I worte about it in few post back about ILP Vs standalone. Anything bundle with life insurance is usually ILP.

Keep in mind that if your parents got existing condition they won't be covered eg high blood pressure, diabetes and it's complication.

You can choose to cover until whatever age you can afford. Nowadays got standalone insurance cover until 100 years old. But can you afford the premium at 20k/year?

I always say get standalone. Don't get sold by agents or "planners" for ILP.

Cheapest standalone until age 80 (from what I calculate Vs AIA or GE you can cover to 100 also if you want)
1. Medisavers
https://medisavers.my/medisaversvip-prime.html
Their underwriter is lonpac. Lonpac is part of public bank.
For me I don't care about MXM. All I care is who is my insurer and who my contract is with who. When you buy via mxm, your contract is with lonlac and not mxm. When you get admitted, your insurance is lonpac not mxm. When you claim, it's you claiming from lonpac and not mxm. Mxm just like agent. For me I can live without agent. So no issue if mxm exist or don't exist cause at the end of the day, I am dealing with lonpac.

Others
AIA medi flex with rider
https://www.aia.com.my/en/our-products/medi...e-mediflex.html

GE great medic shield with rider.
https://www.greateasternlife.com/my/en/pers...-extender2.html

Generali
https://fiselect.my/medical/

Keep in mind some last age to onboard is 70. Expect insurance companies to ask for medical report on health before approval due to age. They can ask for it and it is their right.

For me personally I went with AIA. I had an GE insurance, exercise my cooling period due to not so good reputation of GE trying their best to delay admission or GL (not I say, so many of my friends working in private hospitals tell me).

Which one is the best?
AIA and GE can apply for outpatient GL for dialysis while others pay and claim. There is no best. All depends on budget, room and board, how long post hospitalisation follow up.

Which is the cheapest?
If you cover until 80 years old, medisavers

Which one have longest outpatient coverage after hospitalisation?
GE

Which one have not so good reputation?
GE. Others unknown (Generali and medisavers) unable to dig up info on Generali or discovers due to not many people using it. AIA usually no-issue as long as pay on time and in full. No questions asked unlike GE.

When you buy medical insurance, do not expect any cash value left. Whatever you pay, just assumed it's burned. Only way to get returns on medical insurance is to use it for admission.

Cons of ILP
1. Unnecessary bundle
2. Extra cost
3. Lousy returns
4. Increase in price every few years when it's supposed to be fixed

Pro of ILP
1. You can take premium holiday and your insurance won't lapse i.e "forget" to pay or really forget to pay or need the money for other stuff (not recommended)
2. Can downgrade the plan

Pros of standalone
1. You know more or less how much you are paying
2. You pay only for medical insurance and commission. Nothing else.
3. You get better returns by putting the money into your parents EPF and they can take the money out anytime
4. Less sudden increase as what you see on the table is usually what you pay. Usually.

Cons of standalone
1. If you missed payment, then it's lapse and not covered anymore. No issue if you are a good paymaster
2. Amount of premium paid can shocked some people.

Hope this help your search. Keep in mind at 60+ premium is expensive yo. Sometimes at that age, best to pay out of pocket.