Insurance is vital in managing risks while giving you peace of mind and ensuring your loved ones are safe and financially protected. Different policies serve different needs, so you need to determine your needs before comparing each insurance plan.
Insurance plans will help you pay for medical emergencies, hospitalisation, and contraction of any illnesses and their treatment. Therefore, read on to learn about the 10 best insurance agencies in Malaysia that will help ensure that you are financially secure in facing any unpredictable and unfortunate circumstances in life.
What Is an Insurance Premium?
When you have an insurance policy, the insurance company charges you money in exchange for that coverage. Therefore, an insurance premium is what you pay for an insurance policy. Insurance premiums vary according to age, type of coverage, amount of coverage, insurance history, health history, and more.
Why Do You Need a Medical Card?
Medical inflation is increasing yearly while the minimum wage remains stagnant, making it difficult to afford medical treatment for terminal illnesses or hospitalisation for a severe injury. A medical card is an insurance plan that reduces the risk of financial loss when someone falls sick. With a medical card, you can receive the best medical treatment at your preferred healthcare provider as long as it is covered in your policy.
Why Do You Need a Whole Life Insurance Policy?
Life insurance comes into the picture when there is an unfortunate event of the death or disability of the breadwinner. Life insurance assures that there would be a minimum payout to the policyholder's beneficiaries if they pass away. This amount can sustain the policyholder's loved ones and reduce the financial burden on their family members upon death or disability.
10 Best Insurance Agencies in Malaysia 2024
Best Insurance Agency For Medical Card
Best Insurance Agency For Whole Life Insurance
Best Insurance Agency For Medical Card:
1. Allianz General Insurance Company (Malaysia) Berhad
Allianz General Insurance Company (Malaysia) Berhad offers its clients health and well-being protection worldwide. They offer international health, life and disability insurance and a wide range of health and protection services to private individuals, families, organizations, and partners. Overall, this insurance agency will do its best to assist you in finding the right solutions to your problems.
Phone No: 1-300 225 542
Facebook: https://www.facebook.com/AllianzMalaysia/
Instagram: https://www.instagram.com/allianzmalaysia/?hl=en
Highlights: Allianz General Insurance Company (Malaysia) Berhad offers one of the most comprehensive medical cards, the Allianz MediSafe Infinite+ Medical Card. One of the perks of this card is that you have no lifetime limit and will have access to a high overall annual limit with this policy. There is an extensive list of panel hospitals, and all lodger expenses will be reimbursed up to the lodger’s benefit daily limit based on your chosen plan.
Medical Card Name: Allianz MediSafe Infinite+ Medical Card
Annual Limit: Up to RM 2.5 M
Lifetime Limit: No limit
Room & Board: Up to RM 500
No. of Panel Hospitals: 79
Investment-Linked Plan: Yes
2. AIA Berhad
AIA Berhad is a leading insurer in Malaysia and has been operating since 1948. They offer a variety of solutions, including protection, health, personal accidents, employee benefits, general insurance, mortgage, retirement, and family takaful products to meet their customers’ protection and financial security needs at every life stage. Furthermore, this insurance agency has a well-trained team of over 2,600 employees to serve its 4.7 million customers worldwide.
Phone No: 03-2056 1111
Facebook: https://www.facebook.com/AIAMalaysia
Instagram: https://www.instagram.com/aiamalaysia
Highlights: AIA A-Plus Health Medical Card can be used for hospitalisations. You can also enjoy health screenings, vaccinations, recovery care, mobility, hearing expenses, and even cosmetic surgery due to an accident. For every year you do not make a claim, AIA A-Plus Health will reward you with the amount depending on the plan you select. Following this, that amount will be credited to your Health Wallet, with a maximum of 10 times (1 time per year).
Medical Card Name: AIA A-Plus Health Medical Card
Annual Limit: Up to RM 2 M
Lifetime Limit: No limit
Room & Board: Up to RM 500
No. of Panel Hospitals: 94
Investment-Linked Plan: Yes
3. Etiqa General Insurance Berhad
Etiqa General Insurance Berhad believes that insurance and takaful are more than just products and services. This insurance agency is a leading ASEAN insurance and takaful agency under the Maybank Group, a leading banking conglomerate in ASEAN. They offer a full range of life and general conventional insurance products and family and general takaful plans. They have a presence in Malaysia, Singapore, the Philippines, Indonesia, and Cambodia.
Phone No: 1-300 138 888
Facebook: https://www.facebook.com/Etiqa
Instagram: https://www.instagram.com/myEtiqa
Highlights: Etiqa Elite Takaful Medical Plus Medical Card provides unlimited lifetime coverage and a high annual limit of up to RM 1.5 million. This medical insurance provides a comprehensive insurance plan that supplements your medical employment card and is suitable for those who have signed up for the Etiqa Elite Takafulink. That being said, this Takaful medical card by Etiqa is open to everyone.
Medical Card Name: Etiqa Elite Takaful Medical Plus Medical Card
Annual Limit: Up to RM 1.5 M
Lifetime Limit: No limit
Room & Board: Up to RM 500
No. of Panel Hospitals: 129
Investment-Linked Plan: Yes
4. AXA Affin General Insurance Berhad
AXA Affin General Insurance Berhad is one of the global leaders in insurance. They are committed to protecting what matters and offer comprehensive protection solutions to individuals and businesses in all areas of general insurance. From business to homes and mobility to health, they are committed to positively empowering the community in all aspects and progress for a better future.
Phone No: 1-300 881 616
Facebook: https://www.facebook.com/MYAXAAffin
Instagram: https://www.instagram.com/myaxaaffin
Highlights: The AXA eMedic Plus Medical Card is an online medical card that provides hospitalisation coverage. The coverage includes hospital room and board, intensive care unit admission, surgical fees, physician or specialist visits, daily allowances for hospitalisation in ICU, and more. This medical card also offers out-patient benefits such as accidental emergency treatments, post-hospitalisation care and physiotherapy treatment.
Medical Card Name: AXA eMedic Plus Medical Card
Annual Limit: Up to RM 150k
Lifetime Limit: No limit
Room & Board: Up to RM 250
No. of Panel Hospitals: 161
Investment-Linked Plan: No
5. Syarikat Takaful Malaysia Berhad
Syarikat Takaful Malaysia Berhad has provided peace of mind to millions of customers for the past three decades. They aim to exceed customers' expectations through operational excellence, technology-driven capabilities, and product innovation. Their business model was founded on the requirements and practices of Shariah, and it offers takaful products while recommending to its customers the best plans that suit their needs.
Phone No: 1-300 820 031
Facebook: https://www.facebook.com/takafulmalaysia.official/?fref=ts
Instagram: https://www.instagram.com/takafulmalaysia.official/
Highlights: Takaful myClick MediCare Medical Card offers a comprehensive medical insurance plan available entirely online. There are three plans to choose from, Bronze, Silver, and Gold. This medical card offers annual coverage of up to RM100,000 with no lifetime limit. Furthermore, it covers your medical expenses, including room and board, prescription drugs, surgical fees, and common outpatient care benefits such as outpatient cancer and kidney dialysis treatments.
Medical Card Name: Takaful myClick MediCare Medical Card
Annual Limit: Up to RM 100k
Room & Board: Up to RM 200
No. of Panel Hospitals: 98
Investment-Linked Plan: No
6. Prudential Assurance Malaysia Berhad
Prudential Assurance Malaysia Berhad is committed to helping its customers progress in life through their full range of innovative financial solutions. They strive to make healthcare affordable and accessible while protecting their customers’ wealth, growing their assets, and empowering customers to save for their goals. This insurance agency aims to provide all Malaysians with financial freedom and peace of mind.
Phone No: 03-2116 0228
Facebook: https://www.facebook.com/prudentialmalaysia
Instagram: https://www.instagram.com/prudentialmalaysia/
Highlights: The Prudential PRUValue Med Medical Card is a medical insurance rider that can be attached to a basic life insurance plan. It is an optional benefit which reimburses reasonable and customary medical and surgical expenses incurred during hospitalisation. This medical insurance provides the flexibility for the insured to choose the preferred level of coverage, such as room and board.
Medical Card Name: Prudential PRUValue Med Medical Card
Room & Board: Up to RM 600
No. of Panel Hospitals: 93
Investment-Linked Plan: Yes
Best Insurance Agency For Whole Life Insurance:
7. Great Eastern General Insurance Berhad
Great Eastern General Insurance Berhad's mission is to protect you from life's uncertainties and help you thrive with financial freedom. With their innovative products and solutions, you can focus on what's essential and pursue your goals with peace of mind. They promise to be committed to providing the best solutions to their customers and care for each customer's needs.
Phone No: 1-300 130 088
Facebook: https://www.facebook.com/GreatEasternMY
Instagram: https://www.instagram.com/greateasternmy/?hl=en
Highlights: Great Eastern SmartProtect Legacy Max is a premium investment-linked life insurance plan that offers you regular coverage and fully added bonus protections. With this life insurance plan, you can grow your wealth while protecting your loved ones. This life insurance protects you with coverage that starts from RM 500,000. In the unfortunate death of the insured, their beneficiaries will receive a 100% payout of the insured sum.
Life Insurance Name: Great Eastern SmartProtect Legacy Max
Increasing Sum Assured: Yes
Min Sum Assured: RM 500k
Max Coverage: 100 years
No Lapse Benefit: Yes
8. Zurich General Insurance Malaysia Berhad
Zurich General Insurance Malaysia Berhad was founded in 1872 and is a reliable insurance agency with 150 years of experience protecting its customers and assets. They offer a full range of insurance and takaful solutions ranging from life and general insurance products to Shariah-compliant family and general takaful plans.
Phone No: 1-300 888 622
Facebook: https://www.facebook.com/ZurichMYS
Instagram: https://www.instagram.com/zurichinsurance/?hl=en
Highlights: Zurich Essential Cover is a life protection plan that protects against unfortunate mishaps. This life protection plan comes with affordable premiums. It offers the flexibility to choose your preferred coverage terms and a basic sum assured, ranging from RM 20,000 to RM 300,000 to meet your protection goal better. Furthermore, Zurich Essential Cover comes with benefits on death, total and permanent disability, and golden age disability.
Life Insurance Name: Zurich Essential Cover
Increasing Sum Assured: No
Min Sum Assured: RM 20k
Max Coverage: 100 years
9. Tokio Marine Insurance (Malaysia) Berhad
Tokio Marine Insurance (Malaysia) Berhad was established in 1979 and was the first insurance company in Japan. Tokio Marine Insurance (Malaysia) Berhad strives to do what is best for customers, employees and society. Over the decades, this insurance agency has grown, offering an extensive selection of general and life insurance products and solutions in 46 countries and regions worldwide.
Phone No: 03-2059 6188
Facebook: https://www.facebook.com/tokiomarine.my/
Instagram: https://www.instagram.com/tokiomarine/?hl=en
Highlights: TokioMarine-Life Treasure is a life insurance that offers protection up to the age of 99. The premium is charged at a flat rate and stays the same throughout the entire coverage term. This life insurance is a traditional whole life insurance covering accidental and non-accidental death while providing maturity benefits.
Life Insurance Name: TokioMarine-Life Treasure
Increasing Sum Assured: No
Max Coverage: 99 years
10. Gibraltar BSN Life Berhad
Gibraltar BSN Life Berhad is one of Malaysia’s fastest-growing life insurance companies. They have been operating for over 60 years and have provided affordable protection solutions accessible to Malaysians from all walks of life. They partner with Bank Simpanan Nasional, a brand with a solid financial heritage in Malaysia. Furthermore, on 13th January 2020, Gibraltar BSN was named Malaysia’s Digital Insurer of the Year by the regional insurance publication InsuranceAsia News.
Phone No: 1-300 226 262
Facebook: https://www.facebook.com/GibraltarBSN/
Instagram: https://www.instagram.com/gibraltarbsn/?hl=en
Highlights: Gibraltar BSN GoProtect is a life insurance plan offering coverage for death, accidental death, and total and permanent disability. Both death and accidental death benefits offer you coverage until age 100. As for total and permanent disability, you will be covered up to 70 years old. Furthermore, in either case, 100% of the basic sum assured shall be payable.
Life Insurance Name: Gibraltar BSN GoProtect
Increasing Sum Assured: Yes
Max Coverage: 100 years
No Lapse Benefit: Yes
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Disclosure: This list was compiled by the team at My Weekend Plan after extensive research and shared opinions to suggest helpful recommendations for the public. The sequence of brands is in no particular order so if you have any other great suggestions too, please email us support@myweekendplan.com.my. For more information, kindly refer to our copyright, privacy & disclosure policy.
