Lipstiq.com
  • Home
  • Fashion
  • Beauty
  • Wellness
    • Parenting
  • Celebrity
  • Lifestyle
  • Giveaways
SUBSCRIBE
No Result
View All Result
Lipstiq.com
  • Home
  • Fashion
  • Beauty
  • Wellness
    • Parenting
  • Celebrity
  • Lifestyle
  • Giveaways
No Result
View All Result
Lipstiq.com
No Result
View All Result
Home Wellness

3 Factors To Look Into When Choosing Your Preferred Medical Insurance

by Carmen Chong
August 11, 2015
Share on FacebookShare on Twitter
Photo: Bjp.ie
Photo: Bjp.ie

The cost of living constantly rises and Malaysians are struggling to meet their expenses. Having said that, more people are realising the need for sufficient medical coverage even though the cost of healthcare can get ridiculously high. With thousands of medical plans in the market, people often get confused and overwhelmed. For that reason, Prudential Assurance Malaysia Berhad (PAMB) has simplified medical insurance to educate Malaysians on the most important factors to consider when choosing a medical protection policy.

In general, Malaysians do not have adequate insurance coverage and unfortunately, they believe that it’s okay. The sum insured should be equivalent to 10 times your annual salary. With Malaysia’s gross income per capita of RM32,000, the average sum assured of RM50,000 is way below the recommended amount an individual should be insured for. Most importantly, will your savings or medical insurance be enough to cover your bill when you’re stricken with illness?

Photo: AAPP.org
Photo: AAPP.org

Before you decide on a medical plan, look out for these factors you should consider:

1. Adequacy of protection

An ideal medical plan will offer enough protection for all your medical expenses, so you have to find out how much coverage you need or the maximum amount you can claim, which is known as the lifetime limit. For most medical plans, insurers only pay claims up to a certain limit. Once you’ve reached this limit, the coverage runs out and the medical coverage ceases.

What seems enough for today may not be sufficient for the future. For example, treatment for lung cancer which includes doctor fees, treatment costs like chemotherapy, cost RM40,000 10 years ago. With medical inflation averaging 12% a year, the same treatment costs RM100,000 today and in another 10 years, it would have increased to RM300,000.

Photo: Sym
Photo: Sym

2. Value for money

Hospitalisation doesn’t happen very often. Hence, it only makes sense to pay for what you really need and get the best value out of your medical plan. Some medical plans allow you to pay a lower premium if you choose to split a portion of the medical bills incurred with the insurance provider. With the premium you’ve saved, you can upgrade your medical coverage or reinvest it back to your insurance policy to increase your savings.

In the event of hospitalisation, the premium savings you have accumulated would far exceed the amount you’d have to pay on the medical bill. You will be getting more value from your policy as you get to enjoy more protection with added savings.

 

3. Certainty of coverage

Does the medical plan provide a certainty of coverage? Many medical plans may include a clause that provides the insurance provider the right to discontinue the medical coverage if they give sufficient notice. Thus, the customer may be left without any medical protection when they are most in need. Look for a medical plan that has a non-cancellable clause to ensure peace of mind so that your coverage will be there when you need it.

pruvalue-e1426562325573

With this, Prudential Assurance Malaysia Berhad (PAMB) has introduced PRUvalue med, a new investment-lined medical plan that combines extraordinary value and savings. Besides being 100% non-cancellable, PRUvalue med offers two different plan options depending on your preferred protection benefits, and it is also the first medical plan in the market to cover 11 maternity complications for females.

Watch the video below to learn more about PRUvalue med or visit this website to get more details!

Tags: HealthInsuranceMedical Insurance
Share2Tweet1Send

You Might Also Like

6 Sex Injuries & How To Deal With Them (So You Can Boink Again)

6 Sex Injuries & How To Deal With Them (So You Can Boink Again)

by Xuen-Li
June 22, 2022

Sex is pretty great, but it's not always as smooth sailing as the movies portray it as. In real life,...

Set Boundaries To Prevent Werk, Werk, Werk, Werk, Werk Burnout

Set Boundaries To Prevent Werk, Werk, Werk, Werk, Werk Burnout

by Syahira Asyiqin
June 22, 2022

Work burnout is a very real and valid experience that every worker goes through when they fail to handle their...

Odd Things Your Body May Experience After A Shag

Odd Things Your Body May Experience After A Shag

by Xuen-Li
June 20, 2022

So you've just had sex. First off, congratulations! Secondly, why is your vagina itching so much? Don't worry, it's totally...

Yoni Massage: Even Your Vajayjay Could Use A Rub-Down!

Yoni Massage: Even Your Vajayjay Could Use A Rub-Down!

by Vivian Rachel
June 20, 2022

Wondering what in the world is a Yoni Massage? Allow us to explain to you what it means, the process,...

Trending Today

  1. 1

    Most Drool-Worthy Food Pix & Recipes This Week!

  2. 2

    The Ordinary Skincare Is In Da House… At Sephora Malaysia!

  3. 3

    Cream To Scream About? Why Is My Vagina Overflowing With Cheese?

  4. 4

    Nipple Pimples: I Get Them, You Get Them, We ALL Get Them!

  5. 5

    The Easiest One-Step Messy Bun Is Here And It’s Pure Genius!

  • About Us
  • Careers
  • Contact Us
  • Media Kit
  • Privacy

LIPSTIQ participates in various affiliate marketing programs, which means we may get paid commissions on editorially chosen products purchased through our links to retailer sites.

©2022 Vijandren Ramadass. All Rights Reserved.

No Result
View All Result
  • Home
  • Fashion
  • Beauty
  • Wellness
    • Parenting
  • Celebrity
  • Lifestyle
  • Giveaways
We use cookies to improve your experience. Learn more