1. The PruHealth (PH) comes with an annual limit and lifetime limit of Rm150K/Rm1,560,000 while the PruValue Med (PVM) comes with MedValue Point (MVP) Rm1M to Rm2M and no lifetime limit. If the total cumulative bills exceeds the MVP, Prudential will still pay 80% of the bill.

PH comes with a co insurance plan min Rm300 or 10%, maximum Rm1k (inpatient) and 10% up to a maximum of Rm2k for outpatient.

PVM comes with the option of full claim, Rm300 deductibles.

* For PVM, for Cancer Treatment and Kidney Dialysis, it do cover Take Home Drugs, Long Term Medication and Consultation Charges" while PH does not as it is an older plan.

Plans aside, if you are not worried of getting ICU or cancer for a prolonged period of time then there is no need to upgrade as of yet.

* Ps. A 30 days ICU due to Stroke or coma due to a major accident can costs > Rm120k at a private hospital. If the bill is Rm250K then for PH, you are required to settle the Rm100K with the hospital

2.
Pros: Covers Take Home Drugs, Long Term Meds and Consultation Charges and will be able to take care of larger bills in one go.

For PVM plans with Rm300 Room, for every 2 years of no claim, the MVP will be increased by 2%, eg MVP Rm1m will be Rm1,020,000 after 2 years of no claim, irrespective of the medical condition.

Cons: Naturally PVM comes with a higher insurance charge as compared to PH as the sum at risk is only Rm150k, while PVM Rm1m

No NCB for PVM

3. No, the NCB will be dropped since PVM does not have this feature of the NCB.

4. Most likely it will, and how much higher will it cost will depend on the types of riders you have in the plan. If you only drop PH and get PVM, do expect the premium to increase 20%-30%.

That is why for some of my clients, i do advice them to drop some of the add ons benefits such as "Hospital Income" and concentrate on the bigger hospital bills.

You may ask your servicing agent to generate a quote for you as simulation for upgrade.

PruHealth 400 Annual limit Rm150k, lifetime limit Rm1,560,000

Having said the above, it is best to sit down and review with your servicing agent to understand what add on riders you have and whether it is necessary to have them.

This post has been edited by roystevenung: Mar 13 2017, 10:03 AM

1. No, there is no limit or max cap, no lifetime limit per se

2. No, as the maximum plan is only up to Rm250k for PruHealth plans (Room Rm600/day) which comes with a NCB of Rm700/year

1. Yes it is normal unless you add on PruSaver of which 95% of it will be going to purchase units which will be reflected in the Investment Unit Account ( IUA), 3% agent comm, 2% admin fee

2. No, it is fixed allocation and it also depends on the policy year. For example the 1st year allocation for BUA and PUA is 40% and will only be 100%'after 7 years. The allocation table is being illustrated in the Sales Quotation.

3. No unless you specifically put it to PruSaver.

4. If the policy is over 7 years then no as 100% of it will be used to buy you units and insurance charges is being charged by cancelling units.

5. I am afraid that it is only available during the Sales Quotation. It is a very good question.

However I dont see any system that is currently available on the agent panel that is able to view this info.

Perhaps you may email to Customer Service if you need this info to be included in the PruAccess Customer Portal.

PruAccess Online Customer Portal

6. Pls see answer 5.

Thanks

1. Yes

2. No, unless you increase or decrease the BUA or PUA protection.

3. Even if the BUA/PUA allocation is 100%, since there are riders in the BUA/PUA, units will still be cancel to pay for the insurance charges of these riders to provide you with the coverage.

PruSaver OTOH does not have any insurance cover (other than the 5%) therefore it goes directly to your cash value.

1. It depends on the riders amount in both BUA and PUA. If you buy more on BUA, then the % will be higher for BUA.

2. No it is not able to be transferred freely. However, assuming that at older age and that the insurance charges is now more than premium paid, the cash value accumulated in BUA+PUA+IUA can be utilized to help pay for the insurance charges hike.

Once the cash values has been exhausted, the policy holder is required to do top up or pay extra premium to sustain the policy.

This is why the cash values accumulated should not be withdrawn (especially if you don't have PruSaver) unnecessarily as at older age, the consequences can be brutal.

3. Not at this moment. Everything needs to be fill up with a form and signed for verification. Furthermore the online customer portal is relatively new - new features may be added from time to time, so stay tune.

4. There are 4 free switch in a year. Beyond that 4 free switch there is a Switching Fee of 1% of the total amount to be switch, maximum of Rm50.00 will be charged for each application. No carry forward of 'unused' switching.

5. See Q4

6. Extra cost: Switching fee (if more than 4 switch in a year),

T&C: The minimum amount that can be switched is RM 1,000.00 and it may be varied from time to time

Factor - depends on market condition/economic factor/timing and do study the fund portfolio to know whether you are going in at a high or low side.

Not trying to be rude, but are you able to claim back the GST from the mamak stall? Tabouli right?

For Tax filling, just refer to the Annual Statement (you may download this statement from the PruAccess Customer Online Portal --> << Click Here for PruAccess - Prudential Online Customer Portal >> )

Life insurance + EPF = RM6K, Education Savings+Medical = RM3K, Deferred Anuity = RM3K, (please refer to the LHDN website for a more accurate amount)

You should upgrade the PMM5 200 to PVM instead of getting another policy with deductible to avoid paying for two policy charge.

It will also smooth the claim process and less paper work to deal with.

The debit card deduction system will try every week Friday and if it is not sucessful this week, it will retry the next Friday.

If you want to have a fixed date to pay the premium, then you may do online transfer and ignore the debit card transaction by not having any money in that account.

You may change the mode of payment to cash if you wish to do online transfer manually.

The debit card will only be deducted for one mth even if you have an outstanding of Rm320.

Therefore if you missed one mth premium, you need to do online transfer manually to top up the premium up to date.

You can get the form from your servicing agent or download it from www.prubsn.com.my and submit the form at any Prudential branch.

There is a drop in box in all Prudential offices.

Yes

Sorry but downgrading of the plan is not possible as the initial plan has been superseded with the RM500K lifetime limit plan.

Since you say you have policies from few other insurance company, you may want to sit down with your agent to do an overview review of all these policies.

If you there are areas that you can adjust for example lower down the life/critical illness you may also do so as to keep the premium manageable.

Yes, that is why I suggest that you do a review with your current agent of the benefits and see what you can reduce.

For your information, the Insurance charges (especially if the plan has a medical card) is not guaranteed and is subjected to increase if need be. This applies to all insurer, not only Prudential.

If you are worried of the "under coverage" the "up to age 70" should not be your main concern but rather the annual limit of the plan.

For PruHealth (PH) Rm200, the annual limit is Rm75k with a lifetime limit of Rm750k. The PruValue Med (PVM) gives Rm1m Med Value Point (MVP) with no lifetime limit (subject to your medical plan expiry age).

Whether or not to take up the upgrade is your choice but looking at the medical inflation, it is recommended for you to do so if your budget allows.

I had a client having chest pain and near blackout on second day of CNY, rushed to emergency ward and did an angiogram. One of her veins was having 40% block and the angiogram alone already costs Rm12k (which was about Rm2k in 2006).

The insertion of a permanently placed pacemaker can costs up to Rm100,000 at a private hospital and the annual limit will definitely be a concern.

This post has been edited by roystevenung: May 3 2017, 10:37 AM

If the budget allows, of course. Everything comes at a cost.

PVM is able to be extended till age 70, 80, 90 & 100

Kept seeing tonytyk trying to reply to post (notification in my email) but cant see the actual post. LYN glitching?

The premium rates acts as a general guideline as it is not guaranteed and subject to change. You will also need to look at other riders in the plan, for example life insurance and critical illness.

The medical card do has its own Exclusions of what is covered and what is not covered. To get a better understanding it would be better to have the agent explain to you or you may read up the Exclusion page in the brochure.

Examples of what is not covered under the medical card, AIDS (even though it is payable for Full Blown AIDS & AIDS due to Blood Transfusion as mentioned in the 36 CI Definition). Reason being, there is no cure for AIDs.

Dental surgery including removal of wisdom tooth is not covered, unless it is necessitated by an accidental injury.

Male Non-Smoker, Age 46 Next BD
RM10K Life/TPD, RM1M PVM, RM100R/B, Expiry Age 70, with RM300 Med Saver, RM210/mth
RM10K Life/TPD, RM1M PVM, RM100R/B, Expiry Age 80, with RM300 Med Saver, RM285/mth
No payor/waiver

Internal and permanently placed pacemaker, yes. Temporary pacemaker no.

The endorsement (changes to the policy) to extend the medical coverage from age 70 to age 80/90/100 is viewed as an added risk to the insurer as it prolonged the medical coverage term.

Therefore a medical underwriting is required during the application for upgrade.

For people with no health issue there is no issue to upgrade, but if our health changes, then upgrading or even getting a new policy may be an issue. For example if we had cysts removal a few times, the cyst or its complications may be excluded from the upgraded policy.

Prudential did offered Guaranteed upgrade (without the need to do Medical Underwriting) before for policies that has not been claimed, but that is only happen once in a blue moon

You may need to update yr hp no by filling up the change of contact details and pass the original signed form to Prudential office.

Yes surrender value is the same as cash value. It is the amount you may get back upon surrender of the policy

This post has been edited by roystevenung: May 8 2017, 12:10 PM