Naufal Ramli asked 5 years ago
Hi, I got one proposal from Hong Leong MSIG Takaful and found the plan is suit for me. But my concern is upon checking the PDS at page 19 and 20, I discover some misleading information about the rider attached in this plan. It mentioned that deductible per rider year for Million Extra-i Rider equivalent to initial overall annual limit per rider year. It is means if I select Plan 200, I need to fork out 120k from my pocket if my single claim between 120k-1.12m or if my claim below 120k, I need to bare all the charges and fee? My agent advised that my plan have no deductible as she select set 1 means 0 deductible. I really need your expertise to explain me on this matter since HLM agent unable to give clear explaination to me.
ERIKA Staff answered 5 years ago
Naufal, the deductible rider is an add on the the first rider.
Naufal Ramli
replied 5 years ago What does it mean actually? Can you give some situations? I am confuse about this. Let say my first claim is 180k, means all the claim is payable as the deductible rider already absorb 120k l from first rider limit. For subsequent claims, I need to bare 120k deductible as the first rider limit already been used to absorb previous claim? Is it correct my understanding?
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