[quote=mtsen,Aug 12 2009, 01:26 AM]my plan is when I am strike by irrecovarable illness, I don't need any new insurance anymore.  I have a to do list for such incident and by then, most personal finance stuff will become less important to me.  When its time to die, just die.  The last thing I want is to hold on just for the sake of holding on.  this way, I live my daily life with full conscious what the consequences may be.

What I have on TM is they have 84k limit on Kidney dialysis and cancer, 80k limit on surgeon fee, 25k on anesthetist etc.   which TM plan has unlimited cancer treatment ?

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Added on August 12, 2009, 1:47 am
I think I get the concept but I am not sure if it works for my case.  If I have both AXA and TM, I would still have kidney dialysis limit at 60k+84k=114k
if I go for ING, my limit is the annual limit which is 150k.

am I right to say your above plan is only valid if one thinks lifetime limit is more important than no limit on dialysis ?

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Added on August 12, 2009, 2:14 amneed help again ... when I told one of the agents that I favor ING's no limit on kidney outpatient, then he said the limit is actually for the good of insured ... see below message ...

Zurich is care for the policy holders protection . The limitation is not to limit their coverage but to make sure they can use the given benefit for a long term . By giving them the annual limit , the client will make sure they use only the allocated limit annually rather then use up  the entire limit within 2 to 3 years .

what do you think ?

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I say Zurich is protecting themselves.

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Added on August 22, 2009, 1:47 am[quote=mtsen,Aug 5 2009, 09:49 AM]some h&s plans sold in bank are actually the same as insurance companies, only minus the commissions paid to the agency distribution channel, that way, you got the same plan (cover the same risk) with cheaper price. 

But MOST of those plans are NOT 'exact' and have 'tricks' inside ...

the trend is also transfer the commission to the bank officer .. 

about my own search for top up, its still a confusing and frustrating journey ... I was happy with AXA value, then impressed with ING's feature ... then an Allianz agent shared his bad claim experience on stand alone plans ...

despite how much you know sometimes it is just hard to get over the emotion part ....

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Basically, what mtsen said is correct. They are almost the same.
The major difference here is you will be your own agent. You'll need to do all the claims on your own instead of having an agent to assist you while you rest at home.

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Added on August 22, 2009, 1:59 am[quote=twentyfour24,Feb 21 2009, 05:01 PM]the 1st coverage u need to have is medical plan.
just attached medical card n critical illness plan will do.
some of the insurance company on critical illness already include for savings,term,PA plan as well.so u no need to pay extra.

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I know this post has gone way back, but just to refresh, it is exceptionally undesireable to attach a medical card into a critical illness plan.
Medical card is suppose to cover you up till age 80 or 70 at least.
If you do attach a medical card into a critical illness plan, you will lose the benefits of medical card once you are diagnosed with any of the listed critical illness because the critical illness plan will pay you the benefits and thus your policy contract is void, with all riders in it.
If the illness is diagnosed at the age of 50, then you will bare all medical bills on your own for the next 20 or 30 years.

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Added on August 22, 2009, 2:01 am[quote=normal_user,Feb 21 2009, 07:16 PM]Its difficult to separate CI & Med Card if you already subscribed long time ago, unless if you buy 2nd policy that focuses on CI only and reduce the CI benefit for the 1st policy.

I know this one investment & protection plan that gives u RM200K CI protection for around RM100-150 per month (according to age). Or u can configure it for RM100K CI & RM100K Death. Policy runs until age 100 years old. If for non-investment/savings plan, the premium would be much  much cheaper. PM me if u want to know more.

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I believe it is possible to separate all riders at any point of time/year. You are being very misleading normal_user.

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Added on August 22, 2009, 2:07 am[quote=Gen-X,Feb 28 2009, 11:49 PM]
I need CI for protection.

I read from KC Lau, Money Matter that we need CI protection of 3 x our annual income. Therefore I am under protected (my existing CI policy which was bought earlier based on my earlier income level and is currently inadequate). Adding this RM 50K will bring it up to an adequate level.

I am healthy at the moment, but getting sick during older age is a guarantee.

And since we are on this topic, what would be considered a adequate protection for Hospitalization & Medical?

Xuzen

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Added on February 21, 2009, 12:17 pm
My Life Policy is adequate.

I am now looking to up my CI and Med card Protection. As one progress in life, ones' needs and protection increases. Yes, I want to keep my CI & Med card policy separate, it is cheaper this way isn't it?

Xuzen

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Xuzen, I agree with what raylimfs said. What the are odds of you getting the 36 CI? Even if you are dignosed with 36 CI, how long you think the RM50K or RM100K going to last you if you need treatment? Go and ask people, 1 time treatment for cancer may cost above RM30K if dignosed early.

What I noted from your reply above is you are looking for Med Card Protection. Assuming that you dont' have a Med Card, my opinion is that better to get one instead of just CI only. My wife's nephew was hit by a car last week and the had to undergo major operation and after discharged requires therapy and it will cost more that RM40K.

I myself have Prudential Med Card annual limit RM75K and Litimetime RM225K since 2003 at RM200/month and last year upgraded it to lifetime amount of RM300,000 and up to age 75 (from 60)) since I getting old and foresee more health problems and now paying about RM340.month. So my point is the ealier you are covered the premium is less and check until what age does the insurance covers you.

My eldest is getting his driving license this year and will be going out more often so I just got him a Med Card from Prudential. His plan is slightly different from mine where it does not insured for take home medicine and got co-insured but his annual amount is same as mine RM75K and Lifetime amount is RM750,000 and monthly premium is only RM125! It also includes RM20K for Accident Out Patient Treatment, RM20K Life and CI.

Suggest you talk to a Prudential agent and compare with others, best if the agent have been doing insurance fulltime for years and highly recommended and not some guy you met that will not provide you service in time of need. And if you do consider Prudential, get the higher Lifetime amount as RM750K vs. RM500K and higher hospital room allowance (what you think it will cost 20 years from now for twin bed room at private hospital) as the premium diff is only about RM20-30/monthly.

Some people may tell you to get Personal Accident and just CI insurance only since it is cheaper but what in the event one is hospitalized because of illness/disease/cancer, can he/she afford to pay the hospital bills at private hospital and not burdening family members after using up all his/her life savings? And I am not even talking about being in ICU or having to go dialysis where the cost is just tremendous.

Lastly, is you are paying taxes, Medical Insurance is tax deductable which is different from the EPF & Life Insurance combined deductable.

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Hi Gen-X

If you've yet to know, you are already paying an extremely high premium for such a coverage. Go back to your agent and tell him/her to answer you truthfully. You can maintain with RM200/month for such a coverage.
If your agent is telling you no way, come back here and tell us what was the reason given.

This post has been edited by thomstan: Aug 22 2009, 02:07 AM