PRESENT TO YOU BY:

CHOO KAH HUI

HENG CHIAT HOU

WONG KAH KEI, JOYCE

COMPARATIVE ANALYSIS OF INSURANCE PRODUCTS

Prudential, Great Eastern and AIA.

METHODOLOGY

Brochures. Customer service. Insurance company web site

INTRODUCTION

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

Medical Insurance

Disability Income

Hospital and Surgical

Long-term

Major Medical

Critical Illness

LIFE INSURANCE

Uses, Functions and Purposes

PRUDENTIAL :PRULINK

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

stages of life. Give insured comprehensive.

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.

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.

DIFFERENTIATIONS OF PRODUCT

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)

MEDICAL INSURANCE

Uses, Functions and Purposes

USES, FUNCTIONS AND PURPOSES

Relieve insured of major hospital bills incurred.

DIFFERENTIATIONS OF PRODUCT

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

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

Zero co-insurance for claims within specific amount.

PRUhealth

Great MediCare2

Excelcare Plus & Medicover Plus

Similarities – 24 hour world wide coverage

UNDERWRITING CONSIDERATION

Gender

Occupation

Health

Smoker

High Earning Group

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.