High Medical Inflation Rate Caused Malaysians have Insufficient Medical Insurance

Do you know how high Malaysia’s medical inflation rates for the past few years are? It’s about 10% to 15% annually! How much is your medical care coverage? RM100,000 or RM200,000?
medical insurance malaysia high medical inflation rates
Image Source: Insurance Choice

Let me show you some examples to get a better picture of how the medical inflation 10% to 15% affecting your medical costs and medical card coverage.

Projection of Medical Costs in Future of 10 years and 20 years:

RM20,000 today would cost RM51,875 after 10 years (inflation rate of 10%)
RM20,000 today would cost RM80,911 after 10 years (inflation rate of 15%)
RM20,000 today would cost RM134,550 after 20 years (inflation rate of 10%)
RM20,000 today would cost RM327,331 after 20 years (inflation rate of 15%)

From the results shown on above, obviously the high medical inflation rates will cause many Malaysians does not afford to fall ill. Because, the expensive yet keep rising medical cost has caused them who have insufficient medical insurance suffer with the hospitalization fees.

Hospitalization and Surgical Insurance (HSI) and Critical Illness Policy

Check and review back your current insurance policy and coverage amount. Does it sufficient enough to cover your future medical costs (touch wood yaa)? Else, you may look into the HSI and Critical Illness Policy to ensure you are covered with sufficient medical insurance. Basically, the HSI will cover hospitalization costs and outpatient treatments whereas the critical illness policy will provide a lump sum amount that can be used flexible up to your own planning and needs.

Hope these could help more Malaysians to be aware about the importance and urgency to look at the insufficient medical insurance coverage issue due to the high medical inflation rates.

2 thoughts on “High Medical Inflation Rate Caused Malaysians have Insufficient Medical Insurance”

  1. A


    1. What is PRUflexi med? (updated 20/02/2012)
    PRUflexi med is a comprehensive medical plan that allows customers to customize the benefits to their individual needs and budget. It is a regular premium investment-linked medical rider that reimburses medical expenses incurred in the event of hospitalization that comes with the following features:

    • 112 combinations to choose from – PRUflexi med gives you the flexibility to choose your preferred level of coverage. Pick from 7 Hospital Daily Room & Board Allowance and 16 Annual Limits options, then create a plan to suit your needs and budget!

    • Hospital Daily Room & Board Allowance – If you are staying in a room & board that is lower than your chosen Hospital Daily Room & Board Allowance, we will pay you the difference in cash as an allowance. What’s more, this benefit will not reduce your Annual Limit!

    • No more BILL SHOCK! – You can choose the ZERO deductible option and need not share out on eligible cost when you are hospitalized! You can also opt for a PRUflexi med plan with a minimal fixed deductible of RM300 for lower premium.

    • High Lifetime Limit at 20 x Annual Limit – PRUflexi med lets you claim up to 20 times your Annual Limit per lifetime.

    2. What are the basic plans that can attach PRUflexi med? (updated 20/02/2012)
    PRUflexi med is attachable as a new medical plan or second medical plan on PRUlink one and
    PRUlife ready.
    Attachment to previous versions of investment link plans (4PAA, 5PAP, 6PAP, 7PAP) will be available at a later date, which is to be advised. The rider is currently not available in juvenile plans, traditional policies, ULP and bancassurance policies until further notice.

    3. How do we select PRUflexi med benefits? (updated 20/02/2012)
    Customizing PRUflexi med to your customer’s need is as easy as 1, 2, 3 & 4!

    Step 1: Decide on your Hospital Daily Room & Board Allowance amount.
    Choose the amount of Hospital Daily Room & Board Allowance to cover for your accommodation in a hospital.

    Step 2: Decide on your Annual Limit amount.
    Set the amount of Annual Limit which you will be covered for every year. This is the maximum amount of total costs of eligible benefits (excluding the cost of daily room &
    board) that will be paid by Prudential every year for your hospitalisation and surgery bills.

    Step 3: Decide on your Deductible amount.
    Choose the amount of deductible that suits your preference – zero or RM300 deductible.

    Step 4: Decide on your benefit term.
    Choose the age to which you would like to be covered until from a choice of 70, 80, 90 or 100 years old.

    Interested? Kindly email me at

  2. Terence ng

    Aia let u claim unlimited for whole life

    Check it out.