I did received quotation for individual plan. It is pricier.

Yeah, my Pru Link assurance was purchased in 2009, already 12 years, I just upgrade the medical card and add TMCC, make my life easy.
My 2 cent la, buy or upgrade insurance when you can afford it, for future protection

This post has been edited by wong_86: Aug 31 2021, 10:41 PM

Hi guys,

Just to clarify. Allianz have no claim refund upto 20% of COI.
Does it mean the 20% is from only the medical (medisafe infinite+) coi or its including overall COI (life,medical,critical) ?

I see that after 10-20 years the coi is very high and can save some good amount of money.

This post has been edited by Aghi: Sep 2 2021, 08:17 PM

Just to clarify. Allianz have no claim refund upto 20% of COI.
Does it mean the 20% is from only the medical (medisafe infinite+) coi or its including overall COI (life,medical,critical) ?

This

Hi all,

I am 23 currently, non-smoker, work as software engineer. Right now I am subscribed to a policy from Prudential that my parents bought for me since I was a child:

PRUmy child MYR 50,000
Crisis Shield Benefit MYR 50,000
PRUflexi med
-250(room&board)
-no deductible
-50,000(annual limit)
-1,000,000(lifetime limit)
Enhanced PRUpayor Basic

Premium MYR 170/month


My agent is proposing me to surrender the old policy and change to a new one:
PRUWith You MYR 50,000
Crisis Guard MYR 50,000
Acci Guard Plus MYR 50,000
PRUMillion Med
-200(room&board)
-300 deductible
-1,380,000(annual limit)
-no lifetime limit
Payor Basic

Premium MYR 250/month


I am wondering if it is possible to upgrade the old policy to have similar coverage as the new proposed policy especially for the medical card, or do I really have to surrender the old one and subscribe to the new? Thank you

Hi Sifoos, I am considering insurance for my daughter, age 9.

Option 1
Monthly RM 230
Age Coverage 100 years
Death/TPD 10k
R&B 200
Annual Limit 1.2M , unlimited lifetime
Parent Contributor Yes

Option 2
Monthly RM 180
Age Coverage 70 years
Death/TPD 10k
R&B 300
Annual Limit 1.3M, unlimited lifetime
CI 50K
Parent Contributor Yes

Thanks in advance your advice to help me to choose the above.

I was wondering, in the next 20 yrs, how much will the buying power be for the current value of
CI 50k, R&B 300, TPD 10k.
The hospitalizations cost maybe enough,... What abt life after hospitalization ?

This post has been edited by MUM: Sep 3 2021, 01:43 AM

Hi kaish529
No need to surrender , upgrade is a better option . but ur agent will get lesser commission.

PRUmy child MYR 50,000 --> Suggest you to upgrade to 100k because the cost wont affect much
Crisis Shield Benefit MYR 50,000 --> Suggest you to upgrade to 100k as well
If you got extra budget you can change crisis shield to Total multi crisis care

PRUflexi med --> this is actually good also , if you got extra budget then only upgrade to pru million med
-250(room&board)
-no deductible
-50,000(annual limit)
-1,000,000(lifetime limit)
Enhanced PRUpayor Basic

There is one important key info that you didn't highlight here , which is SUSTAINABILITY.
It affect the cost a lot , if your policy sustainability is until 100 years old , for sure it is very expensive;
If you lower down to 70/80 years old , you can maximise your coverage with lower price.

Again don't simply surrender your old policy , everything can be upgraded to match with current coverage . Even in the future as well.
If keep surrender and purchase new policy , it defeat the purpose of your parent buying this policy for you long time ago.

This post has been edited by ping325: Sep 3 2021, 02:23 AM

why not option 3
Age : 9 years old Female
Monthly------------------------[get quotation from different insurance company to compare ?]
Age Coverage------------------70 years [ because can be upgrade in future , 100 years is more expensive ]
Death/TPD---------------------100k [ because got discount ]
R&B-----------------------------200 [ quite good enough]
Annual Limit--------------------1.3M, unlimited lifetime [ more than enough ]
Parent Contributor--------------Yes [ single parent cheaper ] or you can upgrade to double parent if got budget
Child Payor----------------------Yes

For Prudential Pru With You is RM156 per month with the above coverage. One month cashback if you sign up before 30 sept.
https://www.prudential.com.my/en/our-compan...cashback-craze/
If still got extra budget then only add CI, CI got too many kind with different pricing , for example 50k crisis guard CI is different with 50k TMCC CI.

50k Crisis Guard CI --> add another RM 6 per month
50k Crisis Care CI --> add another RM 9 per month
50k Total Multi Crisis Care CI --> add another RM 15 per month
*disclaimer price check from prudential system as of 3rd Sept , actual precise pricing please refer to agent quotation before payment.

This post has been edited by ping325: Sep 3 2021, 02:51 AM

thinking about this "Next" 20 years,...
unknown to how much the current premium could have risen by then, (currently it increases at a rate of about 7~10% pa or more??)
unknown to how much she will earn,
unknown to where she will work or stay, (she could have migrate to China )
unknown to the capability of her to sustain paying for the policy
unknown to whether she will be covered by the employer,...(she may be a Specialist Doctor in a private hospital )

for me, i would not want to possibly "burden" her with the premium payment when she starts to work (unknown to her earning power) while i am retired with no income to continue to pay for her premium, the premium of my spouse and mine too
thus i just bought some medical insurance that can cover the cost of her hospitalization so as not to "eat" into my retirement savings,
for my income, i could afford about RM300k premium....(what are the chances of medical cost needing RM1mil annual limits, and if needed RM 1mil hospitalization cost....what will the end results of her?...will she be too weak to have a normal life for the rest of her life already)

with my current capability, i would prefer to use the saving saved (from "expensive" insurance coverage) for her education saving plan.....so that her education cost will not "eat" into my retirement plan too...(she will need it in 10 years time)

well, the rest,...just leave it to GOD...."we plan, but GOD decides"

Prudential policies can be upgraded, just get your agent to quote accordingly based on your existing plan & what you'll like to upgrade and see the premium difference.

Of course, doing so, your agent won't earn as much.

If you ask me, most insurance companies would quote around 120 - 250 monthly for a 9 yr old, depending on what kind of benefits you're loading into the policy.

Question is,
1. What is the kind of benefit you're looking for the child ?
2. Sustainability ?
3. How much are you budgeting for the child ?
4. Do you plan to set aside for education ?

Thanks for your feedback and option.

Thanks for your reply.

1. What is the kind of benefit you're looking for the child ?
- Basic Life/TPD, Medical, Parent Contributor. CI if the budget permits.
2. Sustainability ?
- I would prefer 100 years, however would like to know pros and cons between 70years and 100 years.
3. How much are you budgeting for the child ?
- RM 230 is the max.
4. Do you plan to set aside for education ?
-yes, just to cover for the above benefit.

just do take note....there had been many postings about the large (i think, mentioned abt 15~25%) and frequent premium of med insurance increases in another thread

Monthly RM 150
Age Coverage 70 years
Death/TPD 10,000
Multi CI (850%) 100,000
R&B 200 Daily
Annual Limit 2.5M, unlimited lifetime
Deductible None
Waiver for Child Yes
Waiver for Parent Yes
No Claims Incentive 15%

Here's my version.

2. Sustainability ?
- I would prefer 100 years, however would like to know pros and cons between 70years and 100 years.
Having a higher sustainability would mean that the policy is less likely to lapse earlier than intended. But for a young person till Age 100, that is a long way to go so they'll probably go through more economical cycles

This post has been edited by lifebalance: Sep 3 2021, 01:09 PM

That's why I prefer to take life/tpd on online website like FWD, takaful Malaysia, etiqa..It's cheap, can go up to 500k and also flexible to choose fixed term like for 30 years same premium.

They also have have CI coverage with cheaper price...so I think can reduce our medical ILP premium by minimising life/tpd, CI and take them from online.

Most agent quote me ILP with life coverage 50k. Yes I got no dependant but dude incase of tpd for young men, 50k is nothing. Need a million dollar 🤑

While the sound bytes presents itself as an idea worth considering, I'd like to provide a few other points for consideration:

1. A Term Life, while it is cheap, also comes with an expiry, which is the term that it covers for. In this case, a 30-year term.
Come the end of the term in 30 years, a lot would have happened. What's most likely to happen is that your assets would have at least doubled, and you are worth much more than you are now. At that point in time, should you want to continue having your Life Insurance, you would have to apply new, knowing that your current 30-year term is expiring.

2. Should you decide to continue having the coverage, your only option is to apply new, subjecting yourself to underwriting at that age.
In 30 years, it is guaranteed that our health won't be the same.

3. What do you think the net cost to you will be in 30 years? And then to top it off, considering to buy another 10-20 years of Life Insurance at that time?
It's rather off-putting, imho.

4. Should there be a reducing sum-at-risk proposal, would you consider that? Simply put, the only COI charged to you is to insure the balance sum-insured minus the policy fund value. So as your policy fund value grows, the sum-at-risk reduces. The premiums are leveled to age 100, guaranteed.
Your sum insured can start at a minimum of a million ringgit (or dollar).

I trust that these are points worth considering.
What do you think?

This post has been edited by JIUHWEI: Sep 10 2021, 01:55 PM

This pandemic has got me reading through my policies for exclusion clauses; suffice to say, the more I read, the more intrigued I become.

1. World wide coverage; 90 days out of Malaysia, any other insurers exempts Singapore and Brunei besides AIA?

2. Payor Basic has an exclusion clause for Angioplasty and other invasive treatment for coronary artery disease.

3. Infectious disease is not covered.

Any other exclusions that we as consumers have to be aware of?

each policy can have different type of under writing and exclusion , generally if you have the digital copy of policy
search these keyword for exclusion and read thru all the words if you want to understand more
1.drug
2.suicide
3.pandemic
4.bungee / sky diving / skydive
5.dangerous
6.crime

This post has been edited by ping325: Sep 11 2021, 11:24 PM

Yeah, thanks for the pointers… to add: ‘HIV / AIDS’ as well…

Any forummers have any feedback on AIA’s claim process?

Hi ,

Got a few questions to ask:-

- If a person decide to migrate from Malaysia, does the insurance he/she bought still cover or have to surrender?

- For critical insurance - any comments which policy to choose or ratio of multiple CI policy shown below?


AIA CI - RM 150k
A Plus early Critical Care
A Plus Multi Critical Care
A-Plus Beyond Critical Shield and A-Plus Beyond Early Critical Shield