Licensed Insurance Companies & Takaful Operators

No.	Licensed Insurance Companies	Category of License, Approval, or Registration
1	AIA Berhad	Life Insurance Business
2	AIG Malaysia Insurance Berhad	General Insurance Business
3	Allianz Life Insurance Malaysia Berhad	Life Insurance Business
4	AmMetLife Insurance Berhad	Life Insurance Business
5	Berjaya Sompo Insurance Berhad	General Insurance Business
6	Chubb Insurance Malaysia Berhad	General Insurance Business
7	Etiqa Life Insurance Berhad	Life Insurance Business
8	FWD Insurance Berhad (formerly known as Gibraltar BSN Life Bhd)	Life Insurance Business
9	Generali Life Insurance Malaysia Berhad (formerly AXA Affin Life)	Life Insurance Business
10	Great Eastern Life Assurance (Malaysia) Berhad	Life Insurance Business
11	Hong Leong Assurance Berhad	Life Insurance Business
12	Liberty General Insurance Berhad (formerly AmGeneral Insurance)	General Insurance Business
13	Lonpac Insurance Berhad	General Insurance Business
14	Manulife Insurance Berhad	Life Insurance Business
15	MCIS Insurance Berhad	Life Insurance Business
16	MSIG Insurance (Malaysia) Bhd	General Insurance Business
17	Pacific & Orient Insurance Co. Berhad	General Insurance Business
18	Pacific Insurance Berhad	General Insurance Business
19	Progressive Insurance Berhad	General Insurance Business
20	Prudential Assurance Malaysia Berhad	Life Insurance Business
21	QBE Insurance (Malaysia) Berhad	General Insurance Business
22	RHB Insurance Berhad	General Insurance Business
23	Tokio Marine Life Insurance Malaysia Bhd	Life Insurance Business
24	Tune Insurance Malaysia Berhad	General Insurance Business
25	Zurich Life Insurance Malaysia Berhad	Life Insurance Business

No.	Takaful Insurance Company	Category of Business
1	AIA PUBLIC Takaful Berhad	Family Takaful Business
2	AmMetLife Takaful Berhad	Family Takaful Business
3	Etiqa Family Takaful Berhad	Family Takaful Business
4	Etiqa General Takaful Berhad	General Takaful Business
5	FWD Takaful Berhad	Family Takaful Business
6	Great Eastern Takaful Berhad	Family Takaful Business
7	Hong Leong MSIG Takaful Berhad	Family Takaful Business
8	Prudential BSN Takaful Berhad	Family Takaful Business
9	Sun Life Malaysia Takaful Berhad	Family Takaful Business
10	Syarikat Takaful Malaysia Am Berhad	General Takaful Business
11	Syarikat Takaful Malaysia Keluarga Berhad	Family Takaful Business
12	Takaful Ikhlas Family Berhad	Family Takaful Business
13	Takaful Ikhlas General Berhad	General Takaful Business
14	Zurich General Takaful Malaysia Berhad	General Takaful Business
15	Zurich Takaful Malaysia Berhad	Family Takaful Business

No. Name Ownership


1 AIA Berhad
USA company


2 AXA Affin Life Insurance Berhad
affin bank group


Dear Valued Customer

On 30th August 2022, Generali Asia completed the purchase of the remaining 51% of MPI Generali shares adding to its existing 49% share ownership, making Generali the sole owner of MPI Generali (Find out more) .


On the same day, Generali also acquired approximately 53% of AXA Affin Ge neral Insurance Berhad (AAGI), whilst Affin Bank owns the remaining 47%. Generali has submitted a proposal to integrate the business of MPI Generali into AXA Affin General Insurance Berhad.


This business transfer is in accordance with Bank Negara Malaysia (BNM)’s single presence policy, where a shareholder can only own one General and one Life Insurance license.

We had previously communicated that this is expected to take effect on 28th February 2023.


However, we are now working towards a new date; 1st Apri 2023 or such a date as may be approved by the Court. When this happens, then the integrated company will be fully reremaining 30% branded “Generali”.


Upon the completion of this integration, Generali will hold 70% of the combined business and Affin Bank will hold the We would like to assure you that the benefits and terms of your insurance policies with us will not be affected as we undergo proposed business transfer and name change. Your rights and obligations under MPI Generali’s insurance policies wil to you.


I remain the same. We are committed as ever to be of service Once the business transfer is approved, our documents will showcase the new company name and inclusion of “formerly known as AXA Affin General Insurance Berhad” as is required by the regulations.


Following the launch of the newly branded company, the remaining integration activities will take place over an extended period of time. e insurer in Malaysia.

The future combined company and unified brand will form the second largest general insurer and an emerging lif This is yet another significant milestone for us and we are delighted as we countdown to introducing Generali to all Malaysians.



Generali is one of the largest global insurance and asset management providers.


Established in 1831, it is present in over 50 countries in the world, with a total premium income of € 81.5 billion in 2022.


192 years !!!!!

With 82,000 employees serving 68 million customers, the Group has a leading position in Europe and a growing presence in Asia and Latin America.


Generali is Italian company


Global Fortune 500 (#72);


Generali has a direct presence in 34 countries.

3 Allianz Life Insurance Malaysia Berhad

Germany company

4 AmMetLife Insurance Berhad ambank group


MetLife, Inc. is the holding corporation for the Metropolitan Life Insurance Company, better known as MetLife, and its affiliates.


USA


5 Etiqa Life Insurance Berhad
Maybank group



6 Gibraltar BSN Life Berhad

bank simpanan nasional


It's Now Known As BSN Life

30 Apr 2014

HERE COMES GIBRALTAR BSN LIFE


KUALA LUMPUR - After just over a decade in operation, life insurer Uni.Asia Life Assurance Bhd (UAL) has ceased to exist, and is now known as Gibraltar BSN Life Bhd, following the entry of new owners Prudential Financial, Inc (PFI) of the US and Bank Simpanan Nasional (BSN).

PFI holds a 70% stake in Gibraltar BSN Life through its subsidiary, The Prudential Insurance Company of America (PICA), and BSN the remaining 30%, following a RM518 million acquisition of UAL which was completed in January 2014.


7 Great Eastern Life Assurance (Malaysia) Berhad
ocbc group singapore


8 Hong Leong Assurance berhad

HONG LEONG FINANCIAL GROUP BHD
KLSE (MYR): HLFG (1082)



9)MCIS Insurance Berhad
sanlam group

South africa



10 Manulife Insurance Berhad

Canada company

11 Prudential Assurance Malaysia Berhad

Uk company

12 Sunlife Malaysia Assurance Berhad

Sun Life Financial Inc. is a Canadian financial services company


13 Tokio Marine Life Insurance Malaysia Bhd
Japan company

14 Zurich Life Insurance Malaysia Berhad

Switzerland company


15 Syarikat Takaful Malaysia Keluarga Berhad
TAKAFUL (6139)


But nowadays no much more medical card that is not ILP

A lot of people find this hard to accept. Maybe when they bought their cards, their advisor or agent told them, “This is cheap, right?”



After that, we think the 5 years, normally, the cost of this medical card increase every 5 years, there is one rate, the next 5 years, there is a different rate to pay.


Then, you say, “Hey, how come it keeps on increasing?”


That is how a

standalone medical card


is structured, and you must be prepared for that.




Bersusah-susah dahulu, bersenang-senang kemudian
=
ILP medical card




Renewal Conditions


Most standalone policies provide a guarantee that your policy will be renewed even though you’ve been diagnosed with an illness before your next renewal date.


This is good to have. Here’s the reason why. Say if you were diagnosed with diabetes this year, and your policy is not a guaranteed renewal policy, the company has every right to reject your renewal.

Now, you’re left with zero coverage for next year. Adding to that, other insurance companies won’t accept your application either, because now you have diabetes and it’s a risk they are usually not willing to take.



Bersenang-senang dahulu, Bersusah-susah kemudian =
Standalone medical card

This post has been edited by plouffle0789: Nov 20 2023, 01:17 PM

The most stupid product is investment linked medical card.

Why? Care to explain?

Insurance Co making the most profits out of the products

So what product you buy?

RW Genting medical card.

Cover funeral fee if jump from First World Hotel 24th floor if kalah teruk in kasino.

The commitment is high. And the investment not that great return.

Heart attack from losing showhand in Casiono got cover?

Hehe... Pls show me term insurance which covers all life, tpd, ci, rnb, med, and cost less than ILP min funding.

I'll wait.

Only if you die from the heart attack. Cover funeral fee as mentioned previously.

Parking need to know as well

But nowadays no much more medical card that is not ILP

A lot of people find this hard to accept. Maybe when they bought their cards, their advisor or agent told them, “This is cheap, right?” After that, we think the five years, normally, the cost of this medical card increase every five years, there is one rate, the next five years, there is a different rate to pay. Then, you say, “Hey, how come it keeps on increasing?”


That is how a

standalone medical card


is structured, and you must be prepared for that.




Bersusah-susah dahulu, bersenang-senang kemudian = Rider





Renewal Conditions


Most standalone policies provide a guarantee that your policy will be renewed even though you’ve been diagnosed with an illness before your next renewal date.


This is good to have. Here’s the reason why. Say if you were diagnosed with diabetes this year, and your policy is not a guaranteed renewal policy, the company has every right to reject your renewal.

Now, you’re left with zero coverage for next year. Adding to that, other insurance companies won’t accept your application either, because now you have diabetes and it’s a risk they are usually not willing to take.





Bersenang-senang dahulu, Bersusah-susah kemudian = Standalone

Yes, Cause insurance company's forte is not in investment. Those agents only want commission so sell insurance, what do they know about investment? Keep for long term? lol, easiest excuse given.

Insurance and investment are two different things. When you mix them up, they won't hold responsible if investment is good or bad. Usually investment return is bad.

Hence, keep insurance as insurance. And only get the insurance you need.

You means ilp medical card is bad?

But it is guarantee renew

But standalone medical card is not guarantee renew right??

So insurance company make the standalone medical card a bad way

Good info. /k take heed!

Hehe... U extrapolate dia punya cost when u age 45 then u know hehe

Suddenly got amoi contact me say free dinner Friday... Scam?

Less than rm200 can get u a medical card, how is that a high commitment lol.. are u that fcuking poor?

Is a company, not charity organisation. What do u expect lol..

RM200 medical card vs RM200 medical investment linked card

investment link product not for investment return. its for ur future protection. just buy what u can afford, based on ur income level, use a 10-20% to get a basic coverage. the return in policy is for u to cover back the future value cost. nasi lemak also increase price after 20-30years, what about ur medical cost. if uncertainty happen, some rider will still benefit u.

i just admit to hospital, i see everything great, the monthly payment for this kind of benefit, the medical bill already on par for what i paying all those year.

i dont think set aside 10-20% for u to backup is a huge cost, or stupid. for me it just a savings for emergency. some people spent 10-20% on phone bill, handphone, comestic, entertainment etc
but they didnt feel anything. spending in insurance is stupid, its like telling people u will be healthy and no uncertainty will be happen for whole life.

Most standalone policies provide a guarantee that your policy will be renewed even though you’ve been diagnosed with an illness before your next renewal date.




Can u pls read wtf u posted instead of copy pasting and contradicting yourself?

So which company provide best medical card with no investment linked?

abang adik, there is no the best. each have their pros and cons

Gibraltar BSN Life Berhad have standalone medical card only

You can check on it

Yup. Nothing is this life is guaranteed.

Insurance don't guarantee payment with their 2000000 clauses printed in font size 5.

But medical cards can be purchased up to old ages, differs according to insurance companies.

This post has been edited by gashout: Dec 31 2019, 09:50 AM

How insurance companies can earn more than what will be claimed by insurers?

they will revise the price so they can earn more than the payout..

The cost of insurance, be it stand alone or attached to a investment link policy, increases every few years, based on age bracket. Get your agent to show the details when he presents the sales illustration. Standalone medical cards are still available in the market, however you may find that investment linked medical cards may have additional benefits that may not be available in standalone medical cards.

The cost of insurance, be it stand alone or attached to a investment link policy, increases every few years, based on age bracket. Get your agent to show the details when he presents the sales illustration. Standalone medical cards are still available in the market, however you may find that investment linked medical cards may have additional benefits that may not be available in standalone medical cards.

park for info

Was browsing etiqa, got this etakaful one that only costs rm50 ++ (much less if u opt for deductibles).

Best Thing is no lifetime limit.

Also was browsing Philippines medical insurance. Fark the annual limit is only Like rm20k but price is more than rm100

park

so apa sarahan.

stand alone or penipu scammer ILP?

Example of benefit list gain from ILP.



This post has been edited by Syie9^_^: Dec 31 2019, 11:36 AM

How much year limit?

this one true



if you need to see how it looks like in movie
how hard to make a claim.. even need lawyer.. see this movie .. got in netflix now

i use prubsn anugerahplus which is medical card rider plan, the life insurance portion i only pay rm15 per month(which is the bare minimum rm10000 sum covered) and those medical card give significant more coverage compared to stand alone medical card.

the insurance version want probably cheaper, so if you only seeking for medical card only, then just ask them to configure the plan with the lowest sum covered.

I use AIA

A Gibraltar BSN agent approach me for their ILP package. Suggested me to take the RM150 with the annual pay of RM1800 until age 70+ . And simulated investment returns of around RM600 per annum.

I was like, this is gooood! But, seems very fishy. Is it a scam?

Parking. Read later

so better get term insurance for med card instead of investment linked?

Just a random thought, why is there no personal insurance that covers GP visits? oddly enough..

"jaga diri sendiri and eat healthy" insurans card

monthly paid nothing

very good card

let see,
i use AIA for the calculation
you need to pay rm2805 per year for rm15000 sum covered (this is 20 years plan), with 5% profit per year, you will get rm750 per annum (dont forget remark Sila ambil perhatian bahawa pulangan pelaburan adalah TIDAK dijamin), so there is high chances you will not get 5% interest out of it.
does this sound good for you?

when the plan matured you get 150% out of sum covered, not all the money you invested into it.

This post has been edited by zerorating: Dec 31 2019, 12:16 PM

When insurance ppl say investment linked plan..what investment are they talking about?

60k

certain amount of premium paid being used to invested in mutual fund, and once you reach certain age then you can use the amount in mutual funds to continue pay insurance premium (you dont need to pay using your own money).

Oh i see. Thanks for the explanation. Now I understand better le

I pay

1) Medical card Takafool PruBSN AnugerahPlus = RM163/month

2) Life Takafool PruBSN WarisanPlus = Rm448/month

3) Life Takafool Zurich (takafoolink) = RM 400/month

oh waiii burning those monney

So the plan matured after 20 years, what happens after that?
Don't really understand this one.

"when the plan matured you get 150% out of sum covered, not all the money you invested into it."

better get the one without annual limit.. only lifetime limit

Why so many plans?

This post has been edited by Milupa: Dec 31 2019, 12:47 PM

only take takafool zurich plan just showing support to my sister who have just became their agent recently....LOL

Commitment is high? U must be poorfag man

U wont feel its high when u kena some serious disease and need to admit hospital.

Put it this way la, nobody said the investment is gonna give u good returns.

If there is returns, consider it a bonus. If there is low returns, u are still covered.

I think u dont understand the concept here. If u think u can be a millionaire by getting an ILP, please dream on ya.

RM100 standalone medical card or RM100 ILP,

For sure i take ILP. Standalone medical card if nothing happens, u get 0

wow, 2 life insurance plan ... i only have 1 life insurance, in case touch wood anything happen got some $ leave for family ..

If ilp investment fail, have to topup and pay extra right?

Prudential Assurance Malaysia Berhad

the medical card alone cost me rm350

lol.. i know where TS copy and pasta all those..

at least give link la sohai

walaowei...you must be old...35 onwaards

the pyramid collapse if everyone cashed out for their insurance.

Its low risk investment. Low risk, low return.

What do u mean by ILP investment fail?

I have been paying my usual premium for years. Never once i top up anything.

ilp investment fail, you will only have lower return or negative return, it is using premium to invest in mutual funds...

you dont need to topup anything....

2805 per year for 15000 sum insured? That seems very low coverage. U must be very old.

15000 is life or medical card?

Pls get ur facts right

park

no leh less than 32 ....is the insurance agent kelong me ?

Coz when i buy he ask me what is your budget i say rm350 ...then sell me rm1mil medical card rm350 per month

I thought the returns is use to offset the premium, but if negative return, means the premium will increase..something like that.. is it?

Prudential BSN Takaful Berhad


It is under prudential insurance


But not unlimited lifetime limit right???

You can use the return to offset with your future premium, not the current premium ... for my insurance i can only use the return to offset premium after age 60 or 70..

ilp concept is just that you pay a little more now to invest, then use it in future ... of course if you go for normal medical card, you pay lesser now, but you need to pay more/longer in future, so is lebih kurang the same ...

Just inside cash value will decrease right???

What insurance company???

general practitioner


means clinic right???

what is inside Life Takafool Zurich (takafoolink) ???

Does it cover lost of money due to gambling inside the casino ?

how many percent of rerurn???
must be projected

how much???

what plan?

im talking about this saving and investment plan, this is not medical card, but you could apply medical rider out of this.
https://www.aia.com.my/en/our-products/savi...richgold-i.html

One year pay RM5.5k.

Because GP visits are cheap as compared to what u need to pay the moment u are admittedly to a hospital for surgery or what not

But GP visits are claimable if after the visit, the Dr refers you to hospital

What is A-EnrichGold-i?



A-EnrichGold-i is a Shariah-compliant Takaful coverage product which consists of Ordinary
Family Takaful and investment-linked portion which provides you with increasing Lifestyle
Benefit and maturity value. It also offers you the potential of upside investment gains and
the flexibility in managing your savings.
On top of that, it also provides coverage on death and Total and Permanent Disability (TPD)
and double Takaful coverage on accidental death and TPD.


what is special about takaful??
more safe?

how old are you??

did you buy all in one??




36 Critical Illnesses,
Total and Permanent Disability (TPD),
death，
medical card?????

This post has been edited by plouffle0789: Dec 31 2019, 01:31 PM

This is endowment plan . Mainly focus on investment. This type no point to get.

Just get a IlP enough already.

tutup buku la.

like insurance you are paying money per annum in order to get some protected value, this is what the called as sum covered. this is not like traditional saving like it you put rm2000 in a year, you are getting interest on thosse saving, the sum covered is like i give you do this amount fund from the start, so every year you pay me principal+interest, if every year got untung, i let you keep the untung. after the policy matured, i give you the agreed sum covered + bonus.

bahasa mudah, i give you loan for this amount, you pay me every year/month. since the loan amount is kept by me, i manage the fund for you, if got untung, i give you some, after 20 years, i give you hefty money, but we are done now.

make sense?

it is one of the ilp offered by aia, which allow you to attach a rider medical card .

okay i got it wrong



This post has been edited by zerorating: Dec 31 2019, 01:48 PM

But it is not guaranteed any return

Any medical card these days that cover normal clinic visits .. and normal specialist visits , generally including consultation, medication, procedures, etc.. but doesn't fall under 36 critical illness

Which insurance cover the following :

1. riding a motorbike, fell down, broke an arm, put into cast, no hospitalisation.. what can be claimed ?

2. high fever , suspected dengue , refer hospital for observation , after one day discharge after fever subside ... not dengue

Thanks in advance.

it only guarantee sum covered given upon maturity.
im not a participant of this, probably got guarantee untung

Yes, the cash value maybe will lower than the plan they show you, as i know they use historical of 5-6% return when stimulating the plan ...

Age : 29

For Zurich Takafool
Death/Total and permanent disability (TPD) - RM 300K
36 Critical Illness - RM 200K (Deductible from Death/Permanent Disabilty if claim, so left RM 100K)

For PruBSN WarisanPlus

Death/Total and permanent disability (TPD) - RM 500K...If die in accident like car...double the amount...
43 Critical Illness - RM 200K (Deductible from Death/Permanent Disabilty if claim, so left RM 300K)

Zurich takaful got i think...can check the website..PATINA2016..takafool product