Getting medical coverage for the first time? If you need something straightforward and affordable, you may need a standalone medical card. Here\u2019s a comparison of standalone medical cards in Malaysia, and how to choose a plan that suits your needs.<\/p>\n
If you\u2019re a fresh graduate who is no longer eligible to be included under your parents\u2019 medical insurance coverage, it\u2019s important to get your own medical card. That\u2019s because private medical costs are high, and are increasing every year. That\u2019s where a medical card comes in handy \u2013 it covers the cost of hospitalisation and surgical treatment, so you don\u2019t have to pay these costs out of your own pocket.<\/p>\n
In Malaysia, most medical and health plans<\/a> are sold with investment-linked insurance products, so it\u2019s easy to mix up your medical card with other insurance policies. But knowing the difference between these policies is important so you can identify gaps in your coverage. Here are the differences:<\/p>\n What\u2019s The Difference Between Life And Medical Insurance?<\/a> <\/div><\/div>\n There are two types of medical cards: a standalone medical card, and a medical card rider. Here are some of the differences:\n
\nWhat\u2019s The Difference Between A Medical Card And Critical Illness Insurance?<\/a><\/p>\n<\/span>What\u2019s the difference between a standalone medical card and medical rider?<\/span><\/h2>\n
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\n\t \n<\/th> Standalone medical card<\/th> Medical card rider<\/th>\n<\/tr>\n<\/thead>\n \n\t Policy<\/td> Is sold as a standalone policy<\/td> Is sold as a rider that is attached to a main plan, such as an investment-linked policy (ILP)<\/td>\n<\/tr>\n \n\t Premium<\/td> Premiums increase with age<\/td> If purchased with an ILP, premiums don\u2019t increase with age (but may be adjusted to keep up with medical inflation)<\/td>\n<\/tr>\n \n\t Affordability<\/td> Generally cheaper<\/td> Generally more expensive<\/td>\n<\/tr>\n \n\t Cash value<\/td> None<\/td> May have cash value generated from investment returns<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n
\nGetting a medical rider that comes with an investment-linked life insurance policy can be a good idea if you have dependents who rely on you financially, or if you need an all-in-one life and medical plan that covers your family too.<\/p>\n