I just bought my first health insurance more than a week ago. So I’m going to do an AXA eMedic review.
Actually, my wife has been bugging me to do some research about the best medical card in Malaysia since forever. After searching back and forth, I went with the AXA eMedic insurance plan.
Disclaimer: I’m not affiliated with AXA AFFIN LIFE INSURANCE in any way. I don’t get any commission from this article.
Why I decided to buy a medical card in Malaysia
I’m not the type of person that thinks too much about insurance until after I’ve started working in healthcare. I came to realise the importance of it, and how much the younger generation are pretty clueless when it comes to healthcare.
The reason I chose to buy a medical card for myself is simple – I work in the system, and I’ve seen how bad it can get. Don’t get me wrong, Malaysia’s public healthcare system is one of the top in the world (seriously, don’t take my word for it, Google it yourself).
The problem with a good public-funded system is: you get quality healthcare at almost zero cost, but the waiting time is horrendous.
That’s why, I’d willingly advocate buying medical card in Malaysia for those that can afford it. A medical card or medical insurance entitles you to access the private healthcare system and avoid the long waiting times inherent in the public healthcare system. Plus, it takes the pressure off our system and give it to those who really need it i.e. the hardcore poor.
I’m blessed enough to be able to earn enough to buy a medical card. BUT that shouldn’t stop you from getting an affordable health insurance as soon as you can, even when you’ve just started working.
It all boils down to what I want – peace of mind. Having an affordable medical card gives me coverage for private hospital admission, which is really costly. Do bear in mind I’m talking mostly about emergencies and surgical operations, NOT the usual simple clinic visits for flu etc.
So the key point for us is:
Protection that gives peace of mind at an affordable price (up until a certain time in the future)
AXA eMedic Review
Let’s get to the meat of the subject for this AXA eMedic review.
AXA eMedic is a fuss-free way to get protected easily in a few simple steps. It’s completely online, meaning no forms to fill, no face-to-face meetings with a rep and no tedious processes.
I signed up for it online using PolicyStreet – amazing local Malaysian fintech company, go check them out.
The whole signup process was done in 5 minutes. They will ask you to fill up some simple information then instantly quote you a premium (price you’re going to pay). Then proceed to pay and voila, it’s done.
I got my policy a week after I signed up via email.
Key features of the AXA eMedic
- No lifetime limit
- Coverage up to RM100,000 annually
- Room and board RM250 daily
- No medical checkup needed
- No need pay upfront cash first during hospital admission
- Wide coverage of panel hospital
- 5% discount for family plan – meaning both me and my wife is covered!
What is covered under AXA eMedic
- Pre- and post-hospitalization consultation, diagnostics and physiotherapy
- Intensive Care Unit (ICU)
- X-ray and MRI scans
- Treatment and Surgery
- Prescription drugs(medicine)
- Room & Board
The list above is not comprehensive, you should definitely read their factsheet yourself before buying.
What I like about AXA eMedic
This AXA eMedic review wouldn’t be complete without discussing what I like most about the plan.
Cost is still one of the big issue when I was first looking for insurance. The premium for full-fledged life insurance with medical rider can easily set you back RM300 monthly.
AXA eMedic costs only RM100 monthly for both me and my wife. This is really affordable for a vast majority of people.
They offer coverage for family, meaning you and your partner can get the insurance plan under 1 single policy. That’s really convenient for me, since I can settle it and give a bit more peach of mind to my other half.
They even offer a 5% discount for renewal, so that’s definitely going to keep me happy. Plus, my intention was to get some basic protection for the next 5 years of my life anyway, so it fits into my plan perfectly.
Fully Online Process
I’m a huge advocate of using technology to make things efficient. In this aspect, AXA Affin nailed it down perfectly. Everything is super smooth and everything can be settled online. I didn’t even have to talk to anyone.
What I Dislike About Axa eMedic
Low annual limit
Annual coverage is only up until RM100,000, which is not low, but not that high either. Medical costs keep escalating nowadays, so in 5 years’ time, RM100,000 is not going to be enough. A simple appendectomy can set you back more than RM10,000 nowadays. It’s definitely going to be a lot more. A heart surgery is easily RM30,000 – RM50,000 already now.
The cost alone can induce heart attack.
Concluding Thoughts About AXA eMedic
There goes my AXA eMedic review. It’s not perfect, but as a beginner medical card goes, it ticks all the right boxes. It’s not the Mercedes Benz of medical card, neither is it a kapcai moto. It’s more like a Proton Persona – really affordable for the masses and gets you where you need to go in relative comfort.
It has quite a comprehensive coverage at this price point. In the end, what’s important is to get an insurance cover that fits your needs. Remember, it’s all about protection at the right cost. At least, that’s my philosophy.
Check out my other article on medical indemnity insurance if you’re a doctor.