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 Insurance Talk V5!, Anything and everything about Insurance

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fizzx
post Dec 26 2018, 11:23 PM

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Dear sifus, I have looked at both Prudential and AIA policies that have been generated for me. I would like to know your opinion(s) on both of these policies:

27F non-smoker Class 1 (50% responsibility of breadwinner)

Prudential - Plan Type: Regular Premium ILI
PRUwith you - SA RM100k : Premium RM 250
Crisis Care - Sum Assured RM100k
Acci Guard Plus - SA RM100k
Acci Med Plus - - SA RM5k

Pruvalue med:
- R&B - 200 (Deductible: RM300)
- Med Value Point: 1.5 mil
- Med Saver: 300

Payor Basic: 3k p.a

Insurance Premium: RM250 (A)
Investment Premium: RM0 (B)
Total Premium: RM250 (A+B)

AIA - Plan Type: ILI Plan
Basic Plan
A-LifeLink 2 - SA RM100k : Premium RM 200
A-Plus Saver : Premium RM 75

Riders
A-Plus DisabilityCare - SA RM100k
A-Plus Health - Plan 200 (Deductible: RM300) : Unit Deducting
A-Plus Multi CriticalCare - SA RM100k : Unit Deducting
A-Plus Early CriticalCare - SA RM50k : Unit Deducting
A-Plus WaiverExtra @70 - RM3.3k p.a : Unit Deducting

Total Monthly Premium: RM275
Total Annual Premium: RM3.3k

Thanks notworthy.gif

This post has been edited by fizzx: Dec 26 2018, 11:25 PM
fizzx
post Dec 27 2018, 09:31 AM

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Junior Member
92 posts

Joined: Oct 2014
QUOTE(Holocene @ Dec 27 2018, 08:37 AM)
Hey Fizzx, first off I would like to say your listing of the the insurance coverage have to be one of the most detailed I've seen on this thread and that's a good thing 🤓.

I'm Jiansheng by the way.

Ok, let's get right to it. Base on your question I would assume the agents have explained the benefits and T&C of the riders and you're just asking an opinion on the overall design of the plan?

Right off the bat between the two plans these are the differences:
- Personal Accident (PA) coverage
- Critical Illness (CI) coverage

As I can see, the Prudential agent has included a PA and 36 CI whereas the AIA agent did not include a PA but the CI coverage for AIA is wider (Early - Advance stage).

You also mentioned that you're 50% of the breadwinner hence another area that I highly recommend you look at is the sum assured for Life/TPD and CI. Are the sum assured listed above sufficient?

Best,
Jiansheng
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Hi Jiansheng, thanks for the reply!

Yes, you're right. Both agents have explained the benefits and T&C.

Do you reckon I should drop A-Plus DisabilityCare - SA RM100k for now and add on Personal Accident - SA RM100k? I would like to keep the premium as low as possible as I have other commitments. I may add the A-Plus DisabilityCare in future. What do you think?

QUOTE
You also mentioned that you're 50% of the breadwinner hence another area that I highly recommend you look at is the sum assured for Life/TPD and CI. Are the sum assured listed above sufficient?

It's sufficient for now and I plan to gradually increase it over time.
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