Hi all,

Below is my current plan, used to be monthly RM240 on PRULink Assurance Plan.
Then agent advised me change to RM100 on PRULink Assurance Plan, and RM140 on PRUWith You. (Current)
Now agent advise me cancel PRULink Assurance Plan, and total RM240 on PRUWith You instead.
Should I go for it or there's something going on? Thank you.

PRULink Assurance Plan | RM100
Benefit Description - Benefit Purchased
PRUWith You - MYR 10,000.00
Payor Basic - MYR 1,680.00
PRUMillion Med - MYR 250.00 (Room & Board)
PRUMillion Med - Med Saver MYR 300.00
PRUWith You (TPD) - MYR 10,000.00

PRUWith You | RM140
Benefit Description - Benefit Purchased
PRULink Assurance Plan - MYR 80,000.00
Accident Medical Reimbursement - MYR 2,000.00
Accidental Death & Disablement - MYR 80,000.00
Crisis Shield Benefit - MYR 80,000.00
Enhanced PRUPayor Basic - MYR 1,200.00
Hospital Benefit - MYR 200.00 per day
PRUDisability Provider - MYR 8,000.00 per annum

Hello All, I have an old medical card policy with ING and later acquired by AIA. The annual limit is 100k and lifetime limit is 300k, which is very outdated as most of the policy nowadays is with unlimited limited (told by the agent)

Still considering the change within AIA or other insurance company, but may I know the switch over is usually to
1. terminate the old policy, and subscribe with the new policy and waiting period (120 days) applies.
OR
2. is there any possible way to switch over to new policy without any waiting period?

I don't know what's the purpose of your agent doing so. What's the justification?

Hi lifebalance, thanks for reply.

Sorry I edited the post, benefit was reversed.
She says old plan is oudated, with this can help me change coverage from 36 critical illness to 160 critical illness.

Some of my friend inform to never cancel old policy, so I'm hesitating.

Why not just add on with the current PruWithYou since it's already there, you're just topping up for the 160 CI no?

Just remove the 36CI from the old policy.

There's no topping up, monthly commitment remain the same RM240.

She says Death/TPD/Accidental Death/Critical illness payout is same, just that it increase coverage from 36 to 160 CI.
From paper it looks benefit?

But many tell not to cancel old policy as they're always best value and investing to new one agent take large portion of commission or some sort.
So I'm hesitating if to go for it, or there's other opinion? Thanks.

Looking for term life insurance, coverage 500k.

Came across PB WealthElite 3, hence did some comparison among other players such as Axa/ AIA/ FWD / Takaful & FI

Traditionally TL has no  value in term of return but as compare to PB WE3, it states as below

Reap the rewards of your plan with 100% of your account value at maturity.
You will receive an additional 20% of your account value as a Longevity Bonus

Would want to see feedback from those who have sign up for this product and understand whether it's worth the $ spend

Welcome feedback and suggestion

Thanks

Looking for term life insurance, coverage 500k.

Came across PB WealthElite 3, hence did some comparison among other players such as Axa/ AIA/ FWD / Takaful & FI

Traditionally TL has no  value in term of return but as compare to PB WE3, it states as below

Reap the rewards of your plan with 100% of your account value at maturity.
You will receive an additional 20% of your account value as a Longevity Bonus

Would want to see feedback from those who have sign up for this product and understand whether it's worth the $ spend

Welcome feedback and suggestion

Thanks

Keep that old policy n Buy a new policy with deductible?

AIA do upgrade holders of earlier policy/product.  Reach out to your agent again, he would be able to guide you.

1. There will be a new waiting period of 120 days, I believe what you have is Excel Care.

2. Not likely.

Okay, then have to manage this 120 waiting period carefully...
Yeap, it's excel care.. it is so ol d and long ago and I cant recall the name until you mentioned it..

Will it be more cost effective?
Thinking if paying 1 plan will be cheaper than 2..

Sifus, my agent told me my old policies all cannot upgrade or increase sum insured or change coverage already... So I must buy a new policy.

I'm well covered by my employer now but I'm thinking about after retirement.

What's your typical advice for someone looking to have adequate coverage for himself and his family after retirement? For me it's largely around death or tpd in my case, plus medical coverage and major illnesses for me and my family (spouse and one child).

just asking,......how old will your child be when you want to retire?
if he/she is in working age,...then maybe require less coverage by your plan...or he/she can opt to have own coverage

13 years old 😱

Sifus, my agent told me my old policies all cannot upgrade or increase sum insured or change coverage already... So I must buy a new policy.

I'm well covered by my employer now but I'm thinking about after retirement.

What's your typical advice for someone looking to have adequate coverage for himself and his family after retirement? For me it's largely around death or tpd in my case, plus medical coverage and major illnesses for me and my family (spouse and one child).

There isn't a typical advise, everyone's background is different. There is no such thing as One-Size-Fit-All plan.

Another thing is that, what your agent does may be different from the way I or others would structure the plan or recommend.

Hence, you'll be expecting very general/generic answers in here from the typical text book.
- Cover your liabilities
- Cover for critical illness/accidents/disabilities etc - 3x - 10x of your annual income
- Cover your medical expenses / family (if any)
- Planning your retirement

Hope the above sounds typical enough.

thank you very much for your reply. Should I only buy after retirement? Mostly concerned about medical expenses , e.g. cancer, etc. which could wipe off my life savings