--- title: "Top 5 Best Medical Insurance & Takaful in Malaysia 2024" description: "Discover the top medical insurance and takaful plans in Malaysia for 2023. Find comprehensive coverage that matches your healthcare needs and budget." url: "https://www.mrmoneytv.com/articles/top-5-best-medical-insurance-takaful-in-malaysia-2023/" category: "Personal Finance" author: "Finlit" published: 2023-12-18 updated: 2025-10-07 source: "Mr Money TV" --- # Top 5 Best Medical Insurance & Takaful in Malaysia 2024 Discover the top medical insurance and takaful plans in Malaysia for 2023. Find comprehensive coverage that matches your healthcare needs and budget. ## Key takeaways - Mr Money TV's top 5 medical insurance and takaful picks in Malaysia are Prudential PRUValue Med, AIA A-Plus Health, FWD Medi First by BSN, Manulife Health Saver Benefit, and Takaful myClick MediCare. - Prudential PRUValue Med has no annual or lifetime limit, meaning unlimited coverage subject to policy terms, with 93 panel hospitals and coverage from 18 gestational weeks to 100 years. - FWD Medi First by BSN has the most panel hospitals on the list at 184, plus a RM200 Government Hospital Daily Cash Allowance, with annual limits from RM1m up to RM5m depending on the plan. - AIA A-Plus Health offers annual limits from RM500k up to RM2m and a Health Wallet that rewards policyholders with extra benefits if they stay healthy and go a year without claiming. - Manulife Health Saver Benefit has a high annual limit (RM1m up to RM2.2m) even on its lowest plan, though the editor notes it covers less than the others on the list. - Takaful myClick MediCare is the only non-investment-linked plan here, covering basic expenses at low cost (RM50k to RM100k annual limit), but 38% of the contribution is deducted upfront as the Wakalah fee. As [healthcare costs continue to rise](https://www.bnm.gov.my/documents/20124/2724769/ar2019_en_box5.pdf), choosing the right medical insurance or Takaful plan in Malaysia has become increasingly important.  In 2024, the variety and flexibility of policies available make it possible for individuals to find coverage that best suits their needs and financial situations. So here are the **top 5 medical insurance and takaful options in Malaysia.**  ### UPDATED (8 Oct 2025): #### Guess what? We launched our own budgeting app. #### Even better, a personal assistant on all your money matters, right inside your WhatsApp. #### It’s FREE - register [here](https://moneymama.co/). ## 1\. Prudential PRUValue Med Medical Card [![Prudential PRUValue Med Medical Card](../../assets/articles/top-5-best-medical-insurance-takaful-in-malaysia-2023/img-1.jpg)](https://www.prudential.com.my/en/?utm_source=google&utm_medium=cpc&utm_campaign=ad_my_en_pru_sem_leads_always-on_20230103_Brand-Generic&utm_term=prudential%20malaysia&gad_source=1&gclid=CjwKCAjwxNW2BhAkEiwA24Cm9Jc3pLWW8msxLCM9nqur25bkCKnrBLUX_0QB4hrfipWXj3y9s8JCIBoCmDQQAvD_BwE) [Apply Here!](https://www.prudential.com.my/en/products-riders/pruvalue-med/) ### Limits - Annual Limit: Not Applicable - Lifetime Limit: Not Applicable ### Coverage and Benefits Based on their [brochure](https://media.ringgitplus.com/pdf/insurance/Prudential+PRUValue+Med+Brochure.pdf), [![Prudential PRUValue Med Medical Card benefits](../../assets/articles/top-5-best-medical-insurance-takaful-in-malaysia-2023/img-2.png)](https://www.prudential.com.my/en/?utm_source=google&utm_medium=cpc&utm_campaign=ad_my_en_pru_sem_leads_always-on_20230103_Brand-Generic&utm_term=prudential%20malaysia&gad_source=1&gclid=CjwKCAjwxNW2BhAkEiwA24Cm9Jc3pLWW8msxLCM9nqur25bkCKnrBLUX_0QB4hrfipWXj3y9s8JCIBoCmDQQAvD_BwE) [![Prudential PRUValue Med Medical Card benefits](../../assets/articles/top-5-best-medical-insurance-takaful-in-malaysia-2023/img-3.png)](https://www.prudential.com.my/en/?utm_source=google&utm_medium=cpc&utm_campaign=ad_my_en_pru_sem_leads_always-on_20230103_Brand-Generic&utm_term=prudential%20malaysia&gad_source=1&gclid=CjwKCAjwxNW2BhAkEiwA24Cm9Jc3pLWW8msxLCM9nqur25bkCKnrBLUX_0QB4hrfipWXj3y9s8JCIBoCmDQQAvD_BwE) ### Coverage Age 18 gestational weeks - 100 years ### Number of Panel Hospitals 93 ### Investment-Linked Plan Yes ### My Review I think this health insurance is quite an **all-rounder**. It **covers most medical expense**s more than adequately and has an **investment-linked pla**n which is good for those who have a hard time saving on their own and a relatively **broad network of panel hospitals**.  The “not applicable” lifetime and annual limit is also quite reassuring because it means that the policy offers **unlimited coverage** for medical expenses, subject to other terms and conditions of the policy.  ## 2\. AIA A-Plus Health Medical Card [![AIA A-Plus Health Medical Card](../../assets/articles/top-5-best-medical-insurance-takaful-in-malaysia-2023/img-4.jpg)](https://www.aia.com.my/en/rethink-healthy.html?cmpid=pmax_my-aia-conventional_google_my-cam_google_aia_jul24_rethink-healthy-physical-mental-environmental_conv_img&gad_source=1&gclid=CjwKCAjwxNW2BhAkEiwA24Cm9J3peCtbAtH8SIph9WSaGQTLxMze9jJKlkfHpGhwJMXWZG8GEB60RxoCQwEQAvD_BwE) [Apply Here!](https://www.aia.com.my/en/our-products/health-protection/a-plus-health.html) ### Limits - Annual Limit: From RM500k up to RM2m, depending on chosen plan - Lifetime Limit: No Limit ### Coverage and Benefits Based on their [brochure](https://www.aia.com.my/content/dam/my-wise/document/health-protection-conventional/a-plus_health_brochure_4th_final.pdf), [![AIA A-Plus Health Medical Card benefits](../../assets/articles/top-5-best-medical-insurance-takaful-in-malaysia-2023/img-5.png)](https://www.aia.com.my/en/rethink-healthy.html?cmpid=pmax_my-aia-conventional_google_my-cam_google_aia_jul24_rethink-healthy-physical-mental-environmental_conv_img&gad_source=1&gclid=CjwKCAjwxNW2BhAkEiwA24Cm9J3peCtbAtH8SIph9WSaGQTLxMze9jJKlkfHpGhwJMXWZG8GEB60RxoCQwEQAvD_BwE) ![AIA A-Plus Health Medical Card benefits](../../assets/articles/top-5-best-medical-insurance-takaful-in-malaysia-2023/img-6.png) ### Coverage Age 14 days - 100 years ### Number of Panel Hospitals 94 ### Investment-Linked Plan Yes ### My Review Similar to the Prudential PRUValue Med Medical Card, this insurance is also quite an **all-rounder**. However, a really cool addition that AIA offers is their **Health Wallet** which rewards policyholders with **additional benefits** if they stay healthy and essentially go without claiming anything in a year.  One thing to note is that there are four plans you can consider and if you choose their lowest plan, Plan 150, your annual limit and certain coverages will be lower – which is expected.  So, it’s best to understand what kind of plan would be best for you in terms of coverage and budget.  ## 3\. FWD Insurance Medi First by BSN ![FWD Insurance Medi First by BSN](../../assets/articles/top-5-best-medical-insurance-takaful-in-malaysia-2023/img-7.png) [Apply Here!](https://www.fwd.com.my/medical-insurance-takaful/fwd-medi-first/) ### Limits - Annual Limit: From RM1m up to RM5m, depending on chosen plan - Lifetime Limit: No Limit ### Coverage and Benefits Based on their [brochure](https://www.fwd.com.my/files/v3/assets/bltca8cd6b067df6d1c/blt06e6f59dcdb5a943/650bb7fab72734a4c44987dd/PDS_FWD_Medi_First_\(ENG\)_-_v2.pdf?branch=capricorn), ![FWD Insurance Medi First by BSN benefits](../../assets/articles/top-5-best-medical-insurance-takaful-in-malaysia-2023/img-8.png) [![FWD Insurance Medi First by BSN benefits](../../assets/articles/top-5-best-medical-insurance-takaful-in-malaysia-2023/img-9.png)](https://www.fwd.com.my/files/v3/assets/bltca8cd6b067df6d1c/blt06e6f59dcdb5a943/650bb7fab72734a4c44987dd/PDS_FWD_Medi_First_\(ENG\)_-_v2.pdf?branch=capricorn) ### Coverage Age 30 days - 100 years old ### Number of Panel Hospitals 184 ### Investment-Linked Plan Yes ### My Review This insurance policy by BSN covers the standard medical expenses, although not by a lot but still a pretty good amount. One thing that I especially like is the **Government Hospital Daily Cash Allowance of RM200** which should be able to offset the cost of a regular doctor’s check-up. Among all the medical insurance and takaful on this list, this policy has the **most number of panel hospitals** (possibly because it’s BSN and has some ties to the government) which is a great thing, especially if you’re living on the outskirts of town. ## 4\. Manulife Health Saver Benefit + MHSB Booster ![Manulife Health Saver Benefit + MHSB Booster](../../assets/articles/top-5-best-medical-insurance-takaful-in-malaysia-2023/img-10.jpg) [Apply Here!](https://www.manulife.com.my/en/individual/products/health/medical-hospitalisation/manulife-health-saver-benefit.html) ### Limits - Annual Limit: From RM1m up to RM2.2m, depending on the chosen plan - Lifetime Limit: No Limit ### Coverage and Benefits Based on their [brochure](https://www.manulife.com.my/content/dam/insurance/my/documents/products/MHSB%20Booster%20Brochure_EngBM_140723.pdf), ![Manulife Health Saver Benefit + MHSB Booster benefit](../../assets/articles/top-5-best-medical-insurance-takaful-in-malaysia-2023/img-11.png) [![Manulife Health Saver Benefit + MHSB Booster benefit](../../assets/articles/top-5-best-medical-insurance-takaful-in-malaysia-2023/img-12.png)](https://www.manulife.com.my/en/individual.html) ### Coverage Age 30 days - 99 years old ### Number of Panel Hospitals 93 ### Investment-Linked Plan Yes ### My Review This insurance policy has a **really high annual limit** even if you choose the lowest plan which is pretty amazing. However, the coverage is not as comprehensive as the previous ones above.  With that being said, I think if you’re considering this policy, it’ll be a good idea to sign up for the MHSB Signature plan as the benefits are notably higher than the other three plans. Of course, this is if it fits your budget. ## 5\. Takaful myClick MediCare Medical Card [![Takaful myClick MediCare Medical Card](../../assets/articles/top-5-best-medical-insurance-takaful-in-malaysia-2023/img-13.png)](https://online.takaful-malaysia.com.my/Documents/MC/OSP/Takaful%20myClick%20MediCare%20PDS_v11.pdf) [Apply Here!](https://online.takaful-malaysia.com.my/medical-myClickMediCare) ### Limits - Annual Limit: From RM50k up to RM100k, depending on chosen plan - Lifetime Limit: Not Applicable ### Coverage and Benefits Based on their [brochure](https://online.takaful-malaysia.com.my/Documents/MC/OSP/Takaful%20myClick%20MediCare%20PDS_v11.pdf), ![Takaful myClick MediCare Medical Card benefit](../../assets/articles/top-5-best-medical-insurance-takaful-in-malaysia-2023/img-14.png) ### Coverage Age From 30 days ### Number of Panel Hospitals 98 ### Investment-Linked Plan No ### My Review This medical takaful policy covers the very basic medical expenses at a relatively low cost. And since it’s a takaful plan, 38% of the contribution is deducted upfront as the Wakalah fee and it’s not an investment-linked plan.  Personally, I think this policy is good enough if you’re young or just started working but as you get older, getting a more comprehensive plan would be best as the risk of falling sick is higher. ## Which Medical Insurance or Takaful Is The Best For You in Malaysia? Ultimately, choosing the best medical insurance or takaful in Malaysia depends on six factors: ### Budget and Affordability Determine how much you can comfortably spend on premiums and consider plans within your budget. ### Healthcare Needs Assess your healthcare needs based on age, health conditions, family history, and lifestyle. ### Coverage Scope Look for a plan that covers essential medical services you might need, including hospitalization, surgery, outpatient services, and any specific treatments. ### Network of Hospitals Consider the network of panel hospitals and whether they are accessible and meet your standards. ### Additional Benefits Evaluate any extra benefits like health screenings, wellness programs, or international coverage. ### Policy Terms Understand the terms, including limits, exclusions, claim processes, and renewal conditions. Personally, I think the best choice for you is one that will balance cost, coverage, and convenience according to your circumstances and preferences. *Subscribe to our* [***financial newsletter***](https://www.mrmoneytv.com/) *for the latest news, insights, and advice on personal finance, investing, and more. With every email, you’ll gather the confidence and knowledge to make informed decisions to achieve your financial goals.*