I already have medical card coverage.

The increment actually not today a lot, RM 40.

But, I just want to understand the effect on my policy if I reject the increment.

my biggest regret is spending money on takaful/insurance.

i came from a very healthy family, low risk lifestyle, but paid so much for medical card which every 5 years will increase. plus the ILP is outright scam. i will get better return if i invest the money somewhere else.

the bonus part is the agent ran away and ask me to settle with his previous supervisor.

now i'm advocating ppl to not get medical card + ILP, enough with life/hibah takaful.

Insurance is a legal scam. You pay a premium of RMx under the assumption that your chances of having to use it is so minimal that the insurance company probably only pays out to less than 5% of it’s total clientele. Despite such fat margins they still see it fit to increase pricing whenever medical costs go up and even actively do their best to deny claims.

You lagi bodo, read my post properly. I’m complaining about the price increment, not the concept of insurance itself. Insurance companies should take into account increases in medical costs over the duration of the policy and factor that into their premiums. To suddenly jack up premiums 10 years down the road because they silap kira is unfair to the customer.