Embark on Your Journey with Us
Medical Insurance
Critical Illness (CI)
Life / Total Permanent Disability (TPD)
Long-term Care
Personal & Family Financial Risk Management
Family Business Succession
Business Buy-Sell for Partners & Shareholders
Keyman Contingency Plans
Employee Benefits for Businesses
Business Contingency & Succession Planning
Fund Investments
Fixed-rate Deposits
Investments & Wealth Accumulation
Medical Insurance
Medical costs in Malaysia are rising quickly. Many people walk into hospitals without the protection of medical insurance and end up with a bill that eats into their savings.
In recent years, our country has faced medical inflation of around 13% to 14% annually (Source: The Edge). For instance, an open-heart surgery cost about RM 30,000 in the year 2000, but the cost has more than doubled to RM 62,000 in 2015. As treatment fees increase, insurance companies have also raised their premiums. In some cases, premiums have increased by over 40% in a single year, causing many insurance holders to cancel or downgrade their coverage (Source: Khazanah Research Institute).
Take a moment to ask yourself, if an unexpected illness or accident happened tomorrow, could you afford the medical expenses without coverage?
Healthcare can be expensive, and even a short hospital stay can cost a lot (Source: The Gamechangers). That’s why medical insurance is so important. It helps cover the cost of healthcare services such as doctor visits, hospital stays, surgeries, and medications. It protects individuals from high, out-of-pocket expenses during illnesses or accidents. With the right medical coverage, individuals can receive quality care without worrying too much about the cost.
According to the Ministry of Health (MOH)’s "Direct Health-Care Cost of Noncommunicable Diseases in Malaysia" report, in 2017, the direct healthcare costs for just three major Non-Communicable Diseases (NCDs) like heart disease, diabetes, and cancer amounted to an estimated RM 9.65 billion nationally (Source: MOH). In the same year, Malaysians paid a significant 37.6% of total health expenditure directly out-of-pocket. Even for those using private facilities, the average annual out-of-pocket expense was around RM 462.65, as reported by the National Health and Morbidity Survey (NHMS) 2023 (Source: NHMS). These figures highlight how crucial comprehensive medical insurance is to significantly reduce your personal financial burden and ensure you can access quality care when you need it most.
Let’s ensure you and your loved ones are protected, connect with us to learn how we can help.
Critical Illness (CI)
Critical illnesses like cancer, heart disease, and stroke are the major health and financial threats in Malaysia. In 2022, critical illness was the second-highest claim payout for Prudential, totaling RM222 million, with an 11% increase from the previous year (Source: Prudential). Cancer was the leading cause, accounting for RM145.87 million in claims. Therefore, with rising cases of cancer and the increasing cost of treatment, critical illness insurance plays an important role in providing financial protection.
Even with medical insurance, not all expenses are covered, like income loss, alternative treatments or home adjustments during recovery. This is where critical illness insurance makes a difference. It provides a lump-sum payment if the insured is diagnosed with a serious illness like cancer, heart attack or stroke. It is designed to ease financial burdens during recovery and treatment so that individuals can focus on recovery, rather than worry about medical bills, lost income or access to the care they need most.
Let’s take the first step together. Reach out to explore how our care and expertise can support your journey toward greater peace of mind.
45 Critical Illness Commonly Covered in Malaysia:
Heart Disease
• Heart Attack
• Other Serious Coronary Artery Disease
• Coronary Artery By-Pass Surgery
• Heart Valve Surgery
• Surgery To Aorta
• Primary Pulmonary Arterial Hypertension
• Severe Cardiomyopathy
• Angioplasty & Other Invasive Treatments for Major Coronary Artery Disease
Brain Disease
• Stroke
• Encephalitis
• Bacterial Meningitis
• Parkinson’s Disease
• Alzheimer’s Disease
• Multiple Sclerosis
• Major Head Trauma
• Benign Brain Tumor
• Brain Surgery
• Coma
• Motor Neuron Disease
• Muscular Dystrophy
• Paralysis / Paraplegia
Chronic Disease
• End Stage Liver Failure
• End Stage Lung Disease
• End Stage Kidney Failure
• Chronic Aplastic Anemia
• Major Organ / Bone Marrow Transplant
• Loss Of Independent Existence (LIE)
• Fulminant Viral Hepatitis
• Cancer
• Full Blown Aids
• HIV Due to Blood Transfusion
• Occupationally Acquired Human Immunodeficiency Virus (HIV) Infection
• Systemic Lupus Erythematosus with Lupus Nephritis (SLE)
Other Disease
• Blindness / Total Loss of Sight
• Deafness / Total Loss of Hearing
• Loss Of Speech
• Major Burns
• Medullary Cystic Disease
• Terminal Illness
• Apallic Syndrome (i.e. Persistent Vegetative State (PVS)
• Poliomyelitis
• Progressive Scleroderma
• Chronic Relapsing Pancreatitis
• Elephantiasis
• Creutzfeldt-Jakob Disease (Mad Cow Disease)
Life Insurance
Life is full of uncertainties, and the "Statistics on Causes of Death", Malaysia, 2024 reflect that reality (Source: Department of Statistics Malaysia).
In 2023, Malaysia recorded 196,965 deaths, with pneumonia, ischemic heart disease, cancer and transport accidents among the top causes. For those aged 41 to 59, heart disease alone accounted for 19.8% of deaths, while for people aged 15 to 40, transport accidents made up a striking 20.1% of deaths. These numbers show how sudden illness or accidents can take lives unexpectedly and it’s not always about age. That’s why life insurance is very important.
Life insurance is a financial protection plan that ensures dependents are supported in the event of the policyholder’s passing. It offers long-term security for loved ones and helps maintain their quality of life, especially in the absence of a primary income source. It can be used to settle outstanding debts, cover funeral expenses and provide ongoing financial stability for beneficiaries.
If you are wondering how life insurance can protect the ones you love, we are here to guide you. Reach out to explore your options with us.
Long-Term Care Insurance
Malaysia is rapidly transforming into an ageing society. In 2023, 7.4% of Malaysians were aged 65 and above, and this proportion is expected to exceed 15% by 2030 (Source: The Asean Magazine). As more people live longer, many will eventually need support with everyday activities due to health decline or chronic conditions. However, a study focusing on elderly residents in Kuala Lumpur and Selangor found that 75.5% of elderly Malaysians are not financially prepared to afford long-term care (Source: Monash University). Services like assisted living, home nursing or full-time caregivers can be very expensive, placing significant strain on both individuals and their families.
With longer life expectancies, the demand for long-term care is increasing. Hence, Long-Term Care Insurance is designed to support an individual’s when help is needed with daily activities due to aging, illness or disability. It provides financial coverage for services such as adult day care, or care in a nursing facility which is not typically covered by standard health insurance. Additionally, this insurance provides a solution to ensure access to proper care without heavily relying on family members or personal savings, offering dignity, comfort and peace of mind during the later stages of life.
Connect with us to explore how the right coverage can support your future and bring peace of mind to those who matter most.
Family Business Succession
Planning to pass your business to the next generation?
Passing it down can be both meaningful and complex. A well-crafted family business succession plan ensures a successful transition of leadership and ownership, so your legacy continues to thrive. We’re here to help you create a clear, thoughtful plan that preserves relationships, protects your vision, and keeps your business strong for years to come.
Business Buy-Sell for Business Partners & Shareholders
What happens when a business partner retires, becomes disabled, or passes away?
Without a clear plan, these situations can lead to uncertainty, conflict, or disruption. A Buy-Sell Agreement is a legally binding contract that outlines how ownership will be transferred when such events occur. Our Buy-Sell Planning service helps you establish a legally binding agreement that defines how ownership shares will be handled during such transitions. This protects all parties involved, ensures business continuity and gives everyone peace of mind so your business can move forward with clarity and confidence.
Keyman Contingency Plan
Every business has key people who keep things running, like founders, top executives or specialists, whose absence could disrupt operations or impact profits.
Our Keyman Insurance solutions provide financial protection if something unexpected happens to one of these essential people. With the right plan in place, your business can manage the loss, cover expenses, and move forward with stability and confidence.
Employee Benefits for Businesses
Attracting and keeping good employees is essential. We help you design employee benefit packages, from health coverage to retirement plans that support your team’s well-being and show that you care. It’s a thoughtful way to build loyalty and a happier workplace.
Will Writing
Many people do not have awareness regarding estate planning partially because they have the mindset of “I’m still young, I still have time” or “I don’t have a lot of money, it’s unnecessary”. However, estate planning is not only for the old and rich, but should be implemented by everyone. Will writing in Malaysia is an important part of estate planning that ensures your assets are handled and passed on as intended.
Failing to make proper estate planning arrangements can cause legal issues and lengthy waiting periods for family members and loved ones. A lack of a will also means that the deceased will be deemed as having died intestate. Thus, assets are not distributed according to the deceased’s wishes, but rather according to the Distribution Act 1958 (Source: Wenjie & Co.). Due to the lack of a will, beneficiaries might not even know that there are assets to claim. As stated in The Malaysian Reserve by the Malaysian Institute of Estate Planners (MIEP) president See Kok Leong, there is more than RM90 billion worth of unclaimed assets nationwide, and an estimate of 80% of Malaysians do not possess valid wills. (Source: The Malaysian Reserve). According to a case study, these unclaimed assets include unclaimed money in banks, EPF monies, and life insurance monies to name a few (Source: Journal of Wealth Management & Financial Planning).
Fun Fact: Did you know that a will is automatically revoked upon marriage? If an individual makes a will while single, that will is automatically revoked when they get married unless the will was made in contemplation of that specific marriage (Source: Shang & Co.). The validity of a will is only affected by marriage, not by divorce.
Ready to start making your estate planning arrangements? Contact us to get started.
Family Trust
Commonly coupled with a will is a trust. A trust is another tool used to facilitate estate planning in Malaysia that is regulated by the Trustee Act 1949 (revised 1978) and other related laws. The main purpose of a trust is to regulate the distribution of one’s assets by dictating the “how, when, and who”. How will these assets be distributed? When will they be distributed? Who will handle them? A trust, particularly a family trust, is implemented to ensure that these questions are answered, and to provide protection and guidance to beneficiaries.
When minor children, elderly parents, and/or dependents with special needs are involved, a family trust is the best choice. As explained by Rockwills, a family trust doesn’t just protect assets; it ensures continuity and stability across generations (Source: Rockwills). A family trust allows one to leave behind instructions to the trustee on how to manage and distribute specific assets to one’s beneficiaries. With a family trust in place, any assets placed in the trust can bypass probate (the legal procedure that the deceased’s estate goes through), and the amount of taxable assets can be lowered. Not only that, but a trust can also take effect if triggered by certain conditions even in the absence of a death certificate, significantly speeding up certain processes (Source: The Edge).
Fun Fact: How long can a trust last? As of 2025 in Malaysia, the duration of a trust depends on the intentions within the trust, but the maximum fixed period is set at 80 years (Source: Sim & Rahman).
Fun Fact: Did you know about the disappearance clause in Rockwills’ trusts? This clause came into existence due to tragedies that have involved missing persons. If a person goes missing and is presumed dead, the disappearance clause determines how and when assets should be distributed (Source: The Edge).
Interested in utilizing a trust? We've got your back.
Fund Investments
There are five important elements to consider before deciding to invest: objective, capital, horizon, accessibility, and risk tolerance. Based on your answer to these considerations, there is a wide range of investments to choose from. The most important thing is to ensure that you have a clear goal in mind to determine the best strategy.
If your risk tolerance is low, the better options would be bonds and fixed-income funds. As stated by Bank Negara Malaysia, Malaysian bonds are stable, and the Malaysian bond market is one of the largest and most developed in the region (Source: Bank Negara Malaysia). Bonds, especially government bonds, and fixed-income funds are generally quite accessible in terms of liquidity (Source: CompareHero, StashAway).
Individuals with a slightly higher risk tolerance can consider mixed asset funds and balanced funds. As cited from MPFA, a mixed asset fund consists of a hybrid fund of stocks and bonds (Source: Mandatory Provident Fund Schemes Authority). Similarly, balanced funds are also a mixture. However, balanced funds mix equities and fixed income securities (Source: Great Eastern). Typically, the greater the portion in stocks, the higher the risk level.
For those with a high risk tolerance, equities are the optimal choice. Individuals with a shorter horizon may also have to sacrifice their risk tolerance to ensure that their goals can be met. According to Capital Markets Malaysia, the overall market capitalization of Bursa Malaysia ended higher at RM1.80 trillion in 2023 compared to RM1.74 trillion in 2022, while the FBMKLCI moderated to RM1.01 trillion compared to RM1.03 trillion the year before (Source: Capital Markets Malaysia). This shows that despite a weaker performance among top companies, many other listed companies performed well enough that the Bursa still managed to grow. A higher market capitalization is also a sign of confidence in Malaysia’s economy as it suggests that more investor money is flowing in. As the saying goes, “high risk, high return”, but we must also keep in mind that profits are not always guaranteed.
Fun Fact: Do you allow your emotions to control your investment decisions? Allowing your decisions to be swayed by emotions such as fear and greed puts you on a path to failure. The importance of thoroughly considering the five elements is made clear here: if you know what you want and how you want to achieve it, you’re that much closer to success.
Fun Fact: Are you confused regarding equities and stock/share? Here’s a brief explanation. As an individual investor, equity refers to the general concept of ownership in a company. “Stock” and “share” describe a single unit of ownership. Stock is used as more of a general term while share typically refers to the specific quantity (Source: IG). As a rough example, if you own 10% equity in a company, you own 10% of that company. “Stock” can be used in the context of “I own Company X’s stock”, while “share” can be used in the case of “I own 50 shares of Company Y”.
Interested in accumulating your wealth? Contact us to start your investment journey today.
Fixed-Rate Deposits
Fixed-rate deposits in Malaysian Koperasi (co-operatives) are non-bank savings or investment products where money is deposited for a fixed period at a guaranteed interest rate. Supervised by SKM (Suruhanjaya Koperasi Malaysia), fixed-rate deposits in Koperasi are regulated under the Co-operative Societies Act 1993. Generally, Koperasi fixed-rate deposits are low-risk as co-operatives tend to pursue low-risk investments (Source: Institut Koperasi Malaysia).
These fixed-rate deposit offerings vary by Koperasi and depend on tenure and deposit size, but they often offer higher rates of return compared to conventional bank fixed deposits. For example, Ko-Khawan advertises a target return of 0.8% a month, approximating to 10% per annum in one of their schemes (Source: Ko-Khawan). However, as stated by PIDM, protection is only provided for deposits in member banks, meaning that Koperasi fixed deposits are not covered by PIDM as Koperasi are not PIDM members (Source: PIDM).
Fun Fact: As reported by Astro Awani, Malaysia recorded approximately 15,809 registered cooperatives under SKM with a total membership of around 7.31 million people as of 31st December 2023 (Source: Astro Awani). An estimate of 25-30% of registered cooperatives are categorized under the finance sector, approximating to between 4000 and 5000 cooperatives, with an estimated subset of between 200 to 750 cooperatives offering fixed-rate deposit services (Source: SKM).
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