CASE STUDY: I’M RELOCATING, SHOULD I KEEP MY POLICY?

I’ve got 2 clients who are now abroad working in Hong Kong and the UK. In fact, I have a few clients who are Malaysians working abroad in Singapore and Dubai.

Below are some common questions asked:-

Q1: Should I retain all the benefits in the policy?

A: You can choose to cancel the medical benefit if the company you’re working at offers you a H&S service in case you need hospitalization. But before you do that, jump to #Q4

Q2: Does my insurance payout in the event of critical illness or death?

A: In case if diagnosed with a critical illness, irregardless, wherever you are in the world, insurance company will pay as long as there are valid documents such as medical report/ receipts and invoices. I’ve done a claim for a client of mine working in Singapore, she was diagnosed with breast cancer, and I’ve managed to help her claim RM50,000 for critical illness benefit.

And also it works for death benefit, as long as there’s an original death cert, the claims shouldn’t be any problem.

Q3: Can I claim reimbursement from my medical card in case I'm hospitalized overseas?

A: It will be based on customary charges. I’ve got a client in Singapore who got his finger clipped on a car door. He went for an X-ray to check if there was any broken bone, the consultation and treatment came up to SGD2,000+, and based on MY local rate, he was reimbursed RM2,000+. Simply because this policy is based on MYR and it’s not an international policy.

Q4: Why should I keep this policy?

A: Because when you are back home for a break or maybe you want to settle back in Malaysia, there’s still coverage for you in case of emergency.

Hope the above helps, and if you like what you’re reading, you can check out my other websites at:

www.Victoria-lim.com

Https://Victoria-lim.planyourfuture.today

Comments

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