Monday, February 22, 2016

MSIC MaxHealth - Another "Unlimited" Lifetime Limit... Medical Plan

Another very interesting Medical Plan recently launched by MCIS Insurance Berhad.

There are five (5) plans from Plan 150 to Plan 500.

Pros

  • Unlimited Lifetime Limit
  • Very high Annual Limit (from RM850,000)
  • Optional Deductible of RM3,000 (to make premium more affordable)
  • No Claim Bonus - Room & Board benefit to be increased 20% every 2 years, e.g.
    • Room & Board for Plan 150, 
      • Year 1 and 2   - RM 150
      • Year 3 and 4   - RM 180 (RM150 + 20% of RM150)
      • Year 5 and 6   - RM 210 (RM180 + 20% of RM150)
      • Year 7 and 8   - RM 240 (RM210 + 20% of RM150)
      • Year 9 and 10 - RM 270 (RM240 + 20% of RM150) 
      • Year 11 onward RM 300 (RM270 + 20% of RM150)(Maximum)


But...Careful on...

  • Plan 150 and Plan 200 subject to co-insurance if Room & Board higher than the entitled benefit.
  • Cost of insurance may be too high for you, since annual limit is RM850,000 onwards
  • Future premium is not guaranteed, like all other products in the market (as cost of medical goes up much faster than inflation rate)


Click here for more details.

Is this the best plan in town?

How to choose the best plan that suit you? 

Contact a licensed independent financial adviser at info@chongkonghui.com

Chong Kong Hui
Financial Adviser's Representative
FAR, iFAR, CMSRL (FP)