I have oredi stated must read the finer terms in Post 1218 and cannot rely of the brochures.

A new buyer will just take the short answer.....no ?

If every agent will to go into details, I doubt he can sell many policies....I am not saying he is dishonest, but is just a general question which only a general answer is needed.

A contract is one after signed.

This post has been edited by mini orchard: Aug 30 2021, 01:44 PM

Currently, review my policy since had endorsed last 2017, single, non-smoker, work in IT section, 35 years old

RM220 per month
PRULink Assurance Plan MYR 30,000.00
Accident Medical Reimbursement MYR 2,000.00
Accidental Death & Disablement MYR 20,000.00
Crisis Shield Plus MYR 20,000.00
Enhanced PRUPayor Basic MYR 2,616.00
PRUMed 1 unit(s)
PRUValue Med MYR 200.00 (Room & Board)
PRUValue Med - Med Saver/Deductible MYR 300.00
PRUValue Med - Med Value Point MYR 1,000,000.00
Weekly Indemnity 2 unit(s)

My agent proposes an upgrade to PruMiliion

PRULink Assurance Plan MYR 30,000.00
Accident Medical Reimbursement MYR 2,000.00
Accidental Death & Disablement MYR 20,000.00
TMCC MYR 50,000.00
Enhanced PRUPayor Basic MYR 2,616.00
PRUMed 1 unit(s)
PRUmillion MYR 200.00 (Room & Board)
PRUmillion - Med Saver/Deductible MYR 300.00
PRUmillion - Anual Limit MYR 1,38m
RM350 per month

She also propose to me the " I help you, you help me " plan which is to surrender my old one, make a new policy ( premium cheaper, more benefit ), I do not yet receive the proposal, stay tune..

That one million in a lifetime, enough to cover the medical cost?

This post has been edited by wong_86: Aug 30 2021, 01:49 PM

Can just upgrade from the existing plan, no need to cancel here and there

Very frankly, let's say someone asks me "hey, do you know if SLE is covered under CI?"
My answer will likely be "I don't know, let's find out yeah?"
Proceed to pull up policy wording.

Hmm...nobody walks around with brochures anymore.
In fact, there are policy wordings that can be accessed in order to find out too.
With all the tech today, it's a matter of minutes to pull such documents up.

Yes, a new buyer will likely take the short answer.
But when looking at the policy wording together, it's quite difficult to avoid the lingering sentences / other columns in the table or schedule.

Unless there is an effort made to hide some info.... which I can't imagine what benefit would derive from that..

Interesting... do share with us how she plans to circumvent the "Replace of policy" since she is asking you to surrender your old plan.

Best,
Jiansheng

if she really want to help you , she should ask you to upgrade instead of surrender & repurchase

Your question : That one million in a lifetime, enough to cover the medical cost?
Answer : More than enough , that is 1.38 million limit per year not lifetime. And it is prudential most expensive card.

This post has been edited by ping325: Aug 30 2021, 06:00 PM

If I apply a new policy, surrender old one after one year. The agent got the commission after that, while new policy's premium and benefits are cheaper and good compare to the upgrade policy.

But after reconsider, I decide to upgrade the current policy due to below,

If I apply a new one, there are things to do.

1. underwriting
2. Waiting period 4 months
3. contestable period 2 years.

I don't want to risk it, especially current pandemic situation.
Just stick to the old policy and upgrade it.

thanks the advise , bro

will the premium of the "Now" cheaper one increased in greater quantum over the few cycles when compared to the existing more costly one?
how is the comparison on policy sustainability duration between them two?

really pening if have to compare in depth

Good decision

any recommendations on most value for money medical card that covers covid? either standalone or ILP
looking for around 500K to 700K per annum coverage.
dont need higher then 700K to avoid high insurance cost

> AIA

can quote me?
I can send you details that you need via PM

Sure

The agent got the commission after that.
Ans : the agent will get commission for both upgrade and new case , just that new case of course more commission because upgrade amount is lesser.


while new policy's premium and benefits are cheaper and good compare to the upgrade policy.
Ans : i tried to compare A to A before , pru link assurance vs pru with you [ latest plan ]
Everything can be upgraded as per pru with you except life booster only.
Rider such as disability income replacement is only available in pru assurance and cannot move to pru with you.
I tried pru link assurance that purchased 10 years ago vs pru with you that purchase now, with the exact same coverage & sustainability;
PRU WITH YOU is more expensive. So thats why upgrade is more favourable on customer end.

I also tried by upgrading to match with existing coverage from old plan , it is much more cheaper compare to direct purchase a new plan all over again.
Don't simply surrender or terminate it , else why we buy at the first place before this right ?
tak kan we keep surrender and buy again in future

This post has been edited by ping325: Aug 31 2021, 12:23 PM

I need a comprehensive takaful plan which could cover me at least 300k (death/tpd), 250k (CI), and 300k annual limit (medical) up to 70yo. I have received two quotations from different takaful operators namely prubsn and aia. Both suggests me to take two separate takaful policies (one for medical and one for death&CI) for more coverage at lower cost.

The plans are as follows:

1) prubsn
anugerah+: 10k (death/tpd), 300k annual (medical), level term payment = RM247
warisan+: 350k (death/tpd), 250k (CI) = RM151
add-on: deductable 300 and waiver
TOTAL = RM398

2) aia
a-life ikhtiar: 20k (death/tpd), 300k annual (medical) = RM201
a-life legasi: 350k (death/tpd), 250k (CI) = RM364
add-on: deductable 500 and waiver
TOTAL = RM565

Could someone here comment whether the medical limit is suffice for at least 10 years ahead?
And is it true that aia is generally more expansive?
And which plan is the best?
Is it alright if I choose a-life ikhtiar for medical and warisan+ for death/tpd/CI?

Btw, I am 34, M, nonsmoker, class 1 occup.

I would hardly believe the price difference is over RM200.

It's best for you to disclose the full quote on Warisan+ before I can comment fairly.

Additional info, the Warisan+ sustainability age is quoted as 55 instead of 70. Do you think that this could be the reason of lower price quoted? What is sustainability age anyway?

Might want to request for individual plan & compare yourself.
Generally should be higher cost if separate policies.

Yes of course, to last till 70 you'll need to pay more, so if you wish to compare Apple to apple. Get them to quote till 70

Sustainability just basically means how long the policy will last based on the amount you're paying.

In your case, your Pru policy wil end at 55 instead of 70.

This post has been edited by lifebalance: Aug 31 2021, 05:53 PM