Pru Multiple Crisis Cover
Prudential launched a unique policy just a few days ago, called PRU Multiple Crisis Cover. This policy that allows multiple critical illness claims in a lifetime. The purpose is to provide sufficient protection in the event of critical illness, especially if another illness happens. Not far fetched with people living longer and advances in medical treatment.
In a nutshell, a person is entitled to make up to 3 critical illnesses claims (including 2 cancer claims) throughout the policy term.
The 36 critical illnesses are divided into 6 groups based on the respective organ functions and the likelihood of an illness being related or caused by another illness. Each claim has to be from a different illness group.
There are waiting periods between claims. Between 1 illnesses claim and the next – 1 year waiting period from diagnosis of each illness. Between cancer claims – 5 years waiting period from the date the doctor deemed the person to be in remission from the 1st cancer. Other terms and conditions apply. (Download a brochure here)
The policy is a term policy with a minimum term of 10 years and maximum up to age 85. Premium is payable throughout the policy term. You can buy a minimum cover of RM10,000 up to a maximum of RM800,000 (adult and RM330,000 (juvenile plan).
You can contact me here to find out more how this plan fits into your risk management needs.