As far as I am concerned, investment link plan does not have maturity benefit. It's very different with endowment or term plan where you will have survival benefit, terminal bonus,revisionary bonus, maturity benefit, etc.

If you surrender your policy earlier than maturity, you should not worry about not getting maturity benefit because there is none. You will get any cash based on number of unit in your fund account versus the current market price. And you can also withdraw the cash value you have before maturity without surrendering your policy and there is no impact with your benefit, as long as the remaining fund is enough to pay the insurance charges. I'm not so sure with other insurance company, the money you withdraw is NOT a loan. There will be no interest will be charge if you take your money.

To make right decision, you need to ask yourself what is your insurance need.
- If you thing about to have money when you retire, maybe term policy is your choice.
- If you really want your family to get a sum of money after you die, doesn't matter you die young or you die old, maybe investment link or whole life is the answer.
- If you want to have a package insurance, a policy which cover everything, maybe investment link is the answer.

I said maybe because you need to further details the product to confirm it's really suit your need.

Just want to highlight. in Prudential investment link plan, you can always modify your policy to fit your current need and budget. I think this apply to other insurance company also. As example, before you marry maybe you just need a medical and low death benefit. After you marry and have kids, you might want to increase your death benefit without buying new policy. This method will be cheaper. To buy a new policy it may cost you at least RM100 but it will be more if you buy at older age. If you just increase the death benefit in your investment link plan, it may cost you just RM10-20.

There is no such the best insurance/takaful in the market. You need to ask yourself, what kind of protection that you need.

Both product is investment-link plan. PruBSN is a takaful product while PowerLink is a conventional insurance but both product work the same way - unit deducting rider. The allocation premium is used to buy unit and then will be cancelled to pay for insurance/wakalah charges

What I can see the major difference are between its allocation premium rate and also the medical card rider attach to it.

They have medical card also. I think the difference between both card are at co-takaful/co-payment and also no claim bonus.

PruBSN Takaful Health medical card always charge 10% co-takaful from your hospital bill (subject to minimum RM300 and maximum RM1000). And if there is no claim has been made, you are entitle for No Claim Bonus between RM100-500.
Allianz will charge co-payment 20% (subject to a maximum of RM1000) from hospital bill if you are staying in a room higher than your entitlement.

Premium Allocation
PruBSN:
Year 1: 40%
Year 2: 50%
Year 3: 65%
Year 4: 70%
Year 5 & 6: 90%
Year 7 & above: 100%

Allianz:
Year 1 & 2: 42.75%
Year 3 & 4: 76%
Year 5 & 6: 80.75%
Year 7 & above: 95%

Maybe allianz agent can verify this?

The premium you paid is subject to premium allocation which will be used to buy unit in chosen fund. From these units, some will then be cancelled out to pay for insurance charges.

As example for PruBSN, let's say your monthly contribution is RM200. For Year 1, only RM80 will be used to buy units. From these units, some of it will be cancelled out to contribute to tabaru' fund (equivalent to insurance charges in conventional insurance). The remaining unit after deducting to tabaru' fund (insurance charges) and other charges, will become your cash value. This cash value can be withdrawn (subject to term & condition).

You just need to pay for the room differences.
The ko-takaful remains the same regardless you are staying higher or lower room entitlement. That is 10% (min RM300 max RM1000)

Let's say you got TH200, entitle you for Room & Board (R&B) up to RM200 per day.

Example: Your total eligible bill for claim is RM 5000 (A) and you are staying in a room cost RM230 per day and stay for 5 days.

Cost of the actual R&B = RM230 X 5 = RM1150 (B)
Cost of the entitle R&B = RM200 X 5 = RM1000 © - is paid by PruBSN
So you need to pay the different of room = (B) - © = RM150 (D)

The remaining bill = (A) - (B) = RM3850 (E) is subject to cost-sharing agreement between PruBSN and certificate holder. 90% is paid by PruBSN. 10% is paid by certificate holder.

90% x (E) = RM 3465 (F)
10% x (E) = RM 385 (G)

This is what you need to pay upon discharged: (D) + (G) = RM 150 + RM 385 = RM535
This is what PruBSN will pay: © + (F) = RM 4465

Usually PruBSN/Prudential agent will advice the client to take Hospital Allowance (between RM 50 - RM400 per day), so that it can cover the cost of ko-takaful/co-insurance.

One thing you need to check when you are looking for a medical card, it should be guaranteed renewable. If not, you may have trouble when the card is due to renew, either you can't renew, you can renew with loading, etc

PruBSN Takaful Heatlh is guaranteed renewable.

There are 3 new plan which is regular contribution traditional term certificate and participates in investment profit:
PruBSN Protect - pays lump sum benefit if you die during the term certificate of the certificate or become totally and permanently disabled before age 70
PruBSN ProtectPlus - pays lump sum benefit if you die during the term certificate of the certificate or become totally and permanently disabled before age 70. The Basic Sum Covered will increase 5% for every 3 years till maturity.
PruBSN CrisisCover - PruBSN Protect - pays lump sum benefit if you die, upon diagnosis of critical illness during the term certificate of the certificate or become totally and permanently disabled before age 70

It is hard to say it is better because it is very subjective. Different people have different purpose to have insurance/takaful.
What I can say, it is cheaper compare to Takafulink but no medical card rider.

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Added on September 17, 2010, 2:46 pmYou can get all those in Investment-Link Plan (ILP).

In ILP, you can add/remove and increase/decrease your protection as well as premium at any time. You can also have your saving/investment portion which only be deducted 5% from your monthly saving/investment premium. The good side, you can protect your saving/investment, in case you are diagnosed with CI or suffer TPD, the saving will continue until maturity (between age 80-100).

This post has been edited by ajau: Sep 17 2010, 02:48 PM

medical expenses is the amount of reimbursement that you can get due to medical treatment at clinic/hospital/sinseh that due to accident.

RM1000 - RM5000 is the maximum amount you can claim from medical treatment due to accident. This should apply to all PA insurance coverage.

As example, you involve in car accident and get injury. You go to clinic/hospital, the doctor do cleaning of the wound, bandage, etc and the cost is RM300. You are suppose can claim this RM300 from the insurance company. There maybe a form that you and the doctor need to fill in to submit the claim together with the original receipt. If you are hospitalized, the hospital bill can also be claimed but up to a maximum of RM1000-5000. If you have medical card, you can choose to make claim either from your PA or medical card.

PA medical expenses usually reimburse basis. Means you need to pay first and claim later. Medical card if you go to panel hospital, usually cashless or you may need to pay some deposit first (depending on your medical card)

You can claim either one. Unless the PA is not enough (if hospital bill is RM5000 but your PA only cover up to RM1000), then you can claim the next RM4000 from your medical card).

Usually per accident. You need to check with the policy.

Usually anything that you can claim. You need to confirm this with the policy.