Innovative insurance plan

With healthcare costs rising at an alarming rate, it has now become a necessity to protect your health and finances, and what better way than with a medical insurance that offers more value for what you pay.
Prudential Assurance Malaysia Berhad (PAMB) has come up with a new medical insurance plan that offers even more value for money, called the PRUvalue med. This new and innovative medical insurance plan covers more than the customer’s hospitalisation and outpatient treatment expenses. It provides better protection, enhances savings and offers more benefits, considered an all-in-one plan.
The PRUvalue med is created with several impressive “value for money” features, one of which is the Med Saver. “When a customer chooses Med Saver, he will enjoy a reduction in his insurance premium. Should he or she get hospitalised, he or she will only need to bear a fixed RM300 of the eligible claim amount. The premium savings which he or she has enjoyed over the years could well exceed that, which end up giving him or her greater value from his medical plan,” explained PAMB CMO Tan Kay How.
PRUvalue med also offers Med Value Point (MVP), a first of its kind feature in the market, offering unparalleled access to medical care. With this, customers can choose an MVP of RM1 million, RM1.5 million or RM2 million, of which PAMB will take up the claims on eligible benefits according to the chosen MVP. The difference is, unlike other medical plans in the market which automatically terminates when the customer reaches the lifetime claims limit, PRUvalue med continues to cover the customer even if he exceeds his chosen MVP - by forking out 80% of the total eligible benefit cost from that point onwards.
“With medical inflation averaging at 10%-12% every year, what seems to be enough today in one’s medical insurance plan may become insufficient in the future. PRUvalue med and its Med Value Point are created to address such concerns and help Malaysians safeguard themselves against rising healthcare costs, so that they can be assured of a lifelong protection and have total peace of mind. The PRUvalue med is also built with a non-cancellable feature which means that coverage is guaranteed for the entire duration of the plan. This is crucial for the customers because they will want their medical plan to be there for them when they need it,” added Tan.
Additionally, PRUvalue med’s coverage extends to customers undergoing outpatient day care procedures lasting a few hours, as well as 11 maternity complications for expectant mothers.
PRUvalue med is available to anyone aged between 14 days and 70-years-old, covering customers up to their 100th birthday. Pre-birth coverage is also available from 18 weeks onwards, with a waiting period of 30 days from the date of birth. Do note that the plan must be attached to Prudential’s investment-linked insurance policies - PRUlink one, PRUlife ready or PRUmy child. Log on to www.prudential.com.my for more information.