Either you diagnose or not diagnose with critical illness, your cash value is the same. Because cash Value is the left over premium after deducted insurance charges. Thus, high coverage will tend to have higher insurance charges and thus eat all the cash value.

I have a quaestion: Do kids need high Life or CI coverage?

As far as i know, only important people in the family whose income is for his family needs high coverage. As for kids, less Life coverage would be better since we don't depend on them for living.

Please advice.

Thanks

Whole life traditional participate insurance for your kids is one of the "worth" investment you should make. By buying rm100k sum assured with very low premium, by the time your kid reaches age 20, the total death benefit could increases to rm300k. Whole life non-par do have "saving" element in there, it may not as good as other investment vehicle but at least it provide low risk low return.

Second reason is, are you going to work if your child dies. It is that plain and simple. Are you taking off 2 weeks? No more like 2 months? Maybe a year. If you had a sibling could you imagine leaving that surviving sibling so you could work? How could you possible focus? this type of policy is replacing your income because you aren’t going to work for a long time.

Hai Pru Agents,

Why is Prudential policies very expensive? Medical card want to upgrade coverage to 80 years old need to pay extra same goes if u want for 90.

Other med cards is not like that.

Don't get offended i just want to know.....

Thanks

Any insurance company wish not to take up medical protection as its really not making that much profits compare with life /36/CI. Try imagine if you have 90% of malaysian getting medical protection from insurance company A and 10% of malaysian getting medical protection from insurance comp B. Which 1 do you think their premier is more expensive?

What is the posibility of getting sick compare from younger age and old age? Insurance and private hospital also a business.

How much for outpatient medical card age 31, male.

If you dont mind, which card gives you FREE upgrade to age 80/90? All medical card will increase, even the international health insurance.

Prudential prefers to charge upfront rather than only increase the premium when we get into our prime age.

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Added on October 13, 2012, 10:31 amSorry, but there is no card that only covers for outpatient. Most cards covers for both inpatient and outpatient. Secondly, if you are concerned with the premium cost, get a card that has co-insurance (cost sharing of the bill) or deductible rather than a card that has full claim.

If you need a quote do PM to me the following:

1. Smoking status
2. Occupation
3. Email address for sending the quote to.

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Added on October 13, 2012, 10:40 amI do agree with this. The premium would be better off to be allocated to the medical rather than high life/CI. I always ask my client this "Do you want to earn money from your children?"

The excess premium can be invested in other areas that generates higher returns to look at education funds.

This post has been edited by roystevenung: Oct 13 2012, 10:40 AM

guys at predential. something i dont understand. need ur enquiries, thank you.

what is hospital daily room and board allowance?

I thought for medical card, the medical bills suppose with room charges can be claimed together, how does hospital daily room and board allowance this get involved?

or u mean insurance only pay for medical fee but not room charges?

and lastly why there are daily room and board allowance rm100, rm200, rm300, rm400?

isnt this room only? whats are the difference.......

This post has been edited by john123x: Oct 13 2012, 03:05 PM

The higher the Hospital R&B that you have you are entitled to stay at a better room, say a room with two bedded. If you stay at a higher R&B then you only need to pay for the difference. For example if you have a RM300 R&B but wants to stay at a single bedded and itll cost RM400/day, you need to pay Rm100 for each day you are hospitalized.

For PRUflexi med if you stay at a room lower than you are entitled for Prudential will reimburse the difference to you. Eg. If you have RM300 R&B but stays at RM200/day R&B, Prudential will reimburse RM100 for each day.

The room charges are billed together as part of the medical card facilities, unless you exceeded your benefit, of course.

The reason for various packaged R&B boils down to your budget and whether you are comfortable to share the room while recuperating at the hospital bed. For me, having someone to chat at the hospital bed helps. The charges for different room rates are actually decided by the hospital.

Think of it like you are going to Genting and at times without booking decided to stay a night there since you got free voucher to a twin sharing room. You could upgrade to a bigger room by paying the differences.

guys, i decided to ask question here, until i am ready.

1.PRUflexi med and pruhealth ,, which is more expensive?
2. PRUflexi med and pruhealth, do both of them provide med card?
3.
-PRUflexi med and pruhealth, why expiry age 70, but premium rate stated until age 60?
-expiry age 80, but premium rate stated until 70?

This post has been edited by john123x: Oct 13 2012, 07:06 PM

Hai Bro,

Of course new product is more expensive than the older ones.
PruFlexi Med is more expensive than PruHealth and both you can attach med card.

I'm having PruHealth and it's coverage is untik age 70. If you want coverage until age 80 you need to pay more.

Roy,

ING med card coverage expires at age 85. I don't have to pay extra.

Prduential vs ING..............which card is better?

Personally i think Prudential is more expensive.

Please advice sifus.

Thanks

1. PRUflexi med is more expensive (approx. 10% more than PRUhealth) as PRUflexi med has options for full claim or RM300 deductible whereas PRUhealth is subjected to coinsunsurance :-

For PRUhealth, the co-insurance amount for in-patient are minimum RM300, 10% of the bill up to a maximum of RM 1K.

2. Both of them are medical riders that needs to be attached to the Investment Link Policy. PRUflexi med is the newer medical plan which we plan to offer to our existing Prudential customer as an upgrade from PRUhealth in the near future.

3. Both PRUhealth & PRUflexi med are able to be extended to age 80,90 & 100. It is much dependent on your budget. The higher the expiry age, the higher the premium is needed in order to support the policy.

If you got quotations from other companies as well, you'd notice the same trend in terms of the premium rate. Most only state for 30 years as its a system limitation from the quotation system. Furthermore trying to project anything longer than 30 years may not be that accurate.

Hai Roy,

If i have Pruhealth and want to up grade to PruFlexi Med as i don't want to pay the co-insurance, is it a good choice?

Will the premium increase or remain the same?

Please advice.

Thanks

http://biz.thestar.com.my/news/story.asp?f...34&sec=business

ING no longer good? What will happen to the existing customers?

If you are worried of the premium then you should take up the RM300 deductible option. Definitely it is better than PRUhealth as we don't have to be worried of the co-insurance. However, do expect additional premium.

In short, for plans which if you opt for no-coinsurance or zero deductible, the premium would be higher.

Deductible works differently from co-insurance. Do have your agent explain the details of how these two differ.

You can ask your agent to calculate for you the variance of the premium should you opt to upgrade to PRUflexi med. Do note that plans with co-insurance tends to be cheaper than plans without co-insurance in the long run.

But if we fell really sick and needs to use the medical card on a regular basis, PRUflexi med would be better since there is no co-insurance or it is capped at RM300.

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Added on October 14, 2012, 12:31 pmIt would be unfair for us to comment on something which we have no knowledge about. Please check with your agent/nearest ING branch.

This post has been edited by roystevenung: Oct 14 2012, 12:31 PM

i think there is a bit of misunderstanding, my question is in the pru flexi and pru health brouchure, there is a table of premium.

for expiry date 70, the table only state premium up to age 60 only, my question is why premium for age 61-70 are not stated in the brochure?

I do believe co-insurance is better, if at retirement age, and if anyone cant pay even a 1k medical bill, then the fellow probably have a failed retirement plan.



other enquiries:
1. can i have pru health standalone without attached to investment linked?
2. can i confirm again, co insurance min 300 max rm1000?
3. do hospital medical bill for accidental injury claimable? i mean broken leg, at private hospital few days
4. if i pay additinal for pru health auto upgrade, will the premium follow the new plan or the original plan, how about No Claim Bonus? ,NCb follow the new plan or the original plan.
5. i do think the pru health auto upgrade is more attractive than pru flexi, pru 150 can be pru 400 by auto upgrade...

This post has been edited by john123x: Oct 14 2012, 12:55 PM

I apologize for the misunderstanding. The premium table for expiry age at 70 is up to age 60 only because after age 61, it is projected that you need to pay the same amount of premium at age 60 till 70.

I couldn't agree more on the retirement thing, furthermore in 30 years time from now the RM1K co-insurance may not be valued at RM1K.
Note: the minimum is RM300 and the maximum co-insurance for in-patient is RM 1K, but for outpatient is 10% up to the maximum is RM 2K.

A bowl of mee costs less than RM 0.50 during my primary school days :-)

PRUhealth & PRUflexi med are riders that needs to be attached to an ILP policy. For PRUhealth, if you're worried on the annual limit, you can attach a rider called PRUannual limit waiver that waives the annual limit.

For example if the bill were to cost RM 200K and the annual limit was RM 75K, we would have to fork out RM 125K even if you have PRUhealth or PRUflexi med.

However, with the PRUannual limit waiver, this is what you need to pay.

1. RM 1K for co-insurance for the 1st RM 75K
2. 10% for the balance of RM 125K = RM12,500

Total that you need to pay is RM 13,500 as oppose to RM 125K without the annual limit waiver.

repost:
3. do hospital medical bill for accidental injury claimable? i mean broken leg, at private hospital few days
4. if i pay additinal for pru health auto upgrade, will the premium follow the new plan or the original plan, how about No Claim Bonus? ,NCb follow the new plan or the original plan.
5. i do think the pru health auto upgrade is more attractive than pru flexi, pru 150 can be pru 400 by auto upgrade...


this part, i really dont understand. "The premium table for expiry age at 70 is up to age 60 only because after age 61, it is projected that you need to pay the same amount of premium at age 60 till 70."
same amount? comparing to ? ??

1. No, as even PRUhealth is a medical rider that needs to be attached to an ILP plan. The good thing about this is that we can add in rider that waives the policy in the event of Total & Permanent Disability or Critical Illness. Stand alone plan is unable to attach waiver riders.

2. For in-patient (ie, if we are admitted to the hospital, the minimum co-insurance is RM 300, 10 % of up to a maximum of RM 1K). For outpatient the minimum co-insurance is 10% up to a maximum of RM 2K). Cancer treatment & kidney dialysis are considered as outpatient.

3. Accidental has never been a problem to claim at private hospital as there is no waiting period for accidental cases. However for medical condition like cancer, tumor, cycst, polyps, ENT, stones etc have 4 months waiting period. Do check the exclusions on the brochure on the specified illness cover.

4. If you attach auto-upgrade the premium you are already paying upfront hence it'll still follow the old plan's premium (meaning you dont have to pay extra) when upgrade occurs. However, when auto upgrade occurs, the insurance charges will follow the new plan. As for the NCB, it'll follow the new plan NCB.

<delete>

5. <delete> Some like PRUhealth while some think's it's a hassle to pay the co-insurance. Hence PRUflexi med was introduced. Its a matter of preference and affordability.

What it mean is that at age 60 till age 70, the insurance charge for PH 150 is are projected to be RM 2449/year until age 70.

This post has been edited by roystevenung: Oct 14 2012, 04:42 PM