PRUMy Critical Care

Critical illness includes illness that can be life-threatening or take a longer time to recover after diagnosis and can put one in a financial crisis

Our critical illness plans cover up to 190 conditions typically ranging from cancer, heart attack, stroke and coronary bypass. It provides a lump sum payment once diagnosed with a serious illness including the terminal ones which may have a lasting impact on you and your family.

A survival period is the time duration that one must be alive after the diagnosis of a critical disease. Being an important part of a critical illness policy, the survival period varies between 7 days to 30 days depending on your critical illness plan.

Ideally, a critical illness plan must provide sufficient payout for your living expenses which is equivalent as 10x of your total annual income. This is to ensure that everything is taken care of while you focus on your recovery.

When choosing a critical illness plan, you must look out for the following:

• Types of illnesses covered

• Your family’s medical history

• Your financial standing

• Types of plans available

It is important to go for a plan that is flexible, affordable and provides maximum coverage for your future needs.

Some of the common critical illnesses include cancer (lung & nasopharyngeal in males and cervical & breast in females), heart attack and stroke.

Critical illness insurance is important as it can:

• Pay for treatments that are not covered by medical plan.

• Help with daily expenses if you’re critically ill and thus, allow you to focus on getting well.

• Help with transportation expenses, including journeys to treatment centers, wheelchairs, and even installing lifts in your home.

Yes, it is. Many feel that having a life insurance policy will be enough should they experience death. However, critical illnesses can be just as stressful financially for a family. Critical illness payouts will help take care of your finances while you recover. This is extremely important if you unable to work due to illness, hence loss of income.

This will depend on your critical illness insurance plan.

Yes, you can have more than one critical illness policy, as according to your needs and budget.

One can have two or more critical illness insurance policies from Prudential Malaysia or any other insurance provider. However, as with any insurance policy, reviewing the policy terms and conditions carefully is essential to ensure that the coverage, benefits, and exclusions are appropriate for your needs.

Also consider your ability to pay the premiums for all the policies and ensure that the total sum assured is adequate for your needs. Multiple critical illness insurance policies may provide additional coverage and peace of mind, but the premiums must be reasonable and affordable.

Yes, you can buy a standalone critical illness cover or attach as a rider to your investment-linked plan.

Life insurance and critical illness insurance are both equally important. This is because they offer different types of protection. Critical illness policies cover you and help with your finances in the case the insured contacts a critical illness. It does not cover death benefits. Life insurance provides financially for beneficiaries if the insured dies. 

Basic critical illness insurance does not usually cover accidents, although you might be able to claim for a critical illness caused by an accident. For example, traumatic head injuries or total blindness. However, to be safe, you can purchase or add on a plan that includes cover for accidents.

The cost of the insurance policy will depend on factors such as the insured person’s age, medical history, level of coverage chosen, and policy term. Check with our Wealth Planners for affordable critical illness insurance plans that suit your needs.

The policy exclusion for every individual differs depending on your specific policy and coverage. However, conditions and situations such as pre-existing medical conditions, self-inflicted injuries, and non-disclosure of information may result in exclusion.

In Malaysia, premiums paid for life insurance and medical insurance policies such as PRUMy Critical Care Plan are eligible for tax relief up to a certain limit.

However, the exact tax relief amount and eligibility criteria may vary depending on individual tax status. Therefore, we recommend consulting a tax professional or referring to the official website of the Malaysian Inland Revenue Board (LHDN) for detailed information on the tax deductibility of insurance plans in Malaysia.

A waiting period is a specified length of time during which the policyholder is not covered for certain benefits or conditions. The waiting periods for various illnesses may vary. For more detailed information, please refer to your policy documentation.

The assured sum will be paid to the policyholder’s designated beneficiary or beneficiaries. The sum assured is the amount of money the policyholder is insured for under the critical health care insurance plan.

You can cancel your plan anytime by providing written notice to Prudential Malaysia. However, if you cancel your plan before the end of the policy term, you may not receive any refund of the premiums paid.

Additionally, suppose you cancel your plan and later want to purchase critical illness insurance again. In that case, you may be subject to underwriting and could be charged a higher premium due to changes in your health status.

Prudential’s medical illness insurance policies can be customised to fit your individual needs and budget. Speak to us for more information on medical insurance premiums.