If you think that being covered under your company or employer’s insurance plan is sufficient, you might want to think again. Those who have experienced major surgery will tell you that the coverage given by your employer may not be enough, no thanks to escalating medical costs. A lot of patients suffering from illnesses or in need of major surgery find themselves in financial trouble after realising that the hospital bills are more than what they are able to claim from their employers.
What is the product all about?
Hong Leong Assurance Major Medi helps you to manage the additional expenses required in case of an emergency. This insurance policy is developed to assist you to pay additional medical costs that your own savings or benefits provided by your employer are insufficient to cover.
This policy is available as a traditional standalone plan, or as a rider on top of a basic whole life insurance policy.
What are the benefits of this medical insurance?
HLA Major Medi is a comprehensive Hospital and Surgical Insurance plan that offers you range of attractive benefits. You have 4 tiers to choose from and the premiums are charged based on your age.
Who is eligible to purchase this insurance policy?
Any Malaysian who is in good health and aged between 1 month and 70 years is eligible to be covered under this policy. You may renew your policy until you’re 99 years old. That being said, all applications are subject to underwriting approval, so it’s not guaranteed.
After signing up, would I be covered immediately?
Once your insurance policy has been approved, your coverage will begin immediately for Hopitalisation and Surgery caused by accidents. For all other causes, it 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?
If the policy has been issued and for any reason you decide to change your mind and not continue with the policy, you may return the policy to Hong Leong Assurance within 15 days from the date of delivery of the policy. You will be entitled to the refund of the full premium and applicable taxes paid, minus any medical expenses incurred during the issuance of your policy.
What will not be covered under this insurance policy?
This policy will not cover any pre-existing illnesses, or any illnesses that occurs within the first 120 days of the coverage.
Besides that, surgeries that are cosmetic in nature, purchases of prosthetics or artificial limbs, dental treatments, private nursing, sexually transmitted diseases (STD), pregnancy, childbirth and even erectile dysfunction are not covered.
Apart from that, as with any other health insurance, suicide is not covered.