We take over the hassle of finding a medical insurance in Malaysia that suits you best.
We understand that the living cost in Malaysia is high. With that understanding, we are constantly on the look out to find you the cheapest plan – from as low as RM30/month.
With our numerous plans – bronze, silver, gold and platinum, you can ensure that you get the optimal coverage with your budget. We promise to help you filter out the noise so that you don’t have to pay for what you don’t need.
What better ways to protect yourself and your finances than having a protection plan against the latest pandemic. With an insurance plan that provides coverage against Covid-19, you can sleep soundly at night knowing that you are financially protected.
Getting a medical insurance in Malaysia can be a daunting task but it doesn’t have to be. With PolicyStreet, you can ensure that we will assist you with the comparisons and getting the best deal for you for FREE.
PolicyStreet is a financial advisor approved by Bank Negara Malaysia (Central Bank of Malaysia).
As our services are FREE, you will not incur any hidden fees when you compare and purchase your insurance.
If you show that our competitors are offering a lower price, we will either match that price or beat it.
You can rest assured that you are in safe hands as over 100,000 Malaysians have sought help from us.
It is a type of insurance that will help cover your medical bills (hospitalization, consultation, surgery, treatment, medical supplies, and medication).
Medical insurance in Malaysia is important to help you protect your finances. Should you ever fall sick or get injured, it will be your guardian angel by paying all your medical bills that are inclusive of hospital room, consultation, surgery, treatment, medical supplies, and medication. Other than that, it will also help you if you get sick or become disabled and can no longer work by giving you disability income.
The future is not something that we have any control over, hence it is better to be prepared for any unexpected events. Buying it now means not harming your savings in the future.
Medical insurance in Malaysia covers hospitalization and surgery, critical illness, disability income, and hospital income.
|Types||Life Insurance||Medical Insurance|
|Function||Protects your family members financially upon your death to help them maintain their lifestyle||Covers the medical expenses of you and/or your family members|
|Benefit||Your dependent will be paid with the sum assured||The medical expenses are subject to the annual/ lifetime limit|
|Coverage||Covers your financial obligations if you cannot work due to disability, or provides the sum assured to your dependent upon your death||Covers hospitalization, consultation, surgery, treatment, medical supplies, and medication fees|
You SHOULD get your own medical insurance. Why? There are 3 main reasons why:
The main difference between group insurance and individual insurance is the coverage limit, and generally, the coverage limit for group medical insurance is lower. This might not be sufficient to pay for your medical bills and you might have to fork out your own money from your savings.
Your coverage and benefits are not permanent. Your employer is the owner of your policy, and they have the sole right to change your plan. This means that your plan could be downgraded, and you will receive even lower coverage and lesser benefits that might not be enough to cover your medical bills.
Employee Benefits means you are insured by the policy only if you are employed. What if you are laid off or want to quit your job? You will no longer be covered by your insurance. If anything happens during that time, you will have to bear the medical expenses and you might have to be forced to use your savings.
You should get it as young or as early as you can! This is because the younger you start, the cheaper the premium rate! Other than that, starting early means you can be flexible about getting a more comprehensive plan that suits your needs and budget since you are less likely to develop critical illnesses. Furthermore, this is also to help you get early protection from lifestyle diseases like stroke, heart diseases, diabetes, and high blood pressure.
These are the most crucial things to ask your insurer before deciding to buy for you and/or your family:
Some insurers require a medical check-up prior to buying medical insurance in Malaysia from them and some other insurers do not. For confirmation, check with your preferred insurers.
Yes, you are still eligible but please note that your pre-existing illness will not be covered by your insurance for a duration of time (depending on the health and risk assessment by your insurer).
There are various types of medical insurance policies in Malaysia, such as:
Yes, you can change your plan within the same insurer! Make sure to get in touch with your insurer to ensure the smoothness of the process.
Yes, you can change your insurer within the same policy year. Make sure to get in touch with your insurer to ensure the smoothness of the process.
Yes, you can cancel your policy at any time! Make sure to get in touch with your insurer to ensure the smoothness of the process.
Yes, your policy will expire! It is best to renew your policy on time to make sure you are well-protected. Renew with us to make your renewal experience hassle-free!
You can renew your policy with your insurance provider on their website, through your agent, OR us on our website! Renewing with us is so much easier and what else? You get to save your money!
It depends on the waiting period for each insurer, and it usually ranges between 14 days to 1 year. For confirmation, check with your preferred insurers.
If you are diagnosed with an illness during this period, it will not be covered by your insurance for a duration of time (depending on the health and risk assessment by your insurer).
If you get sick during this period, it will not be covered by your insurance, and you will have to bear the medical expenses.
Yes. You can opt to include your family members under the same policy.
Some insurers also cover visits to GP clinics and some other insurers do not. For confirmation, check with your preferred insurers.
For emergency cases, you can go to non-panel hospitals and still be covered, but it will be on a reimbursement basis.
No, medical insurance in Malaysia does not cover COVID-19. But some insurers offer stand-alone coverage for COVID-19. Check with your preferred insurers.
These are the common exclusions:
A lot of factors can affect your premium. Also, it ranges between different plans by different insurers. The lowest monthly premium rate that you can find is RM37/ month! To know more about the rates, visit us here!
These are the factors that can affect your premium rate:
Different insurers offer different modes of payments, but generally, they accept:
Yes! You can pay your premium monthly!
Starting early means cheaper premium rates since you are less likely to develop critical illnesses.
Consult your agent and do some research before buying. Avoid paying a good chunk of money for coverage that you do not actually need.
Deductible is the amount that you pay prior to getting insured. Paying more in deductible means paying less in your monthly installment.
We can help you find the most affordable plan by comparing across different insurers to make sure that you find the one that suits your needs in 1 minute.
The best way to buy in Malaysia is through online on PolicyStreet. We are a financial advisor approved by Bank Negara Malaysia that will help you save your time and money. We compare different plans by different insurers to make sure that you find the one that suits your needs in 1 minute!
Generally, there are two ways that your policy pays for your medical bills (depending on your plan): Cashless or reimbursement basis.
Cashless basis lets you flaunt your medical card, along with your Guarantee Letter and you are good to go! But on a reimbursement basis, there are some steps to be taken after you are discharged:
You are lucky if your plan is on a cashless basis! Why? Because you do not have to go through the claiming process once you are discharged. But, in certain situations (your plan is on a reimbursement basis, you were not provided with a Guarantee Letter, or you went to non-panel hospitals), you still need to go through the process. Do not worry, the process is relatively simple, and this is how you do it:
Yes, you can get a discount (also known as No Claim Bonus). The amount you will receive differs among different insurers. Check with your preferred insurers.
It depends on your plan. Most insurers allow an unlimited number of claims as long as it is within your annual limit. For confirmation, check with your preferred insurers.
|Annual limit||Lifetime limit|
|The maximum claimable amount for each policy year.||The maximum claimable amount for a lifetime, as long as your policy is still valid.|
If you fully utilize your annual/lifetime limit, your medical insurance will no longer pay for your medical bills. Any exceeding amount will be borne by you.
No. The only way to increase your annual and lifetime limits is by changing to another plan that offers higher annual and lifetime limits.
Sum insured in the amount of money that will be paid to you by your insurer in the event of the unpredictable.