I was wondering why invest the funds when it is at an all time high..? isn't less units be bought?
Quite headache to choose the funds..any recommendation?

This post has been edited by firee818: May 6 2021, 04:02 PM

Yes you are right, if you keep buying at a higher price you are buying lessee units.

Please read the sentence as a whole, not by part 🤣

It mean don't keep investing when funds are at a all time high.

As to which funds to choose will depend on your risk tolerance towards the investment.

Which fund to choose is very subjective because one particular fund may give higher returns now but few years later it may be stagnant.

Example, now due to the US + allies trade war, most of the China related tech funds are at an all time low.

This is a good time to do fund redirection or switching from a non performing fund.

However maybe in the future once the sanctions has been resolved, this fund may again be stagnant.

Therefore repeat the above process as needed.



This post has been edited by roystevenung: May 6 2021, 04:20 PM

anybody can share what is the latest insurance plan cost like p.a.?

please give details or chart as in,
sex;
age group;
coverage per room;
payout for critical illness;
payout for death

may need to reconfigure my package.
thanks.

it'll be best for you to provide your particulars below:

1. DOB
2. Gender
3. Occupation
4. Smoker or not
5. What sort of benefit you're looking at:
Death
Disability
Critical Illness
Medical Card
Hospital Income

6. Tenure of the coverage:

Any medical history.

The cost of insurance for the payout for Death/CI will be very much dependent on the sum to be insured, age, gender, occupation, smoker or non smoker. The cost also varies if you want to opt to cover for only end stage CI/early CI.

As for the medical plan, here is the Prumillion med. The room & board cover ranges from RM200~RM500 (annual limit RM1.38M~RM1.98M), unlimited lifetime limit.
PruMillion Med

There is also an option to select whether the premium payment (along with the projected cash value) is able to be sustained for how long, eg, up to age 80/90 or 100.

Thinking of getting myself a medical + CI insurance. So far I'm leaning towards Prudential.

Me:

Turning 25 end of this year;
Male;
Working in banking;
Non-smoker.

If any agents here can give me a quote and give me advice it'll be amazing. Been looking at PruMillionMed + Total Multi Crisis Care. And optional Payor Basic + Protect Booster.

My concerns/needs:

1) Must have long term coverage, preferably up to 80-100.
2) Preferably with hospitalisation income;
3) Preferably without deductibles / excess / co-insurance;
4) Preferably without annual limit;
5) Preferably allows multiple claims;
6) Preferably allows claim if re-diagnosed with the same or other critical illness;
7) Reasonable cap on increase in premium;
8) Must have payout upon TPD / death.

These are the things that I feel like I should take note of. But if there are things that I should be aware of, please do let me know.

Genuinely looking to buy.

This post has been edited by ioB: Jun 7 2021, 12:10 AM

1) Must have long term coverage, preferably up to 80-100.
2) Preferably with hospitalisation income;
- Any reason to do so?
3) Preferably without deductibles / excess / co-insurance;
- Your only option will be PruValueMed
4) Preferably without annual limit;
- All medical insurance has an annual limit, if you're talking about if you exceed certain annual limit but still wish to be covered by the insurance, you'll need to opt for PruValue Med whereby you'll have to borne 20% of the exceeded amount (depending on the original plan that you pick)
5) Preferably allows multiple claims;
-This is covered under the Multi CI
6) Preferably allows claim if re-diagnosed with the same or other critical illness;
7) Reasonable cap on increase in premium;
-There is no such thing as "reasonable cap", the insurance company will notify as and when there is a need to reprice and you may need to top up on the payable premium to maintain the policy with the original tenure.
8) Must have payout upon TPD / death.

Your request above is very broad, the premium ranges between 175 - 350 depending on how comprehensive it gets, why not get a proper Financial Health Check so that you'll know how much to cover so that you're not overbuying/underbuying.

This post has been edited by lifebalance: Jun 7 2021, 12:21 AM

Hi, recently thinking to buy a pregnancy insurance and looking at this PRUMy Child Plus. This is the quotation I get based on my RM200 budget, sounds good?
And I still have few considerations that need some advice:
1. Should I change pruvalue med to prumillion med? Worry if any congenital condition then unable to upgrade medical plan anymore
2. Should I change to 2 parents payor basic? Will this cost much?
3. Is child really need the total multi crisis care?

1. You can do so if that would address your concern
2. Just checked, since I don’t have your details, the premium may vary between additional 15 to 30 monthly
3. To me, I wouldn’t say it’s necessary but if you’d like to add on just in case the child is born with certain defects, they’re covered for at least 50k in CI through their lifetime, may not be a lot of money but then again better than nothing right?

This post has been edited by lifebalance: Jun 10 2021, 12:15 AM

1 & 2. You may ask for a quote to lower the sustainability (until the child is age 60) while maximizing the cover with PruMillion Med / double parent payor to see if it is still within your budget.

3. You may want to read what is covered in more detailed for the TMCC before deciding whether it is necessary to be added now or later.

Thanks for the suggestion, will try ask a quote, another concern is:
“This product comes with Extension of Coverage Term...”
Will congenital condition/ any insurance claims made affect this extension? Or confirm will auto extend if funds enough/ pay additional premium?

(My purpose to buy before baby born is to make sure no matter what health condition is, still get insurance cover, so maybe when child reach 5/25 years old will review and lower/higher the coverage based on financial situation)

Yeah, I think I will maintain the total multi crisis care.
Thank you.

As long as you have sufficient cash value within the policy, it will auto continue on the policy till age 100 unless you write in to Prudential to not opt for the auto extension. So make sure you do necessary top ups if you wish to extend it further.

Will congenital condition/ any insurance claims made affect this extension?
- No, it will not

This post has been edited by lifebalance: Jun 10 2021, 10:19 AM

The covered congenital conditions will only be covered up to the child is 5 years old and it is payable from the Infant Care Benefit, not from the medical card (PruValue Med or PruMillion Med). The medical card does not cover any congenital conditions as stipulated in the medical policy contract.

The advantage of getting the child insurance whilst in the pregnancy stage is that (touch wood) even if the child is born with a congenital condition/s the insurance will be accepted.

If one were to only get the insurance after the child is born (and with a congenital condition), the insurer may not want to accept the application or defer the insurance application.

The auto extension is for the sustainability from age 60 to say age 80/90 or even 100. You may decide to increase this by doing endorsement later when your 'budget' gets better. ​Better still, let the kid decide when they start working.

Ok, really great and useful info, thank you very much lifebalance and roystevenung

Hi, may I know am I allow to downgrade my PRUvalue med plan 400 to plan 200? Others remain.

Yea you can.

Seems that if someone has pre existing condition, it’s not possible to purchase those affordably priced online insurance plans

This post has been edited by ryan18: Jun 11 2021, 11:25 PM

Depends on what kind of pre-existing. It may be just excluded but premium maintain the same.

If it's more severe then premium maybe loaded as well or be declined.

There are some that still offers you life insurance without medical check up but you may need to pay 1.5x - 2x the premium.

Just got my quotation for MRTA and the insurer excluded coverage to TPD arises from spine related diseases / injuries. I believe that was due to my slipped discs back in 2014 which has recovered in 2015.

I tried to negotiate but they mentioned that I went to clinic last year for backpain (due to back muscle pain) and requested me to go for another MRI at my own cost if I wish to appeal for the exclusion.

Just curious if I should spent RM1k++ for the MRI or suck it up for the exclusion