As usual, I am not an expert in insurance or of any sort.
Just my thoughts while waiting for real expert to response

He or she wants to make the premium only RM1.5k and use the balance and invest themselves. Can. Only not sustainable. Need to keep topping up. In the end come back to same thing.

This post has been edited by Ramjade: Oct 8 2025, 01:00 PM

First we gta establish that there is cost of insurance (COI) involved and we gta keep in mind that the COI doesn't stay stagnant. It increases with age, for the sole reason that the risk factor increases as we age. This applies to every personal insurance product except for PA (yes, I am aware that insurers are trying their best to continue to either accept applicants past age 70 or allow to renew past age 70).

The waiver of premium is a great product, I would suggest it to all my customers who opt for the ILP structure.

Possible to not follow the suggested premium? Yes, ILP is a plan where the consumer has the most control. Well, you can't control the COI, but you can have control over how much you pay, how long you want the policy to sustain, and withdraw the fund values as you please.
Of course there are minimums that the insurance company can suggest for you to maintain. Even so, you can choose to ignore it as well, bearing the consequences lah.
You can even opt to pay the future premiums in advance.

That being said, here's my two cents lah:
I save and invest with objectives in mind. Education lah, house lah, car lah, fam vacays lah, etc.
Among my objectives, none of it includes "hopefully I have enough to pay the COI in the future".
None of my objectives involves anything that doesn't revolve around fun and my desires. I believe this is the same for a lot of people.
So for my ILP policies, I front-load it. Especially for my kid. I much prefer small tickets over the years, as opposed to constantly have to worry about something as trivial as the premiums and COI. Yes, the medical COI will rise, this is how I prepare for it.
Maybe it vibes with you, maybe it doesn't.
I am a second gen in the insurance business, my (father's) data tells me enough to shape my outlook and directions.
So I can spend my nights planning weekends, family dinners, gardening stuff, etc.

With that, I would like to again point out that that doesn't mean the ILP policies are gna solve all my problems.
Front-loading it takes my mind off having to worry about COI increases.
Then I have other concerns just like everybody here too. Hence I also have my own investments into other businesses, rent-seeking properties, dividend stocks, my self development, etc.
Got tenant problems or not? Memang ada
Got failed in side business? Memang, totally lost everything that I put into it. Learned very expensive lesson.


Am I ignorant about greater returns elsewhere?
Maybe I am, because as you can see, I am a rather risk-averse person from my past.
Perhaps you have your own experiences, and that's personal to you.
So then just get an insurance plan in the way that works for you, that you agree with.

Is the insurance company gna make some money from you? Semestinya. Without a doubt.

Come the question of insurance company fund performances vs investing on your own...
Insurance company funds cannot invest as they like or take chances like retail investors.
Even the equity funds are bound by clearly defined parameters, and meticulously followed.
But if all that is not for you, then its not for you, buy term and standalone plans and products.
Nobody is stopping you from investing on your own.

And if budget is an issue, let's work with the budget rather than forcing something through just because it "sounds better".
No such thing as better or worse.
If it fits, it fits. If it doesn't, then everybody also susah.
What's the point then?

This post has been edited by JIUHWEI: Oct 10 2025, 11:51 AM

While I acknowledge that medical inflation is real and in the range of double digits, annual limit of 1mil is still very high. It will probably last 20 years at least, if not more. Of course, just guessing game from all of us but to assume 1mil can't cover anything serious in 10 years is still too doomsday perspective.

Regardless of ILP or non ILP, your typical terms and conditions are the same usually. Because they are medical insurance.

As for options to update, it can be tricky. Some companies do offer their existing customers to upgrade, get a new plan, etc. but you do have to put in some effort to scout and understand as well.

I will slowly answer other parts when I am free.

Hi, is it possible to withdraw the money from PRULink Assurance Plan without termminating my Prudential life insurance coverage? Is there any fee to do the withdrawal?

3. For traditional plan, the minimum amount for policy loan is RM 500.00 and shall not exceed 90% of cash value available for the policy;/

4. For universal life plan, the minimum amount for policy loan is RM 500.00 and shall not exceed 80% of the amount in Basic Unit Account of the policy;/

5. Interest shall be charged on the loan amount at the prevailing rate prescribed by PAMB and shall be compounded at each Policy Anniversary of the policy. Information about the interest rate can be found on PAMB's corporate website or can be obtained from PAMB upon request; and/

6. The Assured shall pay the stamp duty charged at RM 5.00 for every RM 1,000.00 loan amount. PAMB will deduct the stamp duty from the loan amount before paying the the Assured/ Assignee (whichever applies).

If as per this Prudential Policy loan agreement found in the net and if it is still valid and in use.
https://www.prudential.com.my/export/sites/...n-agreement.pdf

This post has been edited by MUM: Oct 20 2025, 10:07 AM

I think best you open up the policy document and check. But i can give you some general rule of thumb.

Assuming yours is an investment linked plan, you can generally withdraw money but subject to a minimum balance (example, 1k or 5k or 10k) and generally no withdrawal fee. I do know some companies have withdrawal fee but i dont think prudential is one of them.

I'm just curious, did you ask this to your agent?

My insurance premium yearly RM 3270 (top up once this year, to sustain my critical illness coverage from RM3000, the coverage period also axed till age 69 at the same time)
SMARTPROTECT ESSENTIAL INSURANCE 2, SmartMedic Xtra

GE suggest me upgrade to RM3930 ,
GREAT MediValue Exclusive (only upgrade on medical)

currently my medical coverage is until Age 80, next year they gonna axe my coverage anyway to age 66. should i continue with this policy or lookout ?

Im not concern so much on the amount of coverage , but the period, keep getting axed.

any advice on planning on the surrender ? better to take other premium concurrently for few years till the new ILP passed the waiting period ?

This post has been edited by Pain4UrsinZ: Oct 20 2025, 01:23 PM

While waiting for real value added responses to your queries. I kay poh abit.
If for me i would like to hv it covers till at least 80yrs old. 66 yrs old i think is too young.
But then if they can "cut" the previously purchased plan from 80 to 66, how to know they won't "cut" the age of coverage again for the new to be purchased plan years later?

As MUM said they cut your period down what makes you think they cannot do it again? The only way to prevent them from cutting your age are
1. Remove any other insurance apart from your medical insurance. This way all premium paid will be channel to medical insurance. Of course with ILP you still need the bare minimum of life insurance
2. Increase your premium paid.
3. Perform lump sum topup around RM50k

If you want to keep current period usually need lump sum top-up. If you have no new illness and your plan is like 10years old you can change plan provided you are still healthy and willing to wait 2y for waiting period.

This post has been edited by Ramjade: Oct 20 2025, 02:24 PM

I’m trying to understand the separation — I hope I’ve got this right. The waiting period for medical coverage is usually between 30 and 120 days, so it’s safer for us to switch plans or change to another insurance provider. Meanwhile, for life and critical illness coverage, it typically takes about 5 years to reach 100% of the insured payout. So it’s better to separate them to avoid being locked in or trapped under single plan, right?

Not quite correct. Waiting period for medical insurance is 2 years. That means after 2 years insurance company got no right to decline you for cancer, gall stone, kidney stone, heart attack, stroke, high blood pressure, diabetes, back pain unless you commited some fraud. If you want to claim any of the stuff mentioned above before 2y you pay and claim first. So don't think think it's 30 days and 120 days. Anthting other the listed above usually no issue claiming after 30 or 120 days.

Critical insurance not very sure as I have forgotten and not interested in it.

I don't think it's locked under single plan as your medical insurance is a rider and your critical illness is a rider which you can attach to the ILP part of the life insurance. I could be wrong on this. Each of them have their own terms and conditions.

Actually you should not be thinking of switching here and there. You buy insurance is not to make money from insurance company. You will lose money to the insurance company. That is expected. You should not be thinking about claiming insurance unless really needed. Insurance is a lottery you don't want to claim but you are thankful you got it. You want to switch here and there can. But no idea what is your goal. Insurance is for protection. Nothing else. That's why I don't buy any ILP nonsense.

This post has been edited by Ramjade: Oct 20 2025, 03:41 PM

I am trying to avoid my agent unless I am claiming for something. Agent like to push new products. Anyway, I am asking this because already accumulated a healthy amount there and kinda skeptical that Prudential allow full or any withdrawal at all.

This post has been edited by Human Nature: Oct 20 2025, 05:32 PM

1. Called up the customer service and ask.
2. Upload your contract with trj insurance agent and ask chatgpt to analysis for you if got any penalty.

I would do both to be on the safe side.

Could it be that you allow so little disclosure to your agent, that he/she doesn't know what else to do with you...

I think you misunderstood the communications sent out by GE. Now dont get me wrong i dont work for GE. So i am guessing is, due to your lower premium or lower account value, if you continue to pay what you are paying now, your coverage expected to sustain unt age 66.

If GE offers you to upgrade, check for 2 things,
1) does your coverage remains the same, ie no health assessment
2) does your new medical plan come with higher annual limit AND more choices of deductible?

If yes to both, just go for it.

I want to correct this part again. And correct this misconception

If you buy a medical insurance, your waiting period is 30 days or 120 days. 30 days for most illnesses, 120 days for the specific illnesses and all these information are written in the contract.

The 2 years thing is usually what the insurance company calls as incontestability period which often gets misunderstood. And this applies to major claims like death claim for example. I forgot the exact clause in the contract, dont have a sample with me right now.

For medical claim, even AFTER 2 years, if insurance company can find the evidence of fraud, they can still invoke any action as stipulated in the contract.

And there is no such thing as no GL being issued within 1st 2 years. All these depends on the customer and health condition, etc... if customer buy, and 5 months later say kena cancer, a cancer that usually takes long time to develop. Insurance company will find it suspicious, of course starts to question.

Dont need to be sceptical. What you can or cannot do, is all written in the contract. If dont want to speak to agent, can contact prudential directly.

That's why for me I treat it as 2 years. Yes they can decline GL if you committed fraud.

Hi all
Back in the old days i was pretty active in joining all sort of Medical card related discussion in LYN. For whatever reasons which I could no longer recall, I bought an ILP for my dd 20 years ago, now i'm at the junction to decide whether to continue or to part with the ILP and get my dd to purchase a standalone medical card.

FYI.
I pay 3K/pa for this ILP - Assuming 20 years straight of paying 3K, i have paid the insurance co. 60K by now.
Total fund value now is over 50K.

Not too bad as a whole if I can still get back 50K assuming not much chargers if I were to surrender the ILP now.

As i have left the topic for so many years, many medical product may have surfaced since then, hence I would like to hear some comments, recommendations, etc.

Tks all.


a throwback of one of my chit-chat in this topic back in 2009......

[QUOTE][quote=numbertwo,Nov 23 2009, 07:24 PM]
ILP usually deducts the units from your investment portion of your policy in order to pay for the riders(ie. medical, CI, payor waiver, etc.) that are attached to the ILP. So, if the funds that you have chosen fails to 'shine', your premium will surely goes to paying the rest of the riders attached. And remember to ask the agent, does he know anything about 'Top-Up' cases in ILP. Top-up cases happen whenever the units in your investment funds are insufficient to pay for the cost of insurance+riders... , you will have to top-up a certain amount of money in your renewal. Many ILP policyholders are not aware of this 'feature' in ILP.. So pls take note.

So, yes, ILP's return is not guaranteed, never listen to any guarantee mentioned by the agent as ILP will never have any kind of 'guaranteed' return. What you gonna get after 20 years is all depending on the performance of the funds chosen in your ILP... Good luck.

---

Added on November 23, 2009, 7:30 pm[/QUOTE]

This post has been edited by numbertwo: Oct 22 2025, 05:53 PM

Just be aware of the premium to be pay after 55 yrs old. It was reported that each 5yrs bracket hike + the frequent periodic increases will be quite substantial after age 55.

Getting a new medical insurance will be subjected to new underwriting and review of any preexisting conditions and health condition. Better try to hv BP, Cholesterol level, uric acid level and etc etc brought under control before applying for new medical insurance....which would most probably subject to medical examinations especially after xx age

If budget is a constraints try term insurance....

This post has been edited by MUM: Oct 22 2025, 06:20 PM