Mar 21 2018, 03:14 PM
QUOTE(roystevenung @ Jun 19 2017, 09:51 PM)
Yes the agent is right as the slack (un-utilized premium) is about RM5.++ only.
For PruValue Med, since the insurance charges is higher than the rest of the medical card, it would be recommended to have at least 15% slack (of the total premium).
However, even by doing that it could not guarantee whether you need to top up in later years as the higher insurance charges at older age (eg at age 70, the medical insurance charges can be as high as RM10,887/year) may deplete your cash values. You may see the projected insurance charges from our online brochure << HERE >> and compare to the projected cash value that you'll accumulate at age 70.
Secondly, as you may already know the funds performance is not guaranteed.
If you want to have minimum slack now (which is not wrong if you have a investment vehicle that can get better/higher returns) then be prepared to top up more in later years.
hi For PruValue Med, since the insurance charges is higher than the rest of the medical card, it would be recommended to have at least 15% slack (of the total premium).
However, even by doing that it could not guarantee whether you need to top up in later years as the higher insurance charges at older age (eg at age 70, the medical insurance charges can be as high as RM10,887/year) may deplete your cash values. You may see the projected insurance charges from our online brochure << HERE >> and compare to the projected cash value that you'll accumulate at age 70.
Secondly, as you may already know the funds performance is not guaranteed.
If you want to have minimum slack now (which is not wrong if you have a investment vehicle that can get better/higher returns) then be prepared to top up more in later years.
I am on a ILP + medical with predential which bought >10 yrs ago
and planning to upgrade the old medical plan to PVM
https://www.prudential.com.my/export/sites/...PDF/PVM_COI.pdf
https://www.prudential.com.my/export/sites/...nhanced_Eng.pdf
1.there is 2 tables i found .. but premium paid is different
Let say Plan100 (cover till age 70 with medsaver, 1mil) , first link shows 779.66 and another shows 1787 ... how do I interpret it ?
2. PRUvalue-med-enhanced & PRUvalue-med , is it different ?
3. where can I find all the rider plan that I can subscribe under my ILP
4. the second link above does not show premium for 71-75, 76-80, where can i check the current premium rate
5. My purpose is to pay the bare minimum for investment/saving. For the slack (un-utilise premium) , what is the minimum investment portion I can do ? How do I know what is my slack each year after COI & fees. deduction.. I know AIA has a Summary Illustration inside the quotation, how about Prudential ?
thanks
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