I got offer from both GE and Prudential. Still considering which to take. There are some info I not fully sure yet, hope someone here can help answer or I'll clarify with the agent.

The package they offer is :

Great Eastern

Death : 100,000
TPD : 100,000
Critical : 100,000
Early Payout Critical Illness : 100,000
Medical card : 900,000 (limit) 90,000 (annual), cover to 80 years old
Room : 150
TPD Allowance : 12,000 per year
Hospitalisation Income : 150
Accident Death: 10,000
Waiver : TPD, CI
Premium : 200

Prudential

Death : 50,000
TPD : 50,000
Critical : 150,000
Early Payout Critical Illness : 100,000
Medical card : 1400,000 (limit) 70,000 (annual), cover to 70 years old
Room : 150
TPD Allowance : None
Hospitalisation Income : 100
Accident Death: 50,000
Waiver : Not sure yet
Premium : 250

Any suggestion?

Try compare this to Allianz then u will see the different

Accelerated sum assured for death, tpd and illness? Btw Prudential medical card coverage is too low, should get covered for at least the age of 80.

ya, i get the agent to adjust to 80yo, then become 290

ohh.. why? allianz very good? germany comp? how good is their plan? seems not so famous in malaysia yet?

U might want to have one more comparison which is from Allianz company. If you dont mind can PM me for details and see the comparison.Dont worry as everything is PnC

Hi, I will recommend Prudential. First of all, I worked for Great Eastern (my first job) for 2 years.
Actually, life insurance of any insurance company is good. It is just management culture that makes product different.

One more important & most important thing about insurance is....services offered by insurance agent. His/her professionalism & financial knowledge. Another factor top the list is operation staff (i.e.: Underwriting & Claim). Among both, claim staff is very important when dealing with turn around time of particular claim (i.e.: how long it takes to evaluate & release claim payment with minimal error).

I was Great Eastern staff and I bought 2 policies from Prudential. So, I hope you understand the meaning behind.
If you have any more question, please don't hesitate to contact me. I hope my knowledge could help more people in choosing the right financial product.

I heard so much negative views about Great Eastern too over the years. Bought my 1st and my last insurance from GE. My whole family members are now in contractual agreement with Prudential. Excellent service from both agent and management. Medical claims that were done by my parent in-laws from Prudential were extremely fast and agent is efficient and courteous.

+1!

This is investment portfolio policy, sort of like unit trust, premium based on units purchase.

Most importantly is your needs. You can consider the following before you choose the right plan (Premium charges will increase as age increase)

1) Does your company cover medical for you?
2) Do you have any policy to cover your life insurance?
3) You can even choose to have individual policies, which is medical, personal accidents, 36 critical illness or short term investment of 5years/10years/15years for retirement and old age plan

Do not look at premium, premium low with high coverage, or vice versa, you definitely ended get very low cash value return.

To introduce myself, I'm a GSM myself now in an insurance company and has been servicing my clients for 23years. You can always refer to me for assistance, do not hesitate to PM me.

Yup, claims and how we process the claims is important. Its the culture that is important. We issue GL first and only then initiate a check if the policy is new.

I personally hated those who promised the star and the moon prior to signing up a policy and abandoned us when in the time of need!

Kudos Prudential! Keep up the good work!

thumbs up i have clients working in manulife & great eastern as well . . . .
we have the reputation in processing claims,

Allianz venture in to Malaysia seen 2001. It is one of the global top perform insurance company.
http://www.forbes.com/companies/allianz/

The main purpose for Medical card is protection from heavy medical cost. Allianz's medical card have no annual limit, even if a single medical cost is RM100k-200k, Allianz still able to cover the medical cost. (These day medical cost easily cost over 100k, A client dengue with ICU almost 1 month, medical cost RM132k)

Do let me know if interested.

My wife tried to claim from ge.alrwedy 2 years now , they keep sending mail saying we must submit original copy .already gave to agent during initial claim. So we are not sure the comp or agent Screw up. Now im thinking to get insurance from other comp. Any good recommendation?

Hi,

I advise you to call over your agent and query him about the original receipt. Ask him for his responsibility shall it's due to his mistake for the original receipt.

Most of the time it's not company but agent

Just lost confidence with GE. How about prudential ? Is it recommended ? Allianz also seems very agressive with their marketing.

The only thing that any insurance company do fast is to collect money. 1 minute late, you are not covered already but when it come to paying, you feel like it takes forever

Products, other companies copy Prudential. But the culture, cannot be copied. Thank you for supporting Prudential.

Prudential is the first insurer to offer we Malaysians:
-medical card
-Female plan offering protection for pregnancy complications and child congenital conditions (PruLady)
-PruMyChild (mothers can buy for baby in the womb)
-we started all the buzz about retirement planning 4-5 years back, remember the tv ad "what's your number?"
-no claim bonus for med card
- unlimited annual limit for med card
-PruSenior Med card for senior citizens
-investment-linked plan
Etc

90 years in Malaysia, from bottom to top. Surely something must be done right. Logo still the same, name still the same. Prudent company to place your trust in. Check out the website and learn abit more about the company and it's history.

By the way, I think the comparison above is unfair. Once glance and it tells you it's great eastern offering better value and coverage. What are the actual terms?

Sorry, Because you bought the wrong plan, from the wrong agent, from the wrong company. Or are your premiums very very very cheap? Something like what Bankassurance and telemarketers are offering?

1-3 weeks for disbursement of claims ( follow ups, pre admission bills, critical illness claims etc) if the receipts and necessary reports are submitted together. I had critical illness claims paid within 8 days. Not because I'm good, because Prudential was excellent.

Look through your insurance policies, readjust and buy new ones if budget permits. Do not have 10 policies of rm30-80 each but expect these policies to take care of your financial security well. Better to have one rm300 policy that is comprehensive. My thoughts, sincere advise.

Place your trust with Prudential.

I'm with Prudential for the past 9 years.

You won't buy from me. But buy Prudential.

Check out the website, know intimately about the company.

Walk in to Prudential HQ, observe our customer service area. Then go to the other companies. Observe. See which one has more clients holding their policy looking frustrated?.

WRONG POST!

This post has been edited by abaraikun: Dec 2 2015, 05:05 PM

May I suggest AIA?
Medical Card: Starting at 1.1mil (annual), no lifetime limit, cover till 100 years old.
Room: 150

This post has been edited by JIUHWEI: Dec 2 2015, 06:16 PM

But is great eastern ok or not? Will they pay what is promised??? Bcs I see their packages are very much cheaper compare to prudential???

An insurance contract is a legally binding contract.

Cheap or not, good or not, there are two ways to find out:
1. Ask the agent.
2. Read the Product Disclosure Sheet.

Buying insurance, can never finish comparing all the companies, all these insurance companies are making money everyday, all in all, we just need the coverage.

Deal with the right agent or manager. Any insurances would still be the same. Customers want is the claim and benefit.

I know u, such a small world.

i dont see the alliance brochuer that desribe the annual charges like manulife and great eastern health protection.

Need some advise here.
I already have SmartProtection from GE. Looking for increase the TPD and CI coverage value. I should upgrade the existing policy or buy new policy?