I chose crowdshare medical protection plan cover RM1 million for less than RM50 per month from www.gathercare.xyz

RM1 million medical protection per year
RM5k bereavement payment (increase RM1k yearly)
RM100k outpatient cancer per year
RM150 board & room
RM250 ambulance service
RM15k compensation death of covid

For 2021, average contribution all-in, around RM40/mth. Very cheap, affordable. If you are looking for cheap and affordable medical protection, look for www.gathercare.xyz

This plan can be either your main protection plan, or simply as backup. In case existing medical card not enough limit.

QUOTE(plouffle0789 @ Apr 2 2022, 12:21 AM)

what is your age?

how come so cheap?

why no insurance partner inside the company?
https://www.bnm.gov.my/web/guest/life-business

https://www.bnm.gov.my/web/guest/general-business

Im 38 boss.

Cheap because, in Gathercare(GC), no monthly commission for agent/introducer. All monthly contributions 100% for paying medical costs for members. Having a platform using crowd share method, GC can reduce monthly insurance/medical card premiums. GC really use 'takaful' mechanism, to help people who need a good medical plan, with low commitment.

Yes, it is not an insurance company, its not a profit-making company. If it's registered with BNM, it would become a high premium contribution medical card plan. Many insurance/takaful agents join this to promote to their clients as a backup/low-cost medical plan.

I also have this as backup, besides having PruBSN Health Enrich.

QUOTE(plouffle0789 @ Apr 2 2022, 02:51 AM)

when Gathercare(GC) is established?

if it do not have license, how to do insurance business at malaysia?

LAWS OF MALAYSIA
Act 553

Insurance Act 1996

Date of Royal Assent 13-Sep-1996
Date of publication in the
Gazette 26-Sep-1996
An Act to provide new laws for the licensing and regulation
of insurance business, insurance broking business, adjusting
business and financial advisory business and for other related
purposes.
Minimum paid-up
share capital or surplus
of assets over
liabilities.
18. (1) A licensed local insurer shall maintain a minimum
paid-up share capital of such amount as may be prescribed.
Penalty: Three million ringgit. Default penalty.

Since 2017. Its not an insurance company, it's a crowd-sharing platform for medical bill settlement. Less than RM50 per month. https://gathercare.com/ for more info

Here you can view video testimonial
https://gathercare.com/testimonials/

And not just that, on the website itself, they publish all claim record since 2017, very transparent. If no claim, then no deduction. Simple. Maximum deduction capped at RM50
https://gathercare.com/history/

For example in March 2022, claim RM54K for 10 cases. So all sharers just need to commit the amount claimed only. Now we have 5000 sharers, so roughly RM54k/5000 = RM11 shared per person. Yes 100% monthly deduction went to claim/sharing

I personally don't feel this is a burden. Its just below RM50. And if I don't claim, at least I feel satisfied I contribute to other people's hospital bills. Meaning to say, we are helping others with their needs. We all know nowadays insurance/medical card gone high with at least RM100 per person, and keep increasing. Some ppl are not able to contribute high premium. So this is a good alternative/backup.

Some asking me, what happen if u pay, then cannot use later. Im asking, are u sure ur current medical card is 100% later can claim? So no need to worry at all, or maybe use this as backup. After all, I already know my current monthly contribution is HELPING others at least.