Did you know that if you have a medical card(insurance or takaful) and you are covered by your company you can't claim from both parties for your treatments. You can only choose to claim from one, or if the company only covers part of it you can claim the other part of it (provided it is under your coverage).
Apparently this falls under the principal of indemnity in insurance and takaful.
What is principle of indemnity
Definition(quoted from my notes):
"Indemnification henceforth is the restoration of an insured persion to his or her approximate financial position prior to the occurence of the loss".
Basically the insurance/takaful that you take will only cover you up to the point of your financial position that you have lost. So lets say you spend RM10,000 on some operation and your company only covers you up to RM5,000. You can only claim from you medical card another RM5,000.
Another example is your car. If you are involved in an accident and you need to get some spare parts for repair. Unfortunately that particular spare part is no longer available and only the upgraded and enhanced version is available and at a much higher price, so under the principle of indemnity, you will be covered only up to the price of the old spare part and the rest, you will have to pay. Unless of course if the company wants to waive it.
So, next time you're looking for any coverage ask your insurance agents to explain further about this. If they can't then they don't know their products well enough. Hence you should ask yourself, do you want to buy something from someone who don't know what they are talking about.
Think, think, think (Darby, My friends Tigger and Pooh)