Viewing Health Insurance
ALLIANZ Insurance
Allianz's total annual health insurance premium is around USD788.53 for hospitalization. And interestingly, the limit of hospitalization in the room for USD52.57 to 180 days a year. This is the highest compared to the others.
However, Allianz applies a limit per treatment that varies depending on the type of treatment. Meanwhile, the total limit for a year for combined treatments does not exist.
AXA Health Insurance
AXA health insurance has a total annual premium of 888.34 US dollars for hospitalization. Although more expensive than others, AXA Insurance does not apply a limit per treatment. Treatment is paid according to the receipt from the Hospital. Only the combined treatment limit is limited, amounting to 5607.33 US dollars in a year.
There is a combined total annual limit of USD 17522.9 per person. Hospitalization with rooms for USD 52.57 per day maximum only 60 days a year. It's less than Allianz.
The AXA health insurance discussed in this paper is provided by AXA General Insurance, not by AXA Mandiri Financial Services.
AXA Group is one of the largest insurance and asset management companies in the world.
AXA Asuransi provides general insurance coverage, namely insurance for homes and their contents, vehicles, travel, as well as health and personal accidents for individuals and families.
One of AXA Insurance's innovations in 2019 was buying insurance online. You go to the AXA Insurance website and can purchase insurance online.
Not only purchasing insurance, but the AXA insurance website also provides online claim facilities. The method and document requirements for making a claim are described in full in the online claim procedure.
AXA insurance products sold online are as follows:
Health Insurance. AXA Hospital Plus Life which is a health and life insurance, can be submitted online. This product provides benefits for reimbursement of hospitalization costs and bereavement compensation as well as a 100% premium return benefit in the good 12th year.
Life insurance. AXA LIFE & SAVE is a life insurance product that provides protection to customers in the form of Death Benefit and Benefit if the Insured remains alive until the end of the protection period.
Car insurance. AXA SmartDrive protects vehicles with comprehensive vehicle insurance and broad benefits.
Travel Insurance. AXA SmartTraveller is online travel insurance that covers Travel Delays; Protection of Baggage and Personal Property, and Travel Reduction. AXA travel insurance Indonesia is required, one of which, as a condition for applying for a European Schengen visa.
Purchasing insurance online has several advantages, namely:
First, there is no need to meet an insurance agent's sales because, for some people, the relationship with the agent is not pleasant. Therefore, for those of you who are interested in buying insurance but don't want to get in touch with agents, buying insurance online can be the solution.
Second, buying online is not limited by time and place. You can do it anytime, and you don't have to make an appointment at a certain place and time.
Digital insurance helps people who may have limited access to insurance products so far. We understand that insurance penetration is still in Java, while the need for insurance protection exists throughout Indonesia.
Third, the opportunity to get cheap premiums because online, you can compare insurance premiums between one product and another easily, without having to go to insurance companies one by one.
Fourth, in online purchases, you get access to product reviews. You can read reviews of insurance products from people who have previously applied for these products.
CIGNA Insurance
Cigna Asuransi is a life insurance company registered and supervised by the Financial Services Authority (OJK), founded in 1990 and a subsidiary of Cigna Corporation from the United States.
At the end of 2017, Cigna Indonesia Insurance had a solvency ratio or RBC (Risk-Based Capital) of 784% above the government regulation of 120%.
Cigna has family health insurance, namely Family EaziCare. The premium is determined by the amount of compensation per day and the oldest age. For example, in this example, the compensation per day is 56.07 US dollars, and the oldest age is 41 years, then the monthly premium is USD 50.23 or USD 602.73 per year for a maximum of five members. It looks like the premium is relatively cheap. Moreover, it can provide coverage for up to five family members.
However, the form of benefits at Cigna Asuransi is somewhat different, namely cash compensation. During treatment, Cigna provides a lump-sum per day compensation, for example, USD 56.07, for a maximum of 60 days, no matter how much the room and treatment costs are actually incurred.
That is, less or more depends on the difference between the total cost of the room and the cost of treatment compared to the amount of compensation. Although the premiums look cheap, the benefits are smaller than other insurances whose premiums are more expensive.
In my opinion, this Cigna Health Insurance product is suitable for those of you who (1) due to financial limitations, have not been able to pay expensive premiums but want to have health insurance protection; or (2) already have health insurance from the office but feel it is lacking and want to increase health care costs.
Cigna Insurance "Premium Health Protection"
For a more comprehensive health insurance product, Cigna also provides "Cigna Premium Health Protection," which provides benefits including:
- Outpatient benefits. Starting from the cost of general practitioners, specialists, examination fees, laboratories to the cost of medicines.
- Daily Hospitalization Benefits. Starting from the daily costs of hospitalization, ICU, surgery, and consultation to medical examinations after hospitalization.
- Access to Care Abroad. Access to extensive health protection from Indonesia, Singapore, Malaysia, to Thailand.
- Routine Health Checkup. Every two years, to make it easier for you and your family to anticipate or detect health problems as early as possible.
Cigna Premium Health Protection provides a choice of health protection benefits that can be tailored to the needs of you and your family, starting from USD 7009.16 – 35045.8 per year with premiums starting from USD 21.03 per month.
"Cigna Family Care" Family Health Insurance
In 2019, Cigna insurance offered a pretty good family health insurance, namely CIGNA FAMILY CARE.
Cigna Family Care family health insurance provides health protection for families, which can protect up to 5 insured people — or five nuclear family members, namely the head of the family, spouse, and three children — in one policy with one premium.
The benefits of Cigna family health insurance are:
- Daily Hospital Care Benefits ranging from USD 21.03 – 84.11 per Insured;
- Daily benefits of hospitalization in ICU starting from USD 42.05 – 168.22 per Insured;
- Surgical Benefits, which are provided if the Insured requires surgery, whether caused by illness or accident, with benefits per event ranging from USD 420.55 – 1682.2 per Insured;
- Outpatient after Hospital Treatment, which is given after the Insured is hospitalized for at least five days or more in the Hospital and will be paid according to the bill until it reaches the maximum benefit limit. This benefit applies only to outpatient events that occur within 30 days after the Insured has finished hospitalization
All benefits are cashless family health insurance except Outpatient After Hospital Treatment which is on a reimbursement basis.
MANULIFE
Manulife, as one of the best insurance companies in Indonesia, offers health insurance which is a rider or addition to term life insurance. Although not pure health insurance, this program has interesting benefits, not inferior to pure insurance. The total annual premium is USD 690.68 for hospitalization.
In addition to lower premiums than Allianz and AXA, the room cost is also higher, at USD 56.07 per day with a maximum hospitalization of 60 days a year. However, Manulife applies a relatively low limit per treatment, although there is no combined year limit.
Manulife provides two benefits at once, life insurance and health insurance. The benefits of life insurance here are not unit-linked because there is no investment element. In addition to health cost protection, you get life insurance protection worth USD 42054.96.
We know that some other health insurances also provide compensation if the insured dies. But the number is small. Nothing is as big as the coverage provided by Manulife.
Looking for the Best Insurance in Indonesia
The four of them implement a cashless system, which is a family health insurance with inpatient facilities. So for this criterion, everything is pretty good. Let's look at the other criteria.
Insurance Ceiling
AXA is the most ideal because the treatment limit is quite large with one limit (limit is not broken per treatment), while others apply different limits for each treatment.
Allianz and Manulife do not have a total limit per year but limit it to a limit per treatment per year.
For Manulife, because it provides additional life insurance coverage, we can reduce our existing life insurance coverage and use the excess premium to increase health insurance premiums.
Cigna limits both the limit per treatment and the total limit. From the ceiling side, Cigna is the smallest because it provides it in the form of cash compensation (cash plan), which does not compensate according to hospitalization costs and doctor fees.
Premium
The cheapest is Cigna because, in addition to the smallest premium amount, with such a low premium, the coverage can reach five family members (2 parents and three children).
Meanwhile, other insurance premiums are more expensive, and even then, only for three family members (more members, higher premiums). But, again, premiums are related to benefits.
Hospital Network
All of them have extensive cooperation—information for AXA and Manulife.
How to Choose a Good Health Insurance
If you don't have insurance, my advice is to choose between Allianz, AXA, or Manulife because they have the ideal ceiling. Meanwhile, if you already have insurance from the office and want to add coverage, my advice is to take Cigna because the premiums are the most economical with decent coverage.
The importance of health and the high cost of medical treatment make insurance that protects these costs an important part of any family financial planning, especially if there are no health facilities from the workplace.
Be sure to choose the insurance that best suits your needs and abilities carefully. At least use the description above as a guide. Congratulations on choosing Health Insurance!
This is information on ITI190 - Insurance Top Info 190 about Viewing Health Insurance.