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The plan provides you a daily income (cash) benefit for each day of hospitalisation. This is aimed at reducing your out-of-pocket expenses should you require hospitalisation. It has other benefits such as daily cash benefit if admitted into the Intensive Care Unit in Malaysia or overseas hospital, monthly living allowance for disablement due to accident, compassionate allowance and maturity benefit. The daily hospitalisation income benefit increases by 5% annually for the entire policy term.

The Daily Hospitalisation Income Benefit will be increased by 5%  of the original Sum Assured annually for the whole term starting from beginning of year 2. For example, for the RM300 plan, the Daily Hospitalisation Income Benefit is RM300 per day of hospitalisation in policy year 1, RM315 per day in year 2, RM330 in year 3 and so on. This unique feature is designed to help you mitigate the risk of inflation.

The Monthly Living Allowance will be payable if you suffer the following loss or disability as the result of an accident within 365 days of the incident:-
  • Total and Permanent Disability (TPD);
  • permanent total loss of sight of both eyes;
  • permanent total loss of sight of one eyes;
  • permanent total loss of speech and hearing;
  • loss of or the permanent loss of use of two limbs;
  • loss of or the permanent loss of use of one limbs;
  • permanent and incurable insanity; or
  • permanent total paralysis.

The benefit payable is subject to your continuous disability throughout the payment period for a maximum of 180 months. The policy will be terminated once the claim is approved. 

Unlike medical insurance where benefit payable depends on the amount incurred while you are hospitalised, the benefits for Hospitalisation Income Shield are fixed per day and will be paid directly to you. You are free to decide on how you spend the money, either to cover your hospital bill, or to cover any shortfall in your income while you are in hospital.

It depends on your budget and the financial resources you or your family can draw upon during your hospitalisation or in the event of your demise. The key is to reduce your or your family’s financial burden should an unfortunate event happen.

There are two plans available for Hospitalisation Income Shield. The following table illustrates the difference between the plans:

Benefits

Deluxe Plan (RM)

Premier Plan (RM)*

Daily Hospitalisation Income Benefit (per day up to 730 days per Any One Disability)

150

300

Increase by 5%^ annually from beginning of Policy Year 2

Intensive Care Unit and/or Overseas Benefits – payable in addition to Daily Hospitalisation Income Benefit (per day up to 30 days per Any One Disability)

150

300

Increase by 5%^ annually from beginning of Policy Year 2

Monthly Living Allowance Benefit – for disablement due to Accident only (per month up to 180 months)

1,500

3,000

Compassionate Allowance Benefit – for death only

1,500 + 70% of Total Premiums Paid

3,000 + 70% of Total Premiums Paid

Maturity Benefit

70% of Total Premiums Paid







 

*This plan is only available to customers with monthly gross income more than RM10,000.
^ The 5% increase is on the original sum assured.

“Any One Disability" refers to all disabilities arising from the same cause or condition, including any and all complications arising therefrom. If the Life Assured completely recovers and remains free from further treatment for such disability (including drugs, medicines, special diet, injections or medical advice) for a continuous period at least ninety (90) days following the latest date of discharge, any subsequent disability from the same cause or condition shall be considered as though it was a new disability.

The Daily Hospitalisation Income Benefit will be payable if you are admitted to a hospital for a minimum period of six (6) continuous hours per day as a result of a disability, up to a maximum of 730 days per Any One Disability.

The Daily Hospitalisation Income Benefit will be increased by 5%  of the original Sum Assured annually for the whole term starting from beginning of year 2. For example, for the RM300 plan, the Daily Hospitalisation Income Benefit is RM300 per day of hospitalisation in policy year 1, RM315 per day in year 2, RM330 in year 3 and so on. This unique feature is designed to help you mitigate the risk of inflation.

There will be a loyalty bonus for this policy whereby you will receive the rebate of 1 month premium (payable on 13th, 25th, 37th month of the policy term) if you maintain the policy with HLA. The bonuses will be payable via direct credit to your credit card account.

Yes, there are circumstances in which the policy will not pay a claim. Please click here for the full list of exclusions applicable to the respective benefits under this policy.