Hey guys,

my sister bought a PrudentialBSN Takaful Medical Card on Year2007,

Below are the details of benefits :


Questions,

Should her surrender the current plan and change to this > PRUvalue med (buy new) instead?

Better to upgrade to Health Enrich as there is no waiting period if you do this

Beside the waiting period for buy new plan,

what is the different?

I guess the major difference of these two is,

annual limit?

I a bit lost if keep on reading the similar brochures..

buy the Prubsn Anugerah plan bro..its a traditional medical card. (not Investment link product)

unlimited lifetime limit. got annual limit starting from 150k per annum

32 male smoker only rm 106. can supplement the card u having now.

Bro.aee there any plans (medical card or critical illness) out there for elderly at 63 years old?

Ermm..

Not intend to switch product,

But wanted to switch from PruBSN to Prudential..

The guy told me PRUvalue med is just a purely medical card?


I thought it supposedly cover the Death & TPD and CI and also Investment Link ?

PruValue Med is a medical card rider that needs to be attached to the ILP plan. You can add on the life, CI accident

who said to u? PVM is a rider attached to investment link plan lah..haha

any reason why u wanna switch from prubsn to pru? anyway which card u having now?

prubsn anugerah is a traditional plan...non ILP..hence cheaper price..but downside is little cash value lar. but cheaper mah. look at what is your financial needs oso

which mean the Life and CI Accident riders can add-on to the medical card ?

the so call insurance guy.

I having the PruBSN Medical Card with riders attached I believe,

You may refer to my previous reply.

Reason why I wanna switch is because the guy told me the medical card coverage no longer able to cope for the future medical cost woh...

FYI, This year onward I need to pay RM135+ monthly for the PruBSN Medical card..

No, PruValue Med is a medical rider and it needs to be attached to an ILP product, namely PruLife Ready (<25 yo), PruLink One (>25yo) and PruWithYou (latest ILP plan).

The life, critical illness, accident and other riders may be attached alongside with the PruValue Med.

how many years already u taking the current medical plan? whats the yearly limit?

how old are you? instead of taking new card why not take additional med card to supplement your medical needs. additional rm 150k annual limit & unlimited lifetime limit...cheaper oso. so backup your current card

bear in mind if you already claimed with your current card making it harder (more thorough checking) if u wanna take pruvalue med. plus the additional waiting period. but again upto you lor

It is advisable to change your medical card plan. No need to buy a new set of policy just for medical..
We named this process as endorsement. Means take out your medical plan from your old policy and then add in the new one.

I'm okay with the Medical Card with ILP Products,

my concern is if I wanna add-on Rider for Life, CI & Accident,

the monthly price definitely not as what brochure showed right?


I guess the Medical Card that I'm using now is about 11year+,

Not sure about the yearly limit but I guess the limit not high since bought it 10years ago.

the agent told me if I surrender the current plan I could take back about RM6k+.

Born in Year1982, March birthday.

Just wondering the waiting period is 3 months or 12 months?

hmm...
how come my agent suggest me to buy new plan from Prudential instead but not from PrudentialBSN?



Thanks for everyone who replied on my query, appreciated.

This post has been edited by ahpaul82: Jan 28 2018, 09:55 PM

just get an endorsement to increase higher limit card according your budget

I was looking at the prumed brochure recently and a friends quote. Some qs

1. If I take deductible RM20k coz I already have company or say GE basic medical card. I understand that Pru only cover once reach RM20k. But in real life how does it work? So when warded who's GL to use? Then Pru pay first or how to split the bill, i.e. first RM20k to my basic insurance, then after RM20k switch to Pru for bills?

2. My friends showed me a quote he got, but funnily I can't see the age coverage even he told agent he want up to 90 years coverage...

Any help is appreciated.

The high deductible option is nothing new and it is used in most International Insurer to reduce the premium, especially at older age. When a person is retired, having to fork out > RM10K per year could be a problem, which is where the high deductible comes in.

1. Use the company medical card to get GL (or pay cash, your choice) and once the bill is > RM20k, Prudential can take over the bill > RM20K.

2. For the latest PruWith You, contractually, the term is written as age 100. However, in order to ensure that the policy is able to be covered till age 100, the premium paid + investment accumulated must be able to sustain the insurance charges.

Duly note that the projected figures for the investment portion is merely projection and may differ from the actual fund performance. However, it does help if a yearly monitoring (at least) is done to ensure the policy sustainability until the end of the term.

There is no free lunch in insurance, if you pay less now, the policy will not be able to be sustain especially at older age > 70 where the insurance charges can go as high as RM10K pa (without the deductible RM20K).

The high deductible option is nothing new and it is used in most International Insurer to reduce the premium, especially at older age. When a person is retired, having to fork out > RM10K per year could be a problem, which is where the high deductible comes in.

1. Use the company medical card to get GL (or pay cash, your choice) and once the bill is > RM20k, Prudential can take over the bill > RM20K.

2. For the latest PruWith You, contractually, the term is written as age 100. However, in order to ensure that the policy is able to be covered till age 100, the premium paid + investment accumulated must be able to sustain the insurance charges.

Duly note that the projected figures for the investment portion is merely projection and may differ from the actual fund performance. However, it does help if a yearly monitoring (at least) is done to ensure the policy sustainability until the end of the term.

There is no free lunch in insurance, if you pay less now, the policy will not be able to be sustain especially at older age > 70 where the insurance charges can go as high as RM10K pa (without the deductible RM20K).

Thanks. Can u set the deductible date as per the brochure?

Yes, the date of deductible needs to be the same as your 1st policy annexure date. And the RM20K deductible is not per event, but for the whole annexure year.

Do talk to your servicing agent for more information on how the deductible is applied.

Wanna ask in terms of claims, any difference between Takaful and conventional insurance ?

Was thinking of getting prubsn anugerah medical and life.