Don't mix insurance with investment. Insurance strictly for protection and investment better let finance institution or banker.

Medical protection must review every 4-6 years to get more comprehensive coverage.

Having company insurance is great. If company medical protection over the limit, who going to settle the bill?

Nobody can predict when they will using the card, and nobody won't get sick once only in their lifespan. It might come early or late or might not come ever. That's why insurance come in.

My advise is surrender if you don't have much money to waste. Surrender if you can find somewhere else can give you better return. Get a new one if you find you might use it before your retirement or no longer attached to existing company or being fired. Company insurance will never enough as most company getting it is dealing with income tax rebate.

I using rm100 great protect link as well.

Just slash this to min rm100/month premium with 10k life and rm100 medical card for backup.

additional purchase allianz medical card more affordable

The annual limit is a bit too low. The lifetime limit is a bit like a gimmick to give you illusion of huge coverage when the possibility of one claiming that much is speculative at best.

I suggest you revise your medical card to reflect your current financial standing and circumstances. Don't overinsure nor underinsure yourself. The premium varies depending on your age, health condition and work type.

RM150 for room & board and 50K annual limit seem very small to reflect current medical inflation and charges.

You should speak to GE agent to revise.

Best of luck.

Even though the card is from GE and not Prudential, I do not encourage you to cancel.

If the old card is not able to be upgraded then you can add on by buying another medical card. If at all possible, never cancel a medical card to get a new one.

1. Older cards have better terms, for example older cards covers for cancer and kidney dialysis 1. Take home drugs, 2. Long term meds, 3. consultation charges (you may want to recheck on this to clarify)

2. There is much lesser EXCLUSIONS from the old card vs the new one. For example older medical cards covers implants. Pacemaker costs RM45K and newer medical cards even though gives you Unlimited bla bla bla, does not cover this!

3. Since the policy is from 2002, the agents do not earn any commission, and the premium allocation rate is now 100% into buying you units in order to generate cash values.

Your best bet now would be to go to GE or call their customer hotline for whether you are able to upgrade but at the same time maintaining the old terms and conditions.

Do note when it comes to upgrading, your policy no is being retained.

Only when the upgrading fails, you can start to search for additional medical card.

If your agent is still servicing you and you are happy with his service, it's always recommended to upgrade from your previous policy. Else you can pm me as I'm from Great eastern, I can help you for your policy upgrade without charges in your previous policy.

Apart from your annual limit, it's recommended for you to upgrade your medical card due to the your IL Health Protector have Cancer and Kidney Dialysis limitation of RM15,000 yearly. This is definitely the weak point in previous medical card as nowadays Kidney Dialysis could easily reach RM30,000 yearly nowadays, not to mention 20 years down the road. The new GE medical card has no additional limitation on Kidney Dialysis and Cancer Chemotherapy.

It's recommended you to upgrade from the same company to preserve your waiting period. You have been owning your card for several years, when unfortunate happens, you wouldn't want the company to investigate the cause of your illness wouldn't you? By upgrading from the same company, your future claim will be smooth as you have been holding the card for a long period. Else, there might be a possibility of claim decline if you make claim from other company's new medical card within first few years.
I suppose Prudential is unable to upgrade medical from existing policy but have to bought a new one if you would like to upgrade to a superior packag? I have once called over to Prudential Careline and this is the answer I got. This is because one of my client in Prudential has been told by the agent to buy a new policy in order to upgrade the medical card. Hope to get the clarification from you.

Check on your chart that which year you are getting total premium paid = non guaranteed cash value (the lowest return). Then check on the cash value at that N year, ask yourself a question, is it worth it on that N year holding such plan down the road compare with the medical cost at 2013.

Try think a bigger picture. Most people out there is a big burden for them for personal insurance package as this cost you a lifetime period compare to house and vehicle loan. Whoever who is under employment, will have less saving due to monthly commitment and inflation.

If you wanta have financial freedom, 1st thing that can do is minimize your commitment and expenses, then you can go to saving and investment. When you try to achieve financial freedom, make sure your protection is sufficient enough not to jeopardize your saving. I don't know your financial background but I hope you can situated yourself in a better position rather than struggling to get yourself protected.

Actually with RM1,500/yr or less can get at least 7 times better protection than your existing one. Where is your point of value?

I won't recommend upgrade as it might end up you are paying minimum of rm200-rm300 per month for the so-so protection.

When come to insurance, do not think of your return. My personal view still the same, insurance is protection and not return. Never think of having a protection with return. This is the wrong concept of finance. I would say is a marketing stretegy which divert attention of you. Across my life, I never met anyone who is happy with ILP product up till today but vise versa. Of course this is strictly my personal view.

Before you make any decision, don't restricted yourself from some comments to explore more options out there. Try get more quotation from any insurance company out there regardless their company brand will help you have a bigger picture and understanding. Even there is some can assist you get free life/36/PA and medical protection.

If you decided to switch, make sure you only surrender after you receiving your protection and after the waiting period. Some provide 30 days waiting period and some 120 days.

If you don't understand or not so clear of what I am trying to say, do pm me for more clarification.

You can refer to my signature as below. 

Please PM me for more info.

Thanks