If you’re a director or someone important to an organisation, it’s likely that you’ll receive medical and surgical benefits as part of your remuneration package and benefits. If you’re the business owner, it’s possible to cover the minimal medical costs on your own, or perhaps you could opt to use some of the business funds if you’re the sole proprietor. However, to give you better peace of mind, comfort and financial support amidst increasing healthcare costs, you should look into supplementing your existing insurance plan with HLA Major Medi Plus.
What is the product all about?
Hong Leong Assurance Major Medi Plus is an affordable, comprehensive medical and surgical plan that complements your emergency savings as well as your existing employer’s medical and surgical plan. This gives you the option to choose the appropriate protection level without duplication of coverage benefits.
This policy is suitable for professionals working in medium to large companies, and is available as a traditional standalone plan, or as a rider on top of a basic life insurance policy.
What are the benefits of this medical insurance?
Besides providing worldwide coverage, the advantages of HLA Major Medi Plus compared to the regular HLA Major Medi include hassle-free hospital admission and bill settlement procedures, as well as 24 hours’ customer service to look after your well-being.
While it may not be as affordable as the HLA Major Medi, the designated plan under this product, MM 1000 provides a higher amount of coverage, which is up to RM1,000 for Hospital Room and up to RM1,000 daily cash as a result of hospitalisation due to road accidents on a Malaysian highway, subject to terms and conditions.
Who is eligible to purchase this insurance policy?
Any Malaysian who is in the pink of health and aged between 1 month and 70 years old qualifies to be covered under this policy. Unless you’re planning to switch to another insurance service provider, you have the option of renewing your policy until you’re 99 years old. Please note that all applications are subject to underwriting approval.
The premiums will also depend on your risk profile and lifestyle, so for instance if you’re a smoker, the insurance premiums you pay might be higher than that of your peers who are non-smokers.
Other factors such as your medical history will also affect your insurance premiums, as well as whether or not the insurance company chooses to approve your application.
After signing up, would I be covered immediately?
Upon policy approval, your coverage will begin immediately for Hopitalisation and Surgery caused by accidents. For all other causes and incidences, the coverage will only start 30 days after the policy issued date.
What if I decide to change my mind after purchasing? Can I get a refund?
As long as you return the policy to Hong Leong Assurance within 15 days from the date of deliver of the policy, the full premium and applicable taxes will be refunded to you, minus any medical expenses incurred during the issuance of your policy.
Does the insurance premium qualify for tax relief?
This medical insurance policy may qualify you for personal tax relief, the amount of which depends on the final decision of the Inland Revenue Board or LHDN.