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

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 plan Coverage:  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 plan Coverage:  Critical illness  Death or Total and Permanent Disability (TPD)  Accidental TPD  Accidental Death  Funeral expenses  Terminal illness

CompanyAllianzGreat EasternUni Asia Premium rates Fixed premium at RM % 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)

companyAllianzOCBCPrudential Premium devision Unisex premium rate Two type of annual premium, non cashless or cashless plan 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 100 Reward policyholder with NO Claims Bonus (NCB) for those who do not make claims of the year.

the insurable interest should be valid The 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