well . .. you can buy life insurance only without the riders(medical card, pa & etc)

Yes. There is a plan from ING that covers death only. It matures at age 100 (If the life insured still alive at age 100, maturity value will be paid out).
The premium paying duration is 20 years. For sum assured less than RM500K, all the future premium shall be waived in the event the life insured becomes TPD before age 65.

The plan is giving you the following Guarantees:
1) Guaranteed Premium Rate and Paying Duration.
2) Guaranteed Sum Assured
3) Guaranteed Surrender Value/Maturity Value.

Any enquiry can also be sent to my mailbox at cheahyang_0@hotmail.com and I'll reply as soon as I can.
Anyone who is interested in funded will or cashless estate transfer & heir planning can also discuss with me through my e-mail. Thanks!

I was told by my agent that my insurance (prulink5) have a annual contribution cap of 5k, which means i can only contribute up to 5k per annum. And if i want to have bigger coverage beyond that, I need to purchase different policies. Can anyone verify this?

depend on prulink come wif wat rider

Yes. Prulink 5th series have a max 5k cap.
Well if you are loooking for bigger life insurance. . . its better you purchase a different policy.
Its because if you endorse under your previous policy your payor benefit rider will increase as well.
Pruvalue plus is a better choise for big sum asured. Need to know more, you may pm me.

Huh? Why an investment linked need to have a 5k cap?

Then let say initially i have medical plan in it, i remove it and since medical plan is usually more expensive than other riders, can i upgrade let say the CI or Life coverage up to the 5k gap?

Example,

I have medical plan and my life coverage= 300k, CI=300k, PA=500k with waiver. Premium=5k

Now since i have detach the medical plan, can i upgrade my life coverage to 800k, CI=500k, PA=500k with waiver? with similar premium of 5k?

the answer is posible ... but any sum assured above RM500k will require a medical examination from panel clinic

1)My personal point of view a medical card is more important as medical inflation is getting higher & higher each day.
For example i have a customer's son is infected by virus infection and cost him about RM70,000 in total bill for 22days treatment.
Pru medical card is the most accepted in the market . . . we covors about 40% of total individual medical card sold in Malaysia

2)If you are looking for big coverage for PA there is alwaz other alternative or stand alone plan which is much cheaper

Can we make it clear wether a person can buy a prulink of max 5k, OR the agent can only take a full commission based on 5k? Any amount other than that, shall be regarded as investment preium I.e agent commission shall be much less.

This happens to Allianz's ILP 2 yes ago, until they lift up the 5k agent commission gap. I have seen Allianz ILP costing RM 200k per annum.

hmm, medical examination or not is not important..as long as can get higher coverage with the same policy. Why not optimize it?
I think before you make the statements that Pru covers 40% of total individual medical card, is it better to show valid statements from the authority, right?

Ok, so let say few years ago, i get Pru(old version of medical rider) and now, i wan to get a new Pru(latest version of medical rider). Can i simply substitute it in the same plan?

If yes, then it is good.. my concern is not important.

If No, this is what i am concerned about. Then, I will be required to take out the rider from old plan and i get a new medical rider in new plan. If i put higher coverage in new plan, the fund allocation is actually lesser than the old plan. So, it will not MAX my coverage and it is NOT economical. Agree?

This post has been edited by [f]ireZz[kf]: May 14 2011, 01:21 PM

u not counting need the waiting period when upgrade.

Haha... i think this makes sense...

Make sense right? If 5k max per plan then an uncle in age 50s cannot buy a lifer insurance of more than 500k? From my experience, 5k premium can only cover around 70k to 80k the max! So this person has to buy 7 to 8 policies to make it 500k? Doesn't make sense la!

In ILP it's usually separated into 2 accounts.

1* is the protection accounts(life,36Illnesses & medical rider) which have the 5K cap . . . . well new ILP policy like the PRULINK1
have replace the 5th & 6th series, so should not be a problem now for big sum insured
2* investment account which normally dont have any maximum cap & agent commission is only 3% from the total investment

Very simple . . . you can make an endorsement to your older policy to upgrade your medical rider
Your agent should be able to tell you the additional premium required

The allocation part will not effect your existing policy





This post has been edited by Colaboy: May 15 2011, 02:50 PM

Too sad not every agent cares about policyholder benefits.

Any agent around Melaka? I wan to get medical n those all in one de, around rm250-300 ....any company except hongleong,prudencial,alliance..

I am28 male. Thank you

If the beneficiary is the company for compensation for loss of keyman employee, then the insurance premium will be charged on company.

if the beneficiary is the insured person's next of kin, any outflow expenses frm company on the insurance premium will be charged to s4(b) under benefit in kind to the employee a.k.a director.

just my 2cents.

just curios why except HLA, Pru & Alliance?

Too many negative I hear..thx

i am using HLA, rm150/mth. bought 6 mths ago. basic coverage, cover 36 critical illness. would u mind elaborate what is its negative issue? thanks.

Claim problem,services..maybe the company is good but from my fren and relatives bad exp I rather avoid it then take this risk