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Jackson had to undergo a major operation at Hope Medical Centre. He was charged by the hospital amounting to a few thousand ringgits. The following

Jackson had to undergo a major operation at Hope Medical Centre. He was charged by the hospital amounting to a few thousand ringgits. The following are his hospital bills & medical insurance coverage amounts.

Item

Prudential Insurance Malaysia Coverage

Hospital Bill

Surgery

RM 18,000

RM 18,500

Doctor

RM 8,000 maximum

RM 8,000

Hospital Room

RM 300 maximum per day with a total of RM 7,000 per year

RM 350 per day for 16 days

Medical Supply & Ct- Scan

Reasonable amount paid in full

RM 5,500

Jackson has recently paid RM2,500 for a one-year insurance premium to Prudential Insurance Malaysia Berhad. a) COMPUTE: i. the total medical cost ii. the amount covered by the insurance policy iii. Jackson's share of the cost of his treatment (excluding the yearly premium) b) DISCUSS and COMMENT whether it is good to take up such a medical policy offered by Prudential Insurance Malaysia Berhad. (25 marks)

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