Out of so many medical cards available in the market today, how do you select the most suitable medical plan for yourself? Apart from analyzing the coverage of the medical plans as listed in my Medical Card Comparison article, there are also many other aspects have to be checked carefully before you sign on the dot.
Based on excellent comment from Wi1s0n in my article mentioned above, one of the points that we have to consider is the list of panel hospitals that is covered by the medical plans. It is worth to note that even though a hospital is covered by a particular medical plan, it does not mean that the specialist that you are seeking medical advice from are approved by the insurance company. Therefore, it is advisable for you to get hold of the panel hospital list as well as the approved specialist list from your insurance agent.
April 16, 2012
April 9, 2012
Comparison of Family Personal Accident
Personal accident (PA) insurance policy is one of the critical component of insurance planning for a person, but it is often neglected and overshadowed by the more popular insurance in the market such as hospitalization and surgical medical plans. With PA insurance, you can protect yourself or your loved ones financially in the event of accident that results in hospitalization, disability or death.
There are many types of PA insurance in the market, such as classic PA, travel PA, driver PA, family PA, and etc. In this article, we are focusing on family PA plan, i.e. personal accident insurance that will include both insurance owner and spouse as well as all the children in the household within a single policy.
In Malaysia, most of the PA plans are sold by general insurers. This article intends to compare some of the main features of the family PA plans offered by some of the leading general insurance companies in Malaysia, such as Allianz, Lonpac, Chartis, Tokio Marine, as well as life insurance companies like AIA and ING. For the purpose of this article, we will assume that the insurance owner will purchase a family PA plan with the accidental death payout of RM100,000.
Here's what he will get from the family PA plans mentioned above:
From the comparison table above, the boxes highlighted in Yellow are the advantages of the features of each family PA plan if compared to the same feature of competitor family PA plan.
As you can see, every family PA plan has similar features with differentiating amount of coverage. It is important to note that there is no such thing as the "best" family PA in the market, but rather the "most suitable" family PA plan for you. When i mean the "most suitable" family PA plan, i mean that the coverage offered is within your comfortable zone and within your budget.
For me, I tend to focus on factors such as payout amount for accidental death, accidental TPD, medical reimbursement, accident hospital income, weekly benefit, prostheses, corrective dental/cosmetic surgery, and renewal bonus. The remaining features are nice to have, and in fact add to the cost of insurance.
In my opinion, family PA plans from AIA, Allianz and Chartis Insurance stand out from the competitors by packaging their plans to focus on core factos as mentioned above. However, the premium for these family PA plan are well above the average market rate. If you are looking for a more balanced family PA plan with reasonable premium, notable mention are Lonpac FlexiCare, Kurnia Perfect 10 Plus, AXA SmartCare Prime, and QBE FlexiCare.
To get the details about each family PA plan, please follow the links below:
Disclaimer: The information published is for your reference only. Please refer to your insurance agent for the most up to date information.
There are many types of PA insurance in the market, such as classic PA, travel PA, driver PA, family PA, and etc. In this article, we are focusing on family PA plan, i.e. personal accident insurance that will include both insurance owner and spouse as well as all the children in the household within a single policy.
In Malaysia, most of the PA plans are sold by general insurers. This article intends to compare some of the main features of the family PA plans offered by some of the leading general insurance companies in Malaysia, such as Allianz, Lonpac, Chartis, Tokio Marine, as well as life insurance companies like AIA and ING. For the purpose of this article, we will assume that the insurance owner will purchase a family PA plan with the accidental death payout of RM100,000.
Here's what he will get from the family PA plans mentioned above:
Note: To open the spreadsheet in another tab, click this link.
From the comparison table above, the boxes highlighted in Yellow are the advantages of the features of each family PA plan if compared to the same feature of competitor family PA plan.
As you can see, every family PA plan has similar features with differentiating amount of coverage. It is important to note that there is no such thing as the "best" family PA in the market, but rather the "most suitable" family PA plan for you. When i mean the "most suitable" family PA plan, i mean that the coverage offered is within your comfortable zone and within your budget.
For me, I tend to focus on factors such as payout amount for accidental death, accidental TPD, medical reimbursement, accident hospital income, weekly benefit, prostheses, corrective dental/cosmetic surgery, and renewal bonus. The remaining features are nice to have, and in fact add to the cost of insurance.
In my opinion, family PA plans from AIA, Allianz and Chartis Insurance stand out from the competitors by packaging their plans to focus on core factos as mentioned above. However, the premium for these family PA plan are well above the average market rate. If you are looking for a more balanced family PA plan with reasonable premium, notable mention are Lonpac FlexiCare, Kurnia Perfect 10 Plus, AXA SmartCare Prime, and QBE FlexiCare.
To get the details about each family PA plan, please follow the links below:
- Allianz Shield
- AXA SmartCare Prime
- Berjaya Sompo Family PA
- Chartis Essential PA
- ING Family PA
- Kurnia Perfect 10 Plus
- Lonpac Family Protector
- Lonpac FlexiCare
- MPIB Family Accident Protector
- OAC Family Protector
- QBE FlexiCare
- Tokio Marine Family PA Partner
Disclaimer: The information published is for your reference only. Please refer to your insurance agent for the most up to date information.
April 2, 2012
Stock Review: AMWAY (6351)
In my previous article on stock selection criteria, I am using stock grading system as advocated by Infinite Wealth, which is basically based on fundamental analysis. According to Infinite Wealth grading system, a stock with grading of 9 stars and above is worthy of investment. A quick recap on the stock grading system is as follow:
- Turnover
- Net profit after tax (Net PAT)
- Net profit margin (NPM)
- Cashflow from operation (Cashflow Ops)
- Cash ratio (= Asset/Liabilities)
- Average net dividend yield (Net DY)
- Average ROE (ROE)
March 26, 2012
Amanah Saham Malaysia Unitholders Get 6.5 Sen Dividend
Amanah Saham Nasional Bhd (ASNB), a wholly-owned subsidiary of Permodalan Nasional Bhd (PNB), has announced a 6.50 sen dividend per unit for Amanah Saham Malaysia (ASM) for the financial year ending March 31, 2012.
The income distribution was higher than the 6.38 sen per unit paid last year, PNB Chairman Tun Ahmad Sarji Abdul Hamid said today.
He said the income distribution would involve a total payout of RM820.24 million, an increase of 8.6 percent compared to the RM755.05 million paid out last year.
"The payment will benefit 546,341 unit holders who currently hold 12.62 billion units of ASM," he told a press conference here today.
Up until March 21, ASM has recorded a gross income of RM978.32 million.
For comparison of historical dividends distributed by Amanah Saham Wawasan 2020, Amanah Saham Malaysia and Amanah Saham 1Malaysia, please refer to this article.
Source: Bernama
The income distribution was higher than the 6.38 sen per unit paid last year, PNB Chairman Tun Ahmad Sarji Abdul Hamid said today.
He said the income distribution would involve a total payout of RM820.24 million, an increase of 8.6 percent compared to the RM755.05 million paid out last year.
"The payment will benefit 546,341 unit holders who currently hold 12.62 billion units of ASM," he told a press conference here today.
Up until March 21, ASM has recorded a gross income of RM978.32 million.
For comparison of historical dividends distributed by Amanah Saham Wawasan 2020, Amanah Saham Malaysia and Amanah Saham 1Malaysia, please refer to this article.
Source: Bernama
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