Health insurance

[cozypupper]

Our health insurance provides:
(1) Coverage in Asian countries and beyond
(2) No annual medical questionnaires / tests
(3) Annual contract available
(4) Optional outpatient/dental/maternity add-ons
T&C applied.

Discuss the best plan for you at +628975100899 (WA) or direct message me.
No strings attached.

 

[Samoerai]

Our health insurance provides:
(1) Coverage in Asian countries and beyond
(2) No annual medical questionnaires / tests
(3) Annual contract available
(4) Optional outpatient/dental/maternity add-ons
T&C applied.

Discuss the best plan for you at +628975100899 (WA) or direct message me.
No strings attached.

I had a conversation with cozypupper, not so long time ago. He knows his stuff.

 

[snpark]

Which company?
Direct billing? Or pay and claim and get reimbursed?

 

[jstar]

Just like practically all Indonesians are (or want to be) real estate agents, you see a huge amount of insurance agents. It’s almost a national hobby*. I have like three people already in my family-in-law like that. You know them; the ones you see with their laptop in a Coffee Bean or Starbucks explaining something to some people.

The agents are rather bound to specific companies and -unlike a (car or house) insurance agent in Western Europe for instance- don’t offer many solutions from miscellaneous and multiple companies. Often they only have ties with the Prudential, MetLife, AIG c.s. which obviously they advice as single solution.

No bad word about the OP, I don‘t know the person, and (s)he could be very competent, but that is something to consider when you look into solutions. Esp. if they don’t tell you right away what company they represent and give the impression of being independent

*boutade

 

[Samoerai]

Which company?
Direct billing? Or pay and claim and get reimbursed?

I had a long conversation with this guy cozypupper about e.g. details regarding traditional and unit-link insurances, comparing the premiums in the long run and the 'fine prints' e.g. regarding VIP-rooms and what not(!) to do when the VIP-rooms are all occupied, the so called 'the pro-rate rule'. Based on my conversation, he is very competent.

 

[snpark]

I had a long conversation with this guy cozypupper about e.g. details regarding traditional and unit-link insurances, comparing the premiums in the long run and the 'fine prints' e.g. regarding VIP-rooms and what not(!) to do when the VIP-rooms are all occupied, the so called 'the pro-rate rule'. Based on my conversation, he is very competent.

So what did you end up buying with him?

 

[Samoerai]

So what did you end up buying with him?

I did due diligence ... pros and cons between Allianz, Prudential and ManuLife. The insurance I ended up with was Allianz (unit-link insurance, direct billing) which was offered to me by another agent.

 

[cozypupper]

I had a conversation with cozypupper, not so long time ago. He knows his stuff.

Thanks Samoerai

 

[cozypupper]

Which company?
Direct billing? Or pay and claim and get reimbursed?

Manulife
Direct billing on partner hospitals
Reimburse on the the other hospitals inside your coverage area

 

[cozypupper]

Just like practically all Indonesians are (or want to be) real estate agents, you see a huge amount of insurance agents. It’s almost a national hobby*. I have like three people already in my family-in-law like that. You know them; the ones you see with their laptop in a Coffee Bean or Starbucks explaining something to some people.

The agents are rather bound to specific companies and -unlike a (car or house) insurance agent in Western Europe for instance- don’t offer many solutions from miscellaneous and multiple companies. Often they only have ties with the Prudential, MetLife, AIG c.s. which obviously they advice as single solution.

No bad word about the OP, I don‘t know the person, and (s)he could be very competent, but that is something to consider when you look into solutions. Esp. if they don’t tell you right away what company they represent and give the impression of being independent

*boutade

Lol very true jstar. Almost everyone is an agent now. Makes it harder to sort.

Confirm. Agents are non-independent, we're affiliated with one company only.

 

[cozypupper]

Quick comment on the direct billing

It's the same for all providers here on their individual health plans.
Everyone has direct billing partner hospitals (or "cashless" as they call it here), Indonesia and abroad.
Reimburse for the hospitals that are not in the list, but in your coverage area.
Usually the big name hospitals are in the direct billing / cashless list.

To access the list on each insurance provider's website, google it using the key word "rs rekanan" + your provider's name, or "rs rekanan cashless". Make sure it's the latest list that you get.

 

[cozypupper]

*To clarify: Same in the sense of what every provider calls "direct billing" or "cashless" applies on the partner hospitals only, and reimburse for the rest. Which hospitals are in the list can differ a bit, but most big hospitals are in the list.

 

[snpark]

I did due diligence ... pros and cons between Allianz, Prudential and ManuLife. The insurance I ended up with was Allianz (unit-link insurance, direct billing) which was offered to me by another agent.

Allianz definitely the best esp that unit linked one. Means in the future you can actually surrender it and get a small bit of cash back
Plus in my case the agent has excellent customer service and even meets her clients at the hospital to help with claims etc. That's why she gets so many referrals.

That's when you need the service, when you are claiming. They all pick up before you signed but not many pick up once the cheque is cashed

 

[jstar]

even meets her clients at the hospital to help with claims etc

How would that work abroad, I guess many go there for medical care?

 

[snpark]

How would that work abroad, I guess many go there for medical care?

Go where? Are you talking about a pre approved surgery? Or an accident?

 

[jstar]

Doesn’t really matter; I won‘t have any major surgery being done here. And I think I’m not the only one.

 

[cozypupper]

In case of surrendering unit-linked policy insurance, for any providers, remember to check the surrender charge, the earlier you surrender, the bigger your charge will be.
Usually there will be several years before you get to surrender free of charge.
It's all printed in your proposal and policy book.

About getting a bit of money at the time of surrender:
That's true you have the option to surrender, but how much money is left that's a guesstimate.
That's why "fund value" is always printed as "projection" or "assumption" in any proposal and policy book on most providers.
What you get is the amount in your fund value account at the time (not the projection), minus the surrender charge (if applicable).

"Fund value" is the amount left after deducted by:
1. the acquisition cost (for the first few years, varies from one provider to another),
2. cost of insurance (your life coverage cost),
3. cost of rider (your health plan, critical illness, etc),
4. cost of admin.
Those cost of insurance and rider will always increase annually, could be a small or big hike, many variables involved.

If you're already informed on how unit-linked policies work, and your benefits outweigh the disadvantages, then unit-linked policy could be the appropriate product for you.

 

[snpark]

That's why you ask for the surrender value NOT the fund value

 

[cozypupper]

That's why you ask for the surrender value NOT the fund value

Correct, which comes from fund value that factors in all the variables above.
That's how you get the surrender value.