hi db07mufan, your medical plan is a standalone medical or ILP?

hi MiKE7LIM, with RM250 monthly premium, the benefit is considered good.

hi Chyan, with RM180/month, most likely the plan will be more focused on medical card. life and critical illness benefit will not be a lot. at least it is something good to start with.

hi fariz, you are looking at their latest medical plan which comes with many other perks if you sign up for AIA Vitality as well.

hi fariz, if you are comparing COI, cheaper ones are Prudential, GE and HLA. For AIA, Allianz and Manulife, the COI is slightly higher but of course the benefits differs too.

hi afif, i'd never heard of 'loss of license' policy. for AIA latest medical card, you can actually find it on google.

as of life insurance, it will be more on risk management planning based on your current lifestyle and needs. (MLTA is actually life insurance termed as MLTA)

hi afif, in terms of "loss of license" insurance, i won't be able to shed more comments on that since i have never come across plans that cover that. for your friend's coverage, it's very depending on when he bought it, how many years the plan covers him for, is it a term or ilp, occupation, smoker/non smoker, etc. Can only share more if he is willing to tell you all the details and show you the plan. if you are really keen on how much plan you wanna get, just let me know. i can plan something for you but you are not obligated to buy/apply anything.

hi fariz, indeed Cost of Insurance (COI) will increase as one ages. COI is not equivalent to premium ya. when your payable premium + cash value is not able to cover the COI of the plan, then only insurance company will increase your premium.

hi rapple, glad to hear that! for insurance company, they normally deal with physical letter/mail. agents are the one using email normally for matters like this.

Hi Cyclopes, GE post-hospitalisation treatment it depends on whether Smart Medic Enhancer is attached or not. So yea if this rider is attached, then yea the post-hospitalisation is extended to 180 days.

hi zeigeist, you can ask your agent to fill up the form and send it to you and you can sign it digitally and scan it back to your agent. It's possible to surrender via email so long your agent (or any Prudential agent) sign as a witness.

For auto-debit cancellation, you can fill up this form. and email it to customer.mys@prudential.com.my.

glad to hear that zeigeist. could be due to MCO since everyone is restricted to travel around to get the document signed. remember to also fill up the payment method change form just in case they take longer time to process. i have a friend that he surrendered his policy in April but till today the processing aint complete yet.

hi there, the process is not complicated. it is more of the hassle to go to the insurance companies to do claims through customer service. it is the time and effort spent. but i do know some are willing to do all this themselves without going through agent even though they bought from agent.

if you are going to get medical insurance via agent, can also check out/compare getting life insurance via agent vs via website. guess asides from pricing, you can also consider since there is already an agent helping you with medical insurance. of course after comparing, end of the day decision is still yours to make.

normally i will compare it like this

term insurance and standalone medical card vs investment linked. this is something that is always debatable. actually there is no best product here, only thing is still goes down to your needs (how much exactly you wanna get covered for and the term of coverage). then only see which products is the most cost-effective for you based on what you need/want.

hi afif, its normal that most people think like you. most agents are like that and maybe that is also maybe lack of explanation from agents. so long you are clear with your decision to me that's the most important.

okay i need more info to recommend. your current age and also the amount of coverage you need.

ok then let me just assume you are 30 this year. I used online life insurance Fi Life (underwritten by Tokio Marine) to do this comparison with a simple ILP life insurance.

1. Fi Life Yearly Renewable Term (YRT) is the one that pays lesser now and premium will increase according to age (refer future premium rate).
2. Fi Life Level Term (LT) whereby premium is fixed for the following 20 years.
3. ILP whereby premium is non-guaranteed (yes for all ILP premium is non-guaranteed due to non-guaranteed fund performance).




Based on 500k life insurance for 20 years assuming you buy at the age of 30. The total cost for
1. Fi Life Yearly Renewable Term (YRT): RM34,316
2. Fi Life Level Term (LT): RM31,188
3. ILP: RM31,200 (have an estimation of cash value of RM25k at the end of 20th year)

The above cost also assumed if you don't do any investment. So i factored if you have RM35k now and you are investing in a 6% p.a investment vehicle and at the same time you are using the amount here to pay for the yearly premium. End of the 20th year, you will have more if you bought an ILP.

1. Fi Life Yearly Renewable Term (YRT)


2. Fi Life Level Term (LT)


3. ILP


do let me know if there are other online life insurance products that you are looking at so i can analyze for you

This post has been edited by ckdenion: May 16 2020, 04:38 PM

hi ajin, just by commenting on the plan, it looks ok. other than that, cant comment much.

hi darkueki, put it in another way, not to say its an offer. if you memang wanna get that new medical card PruMillion Med, then yea it is compulsory to get PruWith You. if you can afford to pay both, its okay too. in this case normally what i will do is, make the new plan to focus on medical, and the previous one an income protection plan.

hi rebornyama, for personal medical card there is no cover for GP/private clinic visit.

yea darkueki, basically it's just how message is conveyed to you. the PruMillion Med is only attachable to PruWith You as far as i know. for case like this, how i will do it is make one plan that focus on life insurance for income protection planning and another one on medical card although both is ILP. OR upon getting that new policy, check is there any life insurance/critical illness payout amount for income protection that you wanna increase? if yes then top up the balance in the new policy together with the new medical plan.

hi Taeee, for GE, all Smart Medic Xtra medical card got price revision starting 1st June 2020. your family members having the same medical card?

of course it will be more recommended to increase the premium. if you don't reply the letter, company will treat it as you don't agree to increase premium amount. so if you do not want to increase your premium, your plan will lapse earlier due to the increased of medical card cost of insurance.

for example, if you are willing to increase premium, the policy will sustain say until 78 years old. now with the increase of COI and not increasing the premium, your policy will sustain till 72 years old only. this is just an example ya.

company is actually issuing the letter of notification batch by batch. some receives earlier some later. yea if you want to increase the premium as per stated in the letter, just reply the letter will do and pass it to your agent for submission

it's just an usual ILP plan with no riders attached. purely life insurance just like the term life insurance. for the comparison is if you are going to take 20 years term ya. if you will like to go further until 70/80 years old or until 99, then the outcome will be different. so yea knowing the term is definitely helpful for your planning

hi itv_mark5, how many weeks already?