Hi..

I already have pruvantage which includes medical card, life, tpd and CI. i would like to include lady coverage in my package. looks like prulady is my only option..

my question is what is the difference between prulady and pruessential lady? i know pruessential is under prulink but cannot find brochure anywhere..

thanks..

Yes, all other ladies plan had been removed and replaced with the standalone ladies plan. It offers sum assured bounced back after 6 mths for carcinoma insitu cases.

If you need a quote, pls pm me the following info.
1. Date of birth ddmmyyyy
2. Smoking status
3. Occupation
4. Email address for me to email it to you. Thanks

Gosh! Sorry for the late reply, for some reason, my subscription to this thread ended. I will reply to you tonight as i need to run the quote. Minta maaf ya...

1. For TPD, the coverage ends at age 70, but for Life, if the term is up to age 100, coverage for life will be up to age 100.

This means that if accident and declared TPD before age 70, the Rm500 k will be pay out. However, if after age 70 and only TPD, there will not be a Rm500k payout. Only upon death the Rm500k will be paid out.

Look at page 4 of the quote. Beside the Prumillion it is mention how long of the life cover term. If Prumillion term is up to age 80, then it is up to age 80.

2. If the payment term is 20 years then you only need to pay for 20 years and the coverage will run until the end of the term of Prumillion.

It is guarantee no lapse (provided the premium is paid up to date and no withdrawal has been made) even if your fund does not perform as it should.

3. The fund charges are relative to the amount of cash value your policy has accumulated. Since the cash values are based on projections and it is not guaranteed, the X and Y for the fund charges is also projections.

X represents the funds based on lower projections, assuming the funds/market did not perform as expected. The Y projects higher.

4. It depends on how long of a term your coverage is. Since in any insurance quotation, the maximum years that is shown is limited to 30 years, you may ask the agent to provide a 'simulation' quote for age 50-80 to get an idea of the insurance charges > 70.

If the coverage is up to age 100 then ask the agent to do a simulation for you at age 70-100. However do note that the insurance charges is not guaranteed.

Sorry for the late reply ya... missed out this message completely.

This post has been edited by roystevenung: May 30 2014, 03:55 PM

Hi all, wanna ask is PRUclinic care stil available for purchase these day?

Thanks Roy

My agent told me that for prudential investment link insurance there is no difference to pay the premium by monthly, quarterly or yearly. Is this true?
Cause I heard that it'll be cheaper/has discount if pay by yearly.

To answer your question, it won't be cheaper or more expensive if you pay yearly or monthly. it's not just prudential, it's all of the insurance companies.

To confuse you, there is a difference choosing monthly vs yearly vs quarterly vs semi-annually. Something called dollar cost averaging.

For GE, there will be an additional charge if you choose to pay monthly compared to yearly. Yearly you don't have to pay any additional charges, this is what my insurance agent told me, hence I paid lump sum 6 months straight.

Hi, you probably aren’t familiar. The other guy asked about Investment-Linked Plan. So my answer holds.

My own insurance plan is a traditional one. So yes, it will incur charges (additional 5% in total) when I pay monthly instead of yearly.

Yes, what I meant is Investment linked too.

Probably, different insurance company have different charges?

Nope. Given the nature of how ILP works differently from traditional insurance plan, you shouldn’t be charged extra.

I can think of a few possibility
1) Your agent is stupid and he doesn’t know how to differentiate.
2) Your agent scared you terminate policy, wants you to lock you in for longer, so he lied.
3) You have special riders (with different payment term, I know 1 or 2 companies have this funny thing but not sure if GE does) attached to this plan. But no matter whether you have the riders or NOT, you should pay the same amount monthly/yearly to the basic plan.

I think 1) or 2) is more likely. 3) is unlikely. Could be 4) but I’m out of my depth. Could be many things in insurance I don’t know about.

My friend bought GE insurance and told me that she get discount when she pay by quarterly. But I'm not sure if hers is investment link or traditional plan cause she not clear with it as well. But as far as I know from what she told me it sounds like investment link. She has NCB, medical card, life, 36 CI, accident etc. All of it looks like investment link plan.
Anyway, I'll check with her~

Given what you have pointed out (of your friends’ policy), it can be traditional or ILP. Traditional plans can also have CI, medical and PA. It’s not an exclusive thing to ILP.

I want to explain how ILP works and why it’s not cheaper to pay in whatever payment mode. But too lazy to explain because I’m not sure I know how to explain in less than 20 sentences.

ExpZero

Hi kaedechan,

For investment linked, there will be no different either paying in monthly, quarterly, half-yearly or yearly in term of premium paid. The only difference is the accumulation of cash value.
Explanation is in spoiler, it's not important but it shown how it works


For traditional policy, there will be up to maximum 5% of "rebate" if you are comparing monthly premium and yearly premium.
Explanation is in spoiler, it's not important but it shown how it works


For your friend who having NCB medical card, 36 CI, accident etc, it really sound like a ILP. However, we can't make any statement from there since you are not sure yourself too

Thanks, I didn't track this topic

For Investment-Linked Life Insurance, there will be no difference in premium regardless of the mode of payment.

For traditional Life Insurance, there is a 5% "rebate" on the premium for annual payments.

Just ask your friend if he/she has multiple policy booklet (all standalone traditional policies) or just one policy booklet (that would be investment linked).

I think the agent is just trying to boost his/her AFYP/

Hi i m newbie here & let me introduce myself i m 26 year old didnt bought any insurance.. this few day got a GE agent(frien) promote me a medical card which include saving, medical card & life insurance cost rm200 per month benefit 10% deposit critical in hospital can wave.. but i more interest in prudential due to my whole family member is prudential supporter n gt a bad experience from GE.. so i need all sifu advised is prudential got any package like GE?

I dont know what is that 10% deposit waiver thing. Cut straight to the point, the insurance companies pretty much have similar things.

The things that you mention are in fact quite 'basic' and standard. You should be able to get comprehensive coverage with either ge, pru, aia, etc.

This post has been edited by adele123: Oct 4 2014, 12:26 AM

Hi, i would like to get a protection for my "kaima" as she plan to have one medical card in prudential. please PM ur contact(Prudential only) so that i can contact you back to know more. i give u her detail here.
Name: Madam Ho, Age now: 52, Non smoker, Occupation: Teacher, All healthy, a bit overweight.
** I would like to get an Investment Link coverage for her. Just basic life protection of 10K(without critical illness), and a medical card with annual limit of 50K-80K. Please add in a waiver(critical illness and permanent disability waiver).

or you can quote me other.
Thanks.

why u got bad experience with GE?

Pls share

you got pm . . . . .


you got pm . . . .

been a while since i last log into lowyat . . . been quite busy lately with some personal matter =)
you guys if have inquiry can continue to post, will try my best to feedback