It has been exactly a year since we officially launched our Life Engineering medical cost crowd sharing program.
As at March 24, 2018, we have 206 active sharers or which 25 are smokers, which shall participate at 1.2 times of the regular share. Based on the maximum crowd share limit of RM50 for regular sharers (RM60 for the smokers), the total available shared pool will be at RM10,550.00, leaving the balance of RM882.95, which shall be rolled over to next crowd share period for sharing.
Regular Sharer 181 @RM50 RM 9,050.00
Smokers 25 @RM60 RM 1,500.00
Total 206 RM10,550.00
Actual Final Guarantee Letter issued to TDMC: RM11,432.95
Less shared pool available RM10,550.00
Amount to be rolled over to next crowd share period for sharing: RM882.95
RM50 (for regular sharer) and RM60 (for smoking sharer) shall be deducted from your Sharing Deposit maintained in the trust account. After this crowd share, your Sharing Deposit shall be reduced according, triggering the top up.
The following videos is about the first case in Malaysia of which a Sharer successfully got her medical hospitalization cost paid for via Life Engineering medical cost crowd sharing program.