Author Topic: Prudentxxx... increased my medical card fee. Daylight robbery.  (Read 50815 times)

Offline KLSE LOSSER

  • Baronet
  • ****
  • Posts: 2,006
  • Wat to do tis year.
Prudentxxx... increased my medical card fee. Daylight robbery.
« on: September 26, 2014, 11:05:49 AM »
Anyone?

Offline steve_lee

  • Companion of Honour
  • ***
  • Posts: 639
Re: Prudentxxx... increased my medical card fee. Daylight robbery.
« Reply #1 on: September 26, 2014, 11:07:16 AM »
Anyone?

yes... medical fee not fixed, all insurance companies are the same.....

certain age group .... fee different... fee will go higher when age get older

Offline KLSE LOSSER

  • Baronet
  • ****
  • Posts: 2,006
  • Wat to do tis year.
Re: Prudentxxx... increased my medical card fee. Daylight robbery.
« Reply #2 on: September 26, 2014, 11:12:25 AM »
They asking me to pay more even my coverage remains the same... :'(

Online Ļaughing Ģor

  • Global Moderator
  • Marquess
  • *****
  • Posts: 17,754
    • Investlah - Malaysia's Biggest Investment Forum
Re: Prudentxxx... increased my medical card fee. Daylight robbery.
« Reply #3 on: September 26, 2014, 11:17:46 AM »
They asking me to pay more even my coverage remains the same... :'(

Because you also aged?
Can someone to give me a Loan and then leave me Alone?

Online DR KIM

  • Prince
  • **********
  • Posts: 42,744
Re: Prudentxxx... increased my medical card fee. Daylight robbery.
« Reply #4 on: September 26, 2014, 11:19:28 AM »
They asking me to pay more even my coverage remains the same... :'(

baby  !

ECONOMICS  101  -  inflation ,,,,,!!  most  prices  gone  up  except  smartphone  , car..( microeconomics )..

macroeconomics.....there is  inflation . like it  or not  , baby   ;) ;) ;) ;)  

Offline StocKing88

  • Civilian
  • *
  • Posts: 7
Re: Prudentxxx... increased my medical card fee. Daylight robbery.
« Reply #5 on: September 26, 2014, 11:34:57 AM »
I think it is different with Great Eastern. If you start earlier, your premium will be fixed from the time you started. :cash: :cash:

Source : certified insurance agent  8)

Offline KLSE LOSSER

  • Baronet
  • ****
  • Posts: 2,006
  • Wat to do tis year.
Re: Prudentxxx... increased my medical card fee. Daylight robbery.
« Reply #6 on: September 26, 2014, 11:46:16 AM »
Tis card i keep more than 10yrs... claimed once only .. and amt less than 2k.

Offline U.K.

  • Earl
  • *******
  • Posts: 10,219
Re: Prudentxxx... increased my medical card fee. Daylight robbery.
« Reply #7 on: September 26, 2014, 11:50:53 AM »
How much is your premium before and after the increase?

Offline KLSE LOSSER

  • Baronet
  • ****
  • Posts: 2,006
  • Wat to do tis year.
Re: Prudentxxx... increased my medical card fee. Daylight robbery.
« Reply #8 on: September 26, 2014, 06:54:32 PM »
How much is your premium before and after the increase?
Before is rm200... After is rm208 per month

Offline xara

  • Baronet
  • ****
  • Posts: 1,250
Re: Prudentxxx... increased my medical card fee. Daylight robbery.
« Reply #9 on: September 27, 2014, 05:12:59 PM »
More than 10 years? Wah.

Say 12 years, each year you pay RM200 X 12 MONTHS

12 years => RM200 X 12 X 12 = RM28,800.00

And you only claim once for less than RM2000, SAY RM1800, SO you have paid RM27,000 for "just in case" or predict yourself will end up with sickness or accident!

So negative!

Instead of buying the insurance medical card, why not this:
RM300 x 12 = RM3600, every year buy shares to keep. Buy for 12 years, so you well have RM3600 X 12 = RM43200.

And the value could be double or triple up become RM80K to RM100K...

So why get medical card?

If you don't want sickness, then live with a healthy lifestyle. If you live in a healthy lifestyle, sickness still come, then it's fate.

If accident, then too bad, either your life is like that.

I would suggest a life policy is enough and not any other insurance plan like saving plan, investment plan....

If you have not married and you don't have young, then you don't even have to buy.

Trust your inner you and your god, do the best of your self, positive mind, ... You will be fine.

We come to this earth is not to buy insurance to predict you will have sickness, accident, or "what if... All the negative", we come to this earth is to enjoy and experience.

Think about it people. I don't like insurance. I don't have any policy.

My personal thought. No offence to anyone.

Before is rm200... After is rm208 per month

Offline Lotus48

  • Baron
  • *****
  • Posts: 3,080
  • 3rd in 2013 & 2015 Finalist-Stock King Competition
Re: Prudentxxx... increased my medical card fee. Daylight robbery.
« Reply #10 on: September 27, 2014, 05:26:47 PM »
Before is rm200... After is rm208 per month


2 reasons
 
1. inflation - cost of business up up

2. insurance co's investment return - not getting better (so insurance co dont make money, policy holders also kena :headbang: :headbang:

in life insurance, many cases, the payment period increase by few years after expiry
you are not alone

Offline KLSE LOSSER

  • Baronet
  • ****
  • Posts: 2,006
  • Wat to do tis year.
Re: Prudentxxx... increased my medical card fee. Daylight robbery.
« Reply #11 on: September 27, 2014, 11:44:51 PM »
Stupxx insurance company.. Worst than ah long... Day light robber.

Offline ikan besar

  • Duke
  • *********
  • Posts: 39,559
  • you see Lim Boxing
Re: Prudentxxx... increased my medical card fee. Daylight robbery.
« Reply #12 on: October 30, 2014, 01:47:01 PM »
Stupxx insurance company.. Worst than ah long... Day light robber.

the problem is bcos now semua olang manyak kiasu
that why insurance and doctor laughing to the bank
ppl like me & you suffer
imagine can the insurance and the doctor earn big $$$$$$$
in Uganda, somali , Syria , afganisthan , Iraq , Iran , Mongolia , North Korea , Papua New guinea,
East Timur , Peru , Bosnia , Portugal , Iceland or not
sometimes win sometimes lose
biasa lah

Offline KLSE LOSSER

  • Baronet
  • ****
  • Posts: 2,006
  • Wat to do tis year.
Re: Prudentxxx... increased my medical card fee. Daylight robbery.
« Reply #13 on: October 30, 2014, 10:21:03 PM »
the problem is bcos now semua olang manyak kiasu
that why insurance and doctor laughing to the bank
ppl like me & you suffer
imagine can the insurance and the doctor earn big $$$$$$$
in Uganda, somali , Syria , afganisthan , Iraq , Iran , Mongolia , North Korea , Papua New guinea,
East Timur , Peru , Bosnia , Portugal , Iceland or not
I don't think we dare to venture in such market..

Offline RightChoice

  • Civilian
  • *
  • Posts: 5
  • Great Eastern
Re: Prudentxxx... increased my medical card fee. Daylight robbery.
« Reply #14 on: November 24, 2014, 12:55:16 PM »
Hi there,

Most likely you've bought a standalone medical card.

Standalone medical card premium increases as you age and it has no returns 1 time off payment yearly. Benefit not so good.

Normally ppl would apply for a property medical card policy.

For more advise can Whatsapp 016 332 3290 Keith
Great Eastern Life Assurance
Keith Wong
Whatsapp or Call : 016 332 3290
Location: Kuala Lumpur

Offline roystevenung

  • Civilian
  • *
  • Posts: 27
  • Prudential Insurance Agent
    • Got questions on insurance? Visit my blog!
Re: Prudentxxx... increased my medical card fee. Daylight robbery.
« Reply #15 on: December 03, 2014, 12:00:23 AM »
The increase is not only on Prudential but also for other insurers as well.

This is because this year MMA had approve up to 14%~18% fees for the medical procedures. Since links are not allowed to be posted here, you may google for "The Star MMA medical increase"

RM8/mth is not that bad as compared to the claims & medical inflation. For example, confirmed dengue cases 10 days in the hospital can easily costs RM10K as compared to RM7K-8K 5 years back.

If you read *ANY* insurance brochure, you will see a clear wording that the insurance charges is NOT GUARANTEED.

Claiming that Great Eastern PREMIUM will not increase is just pure insurance agent sales talk as there is clear bold warning in the sales illustration that the insurance charges will increase by age.
Roy Steven Ung
Email: stevenung1971@gmail.com / Skype: roy.steven.ung
HP & Whatsapp: 016-451 5957
Prudential Assurance (M) Bhd
Prudential BSN Takaful Bhd
Penang, KL

Online ORIENT

  • Marquess
  • ********
  • Posts: 19,654
  • SKRE
Re: Prudentxxx... increased my medical card fee. Daylight robbery.
« Reply #16 on: December 03, 2014, 12:03:21 AM »
The increase is not only on Prudential but also for other insurers as well.

This is because this year MMA had approve up to 14%~18% fees for the medical procedures. Since links are not allowed to be posted here, you may google for "The Star MMA medical increase"

RM8/mth is not that bad as compared to the claims & medical inflation. For example, confirmed dengue cases 10 days in the hospital can easily costs RM10K as compared to RM7K-8K 5 years back.

If you read *ANY* insurance brochure, you will see a clear wording that the insurance charges is NOT GUARANTEED.

Claiming that Great Eastern PREMIUM will not increase is just pure insurance agent sales talk as there is clear bold warning in the sales illustration that the insurance charges will increase by age.

I never trust insurans stuff.
Namotasapakawatoarahatosamasamputasa

Offline roystevenung

  • Civilian
  • *
  • Posts: 27
  • Prudential Insurance Agent
    • Got questions on insurance? Visit my blog!
Re: Prudentxxx... increased my medical card fee. Daylight robbery.
« Reply #17 on: December 03, 2014, 12:06:31 AM »
I never trust insurans stuff.

Any particular reason or personal experience perhaps?
Roy Steven Ung
Email: stevenung1971@gmail.com / Skype: roy.steven.ung
HP & Whatsapp: 016-451 5957
Prudential Assurance (M) Bhd
Prudential BSN Takaful Bhd
Penang, KL

Offline kyosan

  • Baron
  • *****
  • Posts: 4,821
  • 2.5 % zakat investment - to-do checklist
Re: Prudentxxx... increased my medical card fee. Daylight robbery.
« Reply #18 on: December 03, 2014, 07:17:43 AM »
Any particular reason or personal experience perhaps?

He is renowned gambler... :giggle: :P :handshake:

Online ORIENT

  • Marquess
  • ********
  • Posts: 19,654
  • SKRE
Re: Prudentxxx... increased my medical card fee. Daylight robbery.
« Reply #19 on: December 03, 2014, 09:00:42 PM »
Any particular reason or personal experience perhaps?

Long story...
Namotasapakawatoarahatosamasamputasa

Offline roystevenung

  • Civilian
  • *
  • Posts: 27
  • Prudential Insurance Agent
    • Got questions on insurance? Visit my blog!
Roy Steven Ung
Email: stevenung1971@gmail.com / Skype: roy.steven.ung
HP & Whatsapp: 016-451 5957
Prudential Assurance (M) Bhd
Prudential BSN Takaful Bhd
Penang, KL

Offline rollsroyce89

  • Civilian
  • *
  • Posts: 15
Re: Prudentxxx... increased my medical card fee. Daylight robbery.
« Reply #21 on: April 20, 2016, 11:09:35 PM »
They asking me to pay more even my coverage remains the same... :'(

There's a chart that shows whichever your age group is, the premium will be according to your current age. So, it will be of no surprise when it increase. As you reach over 50-60 years old, the premium is usually RM3000-6000 per year depending on your coverage needs.