What Do We Have to Know About Medical Insurance?

Recently, I was doing some research on the cost of insurance comparison for some of the medical card/insurance available in the market today and i stumbled upon this document. This document was compiled by one of the financial planning company and it was dated 14 September, 2010. So i guess, the medical insurance comparisons they made should be still relevant at the moment.

From the document, there are a few interesting notes that i should highlight:

• Medical insurance attached with an Investment Linked plan as a rider offers LEVEL premium: This means, as a consumer, you will pay FIX premium through out the tenure, for your investment-linked insurance, unless the units in your investment-linked insurance are not enough to cover the rise in cost of insurance for the riders attached to your policy.
• One does not need to disclose his/her medical history if it happened more than 10 years ago: This is new to me! If there are some insurance agents out there, please confirm whether this is true!
• It is always a wiser choice to purchase medical benefit under an Investment Linked plan because it gives some returns at any point in time whereas there is no return if one buys standalone medical plan: This is a good reminder to potential customers out there scouting for medical cards