This post has been edited by eimira: Mar 1 2009, 02:55 AM
medical / critical illness insurance enquiry
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 Mar 1 2009, 02:50 AM
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#1
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Junior Member
14 posts Joined: Feb 2007 From: Kelana Jaya   
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spoken from the heart....
This post has been edited by eimira: Mar 1 2009, 02:55 AM |
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Mar 18 2009, 04:13 AM
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#2
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Junior Member
14 posts Joined: Feb 2007 From: Kelana Jaya
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QUOTE(xuzen @ Mar 5 2009, 05:34 PM) Just to update you people: i believe im more kiasu than u are!I bought my CI from my regular agent (AIA): premium RM 537.00 p.a. for SA RM 50K. I also increased my med card to a life time limit of RM 500K, premium abt RM 800.00 p.a. Call me kiasu for taking such high coverage, but I know that illness is a definite thing, and I want to be well taken care off during my down-time. Xuzen.  i have 2 PRU medical cards with lifetime limits totaling to almost rm1 mill (Pru and Prubsn Takaful) my wifey and son too... hehehe |
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Mar 18 2009, 11:13 AM
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#3
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Junior Member
14 posts Joined: Feb 2007 From: Kelana Jaya
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QUOTE(bbjslee @ Mar 18 2009, 08:55 AM) Why do you get 2 medical card from the same company amounting to 1Mil i/o 1 medical from the same company amounting to 1 Mil? both card room & board of rm200 per day.If not mistaken now Prudential's medical card highest limit is up to 1.5 Mil. If you take 2 different company's medical card, it is more logical. In case Insurance Company A cannot claim, then claim Insurance Company B. Anyway, what's your room&board daily limit? one with limits of rm750k and another rm225k. the reason why is easy. - i love the idea of fixed premium till age 70 and all my payments go to savings. |
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Mar 18 2009, 10:40 PM
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#4
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Junior Member
14 posts Joined: Feb 2007 From: Kelana Jaya
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QUOTE(lcl832002 @ Mar 18 2009, 12:03 PM) Are you sure your medical card has fixed premium untill you reach 70 years old? Is it a rider or a standalone? positive. it is a rider of the prulink account.This post has been edited by eimira: Mar 18 2009, 10:40 PM |
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Mar 19 2009, 01:02 AM
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#5
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Junior Member
14 posts Joined: Feb 2007 From: Kelana Jaya
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QUOTE(lcl832002 @ Mar 19 2009, 12:02 AM) From I know, the premium of any medical card is not fixed either it is bought as a standalone plan or a rider. i agree... When you attach a medical card to an Investment Linked Plan (ILP), the premium of the medical card is not fixed. Then, why you don't have to pay more when its premium increases in the future? It is because if your ILP performs well, you will get a higher cash value. So, the increase in the premium of the your medical card will be paid by your cash value. When your ILP doesn't perform well, you have to pay yourself by adding premium in the future. This is what I know about ILP from the complaints from insurance consumers... But I never say that ILP is a bad product... It is just that you have to take some risk. Nothing is guaranteed in ILP. the guaranteed part is only "if critical illness or death should occurs to me, all the future premiums are waived. Pru will pay the future premiums not only for me, but wifey and son too." - im paying rm2500/mth for the whole family. PRU pays future premiums till age 100/death for me n wifey and age 25 for my son! FREE Premiums for my family - thus my savings will increase even tho i PAY nothing. p/s- a friend of mine was diagnosed of leukemia (blood cancer) last year. He paid premiums of rm3k/mth for the whole family. All the hospitals bills are paid for (except co-insurance of max RM1000) and the BEST part, PRU is now paying RM3k/mth for his whole family. He paid nothing!!! Thank GOD, he is still alive and recovering.... WHY worry about uncertainties (ILP price fluctuations)? THE thing you should worry about is the thing that is MOST CERTAIN ---> DEATH / ILLNESSES. just my two cents. This post has been edited by eimira: Mar 19 2009, 01:15 AM |
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Mar 19 2009, 06:52 PM
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#6
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Junior Member
14 posts Joined: Feb 2007 From: Kelana Jaya
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QUOTE(bbjslee @ Mar 19 2009, 09:09 AM) What you have is actually a waiver. It is very common nowadays for most Insurance Products. from what i understand, it is not waiver. It is payor.Did you add in the waiver for your wife & son as well? - If your wife/son diagnosed with DD or TPD, is their future insurance premium waived? If you have added in as well, congratulations!!  There is slight different between waiver and payor right?  correct me if i'm wrong.waiver means the premiums are waived. policy is still inforce and savings doesnt increase. payor means premiums are waived. policy is still inforce and ins company now pays the premium into my account. Savings does increase. Yes of course, i added the payor to my policy, wifey and son. |
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Mar 21 2009, 11:10 AM
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#7
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Junior Member
14 posts Joined: Feb 2007 From: Kelana Jaya
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QUOTE(bbjslee @ Mar 19 2009, 07:09 PM) Hmm... you got it right about payor & waiver. payor means future premiums waived for individual and PRU will pay monthly whatever premiums waived to the individual account thus will lead to increased savings. Normally with payor also only means future premiums waived, doesn't mean savings increase. Is this the PruTakaful or the normal ILP? Wonder how it works, must get my hands on one of the policy to have a look. This post has been edited by eimira: Mar 21 2009, 11:12 AM |
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