PRUbest Start AND PRUearly Start (PRU mychild)

What is the difference between PRUbest start and PRUearly start?

PRUearly start is basic cover for both mother and child during the pregnancy and early infancy period while PRUbest start gives a wider coverage including pregnancy complications.

How does PRUbest start and PRUearly start work?

These benefits cover both the mother and the child even before he/she is born during the crucial pregnancy and ceases when the child is 2 year old. During the pregnancy period up to 30 days from birth of child, the pregnant mother is covered under Pregnancy Care Benefit:

Note: Only 3 types of pregnancy complications are covered in PRUbest start:

(1) Abruptio Placentae (premature separation of the placenta from the womb)

(2) Eclampsia (seizure activity and/or unexplained coma during/after pregnancy)

(3) Amniotic fluid embolism (amniotic fluid entering into mother’s blood circulation)

From the moment the child is born, he/she is immediately covered under Child Care Benefit up to age 2 year old:

Congenital conditions covered under:

PRUearly start

• Anal atresia (absence of the anus opening)
• Congenital Cataract (clouding of the eyes)
• Congenital Deafness (loss of hearing)

PRUbest start

• Infantile Hydrocephalus (head enlargement due to excessive fluid in the brain)
• Anal atresia (absence of the anus opening)
• Congenital Diaphragmatic Hernia (opening of the diaphragm that cause the organs in the abdomen to go up into the chest cavity)
• Atrial Septal Defect (abnormal opening between the heart’s upper left and right chambers. A form of hole in the heart conditions)
• Tetralogy of Fallot (heart conditions with 4 major defects that causes the baby to turn blue due to lack of oxygen)
• Transposition of Great Vessels (switch of position between the heart’s aorta and pulmonary artery. Aorta is rich in oxygen while pulmonary artery is poor in oxygen)
• Truncus Arteriosus (merging of the heart’s aorta and pulmonary artery)
• Ventricular Septal Defect (abnormal opening of the wall between the heart’s left and right lower chamber. A type of hole in the heart conditions)
• Congenital Cataract (clouding of the eyes)
• Congenital Deafness (loss of hearing)

Who is eligible to apply for PRUbest start and PRUearly start?

Any woman age between 18-45 next birthday that is within week 18-35 of her pregnancy. For woman age 18-45 next birthday but ABOVE 35 weeks of pregnancy, they can still secure a policy for their unborn child but PRUearly start and PRUbest start will not be applicable. If death of foetus or death of child occurs within the 30 from birth of child, the higher of total premiums paid or value of units will be paid. However, no coverage will be provided on the mother.

Why is the Congenital Conditions separated into 2 different groups?

PRUbest start provides a more comprehensive protection for the child and this is not only evidenced by the amount of benefit payable but the covered congenital conditions.

What happens when it is a twin pregnancy?

If twin is detected, applicant will be required to purchase to TWO identical policies with same coverage. This is to avoid anti-selection against Company in the event either one of the child is born unhealthy or with complications.

What is the waiting period for PRUbest start and PRUearly start?

These benefits start protecting both the pregnant mother and the growing foetus immediately once the cover commenced after underwriting and premium is paid since there is no waiting period applicable for these 2 benefits.

Can we switch between the 2 benefits or make any changes to the other benefits attached to the policy at a later stage?

Since pregnancy can be rather unpredictable, no switching between PRUbest start and PRUearly start is allowed once the policy is incepted. Also, no changes can be made on the other benefits attached to the policy until the child is born. Any change of benefits after the birth of the child is subjected to underwriting.

What are the documents required during proposal stage?

In addition to the usual documents submitted i.e. proposal form, sales illustration and lifestyle profile, all pre-birth applicants will need to submit a gynaecology report (Form ID: 10201065) completed by their attending gynaecologist. This form can be downloaded from RAISe under New Business Medical Form. In addition to that, a 3D/4D scan will be required if PRUbest start is selected.

Who will bear the cost of the gynaecology report and 3D/4D scan?

The cost of gynaecology report (up to RM150) will be borne by the Company while the 3D/4D scan shall be at the expense of the applicant.

Upon expiry of PRUbest start/PRUearly start, will the premium be reduced?

Once the benefit expires at age 2, policyholder is free to utilize the premium to further increase their child’s cover or to enhance their investments.

After the child is born, what should the parent do?

The parent should update the child’s details i.e. name of the child, date of birth, gender, birth certificate/MyKid identity card number by providing to the Company of a copy of the birth certificate/MyKid identity card. Without any update on the child’s details, all types of transaction including surrender of the policy will not be allowed.

PRUmy child. Promotional Contest. Join now!

Win RM30,000 Education Plan for your children

Free personal accident coverage for newborn babies

Watch Sheild Majid promotional video. Why she choose PRUmy child?

Go to PRUmy Child offical site now! Click Here

PRUhealth. Medical Card Plan up to 100 years old

LIST OF PRUDENTIAL ASSURANCE MALAYSIA BERHAD (PAMB) PANEL HOSPITALS Update March 2010

New addition

KPJ AMPANG PUTERI SPECIALIST HOSPITAL 1, Jalan Mamanda 9, Taman Dato Ahmad Razali, 68000 Ampang, Selangor

MOUNT MIRIAM CANCER HOSPITAL 23, Jalan Bulan, Fettes Park, 11200 Tanjung Bungah, Pulau Pinang

Full list download here

PRUmy child. Protection and education for your child

Protection and education for your child. On top of that, you could also enjoy these tantalising goodies:

* 1st 200 PRUmy child policyholders receive a free voucher each
* 1st 2000 PRUbest start policyholders enjoy a free smock each.
* Newborn babies receive FREE Personal Accident coverage

Interested?

Please email me as below

PRUmychild (before birth)

1. Name of Mother
2. Date of Birth (Mother)
3. Smoking or not
4. Annual Income
5. Contact Number
6. Location
7. How many weeks of pregnancy?
8. Expected Delivery Date
9. Budget monthly (RM100 and above)

PRUmychild (after birth)

1. Name of Father/Mother
2. Date of Birth Father/Mother
3. Smoking or not
4. Annual Income
5. Contact Number
6. Location
7. Date of Birth Kids
8. Budget monthly (RM100 and above)

How to make insurance premium payment online via Maybank2u.com?

This method applicable for Prudential Assurance Malaysia Berhad and Prudential BSN Takaful Berhad

1. Login to your M2u account.

2. Select Accounts and Banking

3. Go to Bill Payment > Make one off payment

4. Choose Insurance & Takaful category

5. Select Prudential Assurance Malaysia Berhad or Prudential BSN Takaful Berhad

6.  Make the payment. Put your amount and policy number

7. Where to find Bill account no ? It is actually your policy number which can be find at your medical card.

All about PRUmy child. Health insurance start from pregnancy.

What is PRUmy child?

PRUmy child is a regular premium investment-linked insurance plan that serves to fulfill
the protection needs of you and your child, allowing you to plan ahead for their
future… today.

What are the benefits available in this plan?

For the child
Should the unfortunate happen to your child, such as death, the benefit payable is the:
• Sum assured & total value of units in the account1
Should your child suffer from Total and Permanent Disability (TPD):
(a) before the age of 16 years, the maximum sum assured is payable (subject to RM500,000 per life); or
(b) after age 16 years but prior to age 70, the maximum sum assured is payable (subject to a total of RM4 million per life)
In the event of TPD, the sum assured is payable subject to a maximum lump sum of RM1 million upon claim. The balance of the sum assured will be paid upon the first anniversary of the TPD. Upon earlier death, the balance of any sum assured will be paid immediately.

Upon maturity of plan
Value of all units in the account is payable when your child reaches the age of 100
years on their next birthday.

Upon surrender
Value of units in the account at the point of surrender.

For a pregnant mother
It’s never too early to start protection with PRUearly start or PRUbest start benefit that offers Child Care Benefit and Pregnancy Care Benefit for pregnant mothers and their unborn child.
Please refer to the PRUearly start / PRUbest start Leaflet for further details

Who can take up the PRUmy child plan?

You can take up this plan for your unborn child as early as 18 weeks into your pregnancy, or for your child who is between 1 – 18 years of age on his / her next birthday. The parent, who must be between 18 – 60 years old, owns the policy and is able to adapt it as they see fit for the benefit of the child.

How long do I need to pay premiums for?

Premium is payable throughout the whole policy term until the expiry of the policy. Upon expiry of any optional or add-on benefits, the premiums will be reduced accordingly.

How can I enhance the coverage of the PRUmy child plan?

With additional premium, you can extend the PRUmy child plan beyond the ordinary by attaching any of the following optional / add-on cover that will insure your child and loved ones against unexpected events:

Critical Illness Cover
Takes care of your child in the event they are diagnosed with critical illness, including  child-specific illnesses under the new PRUessential child1 rider that covers them up to the age of 25 years next birthday.

Payor Cover
Pays for your plan in the event of death (if applicable), TPD before age 70 or critical illness.

Accident Cover
Comprehensive coverage for injuries due to accident.

Health and Medical Cover (PRUhealth)
Takes care of major medical bills in the event that your child needs surgery or outpatient treatment and if he or she is hospitalised.

How do I start building my child’s education fund?

You can attach either PRUsaver kid or PRUedusaver where the premiums will be invested in our series of PRUlink or PRUlink education funds.

Is PRUmy child eligible for tax relief?

During childhood

As a parent, you should be entitled to education tax relief on premiums paid for PRUedusaver, PRUsaver
kid or Parent Payor. Furthermore, premiums paid for PRUfamily income, PRUfamily double income and PRUessential child may also qualify for tax relief.

During adulthood (Above age 25 at next birthday)

Your child will be entitled to life / medical tax relief upontransfer of ownership.

Can you do double claim from employer insurance and personal insurance?

Can you do double claim from employer insurance and personal insurance? The answer is NO.

If you are admitted to the hospital, and you use your working place’s insurance to cover the bills. You cant do another claim from your own personal insurance.

Senario 1

If your working place’s insurance coverage is only RM2500 yearly and your bills is RM5000. You may use working place’s insurance to pay the first amount and the balance will be cover by your own personal insurance.

If you don’t want the hassle, just use your own Prudential Medical Card, our lowest plan coverage is RM50K yearly!

Plus, you will get allowance RM300 per day by Prudential. 7 days in hospital. Rm2100 is yours! *This allowance not for paying the bills, this is your pocket money when you are sick.

Senario 2

The bills is Rm5000 and your working place’s insurance coverage is RM50K yearly. Hence, you use 100% working place’s insurance.

But you still able to get allowance from Prudential. RM300 per day, 7 x 300 = RM2100 your money. 🙂

As conclusion, the bills you cant do double claim, you need  to select which party to pay the bills or share the bills.

You still abel to get allowance from Prudential,  doesn’t matter you use your working place’s insurance or Prudential insurance.

What is PRUmychild. Health and Medical Insurance for baby from Prudential

COMPLETE PROTECTION for every stage in your child’s life… even BEFORE BIRTH

PRUmy child gives you control and flexibility to design a complete plan for your child. Offering an unparalleled choice of protection benefits ranging from health, hospitalisation, accidental and critical illness benefits, you can be confident that your child’s future is secure.

Aiming to give you peace of mind when it comes to your child’s needs, the new PRUearly start and PRUbest start benefit under this plan offers your child protection during the crucial pregnancy and infancy periods under the Pregnancy Care Benefit and Child Care Benefit.

A Simple Illustration of how PRUearly start and PRUbest start works

Congenital conditions covered under:

PRUearly start

• Anal atresia
• Congenital Cataract
• Congenital Deafness

PRUbest start

• Anal atresia
• Atrial Septal Defect
• Congenital Cataract
• Congenital Deafness
• Congenital Diaphragmatic Hernia
• Infantile Hydrocephalus
• Tetralogy of Fallot
• Transposition of Great Vessels
• Truncus Arteriosus
• Ventricular Septal Defect

You can further secure your child’s wellbeing with the new PRUessential child that offers
coverage against child specific illnesses such as

• Severe asthma
• Leukaemia
• Insulin-dependent Diabetes Mellitus
• Rheumatic fever with valvular impairment
• Kawasaki Disease with heart complications
• Severe juvenile rheumatoid arthritis
• Glomerulonephritis with Nephrotic Syndrome
• Severe epilepsy
• Intellectual Impairment due to illnesses or accident

Please contact me for brochure

Britain's Prudential to buy AIA for $35.5 billion

Prudential taps Asia sovereign funds over AIA deal

British insurer Prudential is tapping sovereign wealth funds in China and Singapore to help finance its 35.5 billion dollar buyout of US insurance giant AIG’s Asian arm, a report said Tuesday.

The Financial Times quoted unidentified sources as saying that Prudential and its advisers were in talks with the sovereign wealth funds to support a planned 20 billion-dollar share offer for AIA.

It said the Singaporean and Chinese sovereign wealth funds had not made a final decision but their response was positive.

Singapore’s Temasek Holdings and China Investment Corp (CIC), among the region’s major sovereign wealth funds, would not comment on whether they had been approached by the British insurer.

“It is inappropriate for us to comment on market speculation,” a spokeswoman for Temasek Holdings said in a statement to AFP.

A CIC spokeswoman said the fund has seen the newspaper report but added it was company policy not to comment on rumours.

Asked about its market strategy, the CIC spokeswoman said: “As an investment institution, we make financial portfolio investment and seek medium- to long-term, risk-adjusted returns at a reasonable level. These have been the principles we always follow.”

Prudential on Monday agreed to buy AIA for 35.5 billion US dollars in the insurance sector’s biggest ever takeover.

The acquisition of AIA will transform Prudential into the world’s top non-Chinese insurer by market capitalisation, ahead of major competitors Allianz and AXA.

Under the acquisition terms, the British firm will pay AIG 25 billion US dollars in cash and the remaining 10.5 billion US dollars in new Prudential shares and other securities.

The Financial Times said Prudential is planning a rights issue of 20 billion US dollars, giving existing shareholders in the British insurer the right to buy the shares first.

Should the shareholders decide not to take up the offer, the sovereign wealth funds will then invest in the offering, it said.

Prudential’s group chief executive Tidjane Thiam said that Asia is the “most attractive opportunity in our industry today”, partly because of the region’s strong savings habits.

“Asia is the engine of the group’s future growth, particularly the fast growing economies in Southeast Asia,” he said.

“Asia is complex, dynamic and exciting, and its economies differ significantly, with varying levels of economic development, from the OECD members, Japan and Korea, to the fast growing markets of Southeast Asia, such as Indonesia and Malaysia.”

Sales in Asia already make up half of new contracts for Prudential across a number of countries including China, India, Indonesia, Malaysia and Thailand. The company also has a strong presence in Britain and the United States.
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