Insurance Talk V6!, Everything about Insurance
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 Dec 5 2020, 03:36 PM
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#1
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Senior Member
1,643 posts Joined: Jan 2003 From: Federal Territory of KL Status: Widowed   
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Hi, I'm curious on how the premium price is determined. There seems to be no standard reference. Does it mean agent can put a higher price to earn more commission?
Life: 100k Critical illness: 100k Accident: 100k Accident medical: 2k Medical - room 200, limit 1.38mil p.a, lifetime unlimited Age 35 => how much would the premium costs roughly? |
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Dec 5 2020, 09:19 PM
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#2
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Senior Member
1,643 posts Joined: Jan 2003 From: Federal Territory of KL Status: Widowed
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QUOTE(MUM @ Dec 5 2020, 09:08 PM) since the normal system quoted price can be "up sized" by 11 from 189 to 200,.....can the same normal system quoted price be "downsized" by 11 from 189 to 178 too?...(like reduced future savings).? I believe 189 would be the base value then.   No lower than that. |
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Jan 29 2021, 11:39 AM
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#3
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Senior Member
1,643 posts Joined: Jan 2003 From: Federal Territory of KL Status: Widowed
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QUOTE(anhydrous @ Jan 29 2021, 06:51 AM) hi experts, My sister also just got it yesterday, but I got mine since last Nov/Dec. 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%. This is not the first time it got revised. I received such letter every few years. Only this time, they increased the premium without adjustment to the lifetime limit.  |
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Jan 29 2021, 01:28 PM
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#4
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Senior Member
1,643 posts Joined: Jan 2003 From: Federal Territory of KL Status: Widowed
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QUOTE(lifebalance @ Jan 29 2021, 11:55 AM) Policy benefit does not change when they ask you to increase your premium. They did increase my lifetime limit previously during the adjustment, but not much The additional premium is to maintain your original policy term of coverage without altering your policy benefit.  |
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