My prudential insurance I am already paying more each mth so that can sustain longer

Mana tau, after 2 years suddenly say Wan to increase me again say not able to sustain

Har? What! Then the extra rm100 I pay per mth is for what. I just sign the normal pruvalue med. Not even the million med

Anybody else got similar issue

This post has been edited by @Adele: Dec 26 2023, 04:37 PM

Izit ilp? Investment link?

Mine from RM100/mth increased until now RM180/mth
Increase abt 80% haiz.
annual limit 50k jer and never claim before.

For this rate RM200+-, most of the company are coverage with 1million annual limit

Better cancel and approach Etiqa online insurance.
Crazy blood sucker.

Ringgit goes down against USD so imported medical supplies more expensive so premium increases. Meanwhile there are people saying forex not important because Malaysians will not be affected.😆

need to approach your insurance agent to get it updated

or ..just k bye if really cannot accept new proposal

it appears that there is another round of premium increase this year lol

WTF

unker using GE... also increase leh.. so how?

Can confirm, mine increased from 130 to 160 recently.

When you mention all rate increase for medical card, you mean you buy the monthly and rate and not the fix 20/30 year rate right? The monthly rate is cheap. The fix 30 year rate coverage is expensive.

Medical card plan is easy becoz there is an annual premium fix rate...

For life medical plan, they can tell u sustainability until 70+ then they can suka suka increase ur premium by next few years citing brang naik..u dont pay u loose ur proection...

When signed young, "hey, buy young cheaper premium and by 55 projection u no need pay premium anymore and protection will run by itself.."

The by 40 your premium naik 80% citing..., by 45 naik another 80%, by 50 u already half dead, naik 80% again citing....lolx

can boicot?

can. you have plenty of options

1) Government hospital
2) pay the hospital yourself when you masuk private hospital
3) choose not to receive any form of treatment
4) rely on company provided insurance for as long as you can

Next time prudential increase their premium I will switch to great Eastern

Same shit. GE increase mine 3 times since 4-5 years ago

Really? Then what company never increase premium yet?

My GE ILP bought in Y2019 at rm300 per month. This is 3rd time increase. Now rm400 per month

I guess it depends on your policy. Example, if you buy it at 20 and your cost of insurance is 200 a month at that time and you are paying 250, then for sure it will be unsustainable as your cost of insurance goes up as you grow older. The extra 50 you're paying will be invested to cover the future costs.

If let's say you are paying 400, then the extra 200 invested every month may be sufficient to cover.

I think everyone needs to understand this.

If you're paying little for high coverage, then you need to prepare for increase in premium or losing the coverage as you grow older.

Either invest the difference on your own or pay more and let them invest for you.

Thats the problem with ILP..
When selling time, projection is very good. Fund will perform and cover inflation...

Then when reality come, fund not only cannot cover inflation , but fund value deflation because invested in scam stock