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Medical insurance helps cover the cost of hospitalisation and treatment, or helps you financially if you experience an illness or an accident.
With a medical insurance plan, the payout doesn’t go directly to you. Instead, the payout will be used to cover your hospital bills.
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Every adult needs medical insurance coverage. Medical costs are high and are increasing every year. A medical insurance policy will help pay for the costs of medical treatment or hospitalisation, so you don’t have to pay these costs out of your own pocket.
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The most popular type of medical insurance is hospital and surgical – you may also know it as a ‘medical card.’ Other types of plans may give you a lump sum payout.
Types of medical insurance
Description
Hospital and surgical
Covers the costs of treatment or surgery when you are admitted to a hospital.
Critical illness
Gives you a lump sum payout if you are diagnosed with one of the covered critical illnesses.
Hospital income
Gives you a specific amount of income (e.g. RM100) for each day you are hospitalised.
Personal accident
Gives you a lump sum payout in the event of death or disability due to an accident.
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The cost of medical insurance depends on your individual age, health risks and your chosen product's coverage and terms. The cost can range from RM100 to over RM300 per month on average.
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There are two types of medical cards: a standalone medical card, and a medical card rider. Here are some of the differences:
Standalone medical insurance plan
Medical card rider
Policy
Is sold as a standalone policy
Is sold as a rider that is attached to a main plan, such as an investment-linked policy (ILP)
Premium
Premium
If purchased with an ILP, premiums don’t increase with age (but may be adjusted to keep up with medical inflation)
Affordability
Generally cheaper
Generally more expensive
Cash value
None
May have cash value generated from investment returns
Getting a medical rider that comes with an investment-linked life insurance policy can be a good idea if you have dependents who rely on you financially, or if you need an all-in-one life and medical plan that covers your family too.
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Benefits vary from one product to the next. Medical insurance can help to:
- Cover the costs of treatment or surgery when you are admitted to a hospital
- Cover the costs of medical emergencies
- Get a specific amount of income (e.g. RM100) for each day you are hospitalised
- Covers pre and post-hospitalisation expenses for covered medical services
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Medical costs are high, and they are increasing every year. A medical insurance plan helps you cover these costs.
When choosing medical insurance, remember that some policies don’t cover pre-existing conditions, so make sure to check the fine print or ask your agent before subscribing.
To choose the right medical insurance, you should look out for:
1. Enough coverage.
The plan should be sufficient to cover your treatment costs. If you are an employee, you may have company medical insurance, but it will come with limits in coverage.
2. Affordability.
Have a budget in your mind. Some plans come with increasing premium as you age, while some are maintained throughout. It would be wise to take note of this to prevent getting a shock later.
3. Claims process.
Take note of what is covered and not covered under your policy. Know all the documents and forms you need to submit to the insurer.
Best Medical Insurance
Stay protected from the unexpected.
![Medical Insurance](https://www.imoney.my/img/c/124-category_default.jpg)
Showing out of 8 insurance product(s)
Featured
- Annual Limit
- Up to RM1,400,000
- Lifetime Limit
- Up to RM4,200,000
- Hospitalisation Benefit
- Up to RM400 Per day
- Panel Hospitals
- 156 Panel
- Annual Limit
- Up to RM5,000,000
- Lifetime Limit
- No Limit
- Hospitalisation Benefit
- Up to RM500 Per day
- Panel Hospitals
- 156 Panel
- Annual Limit
- Up to RM150,000
- Lifetime Limit
- No Limit
- Hospitalisation Benefit
- Up to RM250 Per day
- Panel Hospitals
- 150 Panel
- Annual Limit
- Up to RM60,000
- Lifetime Limit
- No Limit
- Hospitalisation Benefit
- Up to RM250 Per day
- Panel Hospitals
- 150 Panel
- Annual Limit
- Up to RM8,000,000
- Lifetime Limit
- Up to RM16,000,000
- Hospitalisation Benefit
- Up to RM800 Per day
- Panel Hospitals
- 156 Panel
- Annual Limit
- Up to RM60,000
- Lifetime Limit
- No Limit
- Hospitalisation Benefit
- Up to RM500 Per day
- Panel Hospitals
- 103 Panel
- Annual Limit
- Up to RM250,000
- Lifetime Limit
- No Limit
- Hospitalisation Benefit
- None
- Panel Hospitals
- 103 Panel
- Annual Limit
- Up to RM150,000
- Lifetime Limit
- No Limit
- Hospitalisation Benefit
- Up to RM250 Per day
- Panel Hospitals
- 50 Panel
- Annual Limit
- Up to RM2,000,000
- Lifetime Limit
- No Limit
- Hospitalisation Benefit
- Up to RM2,000 Per day
- Panel Hospitals
- 50 Panel
- Annual Limit
- Up to RM200,000
- Lifetime Limit
- No Limit
- Hospitalisation Benefit
- Up to RM170 Per day
- Panel Hospitals
- 103 Panel
- Annual Limit
- Up to RM100,000
- Lifetime Limit
- No Limit
- Hospitalisation Benefit
- Up to RM200 Per day
- Panel Hospitals
- 103 Panel
GREAT Medic Shield 2 + GREAT Medic Million Extender 2
Comprehensive Medical and Hospitalisation Plan
- Annual Limit
- Up to RM1,500,000
- Lifetime Limit
- No Limit
- Hospitalisation Benefit
- Up to RM200 Per day
- Panel Hospitals
- 103 Panel
- Annual Limit
- Up to RM200,000
- Lifetime Limit
- No Limit
- Hospitalisation Benefit
- Up to RM200 Per day
- Panel Hospitals
- 103 Panel
iMedi Rider & iMedi ExPlus Rider
An innovative medical plan that protects you now and for future healthcare needs
- Annual Limit
- Up to RM2,000,000
- Lifetime Limit
- No Limit
- Hospitalisation Benefit
- Up to RM300 Per day
- Panel Hospitals
- 103 Panel
- Annual Limit
- Up to RM4,000,000
- Lifetime Limit
- No Limit
- Hospitalisation Benefit
- Up to RM400 Per day
- Panel Hospitals
- 105 Panel
- Annual Limit
- Up to RM2,000,000
- Lifetime Limit
- No Limit
- Hospitalisation Benefit
- Up to RM600 Per day
- Panel Hospitals
- 105 Panel
- Annual Limit
- Up to RM100,000
- Lifetime Limit
- No Limit
- Hospitalisation Benefit
- Up to RM150 Per day
- Panel Hospitals
- 105 Panel
- Annual Limit
- Up to RM150,000
- Lifetime Limit
- No Limit
- Hospitalisation Benefit
- Up to RM250 Per day
- Panel Hospitals
- 105 Panel
APlus Total Health
A health plan that provides a comprehensive medical coverage for you and your loved ones.
- Annual Limit
- Up to RM2,000,000
- Lifetime Limit
- No Limit
- Hospitalisation Benefit
- Up to RM500 Per day
- Panel Hospitals
- 105 Panel
APlus Total Health
A Takaful health plan that provides a comprehensive medical coverage for you and your loved ones.
- Annual Limit
- Up to RM2,000,000
- Lifetime Limit
- No Limit
- Hospitalisation Benefit
- Up to RM500 Per day
- Panel Hospitals
- 105 Panel
- Annual Limit
- Up to RM45,000
- Lifetime Limit
- No Limit
- Hospitalisation Benefit
- None
- Panel Hospitals
- 132 Panel
- Annual Limit
- Up to RM20,000
- Lifetime Limit
- No Limit
- Hospitalisation Benefit
- Up to RM540 Per day
- Panel Hospitals
- 132 Panel
- Annual Limit
- Up to RM2,000,000
- Lifetime Limit
- No Limit
- Hospitalisation Benefit
- Up to RM600 Per day
- Panel Hospitals
- 132 Panel
- Annual Limit
- Up to RM2,000,000
- Lifetime Limit
- No Limit
- Hospitalisation Benefit
- Up to RM500 Per day
- Panel Hospitals
- 132 Panel
- Annual Limit
- Up to RM350,000
- Lifetime Limit
- No Limit
- Hospitalisation Benefit
- Up to RM280 Per day
- Panel Hospitals
- 132 Panel
Manulife Health Saver Benefit + MHSB Booster
A medical plan that provides you with enhanced coverage
- Annual Limit
- Up to RM4,200,000
- Lifetime Limit
- No Limit
- Hospitalisation Benefit
- Up to RM250 Per day
- Panel Hospitals
- 95 Panel
- Annual Limit
- Up to RM1,000,000
- Lifetime Limit
- No Limit
- Hospitalisation Benefit
- Up to RM200 Per day
- Panel Hospitals
- 138 Panel
- Annual Limit
- Up to RM320,000
- Lifetime Limit
- Up to RM1,600,000
- Hospitalisation Benefit
- Up to RM500 Per day
- Panel Hospitals
- 115 Panel
Last updated: Jul 31, 2024
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