In yr example, you use the second card first. Ini sudah tarak betul.

We use the 1st card first la...

Deductible means once the payment is settled more than the deductible amount the 2nd card will respond.

1st card you already paid Rm80k which is more than Rm20k deductible.

Since already paid >20k on the 1st card, the second card can be activated

Yes its possible to do that with some coordination with the hospital n insurer.

3-5 working days, no fees, yes it may affect the policy sustainability when you get older, especially at age > 60.

Your PMM1 is the first version of medical card and comes with 3x Lifetime limit of the Annual Limit, eg if your annual limit is RM50K, then the Lifetime Limit is RM150K.

Secondly, it expires at age 70 or 80 the most.

The cancer treatment is also limited, RM30K (depending on the contract, do refer to policy document).

That said, if you are still healthy at the point of doing upgrade/endorsement, you may do a Transfer of Medical Card and only maintain one medical card.

Whether to have RM20K deductible or not is depending on whether you can 'swallow' the risk of having to pay RM20K per policy year (annexure year).

However, if at the point of upgrade/endorsement there is a pre-existing illness, then it would be advisable to get another medical card (which will be imposed with Exclusion on the pre-existing illness) and keep the old card. Any claims that falls under the exclusion under the new card is still claimable under the old card.

Yes

If your Death Sum Insured is not sufficient, then you may add on the Death coverage on the old policy or look into PruWealth that provides high coverage Rm500k to Rm4m.

The reason for PruWealth is that there is a campaign currently running with no medical checkup limit (up to Rm4m), provided it is a clean case, no medical history.

On the medical upgrade, whether to maintain 2 cards or not depends on your budget, and most importantly your medical history during the application.

For example, if the old medical card does not have any Exclusion for cysts/growth and the cysts/growth had developed, it would be advisable to get a second medical card of which an Exclusion will be imposed on the new med card (as it falls under the preexisting illness).

A preexisting illness means the illness had existed before taking up the insurance.

Any claims for Cysts/growth, it is claimable under the old medical card, whereas any claims unrelated to the cysts/growth, eg major accident is claimable under the second card.

Do note that if you get a second card, the Waiting Period will start all over for new card.

Your old medical card will definitely be easier to claim as it has surpassed the necessary Waiting Period, whereas a new medical card (as a second card) has not.

Please ask your agent to list down the "some illness are not covered in the new PruValue med".

By the way, the new medical card is not PruValue Med, but PruMillion Med. PruValue Med has been selling 3 or 4 years ago.

Yup see above on two medical cards.

However if you are still healthy, with no significant past medical history, you may do a Transfer of medical from PruHealth to PruMillion Med and only maintain one medical card as it can be costly to maintain 2 medical cards at older age.

For Transfer of Medical Card, if the old medical card has surpassed the Waiting Period then the upgraded medical card will have no Waiting Period, otherwise it will follow the previous medical card Waiting Period (sounds fair right?).

This post has been edited by roystevenung: Oct 16 2018, 12:20 PM

The purpose of life/CI/disability insurance is to act as a replacement of income to you/loved ones or to settle loans, eg PTPTN, car, house loans...

Without knowing what is your purpose for the life/CI/TPD insurance, it wouldn't be fair to say whether the amount is sufficient or not.

It depends on your budget, your expenses and most importantly if we were to pay you Rm20k for total disability, how long can this rm20k last?

I do suggest you talk to your servicing agent to understand your needs better.

No waiting period. You may also look at PruMillion Med if you are bothered with the cumulative total medical claim > Rm1m lifetime limit, you need to bear 20% of the bill in PruValue Med.

If the upgrade is done under PruValue Med, then it is done on the same policy (this is known as Endorsement). If it is done under PruMillion Med, the process is called Medical Card Transfer (into a new policy). This means you will have 2 policies (as PruMillion Med can only be attached to the new PruWith You ILP plan).

Either way, there is no waiting period

Tell your agent to baca the circular and please there is no sifu here. Just call me Roy 😉

Major Differences
1. PMM has a min of annual limit of Rm1.38m, whereas PVM a cumulative (not annual limit) limit of Rm1m (if total cumulative claims is > Rm1m, then Prudential will pay 80% of the bill)

2. Cancer Treatment & Kidney dialysis - for PMM it is able to have an annual limit of Rm1.38m whereas PVM is capped at Rm1.5m per lifetime.

3. PVM has the zero deductible to high deductible option (up to Rm100k deductible), whereas PMM has only Rm300 deductible.

Eg, for PVM, by having a Rm20k deductible for a person age 60, the premium is slightly Rm3k per annum as compared to Rm7k if Rm300 deductible.

4. The Insurance charges for PMM is definitely more higher than PVM, for that you may refer the brochure at Prudential Website.

1. For the medical upgrade portion from PH to PVM, the fund allocation will start over.

2. True

3. It is riders attached to the PruLife Ready (the main ILP policy). PVM is a medical rider that is attached to the PLR. What do you mean by those limit will increase? Which rider are you referring to?

4. Any overseas bill within 90 days of departure has to be paid and then file claim based on customary charges (rate as being charged at a hospital in MY).

If you reside more than 90 days overseas, the treatment has to be done in MY in order to claim.

Fair enough cos your premium is paid in RM, not “£”

This post has been edited by roystevenung: Oct 23 2018, 04:56 PM

It depends on your purpose and needs. The increase from 30k to 100k for Death & Crisis Shield is optional. PruAcci Med from 2K to 1M is not correct.


No, PVM is not connected to the death benefit, CSB or PruAcciMed. In short, upgrading the PVM, it is not mandatory to upgrade the Death/CSB/PAM.

Then just do the medical upgrade, the rest is optional.

The answer - yes, you can cancel/customize those riders that you don't need but before you do so, please see below and if possible answer them

I know it is not good to answer a question with a question, however, in this case I will have to ask.

Why are you concern of higher limit on the medical? Are you worried of huge medical bills say > RM200K due to a serious accident or illness?

If you are not concern of huge medical bills, why even bother to upgrade your current medical, right?

This post has been edited by roystevenung: Oct 23 2018, 11:27 PM

It depends on whether the existing policy is from the same insurer and if it is not, whether the insurer accepts "take over" (from other insurer) of the Waiting Period.

However, if it was an upgrade from an existing Prudential medical card and it has surpassed the Waiting Period, the upgraded card will not have any Waiting Period. If the old card has not surpass the Waiting Period of 120 days, eg it is now 70 days, then the upgraded card WP will continue from the 70 days.

For Prudential, we do not accept "Take Over" of the Waiting Period (if the existing policy) is from another insurer.

Upgrade

At the moment the PruMillion Med medical ridercan only exist in PruWith You ILP plan.

Therefore for the time being it has to be transfer of medical card from PruValue Med (attached to the Prulink One) into another policy ILP PruWith You with the PruMillion Med.

2 policy number

Sorry, no. At the moment PruMillion Med can only be attached to PruWith You.

No news as of yet, therefore can't confirm whether 'endorsement' for old policies may include PruMillion Med.

If you are referring to pregnancy complications, infant care, congenital illnesses, then yes, there are insurance coverage during pregnancy 14 weeks into gestation.

However, if your intention for the pregnancy insurance is for the insurer to pay for the baby normal delivery/C-sect, then there is no Malaysian insurer that provides insurance for that (as far as I know).

Education insurance, well, my personal advice is a big fat "No"

Buy insurance for protection, not investment.

This post has been edited by roystevenung: Oct 28 2018, 10:53 PM

PruWealth Campaign Period 1 Sep ~ 31 Dec 2018

NON Medical Limit (NML)
- Age 19 ~ 50 TRSA NML up to RM5m
- Age 51 ~ 60 TRSA NML up to RM3m
- Age 61 ~ 70 TRSA NML up to RM0.5m

Note
1. Non-Medical Limit is subjected to healthy / no major health complication
2. TRSA = Total Relevant Sum Insured (combination of all life policies)
3. If coverage is > RM2M, Financial Underwriting is required