My current gross salary is RM4200 and from Penang. Currently I'm using the medical card from Allianz with the following details:
1. Month premium: RM200
2. Annual limit: RM100k
3. Lifetime limit: RM1mil

Recently, someone from AXA Affin suggest me to change to their package with the following details:
1. Month premium: RM333
2. Annual limit: RM1.6mil
3. Lifetime limit: No limit

He told me that with the current annual limit of 100k is not sufficient for any dread disease. What do you guys think? Do you think it's necessary?

I 've gone through your blog post. Some of my replies:
1. For the waiting period, he said will help me settle the AXA policy before surrender the Allianz policy, so there is no gap between them.
2. Can you explain more about incontestability? Not very understand about this term.
3. I've never claim since I took the policy in 2011.

Based on my income, do you think RM333 is too much for an ILP medical insurance?