Dear Prudential agents,

1. What is the procedure to change my insurance agent ?

2. For life insurance, what is the max tenure coverage ? up to 75 or 100 years ?

3. What would be the premium per year for 33 yo male smoker for complete term life insurance with payout of 500K for death or TPD ?

1. Fill up the agent transfer form, but the new agent does not earn anything. If the new agent sees it as a long term business, then he/she should be okay to take over to provide the service. It is afterall a service industry.

2. Age 100, but of course you will have the option to surrender the plan when you retired. The insurance charges for Life insurance goes up rather high when we hit 70. How high will be very much dependent on the covered amount. This is also the reason to swing the life or CI cover to medical once we are retired as most of our responsibilities like kids/house/debts had been paid up once we retired.

3. For a term up to age 60, the monthly premium for RM 500K Term is RM 262, yearly RM 2,970. PM to me your email address and I will email to you the full quote. Thanks

Hi Prudential Agent,
For scenario below,

"A" the insured bought Life -100k, CI -100k & PruPayor

If "A" fall into CI, Prudential pay CI benefit of 100k, on the same time Life sum assured reduce to "0".

Questions:
(1) Will this policy to be terminated? (as my limited understanding, it suppose not to terminate since cash value is yet withdraw)
(2) PruPayor will continuing pay for premium until the insured up to age of 100 or death, which ever occur first?

Thank you in advance.

Regards
Sam

Hi,

I'm from Great Eastern but I think I can answer your question.
1)Since the policy you mentioned is investment link, no, it won't be terminated until the client surrender it/death.
2)Yes.

That simply means the client can use the medical card without paying the premium because the prupayor has takes effect.

1. Nope, it is not terminated. The policy will accumulate cash values more since the insurance charges for the CI portion is now zero.

However do note that the policy is still subjected to policy charges, admin charges.

2. Yes, upon death or maturity

Thanks on both replied.

Just want to re-confirm here, this investment link policy just consist of (a) sum assured 50k, (b) CI 50k & © Prupayor without any other riders (i.e medical card)

(i) If A death, will get 50K + cash value
(ii) If A CI, will get 50k, and sum assured reduce to "0", Prupayor will still inforce until insure year 100 or death, whichever happen earlier.

Am i interpret right on your response?

New Questions:
(a) Understand, Prupayor only cover when insure CI BUT not TPD.
Meaning that, insure still needs to pay premium when TPD happen. Why Prudential not approve Prupayor PLUS for first generation investment link policy?

(b) If Prudential offers Prupayor PLUS, does it mean when happen TPD, insure will get 50k and PRUPAYOR PLUS continue pay premium until insure year 100 or death, whichever happen earlier. AND this policy is still inforce without teminate?

Thank you in advance.

Regards
Sam

Old question, yes thats right. Even after the CI payout, the cash values accumulated is still in the account.

The premiums paying will now be taken up by Prudential and since CI insurance charges is now Zero, the premiums paid will mostly goes into accumulating cash values for you

PRUpayor rider is still active and is also subjected to the insurance charges.

New question, yes thats right. PRUpayor only pays for CI and not TPD. It bas been replaced with Enhanced PRUpayor Basic (EPPB). You could do an upgrade to EPPB in this case.

Yes, if you upgrade it to EPPB, it works the same as CI.

Thanks on your replied.
Aforesaid, not sure why Prudential not approved when i requested to upgrade with EPPB?

Regards
Sam

Your policy is 4PAA? Or which year was it bought?

Have you tried getting help from your agent?

This post has been edited by roystevenung: Oct 23 2013, 05:03 PM

Hi Steven,
Thanks on your replied.
I'm 62 this year and Year of bought 1999, confirmed EPPB is not offer for first generation ILA.
This happen same on medical card (PMM100), as checked, Prudential upgrade PMM100 to PMME100 on year of 2010.

And now, it seems very high cost for me to extend card coverage up to 80 years old.
Thinking to buy another ILA plan with medical rider with Allianz, to extend coverage to 90 years old.

Thanks
Sam

Any ideas how do I calculate my tax incentives for life and health insurance I have with Prudential?

Thanks.

http://www.hasil.gov.my/goindex.php?kump=5...3&unit=1&sequ=1

Every year Prudential will distribute an annual statement. In the annual statement it is separated to life n medical. The statement looks like this...


In item 21, add in the life premiums paid + epf, max rm6k
In item 24, add in the medical, max rm3k

Do note that it is up to the LHDN discretion on the tax rebate and may change from time to time...

This post has been edited by roystevenung: Oct 25 2013, 10:21 AM

Get a senior med plan A with 3K co-ins, you can get a good coverage from that plan
only thing is the co-ins that . . . .

is it possible to have a life insurance with higher coverage on 36 critical illness?

for example:
death/TPD 100k
36CI 200k

thank you

Yes, it is possible. If 36 CI Rm200k is paid out and upon death another Rm100k will be paid.

What different between "As charged" vs "As charged subject to reasonable fee" ?

Pru med card is "As charged subject to reasonable fee"?

How to know the reasonable fee defined? Where is the price list?

PRU med is 'As Charged'

There is a few company is using "As charged subject to reasonable fee" term in their policy.
Well insurance company dont provide this detial to consumer, its provided by LIAM to the insurance company & hospital
as a guideline so they dont over charge/abuse their medical card.

Hi there, I am looking to purchase a Pru medical card with flexi terms. Please could you ping me a quote. I can pay up to RM300 a month. THANKS

Roy, a few question from a friend of mine regarding PRUlink million.

1. Coverage 500k for death/ TPD with Payor. In the Product Disclosure Sheet it is stated lump sum payment before age 70 next birthday but then the agent says covered until age 100. In the Sales Illustration it says expiry age 80.

2. My fren is age 40 and the premium payment period is 20 year. After the age 61 do we still need to pay premium or is it projected that the Cash Unit is enough to offset insurance charges.

3. At age 70 the projected insurance charges plus fund mgmt charges X is around 7k plus , for Y its around 8k plus ,what does x n Y means as the insurance charges is different .

4. At age 71 to 80. how much should we expect the insurance to cost , 30% - 50% or more?

Thanks

hi, prudential agents, i just have a shock of my life when my mother enters private hospital and are slapped with a 30k bill.


therefore i would like to request a quote on:

my age 32, non smoker

-PRU Health 100
-with RM3,000 deductible
-with PRUmedic auto upgrade
-coverage until 80
-prulink one lowest premium