For non-ilp, the plan is a newly launched term product called PruBSN Anugerah.

Not necessary for the upgrade as your servicing agent can see your policy details to advise on the upgrading.

If you are upgrading with another agent then a consent letter may have to be drafted in order to check your policy details due to Data Protection Act.

However you will need to file for a missing policy document as the policy book is needed for verification purpose in the event of a major claim.

Normal but i normally pay for the client. Some hospitals even charge Rm150 just for the report...

It depends on whether your policy has "Waiver of premium rider" attached to it. That is the rider that will waive the premium if the condition being claim fulfills the criteria as specified under the 36 CI.

You may walk in directly to the insurer if you are in doubt on whether it is claimable or not. Worse case scenario, you may just need to file the claim yourself thru the counter. The Doctor detailed report will be required, of which the counter will guide you.

Only the upgraded portion commission will be payable to the agent.

No, the "Waiting Period" does not start over for upgrade on the same policy. In short there is no Waiting Period for upgrade.

Better to upgrade to Health Enrich as there is no waiting period if you do this

PruValue Med is a medical card rider that needs to be attached to the ILP plan. You can add on the life, CI accident

No, PruValue Med is a medical rider and it needs to be attached to an ILP product, namely PruLife Ready (<25 yo), PruLink One (>25yo) and PruWithYou (latest ILP plan).

The life, critical illness, accident and other riders may be attached alongside with the PruValue Med.

The high deductible option is nothing new and it is used in most International Insurer to reduce the premium, especially at older age. When a person is retired, having to fork out > RM10K per year could be a problem, which is where the high deductible comes in.

1. Use the company medical card to get GL (or pay cash, your choice) and once the bill is > RM20k, Prudential can take over the bill > RM20K.

2. For the latest PruWith You, contractually, the term is written as age 100. However, in order to ensure that the policy is able to be covered till age 100, the premium paid + investment accumulated must be able to sustain the insurance charges.

Duly note that the projected figures for the investment portion is merely projection and may differ from the actual fund performance. However, it does help if a yearly monitoring (at least) is done to ensure the policy sustainability until the end of the term.

There is no free lunch in insurance, if you pay less now, the policy will not be able to be sustain especially at older age > 70 where the insurance charges can go as high as RM10K pa (without the deductible RM20K).

The high deductible option is nothing new and it is used in most International Insurer to reduce the premium, especially at older age. When a person is retired, having to fork out > RM10K per year could be a problem, which is where the high deductible comes in.

1. Use the company medical card to get GL (or pay cash, your choice) and once the bill is > RM20k, Prudential can take over the bill > RM20K.

2. For the latest PruWith You, contractually, the term is written as age 100. However, in order to ensure that the policy is able to be covered till age 100, the premium paid + investment accumulated must be able to sustain the insurance charges.

Duly note that the projected figures for the investment portion is merely projection and may differ from the actual fund performance. However, it does help if a yearly monitoring (at least) is done to ensure the policy sustainability until the end of the term.

There is no free lunch in insurance, if you pay less now, the policy will not be able to be sustain especially at older age > 70 where the insurance charges can go as high as RM10K pa (without the deductible RM20K).

Yes, the date of deductible needs to be the same as your 1st policy annexure date. And the RM20K deductible is not per event, but for the whole annexure year.

Do talk to your servicing agent for more information on how the deductible is applied.

1. The insurance charges stated in the brochure acts as a guide and may vary from the actual due to the cost of insurance (especially for medical insurance is not guaranteed and subject to change).

Do ask your servicing agent to generate a Sales Illustration of the current COI for the medical based on your current profile.

2. Only the PVM Enhanced is available for upgrade. Since the PVM (without the enhanced) is no longer available, let's not confuse you with the older version I suppose

3. Get your servicing agent to generate for a person age 70 so that you can see the projected COI in the Sales Illustration.

As for the available riders, there is Accidental, Critical Illness, Total Permanent Disability riders. It is best to consult your servicing agent on what is your needs rather than adding it for the sake of adding.

Eg, To some people, getting paid a few hundred ringgit for getting involved in an accident means a lot, but for some, it means nothing to them, therefore adding these unnecessary riders, jacks up the insurance premium.

4. Slack can be very minimal to the point of few ringgit based on the minimum sum insured. Once the slack hit certain threshold, the sum insured (or other riders needs to be increased or you need to move the slack to add on the riders).

It would be best to sit down to review what you have versus your current/future needs of what you want the insurance to do for you.

Without knowing in more details it is like giving you a product just for the sake of buying.

Both are ILP policy, therefore there is no discount even if pay yearly as it is used to buy units based on the current NAV.

If traditional policies, then yes there is discount if pay other than mthly.

None. Don't buy insurance for savings purpose. Buy insurance for Protection, not saving. You pay yearly RM3K just to get annually RM1k? Sorry but I don't see the logic here.

Yes some agents will say that you buy the savings plan with parent waiver (if anything happens to the paying parent, that insurance will be waived till child is age 25).

In that respect, the paying parent might as well consider buying a life/CI that covers for that duration, which would be cheaper and giving you maximum results. Example, a RM500K lump sum to the trustee/surviving parent would be better off than a mere RM3K/annum innit?

Maybe Wong Sifu can enlighten you on how to 'grow' your money, wongmunkeong please guide our friend the investment forum.

This year onwards it is via electronically, no more paper.

You can download the statement by registering for << Prudential Customer Portal PruAccess Plus >>.

Alternatively you may contact your servicing agent or walk in directly to any Prudential branch for assistance.

This post has been edited by roystevenung: May 31 2018, 06:50 AM

Yes it does.

When stroke happens, most of the time the client need to be admitted for observation, for few days. In extreme case, ICU may be needed.

After discharged, there is up to 90 days post hospitalisation coverage, be it for physio or consultation charges.

The physio need not to be performed by the same Doctor that treated the patient and can be a physio clinic outside of the hospital.

If that is really your concern, ie able to cover after the 90 days then you need to shop around for one that will cover 365 for outpatient.

There are, just need to shop around.

PruAcci guard does not share the same amount as life.

Emergency Treatment for Accidental Injury Benefit is only for 30 days

Whereas the PruAcci Med pays (up to the sum insured) up to 104 weeks (for accidental cases) whereby some accidents may take more than 90 days to recover.

1. Yes it is possible with some arrangement with the hospital, the first insurer and Prudential, even though the first medical card is not from Prudential.

2. The only reason for using both cards is when the bill is > RM80K. Otherwise the second card is just for backup. For the second card to be effective, there is a need to synchronize the "Date of Deductible" to match your 1st medical card.

Do contact your servicing agent on this.

3. Other than cost concern, I don't see any other issue.

To some paying RM20K themselves can be a lot of money, and to some, they don't mind coming up with the RM20K as they are more concern on bigger bills and at the same time the life long insurance premium payment.

The deductible option is being used by many international insurer as a means to lower the insurance charges at older age. Eg, a 65 yo may need to pay RM7K/pa for a full claim plan as compared to RM3,500pa for a RM20K deductible.

Come to think of it, if your policy has been for 30 years and it has never been claim before, is it worth spending RM7K/pa or is it better to standby RM20K for a lower premium?

a) The additional income thingy is also a feature built in to the medical card for PruFlexi Med. Additional Feature is not free and it comes with insurance charges.

b) As a personal advice, you may opt to 'transfer the medical' from the 1st policy into the Second policy with PruValue Med. This means that you only carry 1 medical card with PruValue Med.

Transfer of medical card is does not have waiting period if you had surpassed the waiting period on the 1st card.

On the RM300, it saves you premium in a long run, as shown above.

Yes you need to standby 20K from your 1st medical card and if your 1st medical card has exhausted the limit, then the 20K needs to be paid by you.

The deductible date needs to match your 1st medical card policy year, otherwise the 20K may need to be paid by yourself. This is because the old medical card has an ANNUAL LIMIT that can be claim in a policy year. Therefore if the second medical card deductible date does not match or if the annual limit is exhausted, then the 20K will need to be paid by yourself.

No, if the bill is 82K, the first card will pay the hospital 80k and the second card can be use to pay the balance of 2K.

No complication, it is just all in a days work for us, its just paper work.

The more complication is when the person get admitted and not enough to pay to the hospital.

This post has been edited by roystevenung: Jun 6 2018, 01:54 PM