Is it an official illustration?
medical card insurance cost is never guaranteed.

the SS i show is as ilustration only.

The REAL picture can be find at the policy fine print.

that why I ask pru agent to post it here becuase they say premium is same

So sorry Dear, didn't know you a lady

Since you're lady, better get a medical insurance that guarantee renewal until expiry age 80. Also because you're a lady, when going for insurance maybe don't allocate too much toward life insurance portion. And do check out Prulady (if Prudential still offering it).

This post has been edited by Gen-X: Oct 31 2010, 10:05 PM

I already put the tabaru' for Takaful Health TH400 in my earlier post. I put it again here:


And this is insurance charges for PHL400


To get more detail, you better go visit a Pru agent. You can get more clear picture and better explanation on your query. For you

For your info, PRUlink One is a new ILP product from Prudential. Has been in the market since 16/08/2010

There are lots of PRUlink version and Medical Card (was known as PMM), going back to Nov 98.

Starting PMM3 (01/10/2003), there is an introduction of co-insurance
Starting PMM4 (09/04/2007), can opt for new rider to extend coverage until 80 years old
Starting PMM5 (15/10/2008), Prudential medical card starting having a minimum of RM500k lifetime limit. Previously the maximum lifetime limit was RM450k
PRUhealth was introduced on 08/06/2009 with an introduction of No Claim Bonus. Can opt to cover until 100 years old. Can opt for Annual Limit Waiver (No annual limit)

Hope this clarify some of your concern.

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Added on November 1, 2010, 12:50 amPRUlady still available.

You can have most of PRUlady benefit to be attached to PRUlink One (via PRUessential lady rider)

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Added on November 1, 2010, 1:01 amThe idea is there.

But the actual medical card cost is not RM4582 (based on current charges). The cost is RM2000 when you are 53 years old (refer my posted table for PHL400). So the balance RM274 (RM 2000 - RM1726) will be deduct from your units (aka unit trust as MNet refer).

If you do not have enough units, you can top up your premium just like that without increasing any other benefit when you are 53 years old. So your annual premium got additional RM 274.

You may not have enough units if (but not limited to):
1. You are selling your units
2. Your unit's price at that time is very low compare earlier to purchase price

There are few to overcome unit price lower compare to purchase price.
1. Switch fund to bond fund. Bond fund usually will not be negative.
2. Sell the units while it high and you keep it in saving that will not reduce its value.

This post has been edited by ajau: Nov 1 2010, 01:01 AM

btw, i can't see till age 53..and how come from SS is 4k ++??

This post has been edited by [f]ireZz[kf]: Nov 1 2010, 01:24 AM

ajau: nice of you to clarify and assist here.

as for the increase in premium, I stand corrected. That's why I guess must always have minimum units to pay for the additional premium as the policy holder age.

Now to all of you thinking of getting Prudential Medical Card, I must point out a bad thing about Prudential. My wife many years ago had a broken toe and made a claim for the x-ray cost and outpatient treatment which cost less than RM200 if not mistaken. But because she made a claim years back, she was not offerred the upgrade to age 80 last year whereas I was offered. The point is for Prudential, it is tougher to upgrade your policy if you have made a claim.

In respect of the above paragraph, that is why I keep stressing that you guys when getting a med card should get one that has auto renewal up to age 80 from the very beginning. And I read somewhere before GE has med card until age 100.

This post has been edited by Gen-X: Nov 1 2010, 03:56 AM

SS show the premium based on entry age. It does not show the insurance charges.

Sorry. My bad. When I did screen shot, I missed the end of table. I put it here, but there is no table header. You need to read together with earlier screen shot

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Added on November 1, 2010, 12:06 pmYup. you are correct about having minimum units.

For your wife case, have you try to upgrade her medical card? The offer only to selected client but for others you can request for upgrade. Even myself, I do not get the offer but I do upgrade by myself and I have no problem.

Only when you had requested to upgrade your wife medical card, and get rejected and Prudential said it is rejected due to the claim less than RM200 few years ago, then your claim "it is tough to upgrade if you have made a claim" is valid.

Broken toe should not a major issue. But if you had made claim due to CI or undergo some serious surgery, you may face problem to upgrade.

Recently Prudential had made offer for its client to upgrade to PRUhealth with simplify form. You should ask your agent about this. The offer until end of this year.

This post has been edited by ajau: Nov 1 2010, 12:10 PM

MXM is a MLM scheme where it's product is the medical card that comes with extra benefits (correct me if i'm wrong) n if u wan to put ur trust into a MLM to provide u protection n medical assurance, it's ur choice.

also this comes back to mind an earlier posting....MXM is a general insurance which is yearly renewable.

wat i'm trying to say is that GI is renewable upon the discretion of the insurer, hence your insurance will become extinct if the insurer (insurance company la) chooses not to continue with ur policy's renewal.

got ILP it's already a life contract signed only if u have chose to hide certain medical facts about urself n was found later on...bye bye policy n bye bye claim.

OMG! 1 question...do u or ur family use 3-in-1 shampoo, 3-in-1 coffee/milo packs? that answer is urs to know...n that will asnwer ur rojak policy

Is medical card under GI?

But some company offer 100% renewal for medical card.

coolpajames,

right about MXM but wrong about the blanket statement on GI. not all GI policies are renewable at the discretion of the insurer. all the ones worth looking at are renewable at the discretion of the insured which makes them as good (or better) than life policies.

medical card 2 my understanding is depending on which u get it from...n again...it's a buyers beware term. check the T&C b4 buying

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Added on November 2, 2010, 1:08 amthen there must have been a shift since i left the insurance Adjusting line then. thanks for the update. s i knew it was the insurer's choice, they choose to say u can renew or not or to add loading or to add terms n conditions. on the other side for the insured (customer) v like v renew else v change company so that bit i dun bother cos it's our choice s in everything v do

This post has been edited by coolpajames: Nov 2 2010, 01:08 AM

As an insurance agent, my advice is get medical insurance from LIFE INSURANCE COMPANY, not GI or Banker or MLM or.....

There are difference in CLAUSES.

Getting from GE, PRU, ING, AIA....

Much better...

Don't believe you go study the CLAUSES

This post has been edited by JerryTeh: Nov 2 2010, 09:42 AM

not true. There are many medical cards out there which we are assured of 'guaranteed renewal'.. Study more about what the current market can offer. We have discussed about this topic many times here in this forum/thread.

teh

u sell great eastern right?

gt sell standalone medical card? MC + ILP ?

guaranteed renewal?

MNet

I know i do have that with manulife and if i can do it means most or all can as well.

u can get a standalone medical card or add on the medical card into an ILP. s agents v always say get the ilp with med card cos u get more out of it....y? cos med card u pay yearly n nothing happens GREAT! yet u r still paying. if u can afford to up ur commitment then ilp's added stuffs are good, u get just in case u pass on (die la), u can't work no more (due to disability to critical illness) n that savings (cash value/buy units)

how i started was a 'i never saw' policy from maybank where i pay (i can't remember how much) to the bank n if anything happens den i'm covered...i paid for a few months then...eh i pay pay pay den wat i get...so then i started to look for a ILP n started my ILP

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Added on November 3, 2010, 3:24 pmGen-X thanks for sharing. ppl ILP has it's uses only if u bother to learn it or ask ur agent about it.

the free coverage ppl...pls note...VERY IMPORTANT...look at the policy for No Co Ins (u pay 0) or Co Ins (u share 10% of total bill) n medical card claim is only applicable for MEDICAL EXPENSES ONLY not ur extra creamy machiatto from the cafe next door or the Times u requested or even that cab u took to the hospital.


This post has been edited by coolpajames: Nov 3 2010, 03:24 PM

Dear Insurance Agent,

Would like to ask, those medical card (stand alone, rider, ILP) from insurance company will have their own panel hospital. If admitted to non panel hospital, the medical card can be use without paying the medical expense? Or we need to pay first and then claim back later?

almeizer,

pay 1st claim back later.

pay first, and file claim later.

p/s: some lamer medical plan might not able to claim back BECAUSE of the non panel/certified hospital

JerryTeh,

just not true. provide proof to your statements and dont just post empty phrases. that's as usefull as stating rhinohorn powder cures cancer because it does. unless you substantiate the post, there is no use to it. and in fact for the majority of users a medical insurance from a GI beats medical riders. they just dont know it. there are only few cases where it makes real sense to buy a medical cover as a life rider.

You have to pay 1st, claim later.