Just pay the difference.

Yes. Just need to pay the difference of the R&B

MVP comes in 3 plans, Rm1m, Rm1.5m & Rm2m

Before signing anything, you are advised to get a full sales quotation and/or brochures/Product Disclosure Sheet (PDS). The sales quotation will state the coverage and the premium that you need to pay.

No, there is no way an agent is able to mark up the premium vs the coverage given. Just make sure that you get a full quotation which states the coverage and the amount that you need to pay. The quotation is generated by the system.

Once you have received the policy document, do check it versus the quotation given by the agent. If there is riders left out or missing, you are advised to surrender the policy document within the 15 days cooling off period and get a written explanation from the agent as to why.

Comparing life vs PA is like comparing apple to orange, hence it is not a fair comparison as evidently the insurance charges differs.

PA is only payable in an accident whilst life pays in the event of death (irrespective of the causes).

For Prudential, it is not possible to do in the quote system as there is a minimum sum insured rule that needs to follow based on the premium entered.

Agent will earn another 6 years of commission based on the RM4000 premium, but of course, you are getting the upgraded coverage.

Yes, that is what I said. On an upgraded policy, the agent will only earn on the upgraded portion for another 6 years.

Thereafter, if no further upgrades is done, the agent won't earn anything.

It doesn't work like that. It works exactly as what I had explained above. The RM1K commission for 6 years. Since you upgraded on the fifth year, the RM4K will be another 6 years from the upgraded date.

I am just wondering how the family members is able to withdraw money from a person who went MIA?

Yes I know that, but she is MIA, hence no dead cert will be issued unless there is a special inquest being held to expedite the death cert.

Like the case of the UMNO tower collapse whereby without a shadow of a doubt the evidence gathered from both the CCTV recordings and eye witnesses puts Mr Lim in the car on that ill fated day.

How was the family able to get the death cert so that they can get the money in bank?

So how does this differ from having to wait for 7 years to withdraw money from the deceased estate as opposed to having to wait 7 years for the insurance payout directly to the beneficiaries, creditor proof?

Bro, I see your point of having some form of emergency savings in bank.

They have to pay the bank loan or risk having the BANK confiscating the house and worse getting her as bankrupt.

However, I have yet to come across any women who put money into her husband account, let alone the in laws, for savings for rainy days, seriously.

Your money is my money, my money is my money.

Of course other family members whom are concerned with the kids well being have to chip in since no one can touch the "deceased" estate.

There is a huge difference between the savings in the bank vs the insurance or EPF payout as they do not form part of the deceased estate.

After the 7 years wait is over, money in bank will be used to pay off the creditors, bank loans, credit card, business owing, even the Government UNPAID Taxes!

Whilst the insurance/EPF payout goes directly to the beneficiaries.

Still very little difference?

The easiest is to have the client going to a panel hospital.

If admitted to a panel hospital, and the case is able to be covered, the Guarantee Letter will be issued.

If it is NOT cover able, a declined letter will be issued.

If done at a non panel, the Doctors might not be well verse with insurance claims and/or the Exclusions of the insurer.

The SOP for records department of the GH is 2 weeks to get out the report which will result in delay of the claim.

It does not solve Cherroy's issues as when a person is MIA, there is no one able to withdraw the cash (if its on her name alone).

Gaining back 100% after a few years means you loss the interest and only manage to break even?

On the insurance part, do insurance when there is a compelling need for protection, not when you have extra stash.

Extra stash invest/save to grow, not in insurance of course.

Please read the above posts as to why. Thanks

Quite frankly, no one can help her except herself if she is facing financial issue.

More importantly we are in no position to provide any solution as we do not know what kind of financial problems that she is facing.

Yes, and giving her another policy to replace her current policy is not helping her but helping the agent

If she really cant afford it, there is no choice but lapse the policy.

However if she is concern on the medical only and she can afford to maintain it, she can ask her servicing agent to remove other riders like CI, Payor & accci med

It will be Excess Payment unless you specify that the payment is to do "top up" to buy units (PruSaver).

For ILP there is no discount even if you pay in advance.

I believe the above applies to all insurance company with the ILP