1 & 2. You may ask for a quote to lower the sustainability (until the child is age 60) while maximizing the cover with PruMillion Med / double parent payor to see if it is still within your budget.

3. You may want to read what is covered in more detailed for the TMCC before deciding whether it is necessary to be added now or later.

The covered congenital conditions will only be covered up to the child is 5 years old and it is payable from the Infant Care Benefit, not from the medical card (PruValue Med or PruMillion Med). The medical card does not cover any congenital conditions as stipulated in the medical policy contract.

The advantage of getting the child insurance whilst in the pregnancy stage is that (touch wood) even if the child is born with a congenital condition/s the insurance will be accepted.

If one were to only get the insurance after the child is born (and with a congenital condition), the insurer may not want to accept the application or defer the insurance application.

The auto extension is for the sustainability from age 60 to say age 80/90 or even 100. You may decide to increase this by doing endorsement later when your 'budget' gets better. ​Better still, let the kid decide when they start working.

Try again tomorrow afternoon/evening (2nd onwards). Few of my clients also been having issue unable to pay on the 1st as the due date is 1st.

Maybe programmer tertidur, ">=" <> ">"

Already feedback but maybe need RM70M to fix

The issue is not due to premium increase as experienced by a handful of my clients paying via Pruaccess (none of them had premium increase).

The Pruaccess is easier to pay if one has a multiple polices to pay and provides another level of security as there is a need for logging in using password.

To answer your question, you need to look at your current's policy sustainability. If your current policy sustainability is up to age 80, then if you add TMCC to the existing policy the TMCC cost of insurance is also calculated to sustain up to age 80 (since TMCC is a rider that will follow the policy sustainability term).

Do you think you'd still be working to generate an income at age 75 or would you have retired?

If not, then just start with a new TMCC policy limiting the sustainability age to 60 or 70 (albeit with a lower premium) to act as income protection during our productive years.

There is no right / wrong here. You may gradually build up the CI if think this would be an issue for you.

My Transaction

-> Online Payment = Do one off payment
-> Online Enrolment = Enroll your credit card/debit card for recurring payment

If you paid on 2nd, then it should not pay again.

Even if it does (bill you twice), you can ask your agent to 'refund' it to you or just let it be to deduct the next month transaction (assuming if it is on monthly)

This post has been edited by roystevenung: Jul 9 2021, 10:59 PM

I think you selected the "Online Enrolment" by mistake when you made the previous payment. Otherwise Pru will not enroll you for the credit card as Pru will be liable to legal proceedings if they do that (PDPA and such).

To change the payment method back to cash, you can download this form from PruAccess



This post has been edited by roystevenung: Jul 10 2021, 10:03 AM

For "Online Payment" there is this screen that will also ask whether you want to enroll the CC/Debit card for recurring payment.

If you do not wish to do online enrolment, make sure you do not click it. Just click Next to proceed with the one off payment.

Anyway if you wish to discontinue the enrolment, just fill in the form to convert it back to cash.

I kind of agree with you on this, the timing a bit out.

We were told that it was supposed to be last year, but has been postponed to this year. Most of the major insurer also increase price (last year and this year), not only Pru.

As a consumer ourselves, we also don't like the increase, but medical inflation is real.

A 3 days 2 nights admission to a specialist hospital for fever and flu that used to cost < RM1K in 2010, is RM4.5k today.

Anyhow, based on the letter, do you have the option to further reduce the premium? (ie, change from full claim to deductible?). If available, better opt for a deductible plan to reduce the cost of insurance.

There are 3 compelling reasons why opting for upgrade is a better choice as compared to buying a new policy, if your health permits.

1. The upgraded card is not subjected to the 120 days Specific Illness Waiting Period (SIWP) and the 2 years Incontestability Clause.

Meaning, if you were to start a new policy (instead of upgrading), and should a claim (eg kidney stones) happens in during the SIWP, the claim will be rejected.

2. Your premium allocation rate does not start all over (only the upgraded part will), meaning your cash value is higher compared to starting a new plan.

3. The agent commission earned is only on the upgraded portion, not an entirely new policy

Lets say your current policy premium payment RM200, and if upgrade, it will cost RM250, agent only earns Rm50 as compared to giving you a new policy.

The 2 years incontestability means that the insurer can defer the claim and investigate whether the claim falls under pre-existing illness, especially if the claim amount is huge.

This is applicable to most insurer, not only Prudential.

You're 8 years older, i don't see how it can be cheaper as insurance charges goes up as you grow older.

It depends on the type of plan you are going to subscribe to. If it is an investment linked product, then no, there is no discount

However if it is a traditional plan (mostly for savings only) then yes. I suggest getting a FULL Quotation from the agent you're subscribing to.

In the quote it will mention if there are discounts depending on the frequency of payment :- between monthly, quarterly, half yearly and yearly.