thank you. what is principal btw?
RM250 also quite expansive wor. Like RM3000 per year =.=!

This post has been edited by shoduken: Apr 5 2010, 05:30 PM

I cancelled it on my own as the renewal deadline was last week.

I just talked to another agent and this one said medical report was not required, he said just have to declare any current conditions one is having.

Seems like there is no standard operating procedures in the insurance industry .

There is. Medical reports are not needed because you have to declare and be honest about your health condition. However, medical reports may be requested in cases where :-

1. Very High Premium
2. Very High Age
3. You declared a health problem (Blood pressure etc)

is it true that now prudential hospitalization or almost all companies are practicing this.
conusmer now have to pay 10 percent of the total sum claimed in the hospital bill?

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

Med card from Life Insurance Companies - Only Allianz, Hong Leong and ING dun practice this.

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?

I bet this has been told by the companies that practice co-insurance/takaful

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?
The 3 companies u mentioned above have a 10% co-insurance.


how about those insurance agency that ask the client to pay first , claim later policy?
This is a non-cashless medical plan

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

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.
True as applies to other insurance companies

So what is the best insurance policy in the market at this moment.
IS it Allianz?
No best or no worst. Depends on what u want. Allianz is cheap, high coverage and no co-insurance. Thats all i can say. PM me if u need assistance on ALlianz products.

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?

Please do not comment on products that you are not representing..

For example, AIA med plan within an ILP will only incur co-insurance of 10% ONLY AFTER one has exceed the 'Co-insurance Free Amount per year". It is not ALWAYS APPLICABLE.

Now referring to my earlier email, this is my AIA claim record, I submitted my claim on 26th Mar to my agent and I've collected the cheque today.. slightly more than 2 weeks which I think the turnaround time is not bad at all. Just for everyone's reference.

Is there any policy that provides treatment for dialysis care monthly ? Or if the patient have to admit into the hospital every two to three times , is there a coverage for treatment in hospital such as chiropractic or bone check . And does slip disc problem included ?

Yeah thats y i said that every insurance has its good n bad and that very much depends what they want?

Co-insurance is the amount if you to pay when admitted to hospital. Meaning policy holder will normally borne 10% of the hospital bills, but its up to maximum of certain amounts.

Hmm my friend told me some banks wont accept Life Insurance for mortgage n they only accepts MRTA/MLTA, is this true?

So if I wanna do Real Estate investment, using life insurance is not recommmended coz I might have to borrow money from the bank that wont accept the life insurance, correct?

For personal medical card, there is always something like co-insurance, sometime people called it co-payment, or what ever it is. So far I never see any insurance company that will pay everything without any condition. Co-insurance or co-payment, it is just a name that make marketing looks nice.

Why you need to pay all this? It is to avoid non-genuine claim made by the client. And it will be unfair to other people. I mean non-genuine is something like you get sick but it is not so serious that need you to be warded. Since you want things for free, you asked the doctor to hospitalise you so that you can ask the insurance company pay for the bill.

Different company have their own way to make this so called co-insurance, co-payment, etc. And they have their own reason to make such policy. As far as I am concerned, there is 4 ways:
1. Co-insurance of 10%, but usually with maximum limit of RM500, RM1000, RM3000 - e.g. Prudential, GE, (if not mistaken etiqa)
2. Co-insurance of 10% or 20% apply when you upgrade your R&B beyond your entitlement - e.g Allianz, (if not mistaken MCIS, MAA)
3. Co-insurance of 10% apply after you exceed the 'Co-insurance Free Amount per year", e.g. AIA
4. Fix co-insurance per admission, e.g. ING pay only RM50 regardless your hospital bill.

You can opt to have hospital allowance so that you can use the allowance to pay for this co-insurance. So you can still get something like the insurance company pay everything for you.

There is always pro and cons any way of the above mention co-insurance. You must always ask yourself, what is your need and what is your budget and think also for the future. The policy will be with you until your age 70, 80 or 100. Can it cover your today and future need? How about the possibility of upgrading the plan? Any impact? Is there an option to use beyond your annual limit? Does lifetime limit and annual limit enough for you? Prepare for the worst - check how much usually cancer or heart problem will cost you? How about the outpatient benefit for cancer, dialysis treatment?

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Added on April 16, 2010, 4:57 pmIt depend with the bank, but as far as I am concerned MRTA/MLTA is not mandatory. My first housing loan I took without MRTA. My refinance loan also put it as optional but I took MRTA. And as far I am concerned also, you need to get your loan approve first before applying for MRTA.

Mind to share which bank you talk about?

This post has been edited by ajau: Apr 16 2010, 04:57 PM

my friend in AIA told me that if i buy a Family Plan for H&S standalone policy and if i have leave this world, my wife and children will still have to continue to pay the premium. If my wife also leave this world, my children will have to buy their own policy already.

So , do you guys think that buying together will save the kids money or prefer that each kid get their own H&S standalone policy ?

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...

Like you said, this seems to be an impossible requirement to fulfill based on the budget set. You can't really have it all by paying a minimum. If you pay peanuts you get monkey coverage. I'm sure others would agree with me.

If she's exactly 60, then i can offer 1 from Allianz. But make sure ur mum is free from those wealth sickness such as Diabetes, High Blood, a little cholestrol is ok.

Do let me know if u need my assistance. I can forward u details

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Added on April 17, 2010, 3:43 amMission Impossible. If u get a card from Allianz, Pru, ING and AIA, then u can have all the above benefits except 1 and 3. 1 because overbudget if u get 4 cards. 3 because there is no way a med card with a constant cost.

Just my 2 cents

This post has been edited by chew_ronnie: Apr 17 2010, 03:43 AM