Jul 16 2009, 02:35 PM
QUOTE(numbertwo @ Jul 16 2009, 10:15 AM)
Hi PJusa,
ya i made a call to TK to enquire the same.. Like you said, renewal is not guarantee if you have claims on the current policy year, they will impose exclusion, or add loadings depending on the illness.. This is one drawback (for me at least..). But of course their +ve is the outpatient cancer is as charged..but not the dialysis. So, yeah..good n bad. Thank for sharing.
Hi all, ya i made a call to TK to enquire the same.. Like you said, renewal is not guarantee if you have claims on the current policy year, they will impose exclusion, or add loadings depending on the illness.. This is one drawback (for me at least..). But of course their +ve is the outpatient cancer is as charged..but not the dialysis. So, yeah..good n bad. Thank for sharing.
I m newbie here...but i find premium for TM medicPlus is extremely cheap compare to normal conventional insurance provider... does it sound fishy????
As for guarantee renewal issue, there is a guideline by MMA that all insurance provider shud quote "it is guarantee renewal provided the insurer continue to provide this plan in the market". Which mean any insurance provider (IP) are allowed to withdraw the plan provided they have informed their customer few months in advance. Normally IP will opt to withdraw the plan rather than absorbing the losses if the claim is too high or mismanage continuously.
A typical example : i have a real case happen to my friend's mum who bought a medical card frm SIHAT MALAYSIA was not allowed to renew after she made a claim due to minor stroke hospitalisation.
On the other hand, another case where my friend's mum was allowed to renew her medical card with Great Eastern without any discruption after she made a claim due to Parkinson.
I was told to opt for Life insurance provider instead of General life Insurnce provider due guarantee renewal issue...as normally reputable Life Insurance Provider has better/larger pool for risk assesment.
cutepigy
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