for your premise or your employees or what???

there are many takaful companies out there... you are bound to find something especially many companies are working on expanding their takaful arm.

you are looking more to liability & also fire insurance to cover your premise
most of them are refering to medical & life insurance over here . .  . . . 

which plan?

Why not consider AIA Public Takaful?
R&B 200
1.375mil annual limit with no lifetime limit.

Woudn't this be better?

You should be able to claim the medical bill under Comprehensive Accident Benefits rider.

What your agent are saying is actually weekly benefit, which is standard across the industry where you will be able to claim "MC" if it's more than 7 days as pocket money compensation.
Almost every companies are having Early Stage of Critical Illness, you may talk to your insurance agent to know more about it
It's always advisable to remain on your existing insurance company to avoid the waiting period. However, the market are having plenty of medical cards having annual limit as high as few millions and unlimited lifetime limit too.

your prubsn is with ILP? ask for upgrade or something? well, like someone said... aia takaful offering something better, although should be more expensive.

er... if you don't mind me saying... why so worried about the 1 month? waiting period is only applicable to diseases. accidental hospitalisation is not subjected to waiting period. not having protection for 1 month... er... unless you are 90 years old, i won't call it 'very risky'.

usually in the case of upgrade (if i'm not mistaken), insurance company will honour your old medical... instead of your new one. check and understand the t&c

Can you take previous and next page?

In order to claim for accidental medical reimbursement (If there is any), your date of accident and the date of receipt(as known as the date of you visiting the clinic) must be within 24 hours. Do let me go through your claim form before submitting to Great Eastern.
I'm not sure about Prudential BSN. Under Great Eastern and Great Eastern Takaful, if you are upgrading your medical card, we are having Conditional Waiting Period of 1 month.

Conditional Waiting Period which means you still can claim for any disease/illness within the waiting period but the benefit will fall back to the previous card's benefit. After 1 month, all the medical benefit will follow the new one.

As a general rule:
Any "upgrade" is really just purchasing a new policy.
Therefore the general waiting period of 3+1 months applies, unless expressly stated otherwise by the company.

I hope this clears the air and personally I would really question the agent with the 1-month waiting period.