Seem like FlexiMed is a better deal... make me jealous lah (I'm having PruHealth), does it means Prudential don't give any incentive to 'old customer'?

If no claim on medical (which is highly probably for a normal person), then NCB (No Claim Bonus) has to take into account.

That mean RM500(NCB)/12 = RM 42.00 (roughly)

Therefore the net premium for Pruhealth should be RM170 per month( RM212-RM42).

Compare with Pru FlexiMed RM222 per month, Pruhealth is 30% cheaper (RM222-RM170/RM170).

This 30% is used to offset increase in benefit (e.g. Coverage RM200,000 (150,000 Pruhealth).
Overall, it is no much difference though new medical policy seem to cover more.

This post has been edited by firee818: Mar 9 2012, 09:55 AM

Personally I prefer Pruhealth, I notice Pruhealth policy holder will have much higher cash value after sometime due to the NCB. Don't worry you got urself a great deal.

Do you have premium VS age band for the new plan?

I have a question want to ask the masters from the Prudential.

I have a Prudential Insurance that I bought 6 years ago. Currently I want to upgrade my plan to a better plan.

But I found myself difficult to communicate with my current Prudential agent that sold me the plan 6 years ago.

My situation happen like this.

I am a University graduate and working in financial industry for many years. So I have the knowledge and background in the financial products. My insurance agent not even graduate from SPM.

Last few days, I called up my agent saying that I want to upgrade my current plan.

First day, he came to my house. He spend 4 hours to talk, talk and talk. I found myself difficult to understand what is he talking about? Many of the things I already knew as I have friends who are agents from other Insurance Company. I told him what I want and what are my concern. But he told me his things and not straight away answer to my questions. At the end he told me this is his things and this is my things and ask me to sum it up. What is this???? He is unable to answer to my questions and not paying attention to my concern.

My younger sister and mum also interested to buy the insurance from Prudential. But he came up a plan that is so expensive for both of them. And my new plan also very expensive. This make my younger sis not happy with it.

At the end, he say he need to come to my house the next day as his things not yet finish. So, the second day, he came again for 3 hours and continue his talking. I was a bit lost my patience and tell him plz listen to what are my concerns and what are my questions. But he still continue his talking. This really make me . At the end he only make me to have more doubts and more questions. Also it's seem that many things he is trying not to let me know. He seem not honest to me. After so long he's talking, I not even know the name of the plan he is recommend to me.

If i am not satisfied with my current agent, can I know how many time do Prudential will allow me to change my agent? Can I change my agent until I am satisfied with it? Plz help. Thanks.

since your policy is 6 YO, i believe most likely it's PRUlink Assurance Plan series 5. it is possible for you to upgrade your benefits within this account itself and i don't see a need for you to get a new account (unless you want a different account such as endowment?). if just for normal upgrade like sum assured, critical illness cover, medical cover, PA, you can always look for a new agent to get it done for you by you transferring the servicing rights to the new agent. just need to sign a form and that's it. get an agent who actually listens to you and understands your needs. peace mate!

if you planning change to prudential bsn takaful , let me know right away, or pm your detail,
will be asking my manager how to discuss the issues with you

I just got my Prudential policy from agent after approved for almost 5 months
He is my good friend's friend whom I know also. Looks like he got inyo new business and quite inactive at.he moment
He don't even pass yhe policy n explain to me. Instead he ask my friend pass to me.

I feel like surrender the policy and apply new one ... Is it advisable?

After go through the policy on my own, I think this is prulife ready with investment
Each mth pay rm180. I found out a lot things seem to be differ from what I told..

Can I change to another plan? Or readjust the amount allocation?

Can I also switch to new agent who can guide me thru my policy and my queries?

Thanks a lot

any prudential assurance agent , please pm me need to discuss ..

Well that's should not be the way . . . after all you are his customer.

This post has been edited by Colaboy: Mar 23 2012, 11:59 PM

Yes I know .. but this is what happening now

Getting a LIFE insurance is an extremely long term commitment. It may be longer than your housing loans and some will be as long as you're alive!

Before you surrender the policy, please do seek a second opinion on the policy that you've bought. It is never beneficial to cancel the policy. If you have a scanner, scan the page have the details of the coverage, the number of terms and email it to me, stevenung1971@gmail.com. I'll be more than happy to advice what you had done.

Remember, it is not your friend who will eventually pays for the hospitalization bill, but the insurance company. If your plan is good, just switch to another agent.

However when you transfer the policy to the new agent, he/she does not earn any commission (which is our bread & butter). We could only hope that you kesian us and recommend us to your friends, that is if you're satisfied with the newly appointed agent.

HTH,

Roy Steven Ung, 016-451 5957
Prudential Assurance (M) Bhd
KWSP Penang

---

Added on March 26, 2012, 9:01 pmAs you may already know older medical cards, no doubt is very good in the terms & conditions lacks the lifetime limit cover. The medical inflation is at 15% per annum currently and people having RM150K lifetime limit may find themselves medically board out should they are down with an severe illness / accident.

Hence it is always good to review the medical card every 5 years to curb the medical inflation. The medical upgrading you may opt to upgrade the room & board. Today at a private hospital, a 2 bedded room costs RM 150~ 180 per day and if you're carrying the RM100 plan, you may need to pay the difference should hospitalization occurs. However that is very minor as to compared to the lifetime limit increase.

If you're being offered to upgrade to Pruhealth not only it retains the old term & conditions it also gives the client up to 10 times the lifetime limit. As honest as I can be, the reason why you may be able to selected as still able to upgrade is because you have not claimed before. If you've claimed you may not be selected, but we could appeal if it is a minor claim.

However (this applies to any insurer), once you've made a major claim - sadly to say that not only you're not able to do any upgrading, you can never get another life insurance policy (even from other company).

You can change the servicing agent - it is your right to do so. Do note that policies after 6 years is no longer any commission and I'm sure many full time agents are more willing to help you get the transfer done because our business is a servicing related and is helping people.

We always take a look at your commitment, cash flow & most importantly your needs but most importantly providing you with sound information to make the right decision.

Give me a ring anytime, if you want to chat. Meeting up would be the best.

HTH

Roy Steven Ung,
H/P: 016-451 5957 email: stevenung1971@gmail.com
Prudential Assurance (M) Bhd
KWSP Penang






This post has been edited by roystevenung: Mar 26 2012, 09:01 PM

What are the pro and con bewteen Pruhealth and PRUflexi Med? Still didnt seem much differ and Pruhealth got NCB which look better

Its depend on individual actually . . . some prefer fleximed because of 0 co-insurance
some like you prefer PruHealth because of NCB, it caters for different market

I wouldn't call it pro/con as like Colaboy said, its up to individuals based on budget & needs. However the new PruFlexiMed do look interesting.

Here is a list of differences between PH & PFM.

1. Daily Room & Board choice:
- PH is able to choose which plan they want, 100, 150, 200, 300, 400
- PFM, No fixed plan, clients can choose based on their budget & needs,
Min 100, increment in the multiple of RM50, Max 400
Payments under R&B for PFM does not reduce the annual limit
If you stay in a lower R&B, we will pay you back the difference

2. Outpatient treatment benefit:
- PH Prehospitalization, 30 days before admission
- PFM Prehospitalization, 90 days before admission

3. Emergency Treatment for accidental injury
- PH, depending on the R&B selected, 1K, 1.5k, 2k, 3k, 4k
- PFM, 2% of the annual limit

4. Annual Limit
- PH, depending on the R&B selected, 50K, 62.5k, 75k, 100k, 150k
- PFM, min RM 50K, increments in multiples of RM 10K, max RM200k

5. Lifetime limit
- PH, up to 10x annual limit, if annual limit is RM 150K, lifetime limit = 1.5m
- PFM, up to 20x annual limit, if annual limit is RM 150K, lifetime limit = 3m

6. Co-Insurance
- PH, Inpatient 10%, Min RM 300, Max Rm 1k. Outpatient, 10%, Max Rm 2K. Deductible choice of RM 3K or RM 10k
- PFM, deductible of RM 0 (no co-insurance) or a Rm 300

7. No Claim Bonus
- PH, depending on the R&B selected, Rm 100, RM 150, RM 300, Rm 400, RM 500
- PH, able to attach PruAnnual Limit Waiver, if exceeds annual limit, client just pay RM 10% co-insurance on the balance
- PFM, Not available for NCB

8. Exclusions, PH & PFM no difference.

Other features not mentioned here are the same between PH & PFM.

Due to the No Co-Insurance / RM 300 co-insurance the premium for PFM is about 10% more than PH.

what does PFM mean in "the increment in the multiple amount"?

It means the client can select whether they want to have a minimum annual limit of RM 50K or they can choose RM 60k, 70k... till RM 200K, irrespective if they have a RM 100 R&B! Now that's what we call flexibility. Nice right?

For PH the R&B you selected determines your annual and lifetime limit.

I had checkout with 1 of the agent from prudential..

FlexiMed
*Premium - RM300/month
*Coverage - RM80,000 p.a / RM1.6 Mil lifetime
*Room & Board - RM100
*Pay Zero when admited
*CI - RM150,000
*PA - RM50,000
*Death - RM150,000
*TDP - RM150,000

until 70 yr old, consider ok?

1. If you're okay to be staying at a RM 100/day room (6 bedded) or don't mind paying the difference in room rates, then RM 100 R/B is okay. We don't get admitted that often anyway.

2. I wouldn't term it as Pay Zero when admitted. Clients are normally required to put in a deposit, RM 300~500 (depending on hospital).

Do note that take home drugs, examination test & long term medications is not payable under the new policy contract.

3. If possible, top up the PA to RM200K as its cheap

Overall looks good.

"Do note that take home drugs, examination test & long term medications is not payable under the new policy contract."

what u mean by that? meaning this new policy didnt cover long term medications compare to the old policy... eg. Pruhealth?