Don’t let your travel insurance blind sided you in the moment of needs, such as COVID-19 pandemic. Always check for exclusion.
Not all travel insurance created the same
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Category Archives: Insurance
Socso: INVALIDITY PENSION
Just sharing information that I found recently. Socso provide pension in cases where illness / injury not related to work.
Invalidity Pension
Source: https://www.perkeso.gov.my/en/invalidity-pension.html
Radiation Sickness – Exclusion / Limitation from Medical Insurance
Recently with some idiots stealing radioactive equipment and those who had been exposed to radiation may not be covered under their medical card.
Below are the exclusion that I found in one of my medical card contract (ALIANZ).
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TOURIST TRAGEDY Brit holidaymaker dies of blood poisoning after not having the insurance to fly back to UK hospital
Stranded visitor Michael Doyle, 29, had six operations during his trip to Bulgaria but couldn’t raise enough money to get back to Britain
A BRITISH tourist who suffered blood poisoning while on holiday has died after not being able to raise enough money to return home to the UK.
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What is the motor claims guide?
Motor Claims Guide is a comprehensive guide developed by the Malaysian insurance and
takaful industry containing key information regarding motor insurance/ takaful.
The Motor Claims Guide aims to help the public better understand the overall claims
settlement process by making transparent key information.
Download PDF : What is Motor Claim Guide Combine?
Source:Â http://www.bnm.gov.my/documents/Accident_Assist/
Great Eastern Life Assurance – Smart Extender Rider
How does it work?
Example
Wow! this smart extender comes with NO lifetime limit but is it suitable? Take the example above, at the end of the day you can only claim RM30K out of the RM90K total bill.
Source: GE Smart Extender
Allianz Malaysia Panel Hospital
PB HealthCare
Recently received a call from telemarketer promoting PB Health Care plan. Perhaps my mandarin is bad but the insurance product she is selling is too good to be true whereby guaranteed in no change of premium until maturity (age 70).
Based on my current age of 31, the telemarketer informed that my monthly premium is as follow
Plan 2 – RM81.36 monthly
Plan 4 – RM146.28 monthly
The Plan
So I did a further check on their Website PB HealthCare but discovered from the PRODUCT DISCLOSURE SHEET that what the telemarketer said is misleading. According to the PDS only Premium of Death Benefits are guaranteed while premium for Lifestyle Disease Benefit and Daily Hospital Income Benefit is NOT guaranteed.
Telephone Conversation between me and telemarketer (Jump to 2.33 for telemarketer saying about guaranteed premium 这个ä¿è´¹ä¸ä¼šæ ¹æ®ä½ 的年龄在起价)
The NON Guaranteed Premium Clause
Download Product Definition Sheet here
PDS_PB-Health-Care_English
Allianz PrimeCare
I recently bought a new policy from Allianz with a monthly premium of RM115. This plan cover more than 100 critical illness and pay half the sum assured at early stage if diagnosed with critical illness (Carcinoma in situ)
My policy comes with the following:
- Life Sum Assured- RM5,000
- Cancer Recovery Benefit – RM70,000
- Diabetes Recovery Benefit – RM40,000
- Critical Illness Sum Assured – RM200,000
- Total and Permanent Disability – RM5,000
Attached is the brochure Prime_Care_Factsheet_AZ0715_23Jun15_R1
Cancer Coverage
Refer to my earlier post, most of us may not be aware that most insurance coverage do not cover early stage cancer instead most plan will only pay at end stage cancer.
Plan to upgrade my Critical Illness plan ASAP.
