Personally I recommend the Rm100 (4-6 bedded) and if you require and are OK to pay the variance for a 2 bedded or better room. It is not always you get hospitalized and the bed is for resting or recuperating, not a hotel room!

Though some people just wants privacy (and/or worried of cross contamination from other patients) when getting admitted, therefore they opt for a double or single bed.

My agent told me start from1 July, the value med medical card will automatic protect till 100 years old. Is it true? I want to confirm first because she gave me the quotation still is expired at 70 years old. She said system not changed yet. After changing, it will become 100 years old.

Yes, it is a new initiative, only for PruValue Med and PruHealth. As long as the cash value is able to sustain the insurance charges until age 100.

For existing customers, it will be offered in stages, yet to be announced.

Extend to age 100, with no extra cost? Or deduct from cash value / unit trust fund? Kinfly confirm.

Thanks.

Extend to age 100 with no extra premium now and it will deduct from the cash value when the insurance charges is > the premium paid.

If there is no more cash value, then a top up or higher premium is required to be collected in order to sustain the policy.

Thanks for clarifications.

Deduct from cash value = customer is paying himself/herself... I thought it is free upgrade at no cost

Sorry bro, but there is no such thing as free upgrade

Whilst the insurer would want to give everything to the client, the hospitals/medical inflation keeps rising which impacts the claims highly. An angiogram that once costs RM2K in 2006 is now RM12K in 2017.

Rule of a thumb on insurance is there is no free lunch and everything comes at a cost, especially medical insurance.

So if my budget is 300 per month. My purpose is focus on medical card after 70 years old, mean till 90 years old. Now i should buy medical card coverage till 90 years old that cost me higher premium at this moment. Mean i pay 300 per month.

Or buy coverage till 70 years old with lower premium at this moment. Mean i pay 200 per month. Then plus saver account 100.

Which one is better? I still a bit worry about automatic to 100 years old that new policy. If i choose coverage till 70 years old medical card, afraid later cannot automatic to 100 years old. If i choose coverage till 90 years old that kind of premium, commission will give more to agent, is it? Because if choose saver account, the saver account agent got less commission. Is it? Can u clarify for me? Thank you.

no free things la, unless money grow on a tree.

You need to know that, if you contribute lower amount now, the future cash value in the account might be lower or higher because there is not enough money given to the insurance company to help you to reinvest.

Therefore, if you contribute a higher amount, overtime, your cash value will grow bigger as well.

It's the same concept as FD, the lesser amount you put with the bank, the lesser amount of interest you get, simple as that.

In the concept of insurance, the policy will be able to sustain even longer if your cash value is higher than your cost of insurance and able to generate interest on top of the cost of insurance to cover it.

Your agent might not like what I have to say in forum, therefore its better I PM you

Double

This post has been edited by roystevenung: Jul 6 2017, 11:47 PM

Okay, noted, at least, Prudential provide the option of extending the medical card coverage after the expiring date

Haha...I just wish our RINGGIT don't drop further...

Btw, those cash value or returns are not guarantee, it could be higher/lower... If I have extra money, I would like to manage/invest myself, instead of leave it to the insurance companies...just my own opinion

This post has been edited by clickNsnap: Jul 7 2017, 12:35 AM

Will the existing insured get a choice to choose or not?
How does it work actually? Let say, if the existing customers bought until 70 years, they will offer until 100 years with no extra cost. Obviously, it is good to take it. But, when the extra cost being added into the premium take place? When is the time to make the decision, is it at the age of 70 (expiry date) or the life insured need to make the decision now...

This post has been edited by firee818: Jul 7 2017, 12:24 PM

Pls pm me as well.
Tq so much.

Hi all, this isn't a question on what Prudential offers but more on the practice. Hope I didn't stray from the topic.

Last week I was approached by my company's insurance agent. She intro me this savings plan (Prulink) and say that she can draft out the plan for me to consider before starting. Towards the end only she told me that a deposit of rm300 will be taken from me before she drafts out the plan. After that she assures me that I will receive an sms to authorise the deposit.

Two days after I still didn't receive the sms and I told her through message that I'm not interested anymore. The next day she told me the transaction went through and asks to meet up. Is this normal?

No such thing as draft out a plan to consider and payment is required.

The sales quote is given for free aka no need any deposit or up front payment for drafting out a plan for you to consider.

Once you had confirm on which plan to go for, only then the case is allowed to be deducted for payment.

It is more of a sales tactic to get you sign up faster...

Anyway you may request her to withdraw the application if you dont agree with the plan or exercise your right to withdraw within 15 days (free look period) you receive the policy.

Thanks for the clarification!

Wow... This is something new on such sales tactics. I don't think this is even authorised by LIAM practice.

You can file a complain against her to LIAM if you feel that this is a serious matter

Quotation can be obtain for Free from any insurance agent from any company. If you feel that this person is charging you to just get quote then you can always find another agent that might offer it for free

This post has been edited by lifebalance: Jul 8 2017, 11:16 AM

Hi Roy,

Once I have decided to sign up the application, do I need to pay up front? Or wait till medical check up and the application is accepted...then only pay?

Thanks!