other medical card u need to pay 100%.

let say allianz annual limit 65k if ur medical fee 95k.
95k-65k=30k
then total u need pay is 30k x 20% = 6k

if prudential medical card annual limit 65k if ur medical fee 95k
95k-65k=30k
then total u need pay is 30k

so need pay extra $$ to get PruAnnual Limit Waiver (PALW) for PruHealth?

mean medical card = $

PruAnnual Limit Waiver (PALW) = $

so $+$ ?

mean need buy 2 rider to get these benefit?
1.medical card
2.PruAnnual Limit Waiver (PALW)?

Since Powerlink guarantee renewal and guarantee not to increase the premium until expiry at age 90, it sounds like a good plan then. The premium for the life time limit of rm650K at age 56 is RM3,600 per annually.

COI will increase with age band no matter pru or allianz

Hi. I thought of taking UMR (ultra medic rider) from etiqa. When i read the brochure it stated there: exclusions  no 11)  which is-

War or any act of war, declared or undeclared, criminal or terrorist activity, ACTIVE DUTY IN ANY OF THE ARM FORCES, direct participant in strikes, riots and civil commotion or insurrection.

I am working in arm forces. When i told my agent about this, she replied:
Sir, tht is industrial practice. Must print in brochure as per bank negara requirement. If etiqa really didnt paid any claim, they will not accept any armed forces customers. And she mention tht etiqa has paid to families who has involved in lahad datu incident(armed foces)
So, i took initiative and call bank negara. They told me, yes, what written in brochure is true.
So, this agent is terang-terang try to con me rite?

Good idea to upgrade medical card from 300 to 400?

or remain 300 medical card then buy other company medical card to mitigate the risk, incase the single company cannot claim the medical fee?

Hello all Insurance Sifu,

I'm glad that we have honest and upfront Sifu sharing all the great knowledge and in-depth Product Information.

Sifu roystevenung, does Prudential has No Claim Bonus/Benefit for ILP+MedicalCard?

Also, what do you and others think about having two separate Policy?
One focus on ILP+Medical with Premium payable until old age. While Second on Life+CI, on Terms Insurance.

Nowadays especially when age is growing older... the whole life insurance premium is super expensive a lot of peoples are going to those investment linked insurance.. what is the cons of having big sum insured with cheaper premium ?

medical card will fee will increase again

Hi. I have takaful pru medical card and company mediexpress. Do i really need to have these two or just cancel the pru. Need advice. Thanks..

Yes it is available, those plan are called investment linked plan which do not have higher bonus compared to whole life insurance plan. Comparing with the same amount of sum insured, I would need to pay double or even triple the premium for a whole life insurance.

Hi,

The plan that you need to pay only 20 years but provides a coverage up to age 70?. Insurers are creative, of course they have the plan you mentioned/ or similar. Certain companies do. Higher premium of course, and after the 20th year, you may come across a letter asking you to top up some premium. Do some research with those who bought these type of plans years ago when it was oven hot, typically those aged between early 40s to mid 50s now. Listen to what they say. Ask why they bought, and analyse the features.

Everyone wants a magic, cheapest plan with high coverages over long term. But the money ( cost) has to come from somewhere. Insurance is all about how much you value yourself. How much do we value ourselves today, tomm, 5 years, 15 years, 20 years from now? In today's money (premium), are we willing to allocate say just rm300 to cover myself for the next 30 years?. If the plan is fixed (buy cheap now but coverage amount is X amount), what do I do if I outlive the term of coverage and by then I find myself valuing myself even more? Willing to pay more then at my older age? Insurability is not a problem because I am super healthy then?

So may questions. So many options.

Nothing is free, nothing is cheap and very good. Every product has it's pro and cons. But the best balance amongst so many products in the market today would be the investment -linked. Prudential started this product imore than 15 years ago and competitors scorned, telling their clients that it's no good coupled with false accusations. Then now they too, embrace it. It's affordable, flexible, you upgrade or downgrade it according to your needs, drop riders you think it's no longer of use or upgrade accordingly. Buy a term for some coverage over certain years but understand the features and why do you need a term insurance, or traditional endowment if you want to diversify for savings purposes because of it's guaranteed features.

All types of plans are good if it's matches your needs.

So many gurus and seasoned financial planners/ agents here. None of us here are to cheat you in this open forum. But we need to know what are your thoughts, your dreams and your commitments. Then we can advise accordingly. Just don't be greedy because agents can smell how greedy a prospective client is and mislead one into buying something that the prospective client is emotionally attached to buying even if it does not do the client real good #cheap, attractive returns, pay less cover more etc etc.

Excellent advisors will only recommend the product if they put themselves in the prospects shoes, and buy the product they are recommending.

not luck issue.

if the agent problem, then we as policy holder must do something.
for example make the agent life harder complain to HQ ask agent to write letter of apology ask agent to re-imburse the inconvenient fee etc

if not the the problematic agent will happy coz he think he will earn free comisen without need servicing.

I like this tried once to help a friend to cancel within cooling period and the agent straight call and talk (in a bad manner) and force him to continue the policy. Too bad I lose to the agent  , coz he dunwan any trouble from that agent 

It will be good if more agent like roy is around and Msia insurance association do something to fix these problematic agents

Hello all,

I am trying to google for correct information about Government Tax 6% on Hospital Bills.

Is all the Charges such as Day Surgery, Surgery, Diagnostic Test, Outpatient Treatment, Hospital Supplies and Services are chargeable with Government Tax 6%?

Or only Room & Board?

May I know any type of insurance can claim for dental implant or depressed disease?

May I know medical card can claim for dental implant or depressed disease(such as visit psychiatrist) without involved in accident case?

no insurance company gonna cover those things directly. at most maybe it can be covered under your employee's benefit. but everything has limitations...

insurance aren't meant for such benefits, at least not one you can abuse. insurance companies ain't stupid.

From experience & talks with insurance advisers like Roy (lurking somewhere here ) - i'd suggest go only for medical & hospitalization.
Reason:
3D (death disease disability) - for most insurers, the critical disease, by the time diagnose & get $ to try & save life... may be too late as diagnosis must be "certain stages" before can claim.
eg. cancer 3rd stage, not initial stage 1.

Another thing to consider:
IF your child stays "overseas" (incl SG & TH) for 90 days consecutively or more, better get yr child that country's medical coverage, NOT MY's coverage.
Also another learning experience for me when my child went to SG for studies.

As for amount of coverage (i dont look at the premium since it's the coverage that's important to me), personally i took:
Wanted: RM150K * (1+4% assumed inflation pa)^25 years
LESS: RM i had in emergency buffer & employer's family coverage
= Coverage per annum i bought to cover him up to post University-working life, then they can go buy their own
Papa not billionaire thus no silver or platinum spoon <feeding>

Reasons:
a. RM150K - approximate changgih-enough cancer treatment pa now
b. 4%pa - inflation assumed. Yes yes - a lot of fellows will shout inflation is higher, especially medical blah blah
FYI when my dad contracted cancer 20+ years ago, the cost *4%pa inflation till now still more than covers. Advances in medical science dont mean we have to go for cutting edge (just newly developed) that cost a bomb if the "% of higher successis" minor VS standard treatment.
c. 25 years - coz no silver or platinum spoon <feeding>

Note - dont be a sucker buying as much as U can.
Insurances are risk transference tools AT A COST. That's why we pay something called a PREMIUM.
Premium = risk's cost (if U bear yrself) +admin cost to run company +agent's commissions +shareholders' profits +CEO's big fat bonuses
Better to take just enough - then use the remaining to invest.
Dont believe me pls - just get the quotations AND ask for the total premium till 80 years old (from 0 to 80)
Look at the total premiums paid - can buy a few lives liao AND we pray we dont collect!

If my plans is aligned with my BIG BOSS' (Him) plan, i should not be needing death (yes death, not life - payout is upon DEATH), disease, disability or medical/hospitalization for my entire family by the time i retire.

Just my PoV - from one father to another
BTW, congratulations & <high five> yr child is lucky to have a father that steps up & plans before needed.
Next is studies & Uni then estate planning 

PS: Not all insurers will insurer newborns - especially if complicated birth or below certain kg (ie went into Neo-natal ICU after birth). Again from experience heheh - had a normal birth + a very complicated pregnancy & pre-term experiences

I am a DINK. No children. I save and invest only for myself and spouse.

I guess what I am looking for is extra "income protection" (new term learned while researching this topic ) in case of a critical illness which could severly impact my future income.