 standalone and GE's SmartMedic (From what i see in their brochures)
GreatMedicare 2 has lower lifetime limit as compared to SmartMedic, much of the terms are similiar. Standalone is virtually cheaper because a life insurance policy is not needed where else ILP cards are more expensive but the good thing about ILP cards are - Life insurance + some cash values (though you may not earn or may top up in the future, but this MAY ensure that the policy will still be inforced if the cash values are enough to cover. Standalone ceased when u don't make payment). So it's a mixture of benefits and non benefits. Do pls be aware on their co-insurance term. Ask the agent or u can post it here if you dun understand co-insurance.

For Allianz's EB Shield Standalone and Allianz's ILP Medicover, as I've said, the ILP Medicover has outpatient cancer and kidney treatment as charged! The standalone has very limited of 10k/annum. Good thing having an Allianz card is the panel hospitals are relatively bigger than others.

I've attached both Allianz cards here. The standalone and the ILP card. Do have a look and you'll what i'm talking about.

Hope this helps.


Attached File(s)
 MediCover__AZ0110.pdf ( 1.01mb ) Number of downloads: 83
 EB_MediShield_Plus_Brochure_0903.pdf ( 457.74k ) Number of downloads: 67

Allianz also has Prince Court in their panel hospitals now

Yes this is true. Pru also has Prince Court as panel.

Yes i agree with you. As i have said in an earlier post, there is no such thing as a perfect insurance policy. Every policy has its loopholes and hidden terms. What suits 1 person may not suit the needs of another.

When i say 'hidden' i mean that these are not revealed by the agent during the initial discussions. Just like what ure doing now. Ure saying ING is good because of all these positive factors but none is mentioned about the 'terms n conditions'. Of course im aware that everything is mentioned in the final policy but normally by that stage it is already too late to turn back e.g the client is already convinced that he/she should go ahead with this particular insurance after spending time in various rounds of discussions and in some cases a medical checkup.

If insurance companies want to be totally open, these so called 'exclusions' can be provided in a brief listing which can be shown to prospective customers during the inital discussions. But this does not happen simply because you do not want to scare potential clients off. Simply marketing strategy. Same goes for any other products not just insurance.

In my 6 month effort to find the 'best' insurance policy i made it a point to speak to at least 2-3 agents for EACH insurance provider simply because different agents provide you with different info and different perspectives. Plus its always good to double check every piece of information you get.

(p/s: On a lighter note, i test drove my car 7 times in 4 states over a 6 week period, carefully selecting the showrooms, just to test the car under different driving conditions before i finally bought it. . Did roughly the same thing with my 1st property purchase too. That should give you an idea of how meticulous i am when it comes to investing in something)

Cheers!

It's not that I don't want to reveal the terms and conditions, but simply because I don't think it's a good idea to list it down here.
First, I don't think people will prefer to read a long story about the terms and conditions, which is somewhat hard to be understood.
Even if you ask an agent from insurance company A to explain the terms and conditions of insurance company B's product, he may misinterpret it as well, not to say a normal consumer who has no insurance knowledge. Reading and understanding is different thing, man.
I, as a professional insurance agent, will explain the terms and conditions only in a face to face discussion.
If the consumer discovers that there's some terms and conditions that he can't agree, he can cancel the policy without assigning any reason, within 15 days from the date he receives the policy book.




I suppose that this is the same goes for you as well. For example, when you go for a job interview, I bet what you have included inside your resume is your qualifications, working experiences and blah blah blah, all the good things about you.
Would you write down a full page of your weaknesses and not to mention any good thing about you, and hoping the company will consider to hire you just because of your frankness?
Be reality man! All these are what we called "Human Nature". You criticize on other people without realize that you're actually doing the same thing as well.

This post has been edited by gavin_lim: Jun 16 2010, 08:56 PM

Customers now a days are smart and learned and they are quick to pass all the blame to the agent when thing turns sour or ugly. THat's why the Regulator has come out with a mandatory free look period, the aim is to minimise the finger pointing. Policyholder also has his or her responsibility and cannot blame it all on agent. At the least the agent explains the contract and there is free look. Look at S&P agreement for house purchase for example, don't think anyone care to explain and there is no free look

As for your statement on speaking to 2-3 agents, I agree fully with you as you can always learn something from each of them. What I want to add is from the same agent, ask him to give 2 to 5 different proposals for the same budget (for example, if you lower the Life Insurance portion, then your room allowance may go higher or more of you money goes into buying funds etc). Seriously, to those of you looking for a suitable policy, ask the agent to email you different/various options based on your budget in pdf format, if they can't go look for another agent.

As for testing the same car 7 times, you still ended up with the same car model The only time I go to different showroom/dealer is to check on delivery time and discount they can offer.

This post has been edited by Gen-X: Jun 16 2010, 09:34 PM

Gavin,

I think you are not understanding the issue at hand. Why are u being defensive? Common man. Grow up. U aint a kid. All i said was read the terms n conditions before implying that all fine with a particular insurance. Its more of an advise to other consumers here based on my own experience. If i was an insurance agent, my response would be yes there are terms n conditions but you are most welcome to discuss these terms with me before we go further in our discussions. Rather than go to the extent of trying to make me look bad (which only worked the other way).

You dont have to give a long story as what u claim. It can be a simple 2 page dot point summary of the exclusions for critical illnesses. No big deal right?

And, did i mention anywhere about asking 1 agent to comment on another company's bad points? So dont assume.

I am refering to face to face discussions. Even with these discussions, no agent will ever list down the exclusions unless you specifically ask for them.

Of course im aware of the 15 day free look. Didnt u read wht i said? I said at that stage very few consumers will turn down the proposal because they have already gone thru the hassle of the discussions, medical check up, etc. They would prefer to just go ahead and get it.

Exclusions are not bad points. So please dont compare with an interview. Most insurance companies have the same exclusions with some plus n minusses. So dont turn it around and make silly comparisons.

U obviously do not have the maturity to deal with difficult consumer queries unlike some other agents here in this forum e.g Chew Ronnie. You just whine and cry when someone points out the no so good side of ING. If u dont appreciate negative comments then dont advertise your proposals here. Agents like you are the ones who give insurance companies a bad name. Accept constructive critisisms. Im not talking rubbish. Grow up while u still have the time.

Cheers!

The idea of going to different showrooms is to test the car under different road conditions e.g rough road, uphill, downhill, with full load, rainy conditions, etc. The advantage is i have not regretted my purchase in any way since i knew exactly what i was getting. After 7 years my car is in perfect condition with zero problems.

Of course i know of many others who didnt go thru 7 test drives and yet got good cars as well but this is my style and it has worked perfectly well with me. Thru this type of scrutiny, I have a relatively good car, i got among the best home loan packages last year, my 1st property value has appreciated 43% in 1 year, i have a great job and i have quality investments in other sectors.

U cant analyse everything and ull never get anything perfect in life but i am a believer in minimising risks. Same with insurances.

Cheers!

Bro,

U obviously do not have the maturity to deal with difficult consumer queries unlike some other agents here in this forum e.g Chew Ronnie.

Thanks dude. I saw my name here.

But just put it this way, every agent be it insurance or other sales, they have their own way. They may/may not understand what the consumer wants.

As I've told some of the forummers here, I am NOT the insurance company, I'm just an intermediary to them and put it to the last word - I'm an insurance consumer too!

So cybermaster98, you have a good point here. Cheers

I know it's no big deal. But the problem is, without agent's explaination, how many consumers can fully understand?
What's the point for a consumer to read a list of critical illnesses without even know what they are?
One example, if I'm asking what is a Karsinoma-in-Situ, how many consumers can know what it is?
I just don't want to cause any misunderstanding so I think that the T&C is better to be told in a face to face discussion.

What I'm saying is asking them to explain, not to comment on the bad points. Professional agents don't simply comment on the bad point of other company.
You see, even you can misinterpret what I wanted to say. How about the others? Without a face to face explaination, simple things can turn into difficulties.


You never met an agent to list down the exclusions is that you're looking for the wrong agent. No all agent is like that so please take back your word "no agent will ever list down the exclusions". This is unfair to us.

So far I don't see you showing any valid point to proof why ING is not as good as the other.
If it's proven to be true I will accept it.

U still dont get wht im trying to say eh? Why dont u go and read all my posts instead of shooting blanks? Read and understand yourself. I aint some dumbo to not know how to word my sentences.

it's good to have your thoughts forward , kidzac and im not ridiculing the insurance company without any objective, it is to make them more special and doing more good than bad. That's the challenge our insurance company in malaysia have to do and you as an agent got to face the REAL FACTS. You all knew many cases like that happen and even with the cooling period, many insurer still did not read the policy that they could not understand. You have to know that you are lucky because you are born with good

1) Appearance
2) Education
3) family
4) Spiritual

All these 4 things make people like me want to go and buy from you without having to take a Insurance Seminar on Policy Term and Condition. Your task in life is about challenge . If none of you think life is not about getting ridicule in the next few years of your life than don't start the business. Cari makan is one thing and i knew many of you still have not watch "Sicko". Even after countless of writting "Sicko" , none of you still bother to watch this documentary. Kidzac, i bet you still have not watch it and its a shame to me if you still have not watch it because u have seen me personally right. If you had watch, than u also seen the part of Insurance Agent that quit their job because in principle they knew they are working for something that is wrong. no hard feeling kid zac.

Even if i know how to read , that's totally another different matter. The trick was there. Insurance company knew that people do not not want to get sick or heart attack or cancer am i... Im sure the computer will show them in 10 years we only insured 50 policy holders out of 1 million policy holders in our account. So our payout for these 50 policy claims in 10 years are not much vs the non claim. We still have 1 million policy holders account that keep us going.

anyway, its a game of gamble too . Casino will not be operation if their stakes are too high.

I have checked many specialist and most of them said Sleep Apnoe Obstructive Sleep Apnoe) will eventually weaken the heart of the snorer and is the first sign to tell you that the next one may be the Stroke . so why can't i get the claim for early prevention?

My latest status with my Lonpac Insurance is that they rejected my claim because there's a clause in the policy. I blame that on myself for this not knowing about this term and disease in the first place. What fused me is that they knew very well that this Sleep Apnoea is very common and many people will get it . So the risk of them paying out is there.

Today, Im a happy man when my own Govt Welfare is subsidizing the cost of this treatment . I never knew this could happen because i myself believe so much in the Private health care system and the private insurance. For once, i reach out to the Public healthcare when people in the private industry actually guided me out from the private health care system for treatment.

If the insurance company want to help, hope they really mean it on the Preliminary Help or the Prevention part , not only when young people like me start to take good care of my health. Of course who on earth want to get old sickness after they work so hard in the early days just to pay to the hospital fees in the end.

i already done my part for the public by writting in here , the rest i hope you guys will also help me to share my stories with your company or mentor of what you guys can do better for the policy holders . I know we will have to pay more for all these but i know it will not happen soon. Insurance should find other alternative to increase their revenue . Better Policy, the happy you are as an agent and also the customers..don't forget that as an agent , you too want a better coverage .

We all sharing the same . just that we need to get above the ocean surface once in a while to see the sun.

---

Added on June 20, 2010, 10:35 amThanks Ronnie. i use the word "Severe" because early symptom detection also not claimable if outpatient. Severe means inpatient.



This post has been edited by hackwire: Jun 20 2010, 10:35 AM

Either opt for stand alone or attached to ILP, in addition to guaranteed renewal; you might also want to consider to take Payor benefit, so that in case you are diagnosed with Critical Illnessor suffer TPD, you will get your premium waive. When you are sick and maybe are no longer working, you do not need to worry to pay your monthly premium so that you can still afford to pay for medical bill.

any good standalone medical insurance? 27 years old, budget 500 a year, what i'm looking for :

1)A stand alone policy
2)Guaranteed renewability
3)Cashless
4)Advanced age coverage

thanks!

This post has been edited by LightEnchanter: Jun 22 2010, 12:32 AM

U may look at Great Eastern Great Medicare 2 or ING's standalone card.

GE's limit is high and up to age 80 if i'm not mistaken. Only drawback is the co-insurance.

ING's limit not so high. Plus point is no co-insurance.

You may have a look at Hong Leong Assurance too.

This is from what i;'ve surveyed in the market.

ING's standalone medical card has no co-insurance but it's subject to a self deductible of RM50 for each hospitalization/day surgery.
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Besides from standalone medical card, ING have 2 kinds of medical card rider for its investment-linked product.
One have no co-insurance but lower life time limit (3 times of annual limit)
The other one have a high life time limit (10 times annual limit) but subject to a co-insurance of 10% (not exceeding RM1000 per disability).

thanks, but how about allianz and prudential , do they have standalone product? Allianz one is EB Shield Standalone i suppose?

This post has been edited by LightEnchanter: Jun 22 2010, 09:44 PM

Allianz EB Shield good points is the high limit and no co-insurance. Bad points on the outpatient cancer treatment and kidney dialysis.

So you have a look and decide yourself. Check my post up there to get the brochure.