I have medical card that's insurance RIGHT?

Hello Mr T, may I tell you that medical card you have will only cover your hospitalisation. Meanwhile a comprehensive insurance cover, covers your

1)LIFE

2)CRITICAL ILLNESS (CURRENTLY there are a total of 43 conditions listed)

3)MEDICAL CARD

4)PERSONAL ACCIDENT- also has accidental clinical pay and claim option

LIFE pays out a lump sum amount of money when you die. The money goes to the people you nominate as beneficiaries. Someone who will receive a benefit or asset in the event of the owner's death. It also pay out for Total Permanent Disability before the age of 70.

attached is brochure of Prudential Total Multi Critical Illness product brochure

PRUMy-Critical-Care_e-Leaflet_eng.pdf

Download PDF • 997KB

CRITICAL ILLNESS pays out when an individual diagnosed one of the critical illnesses listed in their policy. This is also known as LIVING EXPENSES in certain country.

It is important when the individual had heart attack he will not be able to work. Thus what about his day to day expenses for rent and instalment? Yes your medical card will cover your hospitalisation. So who will pay for your children's tuition, your house instalment, car instalment and the list will go on as per individuals. Even if you are single you will still have other day to day expenses to pay. When you can't pay who will? Your parents? Your spouse?

It will be a shift of burden.

MEDICAL CARD is what majority thinks what insurance is. It is only for your hospitalisation claim with a limit depending on the plan you took from the day you bought the policy.

real life story: A client of my colleague, she has a comprehensive coverage. Medical card with limit of RM150k per annexure year. She lead a very healthy lifestyle but one can not foresee the future or sickness. Hence one day her cough lead to losing appetite and next surgery one after another within 3 months. The medical card limit for the year has exceeded. Thus the husband has to pay the bill on daily basis as the wife is still in ICU. The lesson in here is medical card need to be upgraded as medical fees are only increasing as the months go by. In fact it goes up and never come down. How we wish the share market works that way. So when your agent suggest to do a policy review with you, give them a chance to explain on what upgrade best suit your needs and budget.The decision is still yours.

PERSONAL ACCIDENT

Offered in General Insurance (premium is paid yearly) and Life Insurance (premium can be paid monthly)

This is coverage in the event of an accident, personal accident insurance covers you if you become disabled; unable to work; or have a defined injury, such as loss of eyesight or hearing, and fractured bones.

*above mentioned is only a short explanation insurance is more than just medical card*

Every product offered by individual company has different set of term and conditions to comply. Hence please do consult your respective agent if there is any further detail you need to know.

Feel free to email me if there's anything i can be of help to review your coverage and or anything related to general insurance and life insurance.

KNOW YOUR WORTH

AND

MATCH YOUR COVERAGE FOR THE SAKE OF YOUR LOVE ONES AND FUTURE.