Seem like FlexiMed is a better deal... make me jealous lah (I'm having PruHealth), does it means Prudential don't give any incentive to 'old customer'?

Hi roystevenung,

My 1st medical card PMM with annual limit 50K, lifetime limit 150K was bought about 10+ years ago, i did an upgrade of the lifetime limit to 500k few years ago (I think I pays 10-20% more for the upgrade, I cannot remember...initially i pay rm170++, it increased to rm200 for the upgrade).

Recently, I received a notice from Prudential, the increase of the insurance charges of another 12% (need to pay about rm225 per month) and gets lifetime limit to 520k. (My family members are having the same plan - 4 policies, all of us need to pay extra of 10-12% each).

After some thoughts, i think the annual limit is more important than lifetime limit, it is better to maintain the currrent premium. If it is possible to revert the plan back to the initial plan (annual limit 50k, lifetime limit 150k) and keep the premium at the current price?

I have quite a few policies from other insurance companies and my insurance bills (inclusive family members' policies) cost about rm1500+ a month (almost 20k a year).

Thanks in advance.

This post has been edited by clickNsnap: Apr 29 2017, 09:43 PM

Thanks for your advise, roystevenug.

Most likely I will bear with the increase of premium this time and hopefully no more additional cost from Prudential in the next few years.

Btw, i noted my premium devided into two parts; health medical card and investment link, can i remove the investment link part, just need the policy for health medical protection? I don't mind has no return from this policy, will this lower the premium?

Thanks again.

Noted and thanks, roystevenung.

Will check with current agent or drop by Prudential office and find out.

Hi roystevenung,

I downloaded the table for PRUvalue Med from Prudential website, is there any other charges other than stated in the table?

Thanks in advance.


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I thought the PRUvalue Med plan cover admission of hospital and 36 critical illness? We need to pay for additional charges for critical illness?

By the way, if I am looking for maximum medical card protection, minimum or zero on life insurance/invest return, what is the premium for male, non-smoker, office worker, entry age next birthday 46-50 , hospital daily room & board of 100 and 200?

Thanks again.

This post has been edited by clickNsnap: May 5 2017, 12:12 AM

Thanks for the prompt reply, roystevenung

This post has been edited by clickNsnap: May 5 2017, 02:38 AM

Same application for the older PruHealth Med plan?

Btw, does the PruValue Med & PruHealth Med (old plan) cover for hospitalisation primarily for investigatory purposes for any pre-diagnose illness?

Thanks Roy.

Noted and thanks, Roy.

Yes, Roy, you are right, my PRU agent told me the same thing, allocate more slack, thus it can help to reduce top up the premium in the near future.

Just wondering other insurance companies also having the same 'slack' arrangement?

Btw, can a PRU ILP with old PRUhealth med card gets upgrade to PRUvalue med card, the rest of the protection remains and just pay the differences of the cost of PRUhealrh and PRUvalue? Or better to surrender the old policy and buy brand new ILP + PRUvalue med -- the investment fee and charges starts all over again? Or better to buy a deductable PRUvalue med card on top of the PRUhealth med card?

Just would like to find out any other alternative for my current PRU ILP + PRUhealth med, before I commit a new med card policy.

Thanks.

This post has been edited by clickNsnap: Jun 20 2017, 07:47 AM

Extend to age 100, with no extra cost? Or deduct from cash value / unit trust fund? Kinfly confirm.

Thanks.

Thanks for clarifications.

Deduct from cash value = customer is paying himself/herself... I thought it is free upgrade at no cost

Okay, noted, at least, Prudential provide the option of extending the medical card coverage after the expiring date

Haha...I just wish our RINGGIT don't drop further...

Btw, those cash value or returns are not guarantee, it could be higher/lower... If I have extra money, I would like to manage/invest myself, instead of leave it to the insurance companies...just my own opinion

This post has been edited by clickNsnap: Jul 7 2017, 12:35 AM

Hi Roy,

Once I have decided to sign up the application, do I need to pay up front? Or wait till medical check up and the application is accepted...then only pay?

Thanks!

Thanks again, Roy.

The last policy I bought was 5 years ago and I was told to do medical check up, no any specific illness, i thought I will be asked to do medical check up again this time

This post has been edited by clickNsnap: Jul 8 2017, 05:26 PM

I think the PRUvalue med's "unlimited lifetime" is subject to co-insurance of 20:80, if you bought the 1 million plan and the medical bill is 1.5 million, the med plan will bear first 1 million, customer need to bear 20% of the 500k...correct me, if I am wrong.

Btw, if there is a need of 1 million for health medication...it should be very serious case

This post has been edited by clickNsnap: Jul 10 2017, 08:52 PM


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Yup, this is right

But...best to have verify by Prudential agent/expert!

This post has been edited by clickNsnap: Jul 11 2017, 01:45 PM

The 20:80 co-insurance I referring is med charges beyond 1 million (for PRUvalue med 1 million plan), not the PRUhealth med plan.

Prudential is having the "value point" system, once the points are utilised, the co-insurance will be applied. Personally, I think this value point system is not REAL 'unlimted life limit' package.

This post has been edited by clickNsnap: Jul 11 2017, 11:23 PM

Sorry...my mistake...I read RM300... and I unsure why it made me thought you were referring to PRUhealth med. Maybe I read some where PRUhealth med charge RM300 in my current PRUhealth med plan.

Personally, I don't think so... the co-insurance is not only RM300, the RM300 should be refer to Med Saver 300 (before 1 million point is utilised, you will bear with first RM300 for every time masuk hospital, if you masuk hospital kena charge RM301, you have to pay RM300, Prundential pay RM1). After exceed 1 million...the 20:80 co-insurance will applied. If the 20:80 split of medical fee not consider co-insurance? What should we call this 20% charges?

However, I will leave it to Prudential agent/expert to confirm how does PRUvalue med plan works, especially the 20:80 charges arrangement (should define as co-insurance or not co-insurance?)

For me, unlimited life coverage means no limit of claim for the life time = no co-insurance for the life time.

Btw, if really need 1 million for med fee...it is seroius illness, almost end of the life already lol.

This post has been edited by clickNsnap: Jul 12 2017, 01:15 AM

Agree, the plan must meet needs and budget. Thanks for sharing, Roy.

Unlimited plan may be too much for us...none of us would like visit hospital and claim the unlimited med bills. But all the insurance companies are selling 'unlimited plan with conditions' now, not sure when the med card war started

For me...buying insurance is 'transfer risk' to the insurance company and the med card is the 'first line of defense'.

This post has been edited by clickNsnap: Jul 14 2017, 02:52 AM