Optional Premium WaiverWhat is Gibraltar BSN GoXtra Care?
The GoXtra Care by Gibraltar BSN is a regular premium non-participating term medical plan that offers comprehensive coverage for over 150 critical illness conditions upon diagnosis. From Early, Intermediate and Advanced Stages, get as much financial support as needed with GoXtra Care as you take your time to recover.
GoXtra Care comes with a minimum sum assured of RM40,000 up to a maximum of RM2 million and the coverage term is up to 80 years old—which is quite the bargain considering this is a comprehensive critical care plan.
However, while it is always better to opt for the highest sum assured amount, it is usually not the case if you ended up wasting a lot of money on the premium payable for coverage that you don’t actually need. Therefore, you should think through how much sum assured you need by taking into account your overall health condition, lifestyle, budget as well as needs and preferences.
What are the benefits of this medical plan?
It is an undeniable fact that almost all the treatments for critical illnesses such as heart disease, head trauma, stroke and the list go on; can cost a fortune.
Hence, this is where a critical care plan like GoXtra Care can assist you in the event you face any unfortunate illness in the near future. By signing up for GoXtra Care, you are able to receive the benefits listed below.
- Early, Intermediate and Advanced Stages of Critical Illness Care
Yes, you read it right. GoXtra Care can cover you in these three stages upon diagnosis of any applicable illness listed in this policy’s Product Disclosure Sheet. The payable sum assured is as follows.
Early Stage: 50% of the sum assured, capped at RM200,000 or whichever is lower and on a per-person basis
Intermediate Stage: 100% of the sum assured, capped at RM500,000 or whichever is lower on a per-person basis
Advanced Stage: 100% of the sum assured, except for full-blown AIDS of which 50% of the sum assured will be payable
- Death Benefit
If the Life Insured is deceased, all the premiums paid will be payable to your loved ones, without interest and provided there isn’t any indebtedness.
- Coverage Reset Benefit
The Life Insured can enjoy this benefit whereby their coverage amount i.e. sum assured would be reset to 100% should there aren’t any claims made within 12 months after the first Early Stage critical illness claim.
- Optional Premium Waiver
This is a premium rider called Gibraltar BSN Living Extra in which your premium payments will be taken care of once you’ve been diagnosed with one of the covered Advanced Stage critical illnesses. This way, you can solely focus on your recovery. You can find more details about this rider here and it is fully optional.
Special Condition Benefit
Apart from the medical benefits shown above, you as the policyholder can also receive a Special Condition Benefit with GoXtra Care whereby 10% of your chosen coverage amount (capped at RM20,000) will be payable to help you recover, upon diagnosis requiring Angioplasty and Other Invasive Treatments for Coronary Artery Disease, Diabetes Complication or Mental Illnesses. For a full list of applicable special conditions, you can find them in the PDS.
What are the eligibility criteria to apply for GoXtra Care?
Anyone between the age of 18 years to 60 years is eligible to purchase Gibraltar BSN GoXtra Care. However, individuals with pre-existing illnesses are not eligible to apply for this critical care medical plan. Check for other major exclusions of this policy in the PDS.
Is it possible to cancel my policy?
Yes. Upon receiving your policy contract, you will have a free-look period of 15 days to make sure it fits your needs or budget. Otherwise, you may return the policy contract within the said period to Gibraltar BSN. Thereafter, it will be considered void and no longer work. Please read through the PDS for more information.
