the medical cards that i mentioned in the article can be attached to a policy as a rider. my personal believe is that we should pay focus on medical card coverage in an insurance policy since they will incur most of the premium charged and it is the most likely product in the policy that you will use more often.

Hi experts,

I am working in Singapore and staying most of time in Singapore. If I could purchase H & S insurances in either countries, I was just thinking which country will be better.

Just to emphasize when I say staying most of time in SG, my parents are in MY and still will come back every week or so (that is why got the thoughts of buying MY or SG insurance)

I could have just settle for SG H & S but their H & S (so called medishield) will be void the moment you can stop your PR from age 55 (for the sake of taking out your full CPF). Which means I will be without H & S insurance if I do that.

Was thinking of getting of medishield first, then maybe later close to 45 start getting malaysia medical card and then hold both until 55 where I terminate the medishield. Reason of getting medishield is because the insurance can mostly be paid using the CPF (which money is stuck till you stop PR from age 55) and this will create free money in my hand to invest to get higher returns (just assume I am good investor in this case )

What do bros and sis here think of this plan? Feel free to give opinions as I am not expert and will require some correction if wrong.

Also would need some advise from agents.

a) If I were to medical from MY, can it be used if I do surgery and stay in SG hospital?
b) If I were holding both medical card from MY and medical insurance from SG, can I claim both? Will ti create any problem or even void either insurance?

1) Medical cost in SG higher. If an operation cost RM3K here, it will cost SGD3K in Singapore. So if you were to purchase a MY Medical Plan, yes, they will reimburse you, but based on MY cost here.
2) You will get one Original Receipt copy for your medical bill, who you want to give it to? You can only claim from one insurer.
3) From my personal experience I can tell you SG doctors better. Here asking you to go for an operation is like the norm. Click here to read about my experience with SG doctor for my eyes. One of our Minister also go to the same doctor in SG for advice.

This post has been edited by Gen-X: Jun 20 2011, 10:35 PM

Hi Gen-X,

Hmm...how is it that many people even at this forum keep saying about having 2 medical cards or more to cover coverage? Can we claim from many medical cards in Malaysia?

ya lah, forgot about that, my bad. If the first policy not enough to cover then the second policy can come into effect I think.

After thinking about your case, yah buy both i.e. in Malaysia and SG. The Malaysia premium when converted to SGD is nothing much I suppose. So when you retire and come back here you still got a medical policy.

This post has been edited by Gen-X: Jun 21 2011, 09:13 PM

Ok

Anyone got information or bought this Hong Leong Cancer Protection Plan? Their website said "A non-participating health protection insurance product designed to provide continuous cover for ALL Stages of Cancer".

Need to find out what is the coverage and any limitation of percentage can be claim at different stage.

I'll go to their branch to ask when I have free time, but in the mean while, hope to get more info.

Hong Leong Cancer Protection Plan

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Added on July 4, 2011, 2:19 pmAnyone?

This post has been edited by almeizer: Jul 4 2011, 02:19 PM

what is different between GE Smart Medic and Great Medicare 2? interested to know more before buy it.

Have you heard of Prudential's latest PRUhealth medical plan?

It caters for many needs out there. just to name a few.

(1) Options of medical cover till age 70, 80 or 100. your choice.

(2) If currently your company covers your medical needs, you can choose our "Deductible Options with PruMedic Retirement". Meaning, you pay a lower premium till age 55, to secure a medical card, you can use it now, if your company's plan is insufficient to cover your hospital bills, but this card will only act as second medical card, where somebody has to bear the first $10,000 of the hospital bill. For example, hospital bill $30,000, and company's plan only pay maximum $20,000, so, as the first 10,000 already bear by your company plan, and PRU will pay the balance $10,000 fully. When you retire, this medical plan will automatically change the Deductible option to Co-Insurance, where you will pay 10% of the bill (H&S) for minimum $300, and maximum $1000.

(3) If you want to have a greater annual limit, go for our "Annual limit waiver" that we have omitted the annual limit and let you enjoy the high lifetime limit of up 1.5million.

Hope this info helps. Keep your options open

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Added on July 23, 2011, 1:19 amBased on my experience, this is a crisis cover plan that pays you lump sum at different stages. But what is important to you?
You may want to get a medical plan with huge lifetime limit to cater for high cancer treatment, if one of the critical illnesses happens.

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Added on July 23, 2011, 1:43 amYou may consider Prudential medical plan, which you pay a lesser premium while you're covered in SG till age 55.

It's PRUhealth medical plan with deductilble MYR10,000 with Prumedic Retirement and PRUmedic Auto Upgrade.

Before age 55 next birthday,
You will have to pay the first RM10,000 of the total cost of an eligible benefit (excluding daily room & board) for any one disability during the 90-day period, Prudential will bear the subsequent amount of claim up to annual limit.

From age 55 next birthday onwards,
PRUmedic Retirement benefit will kick in, you will have to pay 10% of the total cost of an eligible benefit subject to minimum co-insurance amount of RM300 and maximum co-insurance of RM1,000 for Hospital & surgical benefit and maximum co-insurance amount of RM2,000 for outpatient treatment benefit.

And, you don't have to worry of the high medical cost, because your medical plan will upgrade automatically every 5 years, for example:

Year 1- Year 5, your overall annual limit is 75,000p.a. and lifetime limit is 750,000
Year 6- Year 10, your annual limit wll auto upgrade from 75k to 100k, and lifetime limit from 750k to 1million
Year 11 onwards, your annual limit will auto upgrade from 100k to 150k p.a., and lifetime limit from 1mil to 1.5mil.

Please feel free to drop me a message should you need quotaion and brochure.

This post has been edited by michwaka: Jul 23 2011, 01:43 AM

Im kinda new to insurance thingy.
Anyway, I have submitted for prudential yesterday to my friend's agent. Its consider all in one inclusive cash value for saving term.

Basically, Im paying rm180 per month and as I remember, the 36 critical illness is rm40k, lifetime is 600k+, annual is 50k , and saving cash value allocation is rm52 per month

Just wonder is it a good plan & feel free to comment

THanks

post the cost of insurance here then u can see the cash value after 20 yr

anyone heard of IPCC plan from ING coverage up to 85 age? seem can have saving & protection at the same time what is ur advice?
but premium will be more higher
let say coverage is 40k annual premium is rm1.5k

This post has been edited by soulmad: Sep 3 2011, 02:16 PM

Well i guess you should be having a Prulink One plan which your agent package the coverage
into life, 36 Illnesses, Medical card & also some portion for investment
Btw whats the RM600k+ for lifetime??? A little curious on that . . .

Well i haven't got my policy yet, probably by next week i suppose

from my understanding, the 600k is medical coverage such as hospitalization, specialist treatment, surgery etc

is it a good plan? is the coverage for my medical reasonable ?

So the RM180 premiums gets you 36 CI coverage + medical card only? Any idea as to how much is the daily R & B for the medical plan?

Care to elaborate more about R & B?

It have cash value as saving plan, hospitalization, room

R&B is room and board. Its is how much u can claim for ur hospital room/night.

Feel free to contact me for review of your policy.

U have the right to cancel ur policy 15 days from receiving the hard copy.

Most probably You have a life policy ( maybe whole life which gives guaranteed & projected profits or more probably investment-link life insurance which allows you to invest and get higher returns)

The medical benefit is a rider which is attached to your policy and paid by your investment account

Note that your medical plan itself does not give you any earnings, it is from your life account

What medical benefits you should enjoy from your policy will be listed on your policy, depending on the Plan type you/your agent have chosen for you

To get a better idea, click here

http://zurichmalaysia.wordpress.com/medical-card/

Some people choose to have a separate stand-alone medical card, some choose to package it with a life policy

Both have pros and cons, but I personally think, packaging it like what you have done, is generally a better idea

Thanks a lot !

They requested me to do a basic checkup prior approve my policy.
But they already deducted the money lol.

Will provide more info once I got the policy

Just curious if there is such processing fee during sign up insurance?

For my case, I apply via my friend agent and submit via auto debit from cc. Few days later, prudential deducted my rm180 on 6/9/11

Later on they need my medical checkup n some report.
It's been delay till now n pending for approval.

My problem is I'm curious why they deduct my money since my policy not approve yet?

Let say my policy approve on next 1/10, prudential will deduct rm180 frm me again.
Then what about the rm180 they deducted on 6/9 ?
So meaning the rm180 from 6/9 to 1/10 is processing fee?
This is what been told by my agent, not sure how true

Can anyone advise?thanks a lot