p resent t o y ou b y : c hoo k ah h ui h eng c hiat h ou w ong k ah k ei, j oyce

21
PRESENT TO YOU BY: CHOO KAH HUI HENG CHIAT HOU WONG KAH KEI, JOYCE

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Page 1: P RESENT T O Y OU B Y : C HOO K AH H UI H ENG C HIAT H OU W ONG K AH K EI, J OYCE

PRESENT TO YOU BY:

CHOO KAH HUI

HENG CHIAT HOU

WONG KAH KEI, JOYCE

Page 2: P RESENT T O Y OU B Y : C HOO K AH H UI H ENG C HIAT H OU W ONG K AH K EI, J OYCE

COMPARATIVE ANALYSIS OF INSURANCE PRODUCTS

Prudential, Great Eastern and AIA.

Page 3: P RESENT T O Y OU B Y : C HOO K AH H UI H ENG C HIAT H OU W ONG K AH K EI, J OYCE

METHODOLOGY

Brochures. Customer service. Insurance company web site

Page 4: P RESENT T O Y OU B Y : C HOO K AH H UI H ENG C HIAT H OU W ONG K AH K EI, J OYCE

INTRODUCTION

Page 5: P RESENT T O Y OU B Y : C HOO K AH H UI H ENG C HIAT H OU W ONG K AH K EI, J OYCE

e.g. whole-life, endowment and investment-linked

policies.

e.g. Term or temporary insurance, disability income and dread disease policies

Life Insurance

Protection

Protection and investment

Page 6: P RESENT T O Y OU B Y : C HOO K AH H UI H ENG C HIAT H OU W ONG K AH K EI, J OYCE

Medical Insurance

Disability Income

Hospital and Surgical

Long-term

Major Medical

Critical Illness

Page 7: P RESENT T O Y OU B Y : C HOO K AH H UI H ENG C HIAT H OU W ONG K AH K EI, J OYCE

LIFE INSURANCE

Uses, Functions and Purposes

Page 8: P RESENT T O Y OU B Y : C HOO K AH H UI H ENG C HIAT H OU W ONG K AH K EI, J OYCE

PRUDENTIAL :PRULINK

Investment-link policy. Gives insured control and flexibility in all

stages of life. Give insured comprehensive.

Page 9: P RESENT T O Y OU B Y : C HOO K AH H UI H ENG C HIAT H OU W ONG K AH K EI, J OYCE

GREAT EASTERN :GREAT ENHANCED LIVING CARE

Protection and investment services. Coverage against 36 of the most

common critical illnesses, total and permanent disability, and death.

Page 10: P RESENT T O Y OU B Y : C HOO K AH H UI H ENG C HIAT H OU W ONG K AH K EI, J OYCE

AIA :INFLATION PROTECTION PLUS (IPP)

Endowment policy. Protection such as Death and Total and

Permanent disability. Give insured in term of cash dividends

and surrender/ terminal dividends.

Page 11: P RESENT T O Y OU B Y : C HOO K AH H UI H ENG C HIAT H OU W ONG K AH K EI, J OYCE

DIFFERENTIATIONS OF PRODUCT

Page 12: P RESENT T O Y OU B Y : C HOO K AH H UI H ENG C HIAT H OU W ONG K AH K EI, J OYCE

LIFE INSURANCE POLICY Increase in sum assured.

Great Enhanced Living Care IPP PRUlink

Provide extra protection with additional sum assured Great Enhanced Living Care IPP PRUlink

Standard premium Great Enhanced Living Care IPP (vary with insured’s age) PRUlink

Allocated partly into investment Great Enhanced Living Care IPP PRUlink ( free switching fee)

Page 13: P RESENT T O Y OU B Y : C HOO K AH H UI H ENG C HIAT H OU W ONG K AH K EI, J OYCE

MEDICAL INSURANCE

Uses, Functions and Purposes

Page 14: P RESENT T O Y OU B Y : C HOO K AH H UI H ENG C HIAT H OU W ONG K AH K EI, J OYCE

USES, FUNCTIONS AND PURPOSES

Relieve insured of major hospital bills incurred.

Page 15: P RESENT T O Y OU B Y : C HOO K AH H UI H ENG C HIAT H OU W ONG K AH K EI, J OYCE

DIFFERENTIATIONS OF PRODUCT

Page 16: P RESENT T O Y OU B Y : C HOO K AH H UI H ENG C HIAT H OU W ONG K AH K EI, J OYCE

MEDICAL INSURANCE POLICY Life time limit.

PRUhealth- 10x annual limit.

Excelcare Plus & Medicover Plus- no life limit.

Great MediCare2- 4x annual limit. Provides executive second opinion service from

medical specialist for added assurance.

Great MediCare2

PRUhealth

Excelcare Plus & Medicover Plus Medical and tax relief

Great MediCare2

PRUhealth

Excelcare Plus & Medicover Plus

Page 17: P RESENT T O Y OU B Y : C HOO K AH H UI H ENG C HIAT H OU W ONG K AH K EI, J OYCE

No claim bonus, choice of plans to suit consumers’ budget and an option to waive the annual claim limits.

PRUhealth

Great MediCare2

Excelcare Plus & Medicover Plus

Coverage age.

PRUhealth- up to100

Excelcare Plus & Medicover Plus- up to100

Great MediCare2- up to 80

Benefits when deal with family

PRUhealth

Great MediCare2

Excelcare Plus & Medicover Plus

Page 18: P RESENT T O Y OU B Y : C HOO K AH H UI H ENG C HIAT H OU W ONG K AH K EI, J OYCE

Zero co-insurance for claims within specific amount.

PRUhealth

Great MediCare2

Excelcare Plus & Medicover Plus

Similarities – 24 hour world wide coverage

Page 19: P RESENT T O Y OU B Y : C HOO K AH H UI H ENG C HIAT H OU W ONG K AH K EI, J OYCE

UNDERWRITING CONSIDERATION

Gender

Occupation

Health

Smoker

High Earning Group

Page 20: P RESENT T O Y OU B Y : C HOO K AH H UI H ENG C HIAT H OU W ONG K AH K EI, J OYCE

HIGHLIGHTS OF MOST INTERESTING OR EXCITING PRODUCTS : PRULINK

Giving no claim bonus. Choice of your plans to suit your budget. Coverage up to age 100. Waive the annual claims limit.

Page 21: P RESENT T O Y OU B Y : C HOO K AH H UI H ENG C HIAT H OU W ONG K AH K EI, J OYCE