I was about to buy Allianz Powerlink:

Lifetime limit: rm650K:
No annual limit
Guaranteed renewal until age 90

But at the last minute the agent said, the annual limit is capped at 10% which is RM65K. Anything above RM65K, there is a co-insurance of 20% which means I have to pay 20% of the bill when it is over RM65K. The agent said it is common for all medical plans to have co-insurance.

Is that true?

For medical plan, I want guaranteed renewal until age 80. That is my main condition. Powerlink can guarantee that but the co-insurance makes it unattractive now.

Since Powerlink guarantee renewal and guarantee not to increase the premium until expiry at age 90, it sounds like a good plan then. The premium for the life time limit of rm650K at age 56 is RM3,600 per annually.

Agent said that it is stated inside the policy. I will ask for a copy to double check.