Hi all,

why so suddenly prudential increasing monthly payment.
Me and my wife increase more than RM25 and my child about RM19

agent said


She said 95% from increasing value will be in saving but no add-on medical value-added. WTH?
feeling like being SCAM by PRUDENTIAL.

I got no issue using AIA 5 years ago.

others Medical insurance increase also?

Mine GE also asked to increase by rm50 per person this year. This is to ensure the investment-link thingy is enough to cover ur medical card till certain age. Insurance charges increases every year

https://www.theedgemarkets.com/article/insu...-rate-says-liam

I think it will continue to go up.
All funds are drying up and they are asking those are still there to pay.

Everybody increase, not just Prudential, but Prudential's medical plan was expensive to begin with, so they have already built in a lot of buffers, so their % increase could be lower than other companies'

GE also wanted to increase mine lah, some more RM50 which is about 20% hike from current premium. I did not authorize that increase though, since agent didn't inform any consequence big enough for me to be too concerned with. I'll see what really happens further down the road

Generally all ILP medical plan are not guaranteed premium.

Medical repricing happened to all companies for pass 2-3 years.

% increase depending how your plan been designed and what fund chosen.

High sum assured, more riders but low sustainable design will cause higher increase in premium.

This post has been edited by tyenfei: Mar 31 2021, 06:43 PM

Haiya... top-up almost RM100 per-month.. "SAKIT KEPALA"
dunno later 10-20 years how much increase.. budget low nowadays...

Cannot do without medical cards also... unless u r willing to go to government hospitals

then when wan claim, find 100000 excuses to reject claim

Medical repricing have nothing to do with other riders' charges which are almost always very stable. Whatever increase in premium for sustainability is due to increase in medical plan's charges.

edit : But thinking back your statement is correct if during the design of the policy/package stage, not much buffer is budgeted with the premium. Even if the premium increase is due to medical riders' charges increase, the overall plan is affected if the premium is the minimum possible for all the riders. A bit complicated but I get what you mean now, sorry.

This post has been edited by AbbyCom: Mar 31 2021, 07:21 PM

It's normal practice.

This reprising is to maintain your policy sustainability otherwise it'll lapse earlier than the original plan.

Same, my GE also increased by RM40

pay yearly instead of monthly

My wife works as a government officer so free from government hospital bills but I get a medical card for more protection.

got reply from agent

WTH increase for saving. 5% increase medical only

This post has been edited by blackslayer: Mar 31 2021, 10:24 PM

Technically you increased your contribution into that account so that the amount can generate interest to pay the increased cost of insurance as time progresses and in the end, it'll slowly deduct until it reaches RM0. 😊

Me too, medical card ILP increased from 160,176 and now 218. All in 6 years. I wonder how high it will go.

Technically still young, early 30s

Need to check how far it will sustain before top up.

sometime their calculation very good one until 99 years old.
most people would have gone by that age.

so if it can still sustain to about 80 years old, I wont bother to top up.

at 80 years old, I think it is not easy to claim anymore.

This post has been edited by Newsray: Apr 1 2021, 11:15 AM

Covid under control, offer Covid plan,
Covid case shoot up, say its pandemic, not covered,
Vaccine reached, offer back Covid plan,
Nobody buy, raise premium to make it through,
When wana claim, say non disclosure......

Pundek...kena game

diorang dah buat bende 7 tahun lepas
prudential akan hantar surat inform kenaikan.
lepas tu kena gi bank isi form balik utk potong
bayaran baru.

aku terus cancel. 5 tahun premium habis.

like that ambil RM 1 million can ?