What is the Medic 101 then?
This is a medical insurance policy offered by MPI Generali, that caters not only to the young-ins of the world but its aging members as well. As such, the policy can be extended to as far as 101 years old, without there being a compromise to a person’s coverage. While it can be a stand-alone plan, this policy also works great with other MPI medical insurance plans if you have them.
What does it cover?
A great many things, is what it covers. Some of the major benefits of course include, medical and hospital expenses, like room and board, ICU facilities, surgical needs and use of hospital supplies and equipment. It does also cover certain per-hospitalization benefits like diagnosis tests and consultation fees if you are in need of a check-up, or just a bit of reassurance.
Following that, the coverage extends over some out-patient care perks, such as physiotherapy, cancer treatment, and kidney dialysis. You will also have access to home nursing care should you need it, especially for the after care of an organ transplant.
Who can apply for this policy?
One of the best things about this policy is that it is available to everyone. Individuals who want to apply for this plan need only be 18 years old to eligible. Parents can pick this policy up for their kids after they turn 30 days old, and can be extended to the age of 23 years should they still be studying.
As an individual, if you have signed up for this plan before your 65th birthday, then you may continue to extend it till you turn 101 years old.
How do the premiums work?
Well there are a total of 5 plans that come within the policy, each ranging differently in terms of premiums and annual limits. However, this also means that you get to pick the plan that presents the most affordable premium to you. Premiums for this policy are calculated on an annual basis, so that means you only have to make the payment once a year.
On the same note, to make the premiums cost less there is a RM10,000 deductible amount imposed on every policy year. So, keep that in mind when you go to make a claim, or register at the hospital.
Can I cancel my policy?
Any cancellation of your policy is entirely your choice, so the short answer is, yes. On that note, do keep in mind that there is a cooling period of 15 days, from the date you get your policy for you to test the waters so to speak. It is in this time period that you can cancel your policy and receive a refund on your premiums paid.
Therefore, if you decide to cancel your policy midway, you will not receive a full refund of your premiums. To make a cancellation you will need to notify MPI Generali in advance.