Tutorial: Group 5Prepared by: Chay Pui Yinn(0900864) Soh Wei Yen(0802727) Teo Ai Lee(0900210)

Life insurance: Great Eastern (Great Enhance Living Care)Uni Asia (Uni.CI Protector Plus)Allianz (PowerLink)

Medical insurance:Allianz (Care -Individual)OCBC (Medic - Pac)Prudential (PruHealth)

PowerLink

One regular premium investment-linked planCoverage:

Critical illness Medical and Health Regular Saving, Waiver of Premium Death or Total and Permanent Disability (TPD)

Great Enhance Living Care

Whole life and deferred whole life insurance plan

Coverage: Critical illness Death or Total and Permanent Disability (TPD)

Uni.CI Protector Plus

Whole life planCoverage:

Critical illness Death or Total and Permanent Disability (TPD) Accidental TPD Accidental Death Funeral expenses Terminal illness

Company Allianz Great Eastern Uni AsiaPremium rates • Fixed premium at

RM 1200

• 95% premium will

be allocate for

insurance premium

• Same premium rates

throughout the

premium payment.

• Plan mature at age 87

• Fixed premium for

all ages

• Participation

continued up to age

70 for death and age

65 for TPD

• Guaranteed

renewability

Others or

benefits

• A free look period

of 15 days

• Optional major

protection depend

on the insured need.

• Premium payment

in monthly,

quarterly or yearly.

• A free look period of

15 days

• Cash bonus and

Terminal bonus

• “Buy Back” option

• enhanced protection

with optional riders

• No free look period

• -funeral expenses

• -medical

examination plans

• -optional

services(Endah or

Millennium) with no

limit expired age.

Allianz Care –Individual

Hospital and Surgical Insurance surgical fees, hospital supplies & services, pre-hospital diagnosis test

Major medical insurance monthly outpatient cancer treatment emergency accidental outpatient treatment

Long-term Healthcare Home nursing care

Medic – Pac

Hospital and Surgical Insurance surgical fees pre-hospital diagnosis test operating theatre intensive care

Major medical insurance Ambulance fees In-Hospital Physician Visit emergency accidental outpatient treatments

Long-term Healthcare nursing at home daily maximum up to 60 days

Home Savings Accounts Government service tax is insured

PruHealth

Hospital and Surgical Insurance hospital daily room& board(120 days a year) pre and post-hospitalization treatment surgical in hospital related services. day surgery intensive care

Major medical insurance cancer treatment kidney dialysis emergency treatment for accidental injury

(annual limit)

Long-term Healthcare Home nursing care(180 days per lifetime)

company Allianz OCBC PrudentialPremium devision • Unisex premium rate

• Two type of annual

premium, non cashless or

cashless plan

• Unisex premium rate • Unisex premium rate

• Occupation class premium

rate

• Three types of annual

premium, expiry age 70, 80

and 100 respectively.

Premium rates • higher for first age

category and increase for

increase age category

• increase following the

increase of age category

until age 60 and lower at

age (61-65) and (66-70)

• Increase following the

increase of age categories.

Conditional

renewable

• Applicable after 2 years

of policy inception.

• Renewal up to age 70 • Guaranteed renewable

Others • Coverage up to age 70 • Coverage up to age 70 • Coverage up to age 100

• Reward policyholder with

NO Claims Bonus (NCB)

for those who do not make

claims of the year.

the insurable interest should be validThe premiums payable under the policy is the

amount that is affordable by the insured the plan serves the needs to the insured. most of the medical insurance set few plan(at

least four) with different premiums amount according to different occupation group.

a waiting period of 30 days from the commencement date of insurance for medical examination of the insured to examine whether the insured suit the term and condition of the policy.

Life insurance:Great Enhanced Living Care (Great Eastern)

the unique of “Buy Back” option when critical illness claim is made, the chance of

getting insurance is decrease. able to “Buy Back” the death benefit portion of the

policy up to the maximum of the basic sum assured payments pay by cash, GIRO, banker’s order,

cheque or credit card annually, half yearly, quarterly or monthly

cash bonus and terminal bonus depend on the operating and investments results.

Health Insurance:PruHealth (Prudential)

rewards No Claims Bonus(NCB) plan to the insured with yearly bonuses of up to RM500 when the insured do not make a claim while continue enjoy medical coverage

a regular premium medical rider that gives bonuses when the insured are healthy

covering the medical bills even up to age 100