I don't agree with the medical card. Even you are cover by EB, but, if you are forced to leave the company, how? At the same time, your health condition not allow u get the medical insurance, then u need to use your own pocket money to pay the bill lor~~~so, at least get a minimum coverage of medical insurance for your own...

go government hospital then

Government trying to archieve high income for every industries, and medical fees been increase yearly roughly around 10-14%. Government also facing of sustaining the subsidy of hospital budget and expenses that's why our health minister keep promoting or proposing medical health coverage insurance to all nations. The last 1 he proposed was to cut 10% from our monthly salary for that coverage. I am not trying to convince anyone about medical insurance, but do think twice about it for the next 10, 20 or 30 years, do our government hospital still can provide that cheap and liable services? And another question is when anyone sick (severely) get well faster when got cash in hands or those who dont?..just a thought as everyone have their own needs. I changed my thought when i saw some friends and relatives really suffer from sickness when they spend most of their money on it and yet still suffering.

Got the call too, talked for around half an hour

what call ?

Well, those so-called 'financial planners' (some of the agents who recommend the highest premium) should actually be called as 'financial takers'...

They propose a higher premium to earn higher commission over the 6 years commission payout. Then, if a client unable to pay for the insurance, they held no responsibility because they will say i am only recommending, no obligation..

Some of the my friends are half dead paying the insurance.. Since then, insurance become a financial penalty and punishment when unable to pay..

Worse come to worse, i think downgrading the insurance is the last resort for those who have paid the insurance for many years before come to a struggle.

I got signed up many, many years ago on a insurance plan and I don't even have any idea what it is about Back then my mum wanted to make sure I start something and I just committed like that, so duh of me.
But then again, I was young and naive.

I'm not even sure how long should I be paying it or what I'm paying for and it's taking up quite a lot from me each month.
I assume the agent is no longer earning from me since it's been many years now. What can I do to revisit my plan? Just call Prudential up and they'll assign someone to look into my policy?

Insurance is all about PROTECTION, and it is NEVER meant for investments, even if the plan is called Investment Linked Policy (ILP).

When you buy insurance, you are buying the associated coverage based on the premium that you paid.

Like your car insurance, you would be expected to pay the premium for as long as you want to maintain the policy. Since insurance charges goes up by age, the cash values accumulated in your ILP or any plans that accumulates cash values, will eventually be used to pay off the variance of the insurance charges at older age (> 65).

If your agent is still around, you may call him/her up to revisit the plan to understand what you had bought.

Alternatively, you may scan the coverage details along with the medical plan (if any) and email it to me. Before you email, you may 'blank' out information that is not required, like your name or IC for privacy.

I only believe in paying for pure insurance aka term insurance.

There is only a limited period of your life that you would be economically productive, so just cover yourself during that period with term insurance, which is cheap.

I don't believe in medical insurance at all, when there are government hospitals around and medical insurance mostly cover surgical and hospitalization.

If you are paying for so many people's medical insurance, might as well as save it up as a reserve to be used in case you need faster service at private hospitals. Most of the time, government hospitals can take care of you and your family.

Well in insurance there is no right & wrong. End of day what you decide is what you get. Most important
be happy.