I am struggling through to find the Best Medical Card in Malaysia, luckily I met CF lieu, my problem solved.
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obligated or limited to only recommend 1 single product which we represent
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& compare objectively – the best life and health insurance products which
suit their needs without being pushy to fulfill sales quote like a tied agent."
1) Comparison
table of the Allianz, AIA, Great Eastern, Manulife & Prudential Medical
Insurance
|
AIA
|
Allianz
|
GreatEastern
|
Manulife
|
Prudential
|
Lonpac
|
Insurer X
|
|
|
Product name
|
A Plus Med
|
Medisafe
Infinite
|
SmartMedic
Xtra 99
|
ManuMedic
Link+
|
PruValueMed
|
Smart Medi
2.0
|
?
|
|
Rider or
Standalone
|
Rider
|
Rider
|
Rider
|
Rider
|
Rider
|
Standalone
|
?
|
|
Death &
TPD amount (RM)
|
19,000
|
103,000
|
12,000
|
10,000
|
10,000
|
0
|
?
|
|
Cover up to
age
|
100
|
91
|
99
|
99
|
90
|
80
|
?
|
|
Room &
Board (R&B) rate RM
|
300
|
300
|
300
|
As Charged
|
300
|
350
|
?
|
|
R&B/ICU
Days per year
|
120
|
150
|
180
|
No limit
|
90
|
No limit
|
?
|
|
Pre &
Post Hospitalization days per year
|
60/120
|
90/90
|
60/90
|
60/90
|
60/90
|
31/60
|
?
|
|
Co insurance
|
No
|
No
|
No
|
No
|
No
|
No
|
?
|
|
Co payment
for R&B upgrade
|
No
|
20% of
eligible benefits, limited to RM 1,000 per disability
|
No
|
10% of
eligible benefits, subject to minimum RM 350 but limited to RM 1,500 per
disability
|
No
|
20% of
eligible benefits, no limit
|
?
|
|
Outpatient
cancer treatment RM
|
900,000 per
lifetime, shared w/ outpatient kidney dialysis
|
Per AL &
LL
|
Per AL &
LL
|
700,000 per
lifetime
|
1.5 million
per lifetime, shared w/ outpatient kidney dialysis
|
156,000 per
year
|
?
|
|
Outpatient
kidney dialysis RM
|
900,000 per
lifetime, shared w/ outpatient cancer treatment
|
Per AL &
LL
|
Per AL &
LL
|
700,000 per
lifetime
|
1.5 million
per lifetime, shared w/ outpatient cancer treatment
|
156,000 per
year
|
?
|
|
Outpatient
stroke RM
|
No
|
No
|
No
|
700,000 per
lifetime
|
No
|
No
|
?
|
|
Outpatient
dengue treatment RM
|
3,000 per
event
|
Per AL &
LL
|
No
|
700,000 per
lifetime
|
No
|
No
|
?
|
|
Outpatient
alternative treatment RM
|
10,000
|
3,000 per
year, subject to 300/day & 1 visit/day within 30 days discharge from
hospital
|
No
|
No
|
No
|
No
|
?
|
|
Outpatient co
insurance
|
No
|
No
|
No
|
No
|
No
|
No
|
?
|
|
Annual limit
(AL) RM
|
1.5 million
|
1.2 million
|
1.6 million
|
No limit
|
No limit
|
No limit; per
disability limit of 650,000
|
?
|
|
Lifetime
limit (LL) RM
|
No limit
|
No limit
|
No limit
|
1.65 million
|
No limit, but
total claim amount exceeding Med Value Point of RM 1 million will be subject
to 20% co-insurance
|
No limit
|
?
|
|
No claim
bonus
|
5% increase
in Initial AL every 2 years for 20 years and remain level thereafter, if
total claim amount < RM 5k during the immediate preceding 2 years; 20%
increase in Initial R&B every 2 years for 10 years and remain level
thereafter, if no claim during the immediate preceding 2 years
|
10% increase
in Initial R&B every 3 years of no claim, up to 150% of Initial R&B
|
10% increase
in Initial AL every 3 years of no claim
|
No
|
2% increase
in the initial Med Value Point every 2 years, if no claim, up to Med Value
point being exceeded
|
10% increase
in Initial R&B & per disability limit every 3 years, unconditionally
and without any limit
|
?
|
|
Coverage
extend to
|
Singapore,
Brunei
|
Singapore,
Brunei
|
n.a.
|
n.a.
|
n.a.
|
n.a.
|
?
|
|
Annual
premium (RM)
|
3,920
|
3,000
|
3,400
|
3,600
|
5,868
|
1,462
|
?
|
|
What feature
you want to compare?
|
?
|
?
|
?
|
?
|
?
|
?
|
?
|
*Less popular health insurance products from Hong
Leong Assurance, AmMetLife, AXA-Affin, Zurich, MCIS and Tokio Marine are
omitted from comparison.
**The annual premium was generated based on a 35
years old female, non-smoker
7) Comparison
table of the Allianz, Great Easter & Prudential Medical Insurance
|
Allianz#
|
Prudential
|
Lonpac
|
GreatEastern
|
|
|
Product name
|
Mediaide
|
PruValueMed
Deductible
|
SmartMedi
Deductible
|
Smart
Extender Max
|
|
Rider or
Standalone
|
Rider
|
Rider
|
Standalone
|
Rider
|
|
Death &
TPD amount (RM)
|
43,000
|
10,000
|
0
|
33,000
|
|
Cover up to
age
|
81
|
80
|
80
|
80
|
|
Room &
Board (R&B) rate RM
|
300
|
300
|
350
|
300
|
|
R&B/ICU
Days
|
50 days per
confinement
|
90 days per
year
|
No limit
|
180 days per
year
|
|
Pre &
Post Hospitalization days per year
|
31/60
|
60/90
|
31/60
|
60/180
|
|
Deductible
amount RM
|
30,000
|
20,000
|
5,000
|
150,000
|
|
Co payment
for R&B upgrade
|
Not
applicable before age 55; 20% of eligible benefits, capped at RM 1k after age
55
|
Not
applicable
|
20% of
eligible benefits, no limit
|
Not
applicable
|
|
Outpatient
cancer treatment RM
|
Per AL &
LL
|
1.5 million
per lifetime, shared w/ outpatient kidney dialysis
|
36,000 per
year
|
Per AL &
LL
|
|
Outpatient
kidney dialysis RM
|
Per AL &
LL
|
1.5 million
per lifetime, shared w/ outpatient cancer treatment
|
36,000 per
year
|
Per AL &
LL
|
|
Outpatient
stroke RM
|
20,000 per
year
|
No
|
No
|
No
|
|
Outpatient
dengue treatment RM
|
No
|
No
|
No
|
No
|
|
Outpatient
alternative treatment RM
|
20,000 per
year !
|
No
|
No
|
No
|
|
Outpatient co
insurance
|
No
|
No
|
No
|
No
|
|
Annual limit
(AL) RM
|
150,000
|
No limit
|
450,000;
150,000 per disability
|
1.5 million
|
|
Lifetime
limit (LL) RM
|
1.5 million
|
No limit, but
total claim amount exceeding Med Value Point of RM 1 million will be subject
to 20% co-insurance
|
No limit
|
No limit
|
|
No claim
bonus
|
n.a.
|
2% increase
in the initial Med Value Point every 2 years, if no claim, up to Med Value
point being exceeded
|
10% increase
in Initial R&B & per disability limit every 3 years, unconditionally
and without any limit
|
No
|
|
Coverage
extend to
|
Singapore,
Brunei
|
n.a.
|
n.a.
|
n.a.
|
|
Annual
premium (RM)
|
1,200
|
1,200
|
973
|
1,200
|
|
What feature you
want to compare?
|
?
|
?
|
?
|
?
|
*Less popular deductible health insurance products
from Hong Leong Assurance & AmMetLife are omitted from comparison.
** Other insurance companies do not provide
deductible health insurance products
8) Best
deductible medical card in Malaysia – which one?
Best deductible medical card in Malaysia – which
one is it?
Not having a
full medical card after retirement could potentially be deadlier than the
silent killer – inflation, when it actually hits. I’ve talked to individuals in
their fifties who admitted to me they overlooked of getting their own medical
card when they were in employment. Then, just before the mandatory retirement,
it struck them – nobody is going to cover his post retirement medical
bills.
If you are
reading this, then I don’t want this to happen to you. Yet, I know what you are
thinking – you probably don’t want to get a redundant medical card while you
are covered by your company.
If this is your concern, then Second Medical Card aka
Deductible aka Top Up medical card is the best for you. See below
When you are employed before age 55:
It could well be a good complement to your company-provided group medical card.
For example, if your company medical card coverage is RM 30k/year, you could
get a RM 30k deductible medical card, with minimum premium (RM 1,200). Which
means, only RM 30k and above medical expenses will be covered by this second
card. (by the way, the deductible amount is configurable from RM 2k up to RM
30k)
When you retire after age 55:
Allianz deductible medical card is clearly the best medical card range here
because it is auto-convertible to a full medical card at retirement age –
55. This feature
beats out all others without retirement conversion options – Prudential, Great
Eastern and Lonpac.
What it means, when you reach age 55, this health
insurance will convert to become a zero deductible card – which means any
medical expenses can be charged under this card – at the time when your company
medical insurance coverage ceases. This happens without needing you to prove
your health condition at age 55. Besides, it also has:
·
Reasonable co-payment
clause capped at RM 1,000
·
Coverage for
outpatient stroke treatment and outpatient physiotherapy treatment
·
Coverage
extends to Singapore & Brunei (reimbursement basis).
Cheap? Yes.
Peace of mind when you retire? Absolutely.
Terminology:
·
Daily Room
& Board rate –
determines the type of hospital room you can choose to stay in without topping
up the difference. It is very normal to go for a minimum RM 200 R&B
nowadays, which could be a twin-sharing room. If you want basic single room or
above, a R&B of RM 300 and above is recommended. Upgrading R&B
rate higher than what you are entitled for in your health insurance
policy may trigger a certain co-payment clause in the insurance contract. This
render you needing to share a certain percentage of the total medical bill with
the insurer, aside from paying the difference in room & board rate.
·
Lifetime Limit
(if any) –
specifies the limited sum of medical expenses which can be
exhausted throughout the duration of health insurance coverage.
· Annual Limit (if
any) –
specifies the limited sum of medical expenses which can be exhausted within any
1 policy year as long as the health insurance is in-force.
· As charged – covers hospitalization expenses which
are deemed medically necessary, and as per reasonable and customary charges
according to the schedule set by MMA (Malaysian Medical Association). If a
medical procedure was being overcharged by hospital, then you need to top up
the difference of amount for which the insurer doesn’t cover.
· Last entry age – the last age where you can buy a
medical insurance policy. Normally it could be at 60, 65 or 70.