Thanks for your reply

Sifu,

Can elaborate a bit more on this "transfer the medical" from 1st policy into 2nd policy ?
Don't really understand what this mean.

I'm having similar medical coverage but with exception that 1st policy is Pru Major Med 1 and then PVM with deductible 20K as well.

Thanks.

Your PMM1 is the first version of medical card and comes with 3x Lifetime limit of the Annual Limit, eg if your annual limit is RM50K, then the Lifetime Limit is RM150K.

Secondly, it expires at age 70 or 80 the most.

The cancer treatment is also limited, RM30K (depending on the contract, do refer to policy document).

That said, if you are still healthy at the point of doing upgrade/endorsement, you may do a Transfer of Medical Card and only maintain one medical card.

Whether to have RM20K deductible or not is depending on whether you can 'swallow' the risk of having to pay RM20K per policy year (annexure year).

However, if at the point of upgrade/endorsement there is a pre-existing illness, then it would be advisable to get another medical card (which will be imposed with Exclusion on the pre-existing illness) and keep the old card. Any claims that falls under the exclusion under the new card is still claimable under the old card.

Thank you so much for the clarification
Yes, I'm aware of the lower limit on coverage (1st medical card).

The "transfer of medical card", is this consider upgrading existing (1st medical) to the new PVM ?

Yes

Hi, sifus here. I currently hold a PruHealth rider with annual limit 60k and lifetime limit 600k. I feel this is really not enough especially with the high medical cost nowadays hence I want to upgrade the limit.

My agent told me if i choose to upgrade my current PruHealth limit, life and death limit will maintain. However, if i buy a new medical card PruValue med, life and death limit is 100k each. I am confused, is this true?

Also, my agent advised me to keep 2 medical cards as some illness are not covered in the new PruValue med and PruHealth is easier to claim.

My agent also told me if I really want to cancel PruHealth and buy the new PruValue med, it is advisable to keep PruHealth for 1 year because in case the insurance company reject my claim under PruValue med (< 1 year), i still have PruHealth to claim.

Can someone advise on the above?

This post has been edited by 7498: Oct 16 2018, 10:21 AM

If your Death Sum Insured is not sufficient, then you may add on the Death coverage on the old policy or look into PruWealth that provides high coverage Rm500k to Rm4m.

The reason for PruWealth is that there is a campaign currently running with no medical checkup limit (up to Rm4m), provided it is a clean case, no medical history.

On the medical upgrade, whether to maintain 2 cards or not depends on your budget, and most importantly your medical history during the application.

For example, if the old medical card does not have any Exclusion for cysts/growth and the cysts/growth had developed, it would be advisable to get a second medical card of which an Exclusion will be imposed on the new med card (as it falls under the preexisting illness).

A preexisting illness means the illness had existed before taking up the insurance.

Any claims for Cysts/growth, it is claimable under the old medical card, whereas any claims unrelated to the cysts/growth, eg major accident is claimable under the second card.

Do note that if you get a second card, the Waiting Period will start all over for new card.

Your old medical card will definitely be easier to claim as it has surpassed the necessary Waiting Period, whereas a new medical card (as a second card) has not.

Please ask your agent to list down the "some illness are not covered in the new PruValue med".

By the way, the new medical card is not PruValue Med, but PruMillion Med. PruValue Med has been selling 3 or 4 years ago.

Yup see above on two medical cards.

However if you are still healthy, with no significant past medical history, you may do a Transfer of medical from PruHealth to PruMillion Med and only maintain one medical card as it can be costly to maintain 2 medical cards at older age.

For Transfer of Medical Card, if the old medical card has surpassed the Waiting Period then the upgraded medical card will have no Waiting Period, otherwise it will follow the previous medical card Waiting Period (sounds fair right?).

This post has been edited by roystevenung: Oct 16 2018, 12:20 PM

Thank you so much ! Learned a lot from your reply above

just review my insurance as below :

PRUlink Assurance Plan MYR 30000.00
Accident Medical Reimbursement MYR 2000.00
Accidental Death & Disablement MYR 20000.00
Crisis Shield Plus MYR 20000.00
Enhanced PRUpayor Basic Yes
PRUmed 1.00 unit(s)
PRUvalue med MYR 200.00 (Room & Board)
Weekly Indemnity 2.00 unit(s)

Is that enough, for now, the current situation
Age: 32, Single

The purpose of life/CI/disability insurance is to act as a replacement of income to you/loved ones or to settle loans, eg PTPTN, car, house loans...

Without knowing what is your purpose for the life/CI/TPD insurance, it wouldn't be fair to say whether the amount is sufficient or not.

It depends on your budget, your expenses and most importantly if we were to pay you Rm20k for total disability, how long can this rm20k last?

I do suggest you talk to your servicing agent to understand your needs better.

Hi sifu, my PruHealth was 4 years old already. If now I want to change from PruHealth to PruValue med, any waiting period?

This post has been edited by 7498: Oct 23 2018, 10:48 AM

No waiting period. You may also look at PruMillion Med if you are bothered with the cumulative total medical claim > Rm1m lifetime limit, you need to bear 20% of the bill in PruValue Med.

If the upgrade is done under PruValue Med, then it is done on the same policy (this is known as Endorsement). If it is done under PruMillion Med, the process is called Medical Card Transfer (into a new policy). This means you will have 2 policies (as PruMillion Med can only be attached to the new PruWith You ILP plan).

Either way, there is no waiting period

Thanks so much! luckily i asked here, my agent told me got waiting period and hence advised me to keep PruHealth for 1 year, dont cancel straight away.

Tell your agent to baca the circular and please there is no sifu here. Just call me Roy 😉

what is the different between PruMillion Med and PRUvalue med?
Any simple table listed out the differences.

haha thanks Roy ! Sorry I have more questions:

1. What will happen to my PRUlink equity fund if I decided to cancel PruHealth and switch to PruValuemed. Any effect?

2. Agent told me I can withdraw PRUlink equity fund - Investment portion anytime but not the "Basic" and " Protection" portion, need to maintain at least 2k balance for those 2

3. Are Death, accident, crisis shield benefit, PRUacci guard, PRUacci med elements under my main policy Prulife ready or medical card? Because I got confused when my agent told me if I get Pruvalue med, those limit will increase but I always thought those are under Prulife ready.

4. Does Pruvalue med cover my oveaseas medical expenses?

Major Differences
1. PMM has a min of annual limit of Rm1.38m, whereas PVM a cumulative (not annual limit) limit of Rm1m (if total cumulative claims is > Rm1m, then Prudential will pay 80% of the bill)

2. Cancer Treatment & Kidney dialysis - for PMM it is able to have an annual limit of Rm1.38m whereas PVM is capped at Rm1.5m per lifetime.

3. PVM has the zero deductible to high deductible option (up to Rm100k deductible), whereas PMM has only Rm300 deductible.

Eg, for PVM, by having a Rm20k deductible for a person age 60, the premium is slightly Rm3k per annum as compared to Rm7k if Rm300 deductible.

4. The Insurance charges for PMM is definitely more higher than PVM, for that you may refer the brochure at Prudential Website.

1. For the medical upgrade portion from PH to PVM, the fund allocation will start over.

2. True

3. It is riders attached to the PruLife Ready (the main ILP policy). PVM is a medical rider that is attached to the PLR. What do you mean by those limit will increase? Which rider are you referring to?

4. Any overseas bill within 90 days of departure has to be paid and then file claim based on customary charges (rate as being charged at a hospital in MY).

If you reside more than 90 days overseas, the treatment has to be done in MY in order to claim.

Fair enough cos your premium is paid in RM, not “£”

This post has been edited by roystevenung: Oct 23 2018, 04:56 PM

For no.3, I am confused because as you said, those are riders attached to PLR but my agent told me if I get the PVM, my death benefit and crisis shield benefit will increase from 30k to 100k, PRUacci med from 2000 to 1mil. So does that mean death benefit, crisis shield benefit and PRUacci med are connected to PVM not PLR?

Actually my main concern is to get a new medical card with higher limit . Can I cancel those riders that I dont need? for eg, PRUacci guard or crisis shield benefit? or customise the limits to suit my need?

It depends on your purpose and needs. The increase from 30k to 100k for Death & Crisis Shield is optional. PruAcci Med from 2K to 1M is not correct.


No, PVM is not connected to the death benefit, CSB or PruAcciMed. In short, upgrading the PVM, it is not mandatory to upgrade the Death/CSB/PAM.

Then just do the medical upgrade, the rest is optional.

The answer - yes, you can cancel/customize those riders that you don't need but before you do so, please see below and if possible answer them

I know it is not good to answer a question with a question, however, in this case I will have to ask.

Why are you concern of higher limit on the medical? Are you worried of huge medical bills say > RM200K due to a serious accident or illness?

If you are not concern of huge medical bills, why even bother to upgrade your current medical, right?

This post has been edited by roystevenung: Oct 23 2018, 11:27 PM