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

Even you think that it is impossible policy. . Anyway this is my opinions

1 ) Budget is too low to cover all your needs from number 2-11

2 ) This can be done. maybe take up a whole life policy or ILP which can covers up to age 100

3 ) This is very difficult. Some of riders and life policy insurance charges will increase due to age

4 ) Many insurance have no co-insurance such as AXA,MAA and many more

5 ) if you take up medical card sure have limit. Therefore attach another critical illness rider with high coverage which can cover all this cost if you strike this illness

6 ) All medical card got annual limit. Only Prudential have this Annual Limit Waiver but still the have lifetime limit
which people should carefully look in to.

7 ) This can be attach and some medical card already provided it.

8 ) I have few client which doctor visit them more than 1 time a day but still the insurance company paid full
the total bill. This is because some hospital, billed the fees lump sum with room &board plus other charges
together. So its hard for the insurance company to tell. Normally they will just pay.

9 ) What medical report? When applying for insurance?

10) This benefits normally attached to a medical card.

Regards

This post has been edited by Brother Nick: Apr 18 2010, 02:48 PM

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

This post has been edited by Brother Nick: Apr 19 2010, 12:03 PM

It all come down to your budget. How much you willing to put aside and then try to find an insurance company which can match your needs. Prioritize is the key if in budget. If I'm the father I would normally rank this way

1 ) Medical Card ( Hospitalization bill is huge and will effect my income if my child admitted )
2 ) Education Fund ( For future )
3 ) 36 Critical Illness ( its hard for kids to strike one of the 36 illness )

Different people different needs. Anyway to answer your question, if you want complete coverage for your baby only .... then opt for the No.2 Option and dont forget to add payor benefit.

This post has been edited by Brother Nick: Apr 19 2010, 01:25 PM

chew_ronnie,

Yes. that's the one. As for the outpatient cancer and kidney dialysis treatment it is per lifetime. For us, we normally asked the client to add 36 critical illness rider if that is their concern. This medical card is a rider and can be bought with minimal RM5,000 term life policy which is not that expensive. For example female kids age 3 is only RM 40.40 for a RM100,000 and RM5,000 term



numbertwo,

I disagree, this is because the co-payment can be avoid if the customer stick to the room and board that he/she entitled. While co-insurance is something you can't avoid. It's the agent to make the client understand so that they dont need to pay the co-payment.

This post has been edited by Brother Nick: Apr 19 2010, 05:20 PM

I agreed with Storm88. My clients doesn't have to put any deposit or security deposit when admitted. So far nope.
Only there is one time in tawakal, they asked my client to pay RM70 before admitted and I straight away call the hospital regarding the matter and later they just warded my client without any upfront deposit or payment.




This post has been edited by Brother Nick: May 4 2010, 01:56 AM

Buying for that machine is not claimable. It is not cover under H&S policy. I haven't seen any H&S policy that can claim for buying a machine in Malaysia.

This post has been edited by Brother Nick: May 24 2010, 11:38 PM

Yes. It is the same. I'm from AXA.