Jfyi n comparison, My spouse AIA medical insurance
Mar 2024 increased 25%
Mar 2025 increased 35%

The increment letter came in Early May, weeks after the cc deduction.

BNM said capped at 10%?!? Hmmm....

This letter dated 12 April.
Yes, ...said was 9.9%. at 3773.
But actual CC deducted on 14 Mar was 4656.50
Mar 2024 was 3434,
Mar 2025 was 4656.50 about 35.6% increase compared to 2024 pricing.

From the FAQ (imaged)
Looks like mine is not under the 80% of policy holders that would be under 10%. Increase annually

No something is wrong here. The letter already clearly states that your premium is going to be revised to RM3,773 and there is no age-related increase.

Is there any other rider etc attached to your policy?

Something doesn't add up here and if truly is them shortchanging you (unlikely), I would raise hell.

To policyholders/consumers out there, always be wary about what you're being sold or have bought as part of an investment-linked insurance plan, but do not despair. There are a lot of contradictions, ambiguities, unclear language between and within the contract terms, sales disclosures and Malaysian laws/BNM policies.

BNM has not played its proper role in protecting your rights and interests and in fact, has acted in concert with the insurance industry in enacting policies or interpreting contract terms in favour of ITOs, to your detriment. And our Malaysian actuaries are, sorry to say, and even they would admit to it, 'koyak' when it comes to consumer rights.

In a sensible world, these contradictions and ambiguities will have to be resolved in your favour. So, it would be wise for you to consider initiating a class action lawsuit against the ITOs & BNM.

Whether you had recently upgraded your medical card as part of a guaranteed issuance offer and found yourself paying additional allocation and other charges or had your policy repriced due to sustainability issues (e.g. due to higher cost of insurance charges as part of medical repricing  or sub-par unit fund investment performance), always be guided by the following:

- The consumer did not price investment-linked policies (including cost of insurance and other charges) or set the minimum amount of annual premium required for given insurance policy coverage. The ITOs bear sole responsibility and accountability in this matter.

- Built into the pricing of annual premiums, cost of insurance and other charges for long term investment-linked policies is the expectation of sufficiency of annual premiums to sustain the policy, including all its charges, until the end of the contract term. The ITOs bear full responsibility and accountability for this expectation and are expected to have appropriately accounted for their profits, expenses and any long term concerns regarding investment returns, medical inflation and other such matters in the policy's pricing.

- The value or legal force of this expectation, to be imputed into the terms of the contact or read as an implied term, is a no-lapse guarantee for as long as the annual premium payments (premium amount based on initial and not subsequent repricing) are maintained.

- Given the above, the ITOs only have the right to reprice premiums and other charges midway through the contract term when faced with going concern risks, not and never to maintain profit margins.

Huumph, ...possible my error, need to dig up my past cc bill to compare. Currently policy is not at hand to check the rider things.

Thks for pointing out this possible scenario.

It seems not right about payment not tele, did you call AIA about this?

Check my last year cc payment amount...it was 4317

My mistake, ...it was not 3434 for year 2024 asI had mentioned.

So your premium got reduced in 2025? Wahhh

As per cc record 2024 was 4317
2025 was 4656

U dont find it weird they charge u differently from the letter ?

Perhaps it was like what contestchris had highlighted earlier? ....... some riders need to add in?

I don't hv the policy on hand to confirm.

I went ahead and pulled the trigger with Kaotim Legasi, got the 10y RM1mil plan for now. Might ladder it with a 20y RM1mil plan - no rush for now, I am surveying slowly if there are better plans. Looking at PruTerm Premier and Aia Sejuta Makna among others. Hopefully newer plans get launched in the coming months.

I figure the 10y plan will be the least likely impacted by any re-pricing issues, so not much to lose. Annual level premium of RM960, which is comparatively cheaper than the annual increasing premium currently at RM555 with Etiqa for Ezy Secure for just RM500k cover.

In any case, I expect poor persistency given this is Takaful (i.e. the demographics) which should play in well with the sustainability of the pool. Also, life expectancy is only increasing, so further tailwinds there.

I went ahead and pulled the trigger with Kaotim Legasi, got the 10y RM1mil plan for now. Might ladder it with a 20y RM1mil plan - no rush for now, I am surveying slowly if there are better plans. Looking at PruTerm Premier and Aia Sejuta Makna among others. Hopefully newer plans get launched in the coming months.

In any case, I expect poor persistency given this is Takaful (i.e. the demographics) which should play in well with the sustainability of the pool. Also, life expectancy is only increasing, so further tailwinds there.

Another way to look at it, the ITO requires for a proportion of the insurance/takaful pool to surrender every year so that the tabarru fund (risk fund) or the non-participating fund does not have a deficit.

If they have less than the expected proportion of policies surrendering, say 5% per annum, they are in trouble and would have to pump money into the tabarru or non-participating fund.

Do you know what a 5% surrender rate per annum means? It means that if an ITO had a million policies at the beginning of a 30 year policy term, they would only have around 600k policies by the 10th year, 463k by the 15th year, 359k by the 20th year, 277k by the 25th year, and 215k by the 30th year.

So, the ITO needs to go out there and find a million policies, out of whom 401k need to leave by the 10th year, 537k by the 15th year, 642k by the 20th year, 723k by the 25th year and 785k by the 30th year.

That is the number of people we are telling to go fly kite. It's just a disaster waiting to happen.

hi, just want ask car insurance premium.

Why i compared 3 companies, 3 prices really different with same insured value.

Allianz premium - RM2,040
Tokio premium - RM1,820
Ambank premium - Rm1,450

whether their service different and claim different?

Just asking, did all of them deduct the same NCD %?