QUOTE(daniel_g888 @ Feb 17 2022, 03:51 PM)
Hello all sifus,
I have a doubt and hope if you could give me some guidance here.
I am 41 years old and non-smoker, and just about to enter into 42 years old soon in coming April. And I have been having one insurance plan with Prudential since Y2010 when I first started to work. The plan is a very basic Pruhealth plan with just about RM188 per month, that covers the following:
Medical card annual limit RM62,500
Lifetime limit RM225,000
Room RM150/day
Life benefit: RM10,000
Critical Illness: RM50,000
Critical Illness type: 36
Hospital benefit/daily allowance: RM100/day
Plan sustainable until age 70
I know the above plan is too old and may not even be able to sustain with today's (and even future) medical cost.
So I rang my agent and just to see if I could opt for upgrade so that I could get something more sustainable, but the quote I get by increasing the annual limit to RM1 million (and no lifetime limit), and RM200/day for Room on above will get me to nearly RM400 per month premium.
But if I get a new plan quoted from GE I could also potentially getting slightly better in terms of overall benefit and coverage, yet with almost identical monthly RM420++ premium amount.
Here is the new GE plan that quoted for me:
Plan: Pruvalue
Medical card annual limit RM1 million
Lifetime limit: no limit
Room RM150/day
Life benefit: RM50,000
Critical Illness: RM50,000
Critical Illness type: 45
Premium waiver
Plan sustainable until age 80
Monthly premium: RM420
So I am a bit puzzled here. Because I was advised by many that usually customer opting for upgrade on their existing insurance plan wouldn't normally have to pay so much of the monthly premium compare to taking any new plan subscribing?? Did I miss anything?
Can sifu here guide me which option should I opt for? Upgrade existing or go with new plan from GE?
Thanks
Few factor that determine your pru upgrade price :
Just to double confirm you only upgrade your existing prudential plan by swapping the medical card only ?
Did you adjust the sustainability , CI type ?
Did you perform any cash withdrawal before upgrade ?
If you were to compare GE vs Prudential , the only factor always is medical card & CI , as this two portion price fluctuate a lot depend on the type of coverage chosen. Mind telling type of CI in Prudential and GE ? CI at least 5 types for Prudential like crisis care , crisis guard , total multi crisis care and so on.
Each of the CI have different price and functions. By mentioning 50k CI is too brief.
Some may only cover late stage only , come may cover both ,some have additional payout etc....
For example 50k prudential total multi crisis care CI is definitely much much more expensive than prudential crisis care CI of 100k.
This post has been edited by ping325: Feb 18 2022, 10:09 AM 
Dec 14 2021, 05:36 PM
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