this is a bundled product consisting of a H&S plan from pacific and a PA, death/TPD for all reasons and CI insurance from mcis zurich. both insurances are reputable players. seems pathlab is offering a group policy that combines both. i will add this to my list and let you guys know about my opinion. the charges are monthly so have to upscale it. from a quick glance the medical insurnance seems pretty expensive but the added package from MCIS is interesting due to the CI/death TPD for all reasons cover. i wonder if i can get that individually from MCIS

mfitri77,

quite true. i would also prefer to just get the term benefits from MCIS directly. those benefits are pretty good - the health insurance part isnt.

customary and reasonable charges is standard for pretty much all insurances in malaysia that offer H&S plans.

i would assume in case of claim you will be best advised to talk to the insurance company itself since MXM is basically reselling only. i doubt they are any kind of insurance company themself and didnt find any evidence they are either.

mfitri77,

i'd be interested to hear what PIAM has to say. but i fear the setup is pretty legal. the only problem would be the usage of the term MXM Insurance. if they are just broking a group contract (if you look at the application form this sems to be the case) then the whole thing is probably just a bit grey because MXM might give unexperienced people the impression that they are in fact an insurance company of their own.

but they dont claim they are. company is called MXM international (http://www.mxm.com.my/main.html), the package is called "HEALTHCARE PROTECTION PROGRAM" the whole things is packaged into a "membership" (with 30 RM discount programm, very MLM) and the premium is pretty high. pathlab is the agent for the insurance companies and MXM seems a club of some sort run by pathlab.

so if you ask me - i doubt it's illegal but i also doubt its beneficial to the members. the medical premium seems high - not too sure on the term life package. i assume a similar or better cover can be obtained elsewhere, probably even directly from the respective insurance companies.

i think your hunch about the overly inflated cost is pretty spot on. the huge discount they offer speaks for itself. i never noticed its monthly before you pointed out the discount sheme.

mfitri77,

i really appreciate your comments. good to have someone trying to sense into the interested parties.

the fact that they are willing to give the introducer RM 30 every month for every introduced member clearly shows that the product is overpriced. not only do you pay insurance profits, agent comission and MXM profits but apparently there is so much profit in this that they can offer 30 RM off too without hurting their buttomline.

if anyone likes the package, go call MCIS and pacific for the pricing if you insure directly. yes MXM got a group cover which sometimes can be cheaper but the obvious overhead and the apparently quite high prices for the end-product seem to show that those savings are not passed to the group but are beeing kept in the company.

i will check with MCIS what i would have to pay if i buy the same package from them directly. if i get an answer, i will let you guys know.

mfitri77,

want to ask MXM? otherwise i ask them

emailed MCIS and pacific too. i am most interested in the actual premiums charged. over the phone nobody wanted to or couls give me this information.

MDDA = Malaysian Direct Distribution Association

so its a promotion organisation for direct selling / MLM isnt it? i wonder only one thing: would it be cheaper to insure myself directly and skip the gym membership? also note: Pacific doesnt guarantee the premiums

maybe you wanna disclose your terms and conditions and limits?