Sunday, May 22, 2011
Sunday, May 15, 2011
Standard operating procedure for hospitals
CF = Claim Form
APS = Attending Physician Statement
Standard operating procedure for panel hospitals
Standard operating procedure for non-panel hospitals
APS = Attending Physician Statement
Standard operating procedure for panel hospitals
Standard operating procedure for non-panel hospitals
Tuesday, May 3, 2011
Smart Early Payout Critical Care
Smart Early Payout Critical Care
Smart Early Payout Critical Care is designed with you in mind. It’s a unique investment-linked insurance rider, which pays upon early diagnosis of a critical illness, not when the illness has become more severe – as with most insurance plans. Smart Early Payout Critical Care gives you the early payout protection you need so that you can focus on treatment and recovery.
Early Payout, Finances Saved
When your life threatens to come to a halt, you need to bounce back fast. With early payouts to provide for early treatments, you won’t have to put off your other life plans should a critical illness occur. More importantly, you do not have to be financially burdened. The lump sum paid may be used at your discretion – choose to use it for medical treatments or therapy, medication or even to settle financial commitments. With the advantage of early financial support from Smart Early Payout Critical Care, you can focus solely on treatment and recovery so that you can get back on your feet again.
Multiple Claims Across Multiple Critical Illnesses
The most thoughtful thing is, Smart Early Payout Critical Care allows for multiple claims for different critical illnesses or across severity levels within the same critical illness. Furthermore, you will not have to wait in between submission of claims should your condition deteriorate to a more advanced stage. There are no limits to the number of critical illness conditions that you can claim against, as long as the pre-defined conditions are fulfilled and the sum of claim payouts are within the rider’s sum assured limit.
Added Protection with Unique Buy Back Option
Usually, if a critical illness claim is made, it will be difficult to obtain new insurance cover, depriving your loved ones of financial aid should anything unforeseen happen to you. The good news is, Smart Early Payout Critical Care comes with a unique Buy Back option to give your loved ones the extra financial protection at the time they may need it most. With this option, you can buy back the death benefit from selected insurance plan offered by the Company, up to the maximum sum assured of the rider. This means that you’re still covered even after a full payout of critical illness claims has been made under Smart Early Payout Critical Care.
Smart Early Payout Critical Care offers coverage for critical illnesses of various severity levels, which are classified into 3 categories:
An example of how it works:
A 30-year old male is covered by Smart Early Payout Critical Care with a sum assured of RM300,000. He is diagnosed with early stage cancer at Severity 25 and he makes a claim. Six months later, he suffers a heart attack at Severity 25 and another claim is made. Two months after the second claim is made, he suffers a heart attack at Severity 50 and makes a claim. Since the three claims did not reach the full sum assured, he will continue to be protected. If his condition deteriorates, he can make further claims on the remaining sum assured.
Frequently Asked Questions
Q : Who can apply?
A : Anyone between 30 days attained age and 65 years next birthday can purchase Smart Early Payout Critical Care, which will be attached to their regular premium investment-linked insurance plan.
Q : How much premium do I have to pay?
A : No additional premium is required to enjoy the coverage. However, the insurance charge will be deducted from the total investment value of your policy on a monthly basis.
Q : Under what circumstances will Smart Early Payout Critical Care be terminated?
A : This rider will be terminated on the death of the Life Assured, or on the policy anniversary on which the Life Assured’s age is 70 years next birthday, or expiry date, or once the sum assured for this rider is fully paid out, or upon termination of the Critical Illness Benefit Rider,
or when the policy is lapsed, surrendered or terminated, whichever comes first.
Q : What are some of the exclusions for this rider?
A : No benefits will be payable under the following circumstances:
- Pre-existing Illness
- Any covered critical illness which commenced, occurred or diagnosed during the waiting period of 30 days or 60 days, depending on the type of critical illness (except for Cancer with Severity 25 and Severity 50 where a 120 days waiting period shall apply), from the Risk Effective Date or from the date of any reinstatement of this rider or the policy, whichever is the latest.
Q : What are the minimum and maximum sums assured?
A : The minimum sum assured is RM12,000 and the maximum sum assured is RM1,000,000.
Important Notices
Smart Early Payout Critical Care is a unit deduction rider attachable to selected regular premium investment-linked insurance plans and must be attached together with Critical Illness Benefit Rider. Upon payment of any benefits under Smart Early Payout Critical Care, the rider will accelerate the sum assured of the Critical Illness Benefit Rider, which in turn will also accelerate the sum assured of the investment-linked insurance plan. This is an insurance product that is tied to the performance of the underlying assets, and is not a pure investment product such as unit trust.
The insurance charge to be imposed will be deducted from the total investment value of your policy on a monthly basis. You may stop paying premiums under the policy and still enjoy protection as long as there is sufficient total investment value to pay for the insurance charge. However, there is a possibility of the policy lapsing when the required charges, including rider charges exceed the total investment value of the fund units available. Purchasing too many unit deduction riders may deplete the fund units.
You should satisfy yourself that this rider best serves your needs and that the premium payable under the policy is an amount you can afford. A free-look period of 15 days is given for policy owner to review the suitability of the newly purchased Medical and Health Insurance product (MHI). If the rider is cancelled during this period, the policy owner is entitled to the reinstatement of the units deducted for the payment of insurance charge after net of expenses incurred for the medical examination, if any. If you switch-over your Medical Policy/Rider from one company to another or if you exchange your current Medical Policy/Rider with another policy within the same company, you may be required to submit an application where acceptance of your proposal will be subjected to the Terms and Conditions to be imposed at the time of Policy/Rider switching or replacement.
Smart Early Payout Critical Care is designed with you in mind. It’s a unique investment-linked insurance rider, which pays upon early diagnosis of a critical illness, not when the illness has become more severe – as with most insurance plans. Smart Early Payout Critical Care gives you the early payout protection you need so that you can focus on treatment and recovery.
Early Payout, Finances Saved
When your life threatens to come to a halt, you need to bounce back fast. With early payouts to provide for early treatments, you won’t have to put off your other life plans should a critical illness occur. More importantly, you do not have to be financially burdened. The lump sum paid may be used at your discretion – choose to use it for medical treatments or therapy, medication or even to settle financial commitments. With the advantage of early financial support from Smart Early Payout Critical Care, you can focus solely on treatment and recovery so that you can get back on your feet again.
Multiple Claims Across Multiple Critical Illnesses
The most thoughtful thing is, Smart Early Payout Critical Care allows for multiple claims for different critical illnesses or across severity levels within the same critical illness. Furthermore, you will not have to wait in between submission of claims should your condition deteriorate to a more advanced stage. There are no limits to the number of critical illness conditions that you can claim against, as long as the pre-defined conditions are fulfilled and the sum of claim payouts are within the rider’s sum assured limit.
Added Protection with Unique Buy Back Option
Usually, if a critical illness claim is made, it will be difficult to obtain new insurance cover, depriving your loved ones of financial aid should anything unforeseen happen to you. The good news is, Smart Early Payout Critical Care comes with a unique Buy Back option to give your loved ones the extra financial protection at the time they may need it most. With this option, you can buy back the death benefit from selected insurance plan offered by the Company, up to the maximum sum assured of the rider. This means that you’re still covered even after a full payout of critical illness claims has been made under Smart Early Payout Critical Care.
Smart Early Payout Critical Care offers coverage for critical illnesses of various severity levels, which are classified into 3 categories:
An example of how it works:
A 30-year old male is covered by Smart Early Payout Critical Care with a sum assured of RM300,000. He is diagnosed with early stage cancer at Severity 25 and he makes a claim. Six months later, he suffers a heart attack at Severity 25 and another claim is made. Two months after the second claim is made, he suffers a heart attack at Severity 50 and makes a claim. Since the three claims did not reach the full sum assured, he will continue to be protected. If his condition deteriorates, he can make further claims on the remaining sum assured.
Frequently Asked Questions
Q : Who can apply?
A : Anyone between 30 days attained age and 65 years next birthday can purchase Smart Early Payout Critical Care, which will be attached to their regular premium investment-linked insurance plan.
Q : How much premium do I have to pay?
A : No additional premium is required to enjoy the coverage. However, the insurance charge will be deducted from the total investment value of your policy on a monthly basis.
Q : Under what circumstances will Smart Early Payout Critical Care be terminated?
A : This rider will be terminated on the death of the Life Assured, or on the policy anniversary on which the Life Assured’s age is 70 years next birthday, or expiry date, or once the sum assured for this rider is fully paid out, or upon termination of the Critical Illness Benefit Rider,
or when the policy is lapsed, surrendered or terminated, whichever comes first.
Q : What are some of the exclusions for this rider?
A : No benefits will be payable under the following circumstances:
- Pre-existing Illness
- Any covered critical illness which commenced, occurred or diagnosed during the waiting period of 30 days or 60 days, depending on the type of critical illness (except for Cancer with Severity 25 and Severity 50 where a 120 days waiting period shall apply), from the Risk Effective Date or from the date of any reinstatement of this rider or the policy, whichever is the latest.
Q : What are the minimum and maximum sums assured?
A : The minimum sum assured is RM12,000 and the maximum sum assured is RM1,000,000.
Important Notices
Smart Early Payout Critical Care is a unit deduction rider attachable to selected regular premium investment-linked insurance plans and must be attached together with Critical Illness Benefit Rider. Upon payment of any benefits under Smart Early Payout Critical Care, the rider will accelerate the sum assured of the Critical Illness Benefit Rider, which in turn will also accelerate the sum assured of the investment-linked insurance plan. This is an insurance product that is tied to the performance of the underlying assets, and is not a pure investment product such as unit trust.
The insurance charge to be imposed will be deducted from the total investment value of your policy on a monthly basis. You may stop paying premiums under the policy and still enjoy protection as long as there is sufficient total investment value to pay for the insurance charge. However, there is a possibility of the policy lapsing when the required charges, including rider charges exceed the total investment value of the fund units available. Purchasing too many unit deduction riders may deplete the fund units.
You should satisfy yourself that this rider best serves your needs and that the premium payable under the policy is an amount you can afford. A free-look period of 15 days is given for policy owner to review the suitability of the newly purchased Medical and Health Insurance product (MHI). If the rider is cancelled during this period, the policy owner is entitled to the reinstatement of the units deducted for the payment of insurance charge after net of expenses incurred for the medical examination, if any. If you switch-over your Medical Policy/Rider from one company to another or if you exchange your current Medical Policy/Rider with another policy within the same company, you may be required to submit an application where acceptance of your proposal will be subjected to the Terms and Conditions to be imposed at the time of Policy/Rider switching or replacement.
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