Any Company also can la.

cenkudu,

should be no problem - also an ehtical agent will not try to make you stay with a policy just for comission's sake. simply let the agent know you decided against it and that's that.

beside medical card, what is important for our child? Is it really important to get CI, Life and PA? I was thinking to get minimal only

for me medical card and PA should be sufficient

u also can go for family medical card and as well as family PA , but its depend on your budget

This post has been edited by raph: Dec 16 2009, 05:29 PM

i dont deem life, CI and PA critical if your medical card is on the higher end level. if you can afford it a PA would be a good idea. speaking of PA... i am actually looking for a standalone PA for my kid - does anyone know of PA plans that are offered for kids aged 2? my wife and i run under MCIS supreme PA and they dont take minors under this plan. and it does make little sense to take another PA just for the sake of insuring my kid right?

thanks PJusa, AXA Singapore has better coverage than Malaysia

http://www.axa.com.sg/axa_ins_sg/health/do...e%20Optimum.pdf

outpatient cancer is per year

agreed - it does come at a price though. (i'd still take their elite plan if i could though but singapore plan is not available to me)

u can look at PA care juvenile (entry age 1 year) or Smart kid PA (entry age 1 month) from AIA or Juara PA from chartis insurance (formerly AIG)
but i not sure the entry age, will check later.

thanks raph - will take a look at those PAs.

Wah gone a few days and this tread have ran away , 1st of all how old is you son? Legally speaking a minor cannot go into a legal contract, no insurance company will accept an insured under 18 yo unless it is OTLO i.e. parent or guardien buying on the life of the minor

A cheaper alternative is to extend your existing medical coverage (I assume that you are covered) to a family plan. As for your ILP, u can easily convert the medical part of the premium into your unit trust or death benefit unless you totally don't want the policy which then you will need to cancel. For a 5 months old policy, I doubt you can get much back.

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Added on December 17, 2009, 10:15 amActually what you mentioned about compulsury medical insurance to cater for the whole population and underwritten by the government has been running in many developed countries. It is a BADDDDD idea and pratically suck $$$ out of the government and cause a quigmire for the politicians. E.g. the social security of canada & japan and the health care bill of USA.

Sooner or later they will revert back to voluntary (japan & US) and try to sell it back to the private insurance company, private co. will not touch it unless they increase premium and limit coverage but customers/ voters will feel cheated. Younger taxpayor will not want to contribute as they feel they are subsidising retirees blah blah blah....

M'sia government did try to experiment with Sihat M'sia and we all know how it turn out (3 upward revision of premium within 5 yrs & still lossing $$)

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Added on December 17, 2009, 10:25 amActually, if the popular consensus is to purchase an annual policy for GI then there is no need for a minor to be covered for PA, CI & medical. The probability of a serious medical condition is relatively low and the chances of getting one of the 36 DD is even lower. Most company already provide medical coverage for employee's family (although the limit is low) If you are a businessman then allow your employee benefit to be extended for family coverage (maybe only for mgmt level or directors only if you worry about the premium )

The reason to get coverage is if you buy a life insurance, might as well add in the riders to 'lock-in cheaper premium' but apparently it does not work.

If you already have some insurance, just extend it to family cover. FYI normally PA only cover 10% for minors.
IMO for minors, PA > Medical > Life coverage > CI

This post has been edited by rakyat: Dec 17 2009, 10:25 AM

edit

This post has been edited by cenkudu: Dec 17 2009, 08:47 PM

Not admitted but consulted a doctor? Then technically it is considered pre-x already if you incept a new policy. The condition will not be specifically excluded but in the event of a claim IF they find out then not admissable. Premium rating will not change but any condition due to asthma is not admissable.

Since it is only a GP consultation, in future if you use another GP as a referal for admission to hospital or direct hospitalization and forgotten about this matter.......

[quote=rakyat,Dec 17 2009, 10:04 AM]
Wah gone a few days and this tread have ran away , 1st of all how old is you son? Legally speaking a minor cannot go into a legal contract, no insurance company will accept an insured under 18 yo unless it is OTLO i.e. parent or guardien buying on the life of the minor

A cheaper alternative is to extend your existing medical coverage (I assume that you are covered) to a family plan. As for your ILP, u can easily convert the medical part of the premium into your unit trust or death benefit unless you totally don't want the policy which then you will need to cancel. For a 5 months old policy, I doubt you can get much back.

my son is 3+ now. the option of extending my medical plan to include my son could be more expensive than buying stand alone medical card for him. besides, it could be more troublesome administratively if he has to be admitted due to sharing of the same medical card with me (maybe just my perception).

would it be advisable to get the stand alone medical card for him (of coz under my name as a guardian) from general insurance company since they normally have more comprehensive coverage with a better pricing?

well the asthma issue actually shows the importance of getting H&S plans as early as possible and as comprehensive as possible. it's cheap and you can always downgrade. upgrading will be an issue though.

if you use a family plan, your kid gets its own card, limit and all. no worries.

and a quick answer to the general discussion before i am off for my annual holiday: the US system is not functional but that does not mean a gov. mandatory insurance doesnt work. looking to europe shows its not a problem - rates of course will have to be adjusted too but on average the public will get better healthcare. the big company can negotiate discount deals for meds, hospital etc.

Dear forumers,

I found out that my father does not have a medical insurance plan.
He is currently 59years, will be 60 in end of Jan 2010.
As far as i know, majority insurance companies will not accept my father application once he hits 60 on his coming birthday.

Therefore, I am very worried about the options we have due to the time constraint imposed.

His health conditions described as follows >>
1. he has high blood pressure. He goes for regular check up and take medicines to control on a regular basis.
2. he does not have any illness or high blood pressure related illness as of last check up (approx. 2 month ago).


I have tried to approach agents, however, the agents i have met, regrettably i had unsatisfactory service.
They do not seems to know what i want, and only trying to persuade me on getting a Investment-Linked Life Policy + Medical as rider for him, even at his age, factoring in the rising medical premiums as he age.
More so, some of them don't even know their product well :s
(i am sorry, i am not trying to offend anyone, this is just my experience i encountered n i would like to share)


*** My aim here is to get a H&S medical insurance ONLY for him. ***


(A) Could anyone suggest a reasonable/fair value/suitable H&S for my father, factoring in his age and health condition?

Due to the time constraint, i don't have sufficient time to make details investigation of the available H&S in the market.
I sincerely hope i could access your knowledge and wisdom here.
Thank you in advance for your information.

## I have a budget of monthly RM300-400 (including Loading if applicable) for age band between 60 to 65 at the moment, and I understand that the premiums will continue to rise according to the age band thereafter.

## my requirement are as follows >>
i. Must be Guaranteed Renewal
ii. Outpatient Kidney Dialysis, Cancer Treatment must be available, with reasonable level of coverage.

(B) Because of my past experience with agents, i am opting for walk-in where possible, may i know does anyone know which insurance companies accept walk-in for H&S, and offer discounted premiums if walk-in (discounted premium is optional, my main concern is the possibility of walk-in)

© If you have an insurance agent that you personally have used, and/or you sincerely think he/she is reliable and genuinely could offer assistance to me, i would be very grateful if you could PM me his/her contact.


I hope you guys could help me out in good faith, and i would like to thank you in advance for any assistance you could offer.

A quick question:
What's the difference between General Insurance's H&S and Life Insurance's H&S ?

I understand Life Insurance's H&S offer Guarantee Renewal, while General Insurance's H&S offer Conditional Renewal, but General Insurance's H&S will offer guarantee renewal after a specific period of no-claim, for example 1 year, or 2 year.

Last time i enquire about Tokio Marine's Medic Plus, the customer representative told me that the no-claim period COVERS also accidental event, that means, if involved in accident, make claims, then, the future H&S renewal will be subject to insurer discretion.

I am confused. Can anyone elabore further the pros & cons between getting a General Insurance's H&S and Life insurance's H&S.
Again, thank you deeply for any assistance offer.

There is a plan that your father can join, even at age 59. Protects up to age 80, just for medical card. I know you don't like agents, but if you do want just to discuss, can PM me anytime.

1)What's the difference between General Insurance's H&S and Life Insurance's H&S ?

General Insurance usually deals with houseowner insurance, fire insurance, car insurance or PA. Life insurance usually deals with H&S, death, tpd or critical illness. So, which one you think which will be specialized in doing H&S. No doubts that General Insurance company usually offers much cheaper H&S than life insurance company. But, when comes to claiming , you would want life insurance who knows better to do your job.

Its just my opinion. I personally thinks that there are few things you need to consider when buying H&S.

1) The H&S provide guaranteed renewal. (some company provide cheap H&S but no guaranteed renewal)

2) High annual limit and lifetime limit. (some of them thinks that why do we need to have coverage of this high? Well, if your coverage is low, what you want to do if you finish the lifetime coverage? Buy another one? no life insurance company will accept you by then.)

3) Room and board limit and co-insurance implied.

yes generally general h&s covers general needs,
life division can have worse and also better products, both money wise and value wise.

its best to have ONE long term one from life division and then top up with general ones during your prime years. claim from the general ones first, the life ones is kept for backup when general ones don't cover or have problems claiming ...

weikian,

1) makes little sense. many GI companies actually specialise in providing medical insurance (see for example axa globally) and most if not all (non local) ones have extensive portfolio experience. GI is always cheaper than Life for reasons outlined before. it has nothing to do with service or claims.

Sorry for any misunderstanding. The reason i said that is because i heard it from some of my customers regarding GI medical card. I wasnt mean all the GI company as i was also an agent from GI company. It was just my personal opinion.