QUOTE(anhydrous @ Jan 29 2021, 06:51 AM)
hi experts,
is it normal for Prudential to suddenly increase your monthly premium for medical card stating that they are revising the prices due to changes in cost of health care bla bla bla (price increase almost 20%.
Medical repricing affected by is it normal for Prudential to suddenly increase your monthly premium for medical card stating that they are revising the prices due to changes in cost of health care bla bla bla (price increase almost 20%.
- COI of riders, amount of coverage (larger amount higher the cost)
- investment fund performance (low or high cash return)
- premium you paid (yes the same coverage can be design with minimum premium or higher)
- sustainable during initial plan design stage (if a age70 plan design was sustain till age60+, now company calculate till age70 then need top up)
Not everyone premium increase in same amount or percentage.
If the premium raise really burden .. can contact your agent discuss about the riders and coverage adjustment