We shared some tips on choosing a top-up medical plan in the last issue. In this issue, here are more useful tips to consider when looking to improve your medical insurance cover:

Can customers change the selected plan and deductible amount at renewal? Is there any age restriction on change of plan and deductible?
MSIG’s MediSure Plus enables customers to upgrade or downgrade the plan level at policy renewal. Upgrade of plan is subject to an underwriting review. Customers are required to re-declare their health condition for assessment. There is no age restriction on the change of plan and deductible. Customers may change their selected plan and deductible anytime they want at renewal.

Can a customer keep their plan when he/she retires or leaves the company?
Customers can still keep MSIG’s MediSure Plus when they retire or leave the company. In either event, they can remove the deductible option and resume full cover at renewal.

Is there any lifelong guaranteed renewal of the top-up medical plan?
MSIG’s MediSure Plus offers lifelong medical and hospitalisation cover with guaranteed renewal*.

Is there a range of deductible amounts to choose from?
MSIG’s MediSure Plus offers 5 annual aggregate deductible amount^ options for selection, ranging from HK$10,000 to HK$120,000. The higher the aggregate deductible amount a customer chooses, the higher the premium discount they could enjoy, up to a maximum of 65%.

As the age limit for enrolment in a medical insurance plan for most insurance companies is below age 60, it is advisable to take out a medical plan before retirement. In addition, as the chances of having “pre-existing conditions” which are normally excluded from a medical insurance policy may increase when customers get older, it is always more beneficial to take out medical insurance at a younger age when one’s health condition is better.

* Critical Illness Benefit will be in effect until the age of 65.

^ The annual aggregate deductible amount applies to core cover only. All other benefits remain unchanged.

Learn more about our insurance plans:
CriticalCare 1.0
MediSure Plus
HospitalCare