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INSURER B
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MAIN DIFFERENCES
TOTAL SAVINGS...up to
RM7,651 (Investment-Linked) and RM4,121 (Traditional)
for a family of 2 Adults & 3 Children
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# |
Features |
MCO Plan |
Insurer B |
|
1 |
Room & Board (R&B) |
450 / disability |
400 / disability (120 days) |
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2 |
Organ Transplant |
80,000 / lifetime |
-- |
|
3 |
Comp Personal Accident |
490,000 |
-- |
|
4 |
Maternity Benefit |
1,000 / 2,000 |
-- |
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5 |
SOS Benefits (Video) |
USD1,000,000 |
Yes |
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6 |
Excess & Co-Insurance |
-- |
300-1,000 |
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7 |
H&S Attached to... |
Membership |
IL or Traditional |
|
8 |
Disability/Annual Limit |
175,000 / disability |
150,000 / year |
|
9 |
Lifetime Limit |
525,000 |
450,000 |
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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 |
6 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 |
1,753.00 |
7,217 or 3,687 |
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17 |
(Membership Fee & Premium) to Premium |
2,859.00 |
7,217 or 3,687 |
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18 |
Min Premium, Max Protection? |
YES |
NO |
This comparison does not take into account the premiums for the Investment-Linked and Traditional portions of the policies, and any other riders that may be added to it.
DETAILED COMPARISON WILL BE AVAILABLE UPON REQUEST.
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HOW INSURER B 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
(attached to Investment-Linked Policy)
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MEMBER |
COVERAGE |
PREMIUMS |
|
Father |
H&S premium |
2,800.00 |
|
Mother |
H&S premium |
2,300.00 |
|
Child 1 |
H&S premium |
1,290.00 |
|
Child 2 |
H&S premium |
1,290.00 |
|
Child 3 |
H&S premium |
1,290.00 |
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TOTAL FAMILY PREMIUM |
8,970.00 |
(attached to Traditional Policy)
|
MEMBER |
COVERAGE |
PREMIUMS |
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Father |
H&S premium |
1,580.00 |
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Mother |
H&S premium |
1,400.00 |
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Child 1 |
H&S premium |
820.00 |
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Child 2 |
H&S premium |
820.00 |
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Child 3 |
H&S premium |
820.00 |
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TOTAL FAMILY PREMIUM |
5,440.00 |
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MCO AND INSURER B
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PRICE DIFFERENCE
(attached to Investment-Linked policy)
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# |
DESCRIPTION |
MCO |
B |
|
1 |
MCO Membership Fee |
1,106.00 |
- |
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2 |
Insurance Premiums |
1,753.00 |
8,970.00 |
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Totals |
2,859.00 |
8,970.00 |
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Direct Saving (Inclusive of Membership fees) |
(6,111.00) |
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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, 490K/10K x 20). |
(980.00) |
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TOTAL SAVING |
(7,651.00) |
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(attached to Traditional policy)
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# |
DESCRIPTION |
MCO |
B |
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1 |
MCO Membership Fee |
1,106.00 |
- |
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2 |
Insurance Premiums |
1,753.00 |
5,440.00 |
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Totals |
2,859.00 |
5,440.00 |
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Direct Saving (Inclusive of Membership fees) |
(2,581.00) |
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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, 490K/10K x 20). |
(980.00) |
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TOTAL SAVING |
(4,121.00) |
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The following additional benefits are provided under the MCO program (at no extra charge) but are not available under Company B :-
- 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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