I am thinking on what would happen when I go into a hospital. Sure, co-insurance only 10%, but be honest, who amongst us have the ability to spend RM1000 when you are discharged from the hospital? Wouldn't it be better not paying anything at all when you are discharged? The HB riders are not going to help you there, because the cheque arrives about 1 month AFTER you are discharged.

There is no bright side about the NCB. Have you compared the charged of PMM5 vs PruHealth? Have you looked at how much the premiums are? Premiums go up bro, but three upgrades in a year? One astute customer when I was presenting the charges commented, "So I pay you extra 10 ringgit a month to get this NCB? It means I pay you extra RM120 a year and you are only giving me back RM100? You untung RM20 lar."

Hi:
I'm Gavin Lim from ING. Instead of charging a co-insurance base on certain percentage (let say 10% for some insurance companies), ING medical card is charging a self-insured deductible of RM50 per hospital admission/day surgery. Therefore, no more worry about the high co-insurance expenses.
For more details, please reply to cheahyang_0@hotmail.com for inquiry. Thanks and hope to hear from you soon!

Hi Chew_Ronnie:
I admit that RM450k lifetime limit may not seems to be high for some people. What can I say is every medical card has its advantages and disadvantages.
If you're afraid that your lifetime limit is not enough, you can have more than one medical card actually. Let say one day your ING medical card had run out of limit, you can use your other medical card. At least you had been saved some expenses for the first RM450K of your medical fees.
If you think that you might use more than RM500k for your medical fee, what is the disadvantage for having one more medical card?
The premium rate for ING medical card is not increased yet. Yes, ING will increase the premium rate, but other insurance companies will increase theirs as well. What's wrong with that?
Hi mfitri77,
I don't really understand what do you mean. Would you mind to elaborate?

i agree with mfitri77 about '''is all about doctor, not the hospital''...

on a side note.. as a consumer, my verdict about ING card (if the features are still the same as per mid-last year)

Good:
- Cancer and Dialysis AS charged  - similar to allianze
- no co-insurance except the RM50 per admission

Bad
- Liftetime limit is quite low  (but hey, have anyone thought about this..if the illness has to use up 450K lifetime or 150K p.a, isn't that serious and i think one probably already one foot stepping into the coffi..."  ..
- Total period for Hospital Room and Board and Intensive Care Unit up to a maximum of sixty (60) days per disability)  -  Again, i think this is similar to Allianze ?  someone to confirm...
- The highest room category is RM260 -- lowest ever found in the whole industry..  And I couldn't figure out whether co-insurance will kick-in if one has to stay in a room with a higher fees!  If they do not impose any, then this good.
- There is this 'Alteration' clause which is quite scarely :

Alterations
The Company reserves the right to amend the terms and provisions of this Policy by giving 30 days¡¯ prior notice in writing by ordinary post to the Policy Owner¡¯s last known address in the Company¡¯s records, and such amendment will be applicable from the next renewal of this Policy. No alteration or endorsement to this Policy shall be valid unless authorised by the Company and such approval is endorsed thereon.
So any ING agent cares to share your experience?

I'm not against non-cashless.  Even I have a medical card , i couldn't use it when my DD admitted becoz i didnt bring it along and the hospital isn't a panel.  I have now passed all the claims responsibility to my agent, and let's see how long it takes to refund me back..     One has to be aware that ING Non-cashless card has about 30% premium discount over the cashless card.. which to me is a good since I don't have problem bearing the fees upfront usually.

Not sure about Allianz, but Pru R&B 120 days, however ICU only 30 days.

Again, be very carefull if you kena something major.

For ING did some checking, please confirm that ICU Charges capped at RM300?

Hi again.

I'm paying monthly of RM150 to Manulife Wizard Investment-Linked plan.
Been doing for already 6 years.
I want to ask if touchwood I got illness like cancer and the fees will cost me like make it around 100,000. How much can my insurance plan cover me? Full or just half or even worse quarter of the amount? zzz

Details of this year is:

Life Premiums = RM 1,194.03
Life with Critical Illness Cover = 0.00
Accident Riders = 0.00
Medical Hospitalization Cover = 254.50
Medical Critical Illness Cover = 51.47
etc all 0.00

then total is 1,500.00 i think got 2 month skipped my credit card couldn't go thru that's why 1,500.00 but i tot they will re-charge my card @@

my current insurance agent is not likely gonna service me as she seem to be the very busiest agent in history zzz. can i call manulife and change agent instead?

thanks. i see the surrender value by this year is around 2,500. means if i want to cancel this insurance, i only get rm2,500 back only?

For health insurance, are you required to submit a recent medical report nowadays? Last time I remember buying my insurance(about 7 years ago) I was never asked for any medical report. Due to my old policy being quite weak I've been thinking about switching to ING. I've been talking to this ING agent and he told me nowadays a medical report is required by most insurance company when you want to buy health insurance. My last medical checkup was done like 5 years ago and everything was fine, and I've never claimed my old insurance before, so I don't know why this guy is being such a hardass about this, or is this standard procedure now?

I've made a dumb mistake by cancelling my old insurance before picking up a new one, now I'm really regretting it. Cause if medical report is required and it picks up something, I'll get hit by exclusions and my premium is going to go through the roof? Although chances of that happening is low and I think i'm perfectly healthy, what do you guys think is the best way to go about this?

Hi:
Thanks for your reply. The waiting period you mean here is for the exclusions/limitations of coverage isn't it?
The waiting period I mentioned in my last post is refer to the period where the medical card holder has to pay first and claim later, even if it's cashless card. Sorry if I didn't make myself clear.

---

Added on April 3, 2010, 4:15 pm
Any Allianz agent here to confirm this is true? If it's true that Allianz medical card can be used immediately, then good news lah. My agency manager told me all medical cards have this waiting period because they have to wait the panel hospitals to update their system. I don't know if it's true so I'm asking here lor. Thanks for telling me.

Go back to your customer case. You mean her ING Medical Card pay first clause works for 6 months? Does ING giving her any reason? Standard customers are all 3 months, black and white written in the policy book. Did she asked her servicing agent from ING, why she have to wait for so long? ING will not extend the pay first clause without giving her a valid reason. Should refer back the policy book to see what's the reason.

I feel sorry for you coz you kena tiau kaw-kaw. Not your problem isn't it? She should refer back to the servicing agent from ING and tiau him kaw-kaw.

Thanks everyone for sharing ya!

guys if on average i want to buy an insurance that can cover a critical illness let say like 100k-200k what monthly payment would that be average? and the plan is it same like investment linked you will get back what you paid when time mature?

thanks

this is called co-insurance
not all company has this practice. different company having different policies

how come some insurance and mostly the famous one like AIA, Prudentian, Great Estern companies is it that follow the policy of 10 percent payment?

how about those insurance agency that ask the client to pay first , claim later policy?

than there's also policy that does not allow client to claim more than 3 times a year. Is this a myth of true?

I had checked manulife hospital plan and it allows clients to go in/out anytime they want as long as their lifetime limit is not finish.

So what is the best insurance policy in the market at this moment.
IS it Allianz?

first of all,

my requirement is cheap, high coverage and also protects family.
i figure that most important in the hospitalization coverage is also the Day Care /nursing fees.
some insurance also provide allowance for patient.

hi ron, there has to be good and bad coverage. some insurance lifetime coverage is not that much when compares a RM 150 room plan. Their life time limit is different too.

when u say co-insurance, what do u mean by that?

hi guys,

I'm looking for med card for my mum. She's 60 this year. Her current insurance cover (great eastern life) does not provide med card for age 60 and above (Did not apply for med card before), thinking of getting her med card from other company.

Please pm if there's any, interested to know and might subscribe for my mum.

Thank you everyone

What policy will be the best for this customer requirement :

1) Budget : RM 100 per month
2) he wants a renewal policy up to 100 years
3) he want a fix premium fees without fluctuating cost when he get age.
4) No Co - insurance or maybe like AIA which have a minimum before Co.
5) Covers Dialysis and other treatments after discharge. no limit is better.
6) no annual limit
7) got hospital allowance
8) guardian fees and children nursing fees provided.
9) doctor visiting fees absorbed by insurance without limit.
10)no need to pay RM 50 for medical report by client
11)evac from overseas.
seems like impossible policy...

after browsing this low yat forum, whoever have not buy any insurance yet , i can say that chew-ronnie is the most outspoken person in the insurance details and info regarless of which company he represents. I have to give him my salute for being a kind, patient and tremendous effort to reply even a blood coughin question i setup in this forum.

I would love to see more agents and most importantly sincerity to deal with human beings who know nuts about the insurance trick or treat. there's a lot of policy option that could make any layman to go bankrupt or lapse their policy if they buy wrongly from the insurance agent.

I had came across this 4 terms which can interwine and causing many people to put their money in the wrong basket and they have to pay for it due to their lack of information and understanding about the money.

1) Saving
2) Investment
3) Hospitalization and surgery
4) Life Protection, Accidental  and Critical Illness

Than don't forget that the plot gets thicker when you buy Family Plan vs Individual vs Child ....

So , now if you are clear of what you intent to purchase and also your ability to pay for it, than you will get a very clear cut policy without having to lose it out if something happen.
If any policy binded with a child, i also figure out the cost of buying it individual may be cheaper than associate with your child since he/she is eligible for lower premium due to their age after that. If binding with your age, the premium seems to be higher too. Correct me if im wrong.

Than come to the part where you want to choose for the company or agents.
After reading so much about the opinion here, i think more agents should speak out sincerely and seek information without having to be narrow minded of your competitor. if your product is not the best in the market, reveal it out and identify , rectify it.

I discover these companies seems to be favourable by some of you but let me rank it base on the times i saw people commented in this forum

1) Allianz
2) Ing
3)Pru
4)AIA

Quite unbelivable insurance policy is the one produced by AXA AFFIN with no lifetime limit but AIA also have that now with their optional premium to over ride the lifetime limit.

Im not very sure where or how strong Allianz position itself as one of the insurance company as books did gave away their cons when policies provided by bank may have a very different way in handling insurance claim and agents are not as professionals compare to the others like pru and aia. they are bankers and administration on claims handling is a question mark too.

alliance and Ing seems to be the perfect choice for those who want a policy that protects the buyer and fulfill their promises on hospital claims and surgery but their let down is in the low limit for cancer and dialysis treatement. further more , renewal claim is some more up to their discretion (true or false). Annual limit is quite low too. But they seems to be pretty covered on everything. I wish to see more details on their plan if anyone has a copy of the the information and their strength as compare to other.

will continue again .

thank u brother nick, so far i know only AIA have the extra MedicPlus which have to buy separately to increase the limits of dialysis and cancer treatment. Also waive the annual limit like you said.. Co-insurance begins after a certain amount from RM 22K above. So for normal treatment like Dengue, co-insurance never exist which is quite good .

medical report is probably report we ask from the hospital after discharge i guess. Is the report provided or have to pay to the hospital? This is suppose to be kept by us and human resource i guess.

What i like about Allianz is
1) no co insurance payment
2) dialysis and cancer treatement is as charged to the bill

What's their policy for renewal ? up to 80 years?
If we had claimed before for a few times  before , will Allianz allow the renewal?
Does the plan of the room rate is also the monthly premium payable or have to base on the schedule accordance with age?

most med cards require us to pay this RM50 to the doc who completes the form/report, the original copy goes to insurance co. for them to process your claim.  Some doc may charge higher as far as I know...
And again, the logic of 'give peanuts get monkeys' applies.. Allianz is good, but expensive(lowest) based on the sum coverage per RM1 you paid.  This is based on a comparison based on more than 10 med plans (all NON ILP related).

what is the best option for a baby and parents who are not covered with H&S . Parents already have life policy

1) buy H&S standalone + life policy with 33 critical illness. (not a linked policy) ( for baby only) Parents buy their own.

2) buy H&S linked with  life policy  + 33 critical illness (as riders)

3) buy a H&S Family plan (husband + wife + children included )  and  buy a separate life policy with 33 critical illness for baby only

4) buy a male or female + baby H&S policy and a life policy with 33 critical illness for baby.
I know some agents wants parent to take up family plan or even the investment linked for their commision purpose. I afraid to pay more for my child since usually child premium is not as high as adult.
Will buying a separate plan for them will save cost?
Whats the pro and cons?

Co-insurance and  co-payment are two different things.

Co-insurance means cost sharing between you and the insurance company. You need to pay a certain percentage of the medical bill (for example, 10%), and the rest will be paid by the insurance company.Not all benefits covered are subjected to co-insurance. Benefits subjected to co-insurance vary widely among insurance companies.

Common benefits subjected to co-insurance include:

      Hospital Supplies & Services
      Intensive Care Unit
      Day Care Benefit
      Surgical Fees
      Pre-hospitalization Treatment
      Post-hospitalization Treatment
      Home Nursing Care
      Outpatient Cancer Treatment, etc.

Co-payment is the mandatory cost sharing which is 20% of the total medical bills. You have to bear it if you are warded at a hospital room which is higher than your eligible benefit. For example, if the H&S insurance you purchase covered RM150 per day for a hospital room, but you choose to stay at a room which is costs RM200 per day.
And to answer you question : AXA Medical Card ( Medical Card ) don't have co-insurance

There is no difference between co-insurance and co-payment.  What is more important to know for consumers like us is : when that kicks-in, you have to start sharing the BILL! 

I was asking if you could name the plan of the AXA medical card.  Here i'm quote AXA SmartCare Optimum:

If the Insured Person is hospitalized at a published Room & Board
rate and Room Category which is higher and better than his/her
eligible benefit, the Insured Person shall bear 20% of the other
eligible benefits described in the Schedule of Benefits.
So, if you know any of AXA medical plan that does not incur Copayment or Co-insurance, do alert us here..

My opinion is , if a card has a co-insurance, irregardless whether by default or only upon upgrade of room cat, we have to say 'It has a co-insurance' clause, no way we should tell client that it has no co-insurance becoz there is no co-payment.. hopefully u got my point too .

Yes, we can always max out the room category and purchase the highest, this is the way to have a peace of mind as nowadays, getting into a 2 bed-room in goverment hospital is also a problem!

Your point is noted numbertwo. Your concerns are valid and I'd say it's an ethical issue. The way a product is marketed depends on its sales force and they should market it with integrity.

I feel Prudential is the most complicated plan around and their brochure can also lead someone to believe they are covered for some thing but its optional due to their labeling of the riders.

I myself discover that an agent sell me Pru Child . than when i read, Pru child is for somebody who are expecting newborn. In fact, my baby already seen the world.

Then upon reading more about the Pru health and Pru child , i realized that many hidden riders are optional....

Very misleading and didn't specify enough detail on sub rider. All the sub rider names just pop up of no where to inform the client in a main rider. Am i confusing you guys now?

PruHealth (Medical Card), PruMed, Hospital Benefit, PruPayor, PruPayor Double Parent, etc.

Double name and same meaning are use as well like the above . You just don't know what to get and you will never settle for it. Manipulation is the key to disguise their policy from others i guess. But hey... this is insurance policy and not to make people confuse or what.

I had personaly drafted out 4 insurance company for comparison and I was lucky that i did not commit so soon yet. I could end up paying RM 50-60K for something i don't need. I realize that most major insurance company profit from this due to greedy agent. A policy that only cost RM 30K plus could end up paying RM 80K plus.

So be careful guys, only true and honest agent will identify your budget and needs, and they will draft out the illustration base on your budget.
I knew some agents that do not want to do Hospital and Insurance policy because too much work and too little commision. They also declare the loss of time and money they have to evaluate a case in the hospital.
Only gives the money to committed agents who are passionate to their job.