Insurance for Infants

I missed the date to apply for preborn as I am pregnant over Week 35 now. So I am looking and searching for insurance for my newborn.

 

My husband has company insurance which covers RM35,000 (Overall per disability limit for Family Package) so I guess I can find for a medical insurance which has deductible to reduce my premium.

 

Prudential agent quoted me:

Monthly premium: RM90

Life sum assured: RM50,000

Accident death: RM20,000

Accident reimbursement: RM3,000

Essential Child Plus: RM50,000

Lifetime limit: RM1,000,000

Deductible: RM20,000

 

 

Allianz agent quoted me:

130/mth

Life 5k

Med 150

Annual limit 850k

Lifetime unlimited

Deductible 10k

CI (late stage) 100k

Waiver

 

Looks like Prudential is give a better value.

However, I think 

The problem that makes me hard to choose is the Critical Illness.

Prudential Critical Illness

Essential Child Plus from Prudential covers

20%

(1) severe asthma,

(2) severe epilepsy, or

(3) glomerulonephritis with nephrotic syndrome

100%

(4) Leukeamia,

(5) Insulin Dependent Diabetes Melitus,

(6) Rheumatic Fever with Valvular impairment

(7) Kawasaki disease with heart complications

(8) Severe juvenile Rheumatiod Arthritis

(9) Intellectual impairment due to illness or accident

(10) Severe Haemophilia A and Hemophilia B 

 

Allianz Critical Illness

 I wish to purchase Child Guard from Allianz, but my agent say that insurance only for pre-born. 

I think Allianz quote me for CI is HealthCover Plus which has additional 7 covers for juvenile but the catch is that it has Juvenile Lien. 

So based on the Critical Illness analysis, I think I would just go for Prudential one as Juvenile Lien makes me feel weird. 

So in conclusion, I would pick Prudential Insurance for my new born