According to the old maxim; health is indeed wealth and trying everything possible to secure it, is paramount – and for that, this guide will provide you with the 7 Best Health Insurance Companies in Malaysia.
But with numerous insurance advisors claiming to have the perfect offers, how does one choose the best one?
Whether you reside in Malaysia or intend to take an adventure there.
Malaysia has a highly rated health care system, especially in bigger cities like Kuala Lumpur.
And was ranked 49 by WHO, for Overall Health System Performance.
As a means to appoint itself as the best health tourism destination, it provides exceptional health care for local residents and expatriates.
Several medical experts in the areas of ophthalmology, gastroenterology, as well as plastic, and general surgery are gurus in their respective fields
However, before citing the list of the 7 best health insurance companies in Malaysia, let’s evaluate some important elements.
What is Health Insurance?
Health insurance is a contract between an insurance firm and a customer. The company agrees to pay all or some of the insured’s healthcare expenses.
In return, there is a monthly premium fee by the client.
The plan runs for a year, that is it is a one-year agreement.
During this period, the insurance company will pay for all medical expenses related to illness, injury or accident, pregnancy, and avoidable health measures.
In essence, health insurance settles most medical and surgical bills and precautionary care expenses sustained by the insured person.
Usually in return for a monthly premium fee.
Typically, the more the monthly premium, the lesser the fees the insured person would pay.
Nearly all insurance plans have deductibles and shared expenses but these co-payments are now regulated by federal law.
Why Do I Need Health Insurance in Malaysia?
Health insurance is vital for numerous reasons and they will be analyzed extensively as follows:
1. Increasing Health Bills
Owing to the staggering economy and the rising costs for basic life needs, the expenses spent on health are increasing annually. Consequently, individual clients who are in dire need of urgent healthcare end up exhausting their savings.
This has a huge hindrance to their plans. However, with health insurance situations like this will be surmounted
2. Attain Mental Serenity
The number of things to worry about in this world is unlimited, with accruing health expenses being part of it. However, taking out health insurance will help restore your peace of mind when an unexpected health crisis strikes.
With it, you will be less concerned about inflating medical bills and hence be safeguarded in the case of an emergency.
3. Enjoy Additional Benefits
The majority of health insurance providers offer you significant benefits which include:
- Coverage for underlying health conditions
- Payment Made by the health insurer for both inpatient and outpatient care
- Discounts for family healthcare
7 Best Health Insurance Companies in Malaysia
1) AXA eMedic
If you haven’t taken up insurance plans before, or lost on where to start, AXA’s eMedic health insurance plan is the go-to call in Malaysia for you.
The company provides online health cards that are easily accessible with affordable coverage away from expensive healthcare expenses.
Getting this AXA health insurance is very simple. All you need to do is to make an application online, with no medical checkup demanded. Other health insurers will request you get a medical checkup.
Although it is simple to get and cost-effective, this doesn’t make it fall short of other health insurance benefits.
Clients who take out their policy get to enjoy limitless days of room and board accommodation. Coupled with easily attainable cashless admission at panel hospitals.
Additionally, there is coverage for babies aged 15-49, as well as the AXA eMedic Family Plan. Visit Website.
Why Choose AXA eMedic?
- Easy and convenient for people who are new to insurance
- Online application process with cost-effective coverage plans
- No medical checkup needed
- Limitless room and board accommodation
- Cashless admission at panel hospitals
- Available even for babies aged 15-49
- Available Family Plan
Address: Ground Floor, Wisma Boustead, 71, Jln Raja Chulan, Bukit Ceylon, 50200 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia
2) PRUValue Med
PRUValue Med is a health insurance provider that can be connected with Prudential’s regular premium investment, PRUWith You. This insurer is ideal for clients who don’t like to have several investment plans to manage.
It compensates health costs for outpatient treatments and even hospitalization. Furthermore, PRUValue Med has benefits that make it special.
Despite being a more convenient health plan to manage compared to several others, its benefits are numerous. Some of which are; can be bought for your unborn child (14 weeks into pregnancy). And will take care of their health needs up to age 100.
PRUValue Med health plan has no yearly or lifetime limits. Additionally, your premiums are directly proportional to your coverage. Visit Website.
Why Choose PRUValue Med?
- Coverage for all your medical expenses
- Extra benefits with no annual or lifetime limits
- The policy can be bought 14 weeks into pregnancy
- Coverage up to age 100
- Premiums increase coverage
Address: Ground Floor, Menara Prudential, Persiaran TRX Barat, 55188 Tun Razak Exchange, Kuala Lumpur
3) Etiqa e-Medical Pass Takaful
Etiqa e-Medical Pass Takaful is another top health insurance firm in Malaysia that takes pride in its cost-effective, swift, and simple provisions.
To get started, you only need to answer 3 health questions online, with no medical checkup demanded.
While this best health insurance in Malaysia is easily obtainable, it as well offers coverage for hospitalization and surgical payments.
There is nothing like insufficient health coverage with Etiqa e-Medical Pass Takaful, also there is no lifetime limit to this policy.
To make the whole quoting process easier, you can simply make a mobile application and their GPS locator easily directs you to the nearest Etiqa panel hospital with just one or two quick clicks.
Their customer support hotline is available 24/7 to offer you Guarantee Letters so you can get your treatment without having to make any payments. Visit Website.
Why Choose Etiqa e-Medical Pass Takaful?
- Affordable, swift, and reliable
- There is coverage for hospitalization and surgical bills
- Easily accessible Smartphone app with GPS locator for nearest Etiqa panel hospitals.
- 24/7 hotline to give Guarantee Letters so you make any payments
- Online application and no annual or lifetime limits
Address 1: Bangunan Etiqa, 18 & 20 Jalan Susur 1, Off Jalan Tun Abdul Razak, 80000 Johor Bahru Or,
Address 2: 23, Tingkat Bawah, Jalan Kundang, Taman Bukit Pasir, 83000 Batu Pahat
Read Also: 7 Best Health Insurance Companies in Germany
4) ManuHealth Elite
This is a leading and outstanding health insurance in Malaysia providing family coverage in one policy. The company makes you see the significance of putting your family first by offering lifetime coverage up to age 99.
ManuHealth Elite compensates you for medical expenses such as before and after hospitalization bills, specialized care, and so on.
Aside from this, you are eligible to over a hundred panel hospitals without stress, so you can receive the best health treatments.
Furthermore, no lifetime or annual limits. You also get an alternative health option advantage with no boardroom and I CU stay limit. Visit Website
Why Choose ManuHealth Elite?
- Availability of family coverage in a single policy
- Lifetime protection up to age 99
- Compensation for medical costs
- Stress-free admission to over a hundred hospitals
- There is no lifetime and high annual limit
- There is a second health choice benefit coupled with no limit on boardroom and ICU stay
Address: 12th Floor, Menara Manulife 6, Jalan Gelenggang Damansara Heights 50490 Kuala Lumpur
5) Allianz MediSafe Infinite+
If you seek extensive health insurance in Malaysia, the Allianz MediSafe Infinite+ plan is the best for you.
The company allows you to easily access admission to panel hospitals using your medical card. Aside from the basics, Allianz offers a reliable and thorough plan that covers genomic testing and prolonged outpatient cancer treatment.
With Allianz MediSafe Infinite+, you can enjoy limitless health coverage with no lifetime limits coupled with over RM2.5 million annual limit.
There is a refund of about 20 percent of insurance paid in the previous year and a compensation of about 50% increase of board advantages and hospital accommodations.
No claim benefits and clients have access to world experts for health choices. Coverage is also available for preborn entry of up to 14-35 months into pregnancy. Visit Website.
Why Choose Allianz MediSafe Infinite+?
- Thorough coverage with comprehensive cancer treatment inclusive
- Easy admission to hospitals
- No lifetime limit and up to RM2.5 million annual limit
- No Claim advantages and there is access to world-expert medical opinion
Address: Level 29, Menara Allianz Sentral, 203, Jalan Tun Sambanthan, Kuala Lumpur Sentral, 50470 Kuala Lumpur, Malaysia
6) ExpaCare Malaysia
Expacare is one of the world’s earliest-founded international health insurance firms. The company offers a broad range of flexible healthcare advantages for individuals with international lifestyles living and working overseas.
Commitment to giving top-quality personalized medical services you can rely on is Expacare one underlying forte.
Their relationship with several top international private health insurance organizations has made it convenient to provide an array of benefits.
Which not only fits a variety of client’s needs but also offers peace of mind to all nationalities in over 140 countries. Visit Website.
Why Choose ExpaCare Malaysia?
- Available on an individual, group, or corporate basis
- Provide peace of mind to all nationalities in over 140 countries
- Flexible top-quality healthcare benefits
Address: Jalan Ipoh, 51200 Kuala Lumpur, Malaysia
7) William Russell Malaysia
William Russell was established in 1992 by Inez and James Cooper, who set out to offer health, life, and income protection insurance for expats. Their plans are created to go with clients wherever they go.
Currently, the company offers a policy for customers in 160 countries around the globe with plans underwritten by AWP Health & Life SA.
The underwriters are part of the Allianz group of companies, the world’s biggest financial services group. William Russel is a highly successful insurer who prides itself on customer service. Visit Website.
Why Choose William Russell?
- Personalized Services
- More than Medical Insurance but also offers special needs of expats and frequent travelers, such as global life insurance.
- Robust Coverage for Cancer
- Large Hospital Network
Best Health Insurance Companies in Malaysia FAQs
How Much Does Health Insurance Cost in Malaysia?
A basic private health insurance plan for expats in Malaysia can range between RM100 to RM500 (approx. $22 and $113) per month. However, insurance costs fluctuate depending on many crucial factors, such as age, insurer, level of policy, coverage level, insurance duration, and health status.
Is It Possible To Make an Insurance Claim If I Have No Malaysian Bank Account?
Payment can be made to non-Malaysian bank accounts but bank charges will apply. Be aware that bank fees can be expensive and sometimes may go over your claimed amount.
Am I Covered by Health Insurance When Traveling Outside Malaysia?
No, the health insurance only covers you when you are seeking health treatment in Malaysia.
Although there are certain insurance company in Malaysia that covers travelers and expats.
However, If you are traveling overseas for personal reasons, you are encouraged to arrange your own health insurance to cover any health treatment and costs incurred abroad.
I am a Fresh Student and Just Entered Malaysia a Few Days Ago. Am I Covered?
Yes, you are covered by health Insurance from the day you arrive in Malaysia.