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Medical Card > Guranteed Renewability

What does the term Guranteed Renewability means, when buying a medical card it is important that you ask about this factor.

If the medical card you buy has a life time limit on it, then it is usually the case that the medical card has a guranteed renewability.

What does this means, ok for example you bought a medical card and have a claim of RM 10,000 at year 2007. So if your card has guranteed renewability then after this claim next year you will still be eligible to claim (as long as the sum of all your claims is still under the life time limit).

For a card that has "no guranteed renewability", the first year you may be able to claim for RM 10,000, then after that the Insuracne company has the right to review and decide weather to renew the contract of your medical card or not, if not then you will not have any more medical coverage.

Correct me if I am Wrong !!!!!!!!!!