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INSURER A
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MAIN DIFFERENCES
TOTAL SAVING...up to RM1,979.95!
for a family of 2 Adults & 3 Children
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# |
Features |
MCO Plan |
Insurer A |
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1 |
Room & Board (R&B) |
200 / disability |
200 / disability (60 days) |
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2 |
Organ Transplant |
50,000 / lifetime |
-- |
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3 |
Comp Personal Accident |
230,000 |
-- |
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4 |
Maternity Benefit |
500 / 750 |
-- |
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5 |
SOS Benefits (Video) |
USD1,000,000 |
Yes |
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6 |
Excess & Co-Insurance |
-- |
50 / disability |
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7 |
H&S Attached to... |
Membership |
5,000 term life |
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8 |
Disability/Annual Limit |
100,000 / disability |
105,000 / year |
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9 |
Lifetime Limit |
300,000 |
315,000 |
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10 |
Family Discount? |
-- |
-- |
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11 |
Guaranteed Renewable up to... |
70 |
70 |
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12 |
Cashless after... |
IMMEDIATE |
3 months |
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13 |
Cashless Overseas? |
YES |
-- |
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14 |
Membership Benefits |
YES |
-- |
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15 |
Local Panel Hospitals |
75 |
YES |
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16 |
Premium to Premium |
1,221.00 |
3,174.95 |
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17 |
(Membership Fee & Premium) to Premium |
2,215.00 |
3,174.95 |
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18 |
Min Premium, Max Protection? |
YES |
NO |
DETAILED COMPARISON WILL BE AVAILABLE UPON REQUEST.
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HOW INSURER A PREMIUMS ARE DERIVED
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ASSUMPTIONS
- Father 42, Mother 38
- 3 Children of ages 6(Girl), 10(Boy) and 14(Girl).
PREMIUM COMPUTATION
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MEMBER |
COVERAGE |
PREMIUMS |
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Father |
Term Life premium for RM5,000 expiring @ age 70 |
62.65 |
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H&S premium |
1,063.00 |
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Mother |
Term Life premium for RM5,000 expiring @ age 70 |
42.30 |
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H&S premium |
897.00 |
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Child 1 |
Term Life premium for RM5,000 expiring @ age 70 |
24.00 |
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H&S premium |
531.00 |
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Child 2 |
Term Life premium for RM5,000 expiring @ age 70 |
25.40 |
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H&S premium |
531.00 |
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Child 3 |
Term Life premium for RM5,000 expiring @ age 70 |
24.00 |
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H&S premium |
531.00 |
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TOTAL FAMILY PREMIUM |
3,174.95 |
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MCO AND INSURER A
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PRICE DIFFERENCE
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# |
DESCRIPTION |
MCO |
A |
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1 |
MCO Membership Fee |
994.00 |
- |
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2 |
Insurance Premiums |
1,221.00 |
3,174.95 |
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Totals |
2,215.00 |
3,174.95 |
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Direct Saving (Inclusive of Membership fees) |
(959.95) |
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3 |
Comprehensive Medical Checkups for two adults worth RM560 are included in the membership. This amount is a saving to you. |
(560.00) |
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4 |
Comprehensive Personal Accident Cover is also included in the MCO's H&Spolicy (@ RM20/10,000SA, 230K/10K x 20). |
(460.00) |
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TOTAL SAVING |
(1,979.95) |
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The following additional benefits are provided under the MCO program (at no extra charge) but are not available under Company A :-
- eMedical Record (Telemedicine)
- Life Time Health Plan
- Wellness Programme
- Review of Medical Results with Doctors
- Medical Report on Request
- Convalescent & Nursing Home Care (discounted rate)
- Preferred Rate for the MCO's Clinics
- Large number of panel hospitals
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