Pages

Sunday, April 24, 2011

1000 Mothers Against Rare Earth Plant @ Teluk Cempedak Beach

1,000 ibu membantah Loji Rare Earth @ Pantai Teluk Cempedak!

One of the worst nightmares of having a Rare Earth Plant in your neighbourhood is that mothers may give birth to deformed babies.

Can you imagine the pain and ache if the new life a couple and the family look forward to will be mentally retarded or physically deformed? Can you imagine the agony if a mother has to decide whether or not to terminate pregnancy?
...
Let's show the resolve of Kuantan and Malaysian people to reject the Lynas Rare Earth Plant.

This coming Mother Day, come to Teluk Cempedak beach with your family.
Bring a Carnation.
Cherish the Sunset.
Defend our beach.
Protect our babies.

We post this event request from a concerned member. Looking back at our experience in previous events, we believe a long lead time is necessary. Hence, we hope you will send this event invite to all your friends. In three weeks, we hope to get 1000 mothers with their families to be there.

We welcome any suggestions from the Stop Lynas, Save Malaysia campaign or other concerned citizens. Please post here or email us at nomegatower.malaysia@gmail.com.

I quote the above long article from Facebook.

So, what is this LYNAS all about? LYNAS is an Australian-based company with this website -> http://www.lynascorp.com/.

A simple check on their website and you will know they are into this rare earth business. They claim that it is 'zero harm and sustainable development' in their process. What do you think?

I was told by a friend of mine who work at Gebeng, Kuantan, that this project has been started since 2 years ago. Till now only we bring this issue out loudly. But I dont see it on newspaper? Close case? Cover up?

Come on, learn from Japan's tsunami disaster ok? That tsunami cost them terrible damage in term of economy, life, and the future of their people is under danger. Danger of radiation from the nuclear plant. After tsunami, they share market plunge >5%. How many money lost in the economy? IF.. i mention IF Malaysia were to have any problem with the rare earth plant in the future, what will happen? Our KLSE plunge 5%? How much is 5%? As of today our KLCI stand at 1522.75, so a drop of 5% meaning drop till 1446. Those who invest in futures (FKLI) will lose at least 80 points x RM50 = RM4,000 per contract. How about those investing in equities?

Then, we talk about the impact of the rare earth, if leak into the sea, river.. Do we have the expertise to solve this? Then government need to hire brainpower from overseas to help to solve. How much does this brainpower cost? RM1million to solve? RM10million? Can they really solve it? Japan, a country that is much advanced than us also cannot solve. What about our country? 80% of our people cannot even handle simple mathematics and live in the poor.

Just my personal rant..

Just think about it ok?? And do something..

Sunday, April 03, 2011

Choosing A Medical Plan

I summarized from an article by Tho Li Ming:

Medical card provide coverage for:
- room and board (usually range from RM100-RM500, but RM200 is most popular)
- hospitalization and surgical (H&S)
- intensive care unit (ICU)
- post-outpatient treatment (eg kidney or cancer treatment)

Seeking overseas treatment?
- Make sure got worldwide coverage
- Coverage will be based on local charges
- Condition: policyholder does not stay overseas >90days/trip
- Policyholder need to pay first, and will get money back later in Malaysia
- They suggest to purchase ‘travel insurance’ instead.. hmm..

Coverage for external devices?
- Eg wheelchairs, crutches, pacemakers, organs
- Tapi premium will be higher lar..
- Some Personal Accidents (PA) policy have it

Standalone Plan vs Rider?
- Coverage tends to be the same
- Some standalone plan offer guaranteed renewable plan
- The more it covers, the higher the premium..
- Standalone plan usually more expensive than riders (due to administrative costs)
- Rider plan are 20% cheaper
- Riders must be accompanied by a basic plan (may end up with higher premium)  take not

Rider link to conventional life policy or investment-linked policy?
- Rider link to conventional policy is cheaper (but its premium is higher)
- Meaning oni rider is cheap.. penipuan terbesar!!

Co-insurance vs Zero Deductible?
- Coinsurance -> Patient pay predetermined % of total bill (with maximum amount), insurer cover the rest
- Zero Deductible -> we don’t need to pay money at all!! (Tapi we need to pay higher premium lar)

Cashless vs Reimbursement Plan?
- Cashless -> Only pay charges that not covered by insurer (30-40% more expensive!)
- Reimbursement Plan -> We need to pay all the bill first, and claim back later

Choosing a Medical Card? Pening lar..
- Check its annual claim and lifetime limits (accident prone ppl, better take higher annual limit, rather than higher lifetime limit)
- Get those with protection for critical illness (min of RM100,00 coverage upon diagnosis in the future)
- Take note of medical inflation rate -> 17-20% per year
- Check whether got guaranteed renewal limit? (can renew till 70,80 or 100 years old?)
- Some plans have additional benefit (eg, emergency overseas medical assistance, no-claim bonus)
- All insurance companies offer 15-day free-look period (can get refund if tak suka!)
- If want to do comparison, compare the following:
- Premium that we need to pay
- Annual limit
- Lifetime limit
- Percentage and capping of co-insurance
- Tenure coverage for different benefit

Insurance indeed a jargon

Insurance - definition : act, system, or business of insuring property, life, one's etc., against loss or harm in as fire, accident, disablement, or the like, of a proportionate to the risk involved. (quote from http://dictionary.reference.com/browse/insurance).

I hate all the jargon. This is just the beginning of my frustation/headache towards all this insurance company and policy that they have. If you were to ask anyone down the street, do you know how your insurance work, they definitely cannot answer you.

I have done some studies in Low Yat Forum and my conclusion is I hate insurance. I hate insurance agent because they are not telling the truth (even if you know them closely). They just want to earn your money. Think! They tell you all their selling point, eg.
eg..
- you need protection if you fall sick
- do you want to get treatment in government hospital?
- what if you get disabled and cannot work?
- what if you die next day and your next-kin get nothing

Their selling point is right. It is good to have a plan for your loved ones, your closest kin if something bad happen to you.

But.
But..
But...

I hate insurance company for making their products so complicated!! Damn it.. the next time insurance agent come into my pharmacy, imagine I sell to you a medicine with all the pharmacokinetics, pharmacodynamic, pharmacoeconomic data.. and the insurance agent will die first (insurance agent better buy policy to protect yourself first.. HaHa..) All we layman want is simple and affordable product. No point twisting here and there. And dont need to use 'jargon' in your policy, provide layman word.

I hate insurance company for their complicated statement!! Anyone seen their statement?? What do you do? I guess most of us just keep it in a file and never bother to analyse. Why? It is much much more complicated than analyzing a company financial report.

I hate insurance company for not acting professionally!! I have attended once a gathering of insurance agent. Well, they just keep brainwashing.. want to drive BMW, want to TRAVEL, etc.. If you want to earn our money, please tell us what we need to know. Don't twist around the facts. We dont mind to pay, if you tell us the truth. Do you know why I said they not telling the truth. It is all out there, read from forum and you'll know.

I hate them for not telling how to do claim!! Some agent takes long time to respond to you. What if they policy buyer is someone poor? They need the money badly u know!!

Do you know that insurance agent will earn money from your premium each month? So, they must have after-sales service. If you cannot contact them, just blacklist the person.

Few factors that I get from LYN forum:
1. Age -> Buy earlier is cheaper (next time there will be policy to buy when u anak belum lahir)
2. Sex -> women's premium is higher (wtf!!)
3. Young people should get policy that focus on disability, rather than medical (i partially agree lar)
4. Get protection for critical illness is better..
5. number of days a Medical Card can cap you at (or some companies, it's only 120 days per year. ICU = 50 times per year)
6. Make sure 'Out Patient Cancer Treatment' & 'Out Patient Kidney Dialysis' - As Charged. Some company put cap of RM50k. RM50k is nothing for cancer and kidney treatment.


Just my thought..

Hope insurance policy maker can make changes (keep it simple) for us layman ok.