I received a call from a guy yesterday morning trying to sell to me an insurance plan by Prudential called Enhanced Hospital income Plan. I actually already have a similar hospital income plan but I was willing to listen him out.
For this plan, I would have to pay a monthly subscription of RM33 for a maximum of 15 years. This monthly rate will not increase even as I get older and the good thing is that at the end of the term, I would get back 50% of the money that I have paid, which means I would be getting something like RM2970. This means that this plan is something like a savings plan as well.
Daily hospital income for this plan is RM200 and RM400 for admission to ICU. This is the same even for hospital stay overseas. Even though I have a similar plan with Ace synergy Insurance where I pay RM50.10 per month, it is difficult for me to determine which is better. Both have their advantages and shortcomings. I don’t know if I should opt for one over the other. Of course, it would be good if I could subscribe to both plans but that would be too expensive for just basic insurance. I might as well subscribe to a plan with insurance card for better benefits.