Hi Roy,

First of all thank you for your time in reading this question.

I am also approach by my insurance agent selling me the PruValue Med.

From the quotation, I understand that the Med Value Point of RM 1,000,000 is for the whole policy years like, assuming:

Year 2021 = RM300,000 hospitalisation
Year 2022 = RM600,000 hospitalisation
Year 2023 = RM500,000 hospitalisation

For year 2023, I need to pay 20% of RM400,000 as I have exceeded RM1,000,000 in Year 2023.

But my insurance agent told me that the Med Value Point of RM1,000,000 will be refreshed yearly (no annual limit but Med Value Point will be reset each year). Like for the above case, even in Year 2023, I do not need to pay any amount (except for the RM300), as my hospitalisation fee for that year did not exceed RM1,000,000.

Just want to get a second opinion before I make my decision.

Once again, thanks you so much!

Thank you so much for the clarification Roy! Lucky I hadn't decided for my insurance yet.