I'm planning to use my money from kwsp acc 1 for investment at prudential...

which type of high risk and medium fund can recommend ?
thanks~

Investment ?

What kind of returns are you expecting ?

If you want to buy the stocks directly then you'll do better in the stock market / unit trust.

Why is there a service charge of RM5 every month for paying the premium with credit card?
Other Insurance companies don't have this.

What credit card are you using? No such thing for CIMB/Maybank?

There is a clause stated in the brochure for PRUlink One PDF.
Go check it out, it's at page 10.

We refer to it in the quotation as policy charge and I have check other insurer's quote. Some put it as policy fee, some refer to it as Admin Charge but yes they have it too.

For ILP the charges are RM72/year for Allianz (Other Charges), RM76.32 for AIA.

You may confirm this by getting a full sales illustration quotes from other insurer.

This post has been edited by roystevenung: Dec 10 2016, 11:58 AM

For those with investment part in their insurance plan, when do they normally declare their dividends normally and how many %? Thanks

Depends on the company practice, they will normally announce it at end of the year

% of the dividend will depend on the fund you've invested into base on your selection

Hi, can any agent pm me for medical insurance with budget max 3k per annum? Thanks.

i check with my agent say insurance charge of medical plan will be increase soon due to medical inflation & rising cost of healthcare in the country, and it is compulsory. the question is what if we dont mind stick with the current plan coverage and dont mind the coverage is not enough, we should have the right to maintain right? is not must force people compulsory to upgrade correct? this is not fair

Hi Robert, the repricing exercise is across the board and not only affect Prudential customers.

Most of the major insurer are forced to increase the cost of insurance due to the medical inflation which seems to be on an upward trend and it not coming down. Even the Doctors are saying they have not increase their fee for the past 20 years.

Even the Appendicitis surgery these days costs ~ Rm10k which costs ~ Rm7k in 2010.

Your agent should already have the new repricing for you and from my list the most is Rm15/mth and the repricing will increase the lifetime limit (rm20k for some).

Well some of my clients whom is unable to upgrade their medical plan further due to medical condition actually welcomes the repricing as it increases their lifetime limit.

Do get in touch with your agent on the detail

some insurance company policy cover quite a lot but policy amount cheap, the reason behind is that policy only can cover for the insurance charges and not mush cash value inside, so once the insurance charges increase, u still pay the same premium charge for the policy but the premium not enough to cover your insurance charges so it will deduct from cash value, if your cash value cannot cover policy amount then only agent will ask to upgrade, i know allianz is using this strategy, at least give ppl choice to choose which is not force ppl must upgrade.

It is essentially the same. The increase of the cost of insurance will ultimately affect the policy holder.

Mind if i ask, the cash values is whose money? Is it the insurer money or your money? It is also your money right?

There is no harm in paying a little more for your investment-linked policy.
Like what roy said, the cash value built up is your money anyway.
Increases in insurance charges will affect everyone across the board.
The cash value built up will then cover for the amount too. Either that or we'll all be forced to do a top-up.
We'll have to pay for it anyhow.

But what's fortunate is we only pay for the insurance premiums.

With that said, I also implore you to dig deeper together with your agent on the emphasis of your policy instead of going with a "paukaliao" package showing nothing but numbers of no significant relevance to you.

This post has been edited by JIUHWEI: Jan 21 2017, 08:38 AM

Hi if a person with Hepatitis B carrier, does not declare in his health insurance form which he signed up 20 years ago... what should he do now ?

Should he go now to declare to the insurance company? Will this forfeit his previous coverage? will his policy be terminated? will be be refunded for termination of policy? or will the policy to modified to exclude hepatitis B related illness?

This post has been edited by Chrono-Trigger: Jan 21 2017, 11:30 AM

Anyone here experience before or anyone here is Prudential agent?

I purchased an investment link insurance from a Prudential agent 5 years ago. Today, I received a SMS from an unknown person. She claimed that my previous agent already quit the service. She is taking over and I need to sign document that she will be my agent.
Is this what Prudential practice? Is she trying to cheat me?

Thanks.

Its quite normal in the insurance industry for agents to come and go.

You may try to call the old agent to clarify whether he has quit the business.

If yes you may then transfer the case to the another agent of your choice (if you have one).

Do note that the new agent will not earn any commission, but more of a service especially during a claim.

If you have any questions just ask.

20 years ago the records are still kept? What is the current condition?

The terms will be dependent on the outcome of the blood test and Underwriting decision.

Is it ok if I do not have specific service agent? Will it affect my policy?

Its entirely up to you to have an agent or not as it will not affect the policy.