1. Analyze the Great Eastern SmartMedic 200 that I am interested in buying the insurance policy.

The Great Eastern SmartMedic 200 medical insurance policy is a health plan that offers financial
security to me when I need it most and succumb to a sickness or injury. This policy will be able to insure me
against my hospitalisation and surgical expenses, including post-hospitalisation expenses.

Furthermore, the Great Eastern SmartMedic 200 medical insurance policy also is the comprehensive
medical rider for investment linked insurance plans. With it, I have medical protection to cushion the effects
of unexpected medical emergencies. By offering comprehensive coverage for hospitalisation, surgical
expenses and much more, SmartMedic 200 will help to safeguard my health, while bringing me for greater
financial security too. I am interested in buying this medical insurance policy because it have high overall
annual and lifetime limits, comprehensive medical benefits, annual limit increments, accidental death
benefit, daily-cash allowance for hospitalisation at Malaysian Government Hospital, protection till 80 years
next birthday and international emergency medical assistance service and the others.

Besides, SmartMedic 200 medical insurance gives me the comprehensive medical protection to guard
against financial difficulties in times of medical emergencies. Key benefits include hassle-free hospital
admission, pre-hospitalisation and post-hospitalisation treatments, Outpatient Cancer Treatment,
Outpatient Kidney Dialysis Treatment, Intensive Care Unit (ICU) and surgical expenses benefits. I will also
have better peace of mind with the Emergency Accidental Outpatient Treatment and Day Surgery benefits
that come with this plan.

Moreover, I will get policy annual limit increments by staying healthy in the Great Eastern Smart Medic
200 medical insurance. Through the Great Eastern SmartMedic 200 medical insurance, I will be entitled to
an increase to my overall Annual Limit at the end of every 3 policy years provided that no claim has been
made during the immediate preceding 3 policy years. This will help protect me against rising medical costs.

In addition, I am interested in the Great Eastern Smart Medic 200 medical insurance policy due to it
has accidental Death Benefit adds to my protection. My loved ones will receive an accidental death benefit
of up to RM20, 000 which will be payable, in the event of accidental death. It also has daily cash benefit to
aid recovery. I have even less need to worry about the medical expenses in the case of hospitalisation at a
Malaysian Government Hospital. This plan pays me a daily cash benefit of RM50 per day for up to 120
days per policy year. This policy also got my protection can count on till I am 80 years next birthday. With
SmartMedic 200 medical insurance policy, I can be medically protected till I am 80 years next birthday,
ensuring that I am better prepared to cope with any unforeseen circumstances even in my golden years.

Then, this above medical insurance policy has greater assurance when I travel the world. When I travel
abroad for a vacation or on business, I can be rest assured that I am protected with Supreme Assist, an
emergency assistance service for medical and travel assistance anywhere in the world. I no need pay the
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.

Last but not least, if I am the sole breadwinner for the household, the Great Eastern Smart Medic 200
might just be the plan that I need. My loved one will receive a high one lump sum payment, depending on
the selected plan, upon my death.

2. Compare the features of this product with ANOTHER similar product offered by a different
insurer.
This table is show the comparison of the features between the product of Great Eastern Smart Medic
200 offered by Great Eastern and the product of Allianz MediCover Plan 200 offered by Allianz.

Insurers
Schedule of Benefits
Type of medical plan
Room rate
Room & Board (R & B) (days)
ICU (days)
Pre-hospitalization Treatment
(days)
Post-hospitalization Treatment
(days)
Emergency Accidental Outpatient Limit
Emergency Accidental Outpatient (days)

Home Nursing Care

Great Eastern

Allianz

Great Easterm Smart Medic 200

Allianz MediCover Plan 200

ILP only

ILP only

RM 200

RM 200

180 days (shared bet. R & B and

ICU)

150 days / disability

180 days (shared bet. R & B and

ICU)

50 days /confinement

60 days

31 days

90 days

60 days

RM 4,000

RM 2,000

30 days

30 days

----------

180 days / lifetime.

As charged.
Subject to reasonable charges

Kidney Dialysis
Cancer Treatment

Miscellaneous

As charged. Subject to
coinsurance.

As charged.
Subject to reasonable charges.

As charged. Subject to
coinsurance.

As charged.
Subject to reasonable charges.

Organ transplant subject to

annual limit.
No claims bonus (increment of
annual limit)

-----------

RM120,000

RM100,000

RM1,200,000

RM1,000,000

Annual Limit
Lifetime Limit

10%. Maximum RM500.

20% co-insurance with no
maximum cap for plan SM100 &
SM150 if exceed room & board

Coinsurance

20% co-insurance with maximum

of RM3,000 for plan
SM200/300/400 if exceed room
& board

No co-insurance

RM 498

RM 414.70*

Premium

This above table is to compare some of the main features of the product of Great Eastern Smart
Medic 200 offered by Great Eastern and the product of Allianz MediCover Plan 200 offered by Allianz in the
leading life insurance companies in Malaysia.
Based from the table above, here's what I will get from the two different products from the two
different insurers which is mentioned from the comparison table above, the boxes highlighted in yellow are
the advantages of the features of each medical insurance policy if compared to the same feature of
competitor medical insurance policy.

As I can see, every medical insurance policy has similar features with differentiating amount of
coverage. It is important to note that there is no such thing as the "best" medical insurance policy in the
market, but rather the "most suitable" medical insurance policy for you. When I mention the "most suitable"
medical card, I mean that the coverage offered is within your comfortable zone and within your budget.

3. Based on your analysis, which product will be more attractive? Which one will you buy? Explain
your reason (try to evaluate from all aspects of insurance)

Based on my analysis, I tend to focus on features like the number of days covered for room &
board and ICU, kidney dialysis and cancer treatment coverage, high annual limit, and as well as the coinsurance and annual premium paid. The reason why I exclude high lifetime limit as a selection criteria is
because I believe that if I have any terminal disease such as cancer, it is quite unlikely that I will survive for
a long period to fully utilize all lifetime limit. For example, if I spend RM100, 000 to cure my cancer for the
first time and after a few years, the cancer relapse and I need spend another RM100, 000 to treat the
relapse. It is quite unlikely that I will survive a few rounds of cancer relapse to fully utilize my RM1
million lifetime limit. That's why I always think that RM 1 million lifetime limit is more of a marketing gimmick
to me!

In my opinion, the best value medical insurance policy is Allianz MediCover Plan 200 since it offers
reasonably high coverage at the lowest premium. However, please note lower premium now does not mean

that the premium will not rise. People tend to abuse their medical cards to treat minor sickness/diseases,
and such claim cases will increase the premium in the future.

Therefore, finally I think that the Great Eastern Smart Medic 200 medical insurance policy more
attractive and I will buy it because it is the most complete and balanced for me. It offers one of the higher
coverage package in terms of annual limit, treatment days for pre and post hospitalization, and cancer /
kidney dialysis treatment at a very reasonable premium (second lowest premium). Another plus point for
GE Smart Medic 200 medical insurance policy is it is no claims bonus in increment of annual limit every 3
years. This will come in handy in the later years since medical inflation is very much higher (probably
around 15%) as compared to the national inflation rate.

Last but not least, for most medical insurance policy, you will see clauses such as "claims as per
reasonable charges", which is sort of vague to me. For me, all charges charged to me are reasonable as
long as the insurance company pays for it, but from the insurance company standpoint, my view might not
be valid. If the reasonable charges as determined by insurance companies are much lower than the
charges incurred, you will have to fork out extra! Therefore, you need to be aware of such clauses in the
fine print and be comfortable with it before signing up the medical insurance policy.

References:Allianz. (2015). Retrieved from Allianz Product: https://www.allianz.com.my/web/cqd/10006/M

iMoney.my. (2010-2015). Retrieved from Great Eastern Medical Insurance SmartMedic Plan:
https://www.imoney.my/medical-insurance/great-eastern-medical-insurance/smartmedic-plan
Ringgit Plus. (2015). Retrieved from Great Eastern Smart Medic: https://ringgitplus.com/en/healthinsurance/medical-card/Great-Eastern-Smart-Medic.html