Depending on how much you want to cover and your budget. If you want cheap cheap and around RM100k coverage so many available.
The following are all online. No agent needed.
Deartime
Generali emedic
FWD Medical insurance
AIA, GE, Prudential online

Not online
Manulife ezmed

If you want standalone with high coverage (RM1m+) without any investments. The one listed below need agents.
Medisavers VIP prime. Can Google for brochure
AIA Mediflex with rider
GE Great medic shield 2 with rider
Fi life medical insurance (no agent required)

If you want ILP, any company can. All more or less the same.

This post has been edited by Ramjade: Oct 20 2023, 02:32 PM

Depending on if you want the investment part. Keep in mind if you take those with investment, majority of ILP cannot outperform EPF (means if you put in money yourself into EPF, you get more) over day 10-20 years period. If the fund is underperforming, insurance company will ask you to keep topping up or increase premium so that your insurance is sustainable until the age you want.

Depending on how much coverage you want.
Different standalone insurance coverage

For critical illness depending on how advance you want. If you want the most basic, any company will do. If you want more advance and value for money, don't bother with Malaysian critical illness insurance.

I recommend get from sg. You have to travel down there to sign the documents when you make the purchase and it's priced in SGD.

You can read my story here. Yes I get my critical illness from Singapore side. No point I pay more in Malaysia for less coverage.
https://forum.lowyat.net/index.php?showtopi...ost&p=108037471

Hope it helps. Don't worry. I got nothing to sell you. What I write is based off experience from doing my own shopping.

This post has been edited by Ramjade: Oct 20 2023, 09:34 PM

No idea. Cause maybe agent also need to make money? Just contact. Cannot run away from agent in this country

My guess is maybe those high coverage insurance plan, you need a human being to talk to you explain the plan for you so you don't make a mistake when you buy it.

This post has been edited by Ramjade: Oct 21 2023, 02:22 PM

Even standalone also no online version for those RM1m+ coverage.

So it's not limited to investment link plan.

It's call investment linked. You can take out some money but it will affect your insurance sustainability. If it is pure life, should be no issue. If it's medical yes, will have issue (cannot sustain until the age you want).

Those that diagnosed with certain disease is call critical illness. To know what critical illness are eligible, read the PDF file by the insurance company. If your condition does not fulfilled their definition, sorry no payout even though eg if it's a heart attack.

I replied you until my post got deleted by "someone". All insurance will have increase in premium. Cannot run away. ILP will have more due to having extra baggages i.e investment. And as mentioned when investment not performing (like majority of the time), you pay the price because the insurance company cannot sustain the insurance policy with that investment till the age you want so they give you option top-up (agree to pay more) or cut down on your insurance time. Basically it's forcing you to pay up in a polite way.

Actually there is addition. For ILP if find not performing or rugi, you pay more.

There are insurance which offer no claim rewards. The real problem is insurance can save cost if they offer outpatient coverage. As silly as it sounds , outpatient coverage cost less than admissions.

By them making everything must admit then only can it is covered, you can't blame people for admitting for small stuff. After all who wants to pay for medical bills when you already pay for insurance right?

Cause some people here don't like me posting info? Cause I advocate for standalone over ILP? Maybe I don't do pm for more details or don't leave vague reply? Who knows. All I know is there is someone here easily triggered and is trigger finger happy to report all post except those of his own. Maybe because I got nothing to sell and that person cannot understand why I do things for free? Lol.

This post has been edited by Ramjade: Oct 24 2023, 08:13 PM

Yes can claim from both. Depends on the plan. Critical illness insurance needs to fulfilled the definition then only entitle to payout.

If you have 2 medical insurance, if you exceeded one, you can also use the other one to make up for it. Eg is use your working insurance first. Once that limit exceeded you can switch to personal insurance.

Yes. Deartime, tokiomarine, fwd. Keep in mind coverage may be low ranging RM100-200k like that.

Don't look at critical illness insurance as distribute dividend/maturity benefit. Go in with the mindset that no cash value and insurance is money you are willing to burn.

If you want maturity benefit, AIA have one. They will pay you back 100% of your premium at age 80 if you got no illness at zero interest. They called it I think birthday bonus. Lol. Totally not worth it IMO

For me I won't bother with Malaysian based critical illness insurance. No value for money. I would take one from Singapore. Downside is
1. travel down there to buy it
2. Priced in SGD

Upside way way better value for money Vs what Malaysia side offer. Second upside fixed premium until the age you want to cover. Again no cash value. So unless you get those critical illness, it's money burnt.

Only exception is get income tax relief.

Read my story here.
https://forum.lowyat.net/index.php?showtopi...ost&p=108037471

This post has been edited by Ramjade: Oct 25 2023, 03:39 AM

For medical insurance, premium will be exactly as when you buy at 55yo more or less. Won't be much difference.

Those pay lesser when younger only applies for insurance with fixed premium. Medical insurance premium increase with age.

Only difference is once you got illness, those things won't be covered by new insurance so you have to pay yourself. That why people said get insurance when young before illness.

However if you know when you are going to get illness, then it's ok to buy insurance before the illness. If you know when you are going to get illness, let me know. I want to learn. Haha...

This post has been edited by Ramjade: Dec 1 2023, 02:18 PM

If you don't like your agent, get a new agent. Very simple. Just to to GE website and contact me. Some agent from GE will contact you.

If you want standalone, latest from AIA is AIA Mediflex with rider (to extend your limit to RM1m+)

They have deductible of up to RM20k
https://www.aia.com.my/en/our-products/heal...e-mediflex.html

Allianz have high deductible. Downside is only ILP products.

Yes. This is the only worth it place to buy insurance online
https://fi.life/

Now whether they have cash value is another story. You need to explore the product yourself.

If you don't mind lower coverage then Deartime (designed for B40), and FWD.

Rest of insurance online are just pure rubbish. (Low coverage).

I think individual. Nowadays all standalone insurance are guaranteed renewal unless you commit fraud, surrender policy, or lapse payment. There no more clause in the agreement on policy stop working if diagnosed with xyz disease or kena loading.

Old standalone yes.

All medical insurance works like that. Increase with time. Even ILP. Difference with ILP is you ask insurance company to invest for you and you hope that their investments does good (majority of the time it's the opposite. Lol). If investment not doing good, your sustainability will be reduced unless you top-up.

Frankly you don't need agent much. Up to you if you want to get from agent or buy yourself online. If I have the option, I will always buy myself online. Skip the agent. Sadly not possible in Malaysia.

You compare ILP or standalone?
If you compare ILP Vs standalone, you need to understand that if your fund that you choose to let Prudential invest for you is lousy, not performing, they will ask you top-up. This is true across all ILP. Reason is the fund performance cannot match increase in cost of insurance and is unable to cover you until your agree date so how to ensure they can sustain you until the agree age? Ask you to pay more.

Both ILP and standalone will increase in price. Only standalone does not have the additional baggage in the form of lousy investment returns cause you are managing your own investment, you will see it and feel it. ILP in theory is not supposed to increase but that is not the case.

If you compare ILP with ILP you need to compare fund performance. Maybe your friend pick US funds while your Prudential funds are all Malaysia based (majority of ILP only have Malaysia based fund which contribute to the poor performance of the fund due to fundamentals and sentiments of the country). Other stuff also how much additional stuff you add into your insurance. Everything is counted. No free lunch in insurance.

Also you need to compare how much is the person paying for ILP. A person who is paying more is unlikely to have increase due
1. Likely able to sustain it Vs a person who pays the minimum amount. Eg same plan but one person pays like RM5K/year Vs another pays 3k/year
2. Also it have been shown people who pay for higher room rates have lesser increase (this was the case for AXA now Generalli standalone. The highest tier exempted from increase while those in low and mid tier got hit with additional increase). Don't ask me why

This post has been edited by Ramjade: Jan 4 2024, 04:21 AM

Depends on what you want. Standalone or ILP. If standalone and you are ok with 100k+ coverage then it's ok.

Yup that's about right. ILP additional baggage which cause additional increase.
No it's not. In fact it's normal for all insurance companies. Most unit trust 90% give a very bad return yearly. You can't really blame them as
1. Not sure why majority of the ILP funds focus on Malaysia and few in China. You know Malaysia fundamentals sucks and china market have been making losses for like 3 years due to their situation and policy. ? BNM force them to focus on Malaysia stuff to support local market. Those with US exposure different story of course.
2. That's how unit trust are. Don't need to see ILP returns. Go open up FSM and select fund selector and you will see very lousy returns for past 5y. Many of the funds cannot even produce min 5%p.a returns.