Does Insurance Cover Cancer Treatment Malaysia? – According to the Malaysian Ministry of Statistics, the top three causes of death for Malaysians in 2021 are ischemic heart disease (17%), pneumonia (11.4%), cerebrovascular disease (8.3%) and malignant cancer of the trachea, bronchus and lung. (2.5%).
If you look closely, these 3 causes of death are related to disease and the numbers are increasing every year.
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Does Insurance Cover Cancer Treatment Malaysia?
In case you haven’t figured it out yet, Heart Disease doesn’t choose its victims, it preys on ANYONE. Here’s another scary fact: Indians had the highest mortality rate from the disease at 22.8%, followed by Bumiputera (16.6%) and Chinese (16%).
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This article aims to spread awareness about the importance of critical planning. Read on to learn more about coverage, benefits, features, and everything you need to know about critical health insurance.
Critical illness can be defined as a life-threatening medical or natural condition. In total, the insurance industry usually covers 36 critical illnesses, but a total of 42 critical illnesses are grouped as follows:
Note that these critical illnesses are moderate and high as this insurance plan is designed to provide financial backup for treatments once you are diagnosed with any of these illnesses.
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It is a natural instinct to seek affordable medical treatment as we do not want to incur debt to our family members.
While public hospitals offer cheaper medical treatment, private hospitals provide you with better quality services without waiting time.
You will need to factor in all costs and expenses of treatment for a specific critical illness, as the price tag differs between public and private healthcare providers.
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Here is a general idea of how much it costs to treat a critical illness between a public hospital and a private hospital:
For example, a Coronary Bypass operation in a private hospital can cost you RM80,000,000, while a public hospital will charge you RM4,000.
A critical illness plan with a guaranteed amount can focus on getting the best medical treatment provided by our healthcare providers.
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From personal lifestyle to social and environmental issues, there are direct and indirect causes of chronic disease.
Late diagnosis is common in Malaysia, with more than 60% of patients diagnosed with stage 3 or 4 large C.
As the saying goes: prevention is better than cure. Despite being diagnosed as a critical illness, people living in terminal stages have a life expectancy of 6 to 12 months.
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This insurance plan provides financial support for all medical expenses and expenses after you fall ill with a critical illness.
Unlike life insurance and medical cards, health insurance pays out once upon a claim to focus on treatment and recovery.
Compared to marketing materials, it is impossible to understand the nature of this product because the information is usually condensed and concise.
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All critical illness insurance plans cover terminal illness (see list of 42 critical illnesses above). A primary entry can be anywhere from 5 to 150 severities, depending on the writer’s preference.
This section highlights the unique selling points of a health insurance plan. Now that you are aware of the types of critical illnesses covered, you now want to know how much you will be paid when you claim for any of these events.
This is the amount provided in the critical illness insurance plan. The higher the guaranteed principal amount, the higher the premium.
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This is part of the premium you will get from this insurance plan after your critical illness.
This is a part of the premium on top of the premium that you will get from this insurance plan after you are diagnosed with a certain critical illness as specified by the insurer.
The additional benefits you will get from this insurance plan eg. 10% claim bonus up to 5 years or Second Medical Opinion etc.
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Exceptions are the provisions of the Critical Illness Plan. Important rules to consider when buying a health insurance plan:
This is the period to follow after the policy has started. Claims are not allowed during this period which will be rejected by the promoter.
Standard market practice suggests a 30-day wait for 36 critical illnesses and a 90-day wait for particularly critical illnesses. The best part is that there are products that offer zero waiting period after policy initiation and between claims.
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This is the length of time you have to survive before you can make a claim for a diagnosed critical illness.
As per the terms and conditions of the product, the beneficiary may or may not withdraw the sum assured if this term is not extended.
For term plan, the premium is guaranteed at the time of entry into the policy and will increase according to the respective age group.
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The Insurer reserves the right to revise the premium rate as they see fit and must notify you within 90 days of the revision.
People have unique preferences when it comes to financial planning. By understanding the type of critical illness plan, you can make the right purchase.
This is the most common insurance plan required when diagnosed with any of the common diseases. The environmental period is usually short and is canceled after the claim is made.
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This is a rider plan added to your investment related policy. Once you are diagnosed with any of the critical illnesses, you will be paid a lump sum under this rider while the main policy is in force.
Over time, the value of the policy will grow as it is used to cover investment and insurance costs.
You have reached the most difficult part of this insurance plan. A critical illness claim is very simple, but there are no conditions. Let’s take a look at the details:
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This requirement prevails in conventional critical illness plans. You can claim a single critical illness after diagnosis, which will void the policy.
If the plan covers the same critical illness you are diagnosed with and you have a medical history of that illness, you can make multiple claims for the same illness.
There are multiple critical illness plans available to suit your budget and needs. For more information, compare and apply for early critical illness plans.
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If you’re a woman and you’re concerned about your women’s health, check out our best women’s critical illness plans.
Your critical illness plan’s total payment can be used not only to cover medical expenses, but also for other costs incurred during your hospital stay.
If you want to get additional financial protection to cover your hospitalization expenses, you can check out our best medical card insurance plans. Compare and apply now! Five Best Insurance Plans for Lung Cancer Treatment in Malaysia Lung cancer is the most common cancer in Malaysia. Getting a critical insurance plan for your loved one with cancer can help cover treatments and surgeries. Find the best healthcare plans in Malaysia including medical cards that can cover hospital bills.
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Lung cancer occurs when cells inside the lungs begin to multiply uncontrollably. These cells are called cancerous cells and can eventually spread to other parts of the body.
Lung cancer can start in any part of the respiratory system; this includes the trachea (windpipe), lung airways, and lung tissue. Lung cancer accounts for 10 percent of all cancers in Malaysia; 90 percent of lung cancers are called stage 3 or 4 lung cancer.
Your lungs are an important part of your respiratory system. Your breast is made up of two organs; the left lung is smaller than the right because the heart takes up more space on the left side. The lungs work to take in oxygen when you breathe in and expel carbon dioxide when you breathe out.
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Smokers have a higher risk of developing lung cancer, but secondhand smoke can increase the risk even in nonsmokers. Early symptoms may seem mild at first, like coughing and shortness of breath. More severe symptoms may develop gradually over time, such as unexplained fatigue, coughing up blood, or a very persistent cough.
If something seems wrong, it should be checked immediately. Early detection is important to catch cancer early and treat it before it gets worse. The sooner you treat it, the better your chances of getting rid of the cancer completely.
The first step is always a complete physical examination, as well as a record of your current health status. Your doctor will ask you various questions about your general health, which will help narrow down your condition. Additional tests may be required to obtain it
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