Aviva mywholelifeplan 3 VS Prudential pruactive life?

Hi anon,

You'll probably want to look at the following factors, which will trigger a payout and are probably the key differentiating factors between these plans (assuming that cost difference is acceptable to you). Note that I do not distrbute Prudential products and so am basing my comments on what I can get publicly.

• Covered CI: Aviva covers 131 conditions of CI from early to late. I don't have the product summary for Prudential's latest iteration of PAL so unable to comment.

• Special Benefit: Aviva has 16 covered special conditions (I'm excluding the juvenile ones which won't apply to you), which don't affect the basic sum assured. PAL will also has such special condition coverage but I don't know the number of covered conditions. The previous iteration of PAL had 4 covered special conditions vs 13 for Aviva. Will update if I get some information.

• Benign Tumours: For Aviva, upon a complete surgical excision of a Benign Tumour (suspected malignancy) requiring surgical excision from any of the 22 specified organs covered or upon diagnosis of a Borderline Malignant Tumour, there will also be a payout, which does not affect basic sum assured also. PAL also has this benefit but I do not know the number of covered organs.

• ICU: Aviva has an ICU benefit, which pays out if you go through at least 4 days of ICU stay in a single hospital admission for "Necessary Medically Treatment". Prudential's requirement (at least according to the publicly available information) is that you undergo surgery of any of the vital organs (heart, lung, brain, kidney, liver) as a result of illness or accident and as a result of the surgery, you are admitted to ICU for 3 consecutive days. Note the bold text which actually mean very different things. Aviva's payout is 20% of the basic sum assured of the rider (capped at $25K and does not affect the sum assured of the rider), whereas Prudential's payout accelerates the rider's payout to you.

• Payout Structure: Lastly, Aviva pays out the cash value on top of the multiplier in the event of a claim. I don't think PAL does that, even in the latest version (they weren't doing so prior to 26th August). This does mean that any claim before the multiplier ends will result in a higher payout.

Hope this helps you understand the plans better.