I apologize for the misunderstanding. The premium table for expiry age at 70 is up to age 60 only because after age 61, it is projected that you need to pay the same amount of premium at age 60 till 70.

I couldn't agree more on the retirement thing, furthermore in 30 years time from now the RM1K co-insurance may not be valued at RM1K.
Note: the minimum is RM300 and the maximum co-insurance for in-patient is RM 1K, but for outpatient is 10% up to the maximum is RM 2K.

A bowl of mee costs less than RM 0.50 during my primary school days :-)

PRUhealth & PRUflexi med are riders that needs to be attached to an ILP policy. For PRUhealth, if you're worried on the annual limit, you can attach a rider called PRUannual limit waiver that waives the annual limit.

For example if the bill were to cost RM 200K and the annual limit was RM 75K, we would have to fork out RM 125K even if you have PRUhealth or PRUflexi med.

However, with the PRUannual limit waiver, this is what you need to pay.

1. RM 1K for co-insurance for the 1st RM 75K
2. 10% for the balance of RM 125K = RM12,500

Total that you need to pay is RM 13,500 as oppose to RM 125K without the annual limit waiver.

1. No, as even PRUhealth is a medical rider that needs to be attached to an ILP plan. The good thing about this is that we can add in rider that waives the policy in the event of Total & Permanent Disability or Critical Illness. Stand alone plan is unable to attach waiver riders.

2. For in-patient (ie, if we are admitted to the hospital, the minimum co-insurance is RM 300, 10 % of up to a maximum of RM 1K). For outpatient the minimum co-insurance is 10% up to a maximum of RM 2K). Cancer treatment & kidney dialysis are considered as outpatient.

3. Accidental has never been a problem to claim at private hospital as there is no waiting period for accidental cases. However for medical condition like cancer, tumor, cycst, polyps, ENT, stones etc have 4 months waiting period. Do check the exclusions on the brochure on the specified illness cover.

4. If you attach auto-upgrade the premium you are already paying upfront hence it'll still follow the old plan's premium (meaning you dont have to pay extra) when upgrade occurs. However, when auto upgrade occurs, the insurance charges will follow the new plan. As for the NCB, it'll follow the new plan NCB.

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5. <delete> Some like PRUhealth while some think's it's a hassle to pay the co-insurance. Hence PRUflexi med was introduced. Its a matter of preference and affordability.

What it mean is that at age 60 till age 70, the insurance charge for PH 150 is are projected to be RM 2449/year until age 70.

This post has been edited by roystevenung: Oct 14 2012, 04:42 PM

No, the auto-upgrade is not free, but as an added rider.

As for the insurance charges, http://www2.prudential.com.my/corp/prudent.../pruhealth.html

The insurance charges may seem a lot now but 30 years from now, that amount may not be that much afterall due to inflation.

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Unlike PRUhealth the Room & Board in PRUflexi med does not determine how much is your annual/lifetime limit. For PRUflexi med you are able to choose Room & Board RM200/day with RM 200K annual limit, up to RM 4M lifetime limit.

This post has been edited by roystevenung: Oct 14 2012, 04:41 PM

Hi John, yes you're right, the auto-upgrade feature can be attached to a PH100 plan. Sorry for the inconvenience. My brain seems to be a little bit lazy on Sunday

The Malaysian class policy does not cover if your son stays more than 3 months in the States. When your son gets to the states, get him to inquire about the medical insurance options for foreign students.

Itis extremely expensive to get treatment in the US without an insurance policy. One of my client from the US who is an expat in Penang told me the cost for a heart bypass costs USD500k.

This post has been edited by roystevenung: Jul 11 2013, 11:55 AM

Hi Edward,

1 & 2. Yes, but dont forget that it needs to pay off the insurance charges by deducting the units available.

3. Yes, you can call up the service center on the cash value available. You will also receive a yearly statement on the fund performance and how much is being deducted to pay for the insurance charges. Just make sure your address is up to date.

4. Yes it is possible to change agent but the new agent will not be getting any commission.

First off, when it comes to insurance, you need to understand that for as long as you want to enjoy the protection benefits, you will be needed to pay.

Take an example of your car insurance. Are you only planning to pay up to age 55? Without paying yoyr car insurance, you cannot drive your car. The same analogy applies when it comes to life and medical insurance.

The standard term for medical cover is up to age 80, and if you are paying only up to age 55, that is another 25 years of not-paying. It is definitely not enough cash values accumulated in order to auto-run the policy till age 80 if there is a medical plan attached to it.

You can take a look at the brochure on the projected insurance charges each insurance company offers. For a medicsl cover that covers up till age 80, at age 66-70 the insurance charges for medical alone for a Rm100k cover can be as high as Rm9k per year.

Hence, it is advisable to plan for paying the monthly premium for up to age 70 or 80 (depending on the medical term).

1 & 2. Yes, definitely it does cover. Accidents do not have any waiting period and for accidental cases the cover starts immeidiately once the policy is approved.

Do note that by paying the first payment to the agent does not construed to policy being approve. Approval to get the policy is done by the underwriters which would take 1-2 working days.

3. Waiting Period.
- For fever/flu there is a 30 days waiting period.
- For Ears, nose, throat infection (including sinus and throat conditions), there is a 120days waiting period
- Broken knee due to fall is considered accidental cases and there is no waiting period upon policy inception

4. 1st year 40%, 50%, 60%, 70%, 80%, 90%, 100% (on the 7th year onwards) of the premium will be allocated to buy you units. Do note that if you are paying Rm200 per month, it does not mean you will get Rm200 cash value credited into your account.

How many units is being credited into your policy account will be dependent on the fund value at the time the premium is being credited.

5. You will be notified by sending you a letter to notify you. If there are not enough cash value to pay for the insurance charges on the second month, then the policy will lapse. Do note that upon revival, the waiting period reapplies.

There are cases where the client lapse the policy and later found certain illnesses and hence wants to get covered.

6. PRUflexi med is a medical card. If you want it to provide coverage until you are age 70, or 80, then the Insurance charges will need to be paid until age 70 or 80.

Insurance charges will go up by age irrespective of when you get it EVEN THOUGH the premium does not go up by age. Take a look at the full quotation on the column of insurance charges, not the premium.

If you are age 30, the annual insurance charges will be in the range of Rm1500, but when you are 60, the insurance charges may be in the range of Rm3k per year. The variance of the insurance charges will need to be deducted from your cash value at later years.

Whenever there is a medical card being attached to the policy, it is NOT for savings or investments. Its like your car insurance, if you stop paying the insurance charges, the cover stops. For illnesses, like heart, stroke, severe bone issues, severe diabetic that causes kidney to fail are normally associated with old age. Insurance is for protection, not for investment. That is when most people need the medical insurance the most.

At older age, it is not easy to get a medical card and even so, the premium would be high. Also, at age 60, most of us have to rely solely on our personal medical card as our company medical card is ended once retired.

When the policy starts, upon receive the policy document, there is a 15 days cooling off period. During this 15 days, just return the policy for a full refund if you are not satisfied with it.

This post has been edited by roystevenung: Aug 4 2013, 08:43 AM

1. PRUflexi med is a medical card and it only covers the person being insured, and not the vehicle. For the vehicle, thats where your car insurance will come in.

As to whether there is compensation paid will depend on whether you add in the rider call Hospital Benefit(HB). 1 unit of HB is pays Rm50 per day if admitted to the hospital. The HB is paid based on the number of days that the hospital is claiming from Prudential.

If you have 4 units of HB, and was admitted to the hospital as an inpatient, then you will be paid RM 1, 000. The check for HB normally takes 2-3 weeks to arrive upon discharge from the hospital.

Under the PRUflexi med plan, if you are entitled to stay in a higher room, but chose not to, Prudential will reimburse to you the difference. For example if the room that you are entiled for is RM300 per day, but you are OK to stay in a RM150 per day room.

For the 5 days admission, Prudential will reimburse RM150 x 5 = RM750

2. You could add in PRUacci income (PAI) for MC, but it is limited to accidental cases only. One unit of PAI pays Rm50 per week for partial disability and up to Rm100 per week for temporary permanent disability.

If an accident that renders us to be on wheelchair for 6 months and having 5 units of PAI it pays RM500 per week, which equals to RM2k per month.

3. PRUclinic care (PCC) is an add on card on top of PRUflexi med. It is used in clinics including seeking treatment for minor flu or fever. In a year you are entitled to claim up to Rm1500. Just waive the PC card at any clinic having the PCC logo.

After the 2 year term has ended, the cover for PCC will end and is subject to be renewed. PCC was introduced in 2011 and it is still new. We are still looking at the claims ratio for PCC.

PCC is by age band and covers up to age 60 only. Do refer to the brochure on the cost for PCC.

4. Yes, the Rm1500 limit per year is a separate amount under the PCC and has nothing to do with the PRUflexi med medical card. It is used in clinics whereas the PRUflexi med is used at the hospital for hospital admission.

5. If you exceed the RM1500 per year limit, then subsequent clinic cost needs to be paid by cash. Having said that, I had never seen anyone claim RM1500 per year for clinic. Do note that PCC can only be use at any GP and not specialist clinics. For example child specialist is not covered.

6. If there is a minor accident and you have both PAI and PCC but was not admittee to the hospital, the clinic cost (for example dressing and xray cost) is covered by the PCC. Subsequently, you may get the receipt and ssk the doctor to write behind the receipt the causes of accident in order to claim for PAI.

You also need to submit the MC as given by the Doctor.

PRUhealth is the medical card, of which it is used to pay the hospital bill if we need to be hospitalized. That will help your family not be burden by the hospital bill.

The hospital claims will not affect your cash values if there is any.

Upon death of the insured person, the cash values + sum insured (life cover) will be paid out (no matter if its traditional or investment link policy).

However, do note that even though your premium does not go up by age, your insurance charges will. At age 60 and above the insurance charges may be double of what you are paying when you are in your 30s.

The variance of the premium paid and the insurance charges will be deducted from your cash value should the premium paid is not enough to cover the insurance charges.

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

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

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.

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

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

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

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

For new policies that are without any cash values, it is 30 days, at the next billing cycle.

However if the policy has accumulated sufficient cash values, the policy will continue to be inforced for as long as the accumulated cash values is able to sustain the insurance charges for each of the riders.

During this phase, the policy may go into partial lapse and upon depletion of the cash value, a full lapse may occur.

To revive a full lapse policy requires the policyholder to pay up all outstanding premium & provide health declaration all over.

This post has been edited by roystevenung: Dec 3 2014, 12:59 PM