I think AXA medical plan may suit you. I'm not so familiar with their product but from what I learnt you can opt for high deductible now so that you can pay less for your insurance. You have an option once in a lifetime to convert to zero deductible for free. But please consult with their agent to have a correct information.

Prudential will have something similar in the future, you can opt high deductible then upon retirement you can opt for zero cash-less. We the agent are still waiting a further notice from Prudential when we can start selling this medical card.

To answer your question, Yes, I'll have my own personal coverage because we never know what will happen to current company. The company can switch insurance company, can terminate us especially if we are sick, and others uncertainty that beyond our responsibility.

I'll have a medical card as long as possible while I still can pay for it. I'm using Prudential medical card which cover until I'm 70 years old.

Groggy,

If it's ING, I would go with cashless option. I would recommend you to continue your existing coverage even if you're covered by the company for now, moreover since you are a family man. ING's traditional medical plan should start off with RM80. The investment plan, having the medical card as a rider would start off with RM150.

I would say it's good to keep it going when you're old as you wouldn't want the ever increasing hospitalization cost to eat into your retirement fund etc.

Cheers,

HH

groggy,

i agree with ajau and HHalphaomega. if you're healthy you can look this conditon by getting a good cover. axa with max. deductable now and a conversion later might be ideal for you. personally i am covered by company + two additional policies.

ajau,

i never heard of a policy that differentiates between who bears their deductable. it should not matter and would probably illegal to do so as it would discriminate between policy holders who bear the same cover. can you show me / point out a policy that does that? they should go to the wall of shame right along with non-guaranteed renewal of the policy

ajau,

it's always worthwhile to read the entire contract carefully. the only policy with deductable i have is tokio marine medic plus. they cover the medical costs exceeding the deductable (10k per disability) and nowhere do they make any demands with respect to the portion they dont pay. and frankly i dont think any policy in malaysia does. i have read the contracts for roughly every second plan offered two years ago and none stated anything like that. i am pretty sure i would have noticed a clause like that. of course i cant be sure but if such a policy exists it would be great if we could find it and warn everyone from buying it as a back-up policy.

groggy,

company insurance is just a bonus. its good but what if we switch jobs/get fired/retire. cover is gone. so can claim there first then move on to personal cover. personal cover is currently AXA SCO (500k annual limit) and Tokio Marine Medic Plus (Max. Plan). TM is mainly to cover for outpatient cancer and dialysis if the need arises and as a burst-option in case there ever is a super heavy bill that exceeds AXA limit + what the company pays. also when you get older you are more likely to get sick so i feel its good to have a lot of guaranteed renewable covers just in case. easier to pay average expected costs than risking to pay a super big bill right
the choices are my personal choice and you might find other insurances more suitable for your needs. it pays to shop around.

groggy,

cashless. premim for M/40 is 1085 + 10 stamp duty. yes, you can ask AXA to assign an agent. it's easier to switch with an existing cover in force. you can be treated as take-over so waiting periods can be waived. make sure that existing and new cover overlap as to eliminate any remaining waiting periods that might apply.

groggy,

for AXA SCO max plan the lifetime limit for OUTPATIENT cancer treatment and dialysis is 60 k. i think you looked at the wrong cover/plan. i just checked it a few days ago so i am absolutely certain its 60k.
if you are hospitalised for the treatment, AXA will cover it up to the respective annual limit (i.e. 500k under max plan). i bought TM plan to get another 125k annually (750k lifetime) cover for outpatient cancer treatment and dialysis subject to me paying the first 10k for either sickness (or claim it elsewhere). that combination provides imho a decent cover esp. since both plans are guranteed renewal. you can get the plans / policy wording from their websites. if you want complet coverage up to several million RM annually without restrictions or lifetime limit i can name you three policies (allianz worldwide care, DEVK, lighthouse.asia french policy plan) but the premium will be much much higher (around 10x) and you might have a hard time getting the policy unless you have international exposure.