Top 10 Insurance Companies in Malaysia for Expats
The following insurance companies are among the top ten for foreign nationals living in Malaysia: AXA, Cigna, Allianz, William Russell, AIA, Bupa, GeoBlue, AIG, IMG Global, and VUMI. Expats can get the insurance they need from these companies while they are in Malaysia.
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This article is tailored to assist expats currently residing in Malaysia or intending to relocate there in selecting the most suitable insurance coverage. However, if the article doesn’t answer all your questions, you can always contact our brokers for assistance at no cost.
Learn all about the top insurance companies, the kinds of coverage they offer, and why expats might want to think about using a broker to get health insurance in this Pacific Prime article.
The Top 10 Insurance Companies in Malaysia
The top 10 insurance companies in Malaysia are AXA, Cigna, Allianz, William Russell, AIA, Bupa, GeoBlue, AIG, IMG Global, and VUMI. These insurers provide expats and their families living and working in Malaysia with comprehensive health coverage.
Listed below are ten of Malaysia’s leading insurers, along with brief descriptions of each:
- AXA: Provides a variety of international health insurance plans that cover a wide range of medical expenses, dental care, and emergency evacuation.
- Cigna Global: Offers flexible health plans that cover a wide range of medical expenses, including emergency medical evacuation, preventative care, dental, and vision services.
- Allianz Worldwide Care: Notable for its extensive coverage, strong network, and dependable customer service.
- William Russell: Provides health insurance specifically for foreign nationals living abroad, including policies that pay for prenatal care, dental work, emergency medical evacuations, and other medical expenses.
- AIA: Renowned for its vast network spanning the Asia-Pacific regions and its emphasis on holistic health.
- Bupa Global: Renowned for its vast international network, substantial clientele, and top-notch customer service.
- GeoBlue: Offers medical evacuation, inpatient and outpatient coverage, and health insurance plans with worldwide coverage.
- VUMI: Specializes in international health insurance with a range of plans offering comprehensive coverage for medical expenses, preventive care, emergency evacuations, and global assistance services.
- IMG Global Insurance: IMG Global Insurance offers comprehensive international health insurance plans tailored for expatriates, providing coverage for medical expenses, emergency evacuations, and wellness benefits.
- AIG: Provides extensive international health insurance plans that include emergency medical evacuation, inpatient and outpatient care, preventive services, and a broad network of healthcare providers worldwide.
1. AXA for Expats in Malaysia
AXA offers a variety of international health insurance plans, such as Foundation, Standard, Comprehensive, Prestige, and Prestige Plus. These plans provide health coverage, including medical treatments, dental care, and emergency evacuation services, making AXA a good choice for expatriates.
The health insurance plans that AXA offers are as follows:
Foundation Plan
- Annual Limit: USD $160,000
- Coverage: Inpatient hospital charges and surgeries, emergency care, medical evacuation and repatriation, cancer treatments, ambulance transport, optional outpatient treatment, and drugs.
Standard Plan
- Annual Limit: USD $1,600,000
- Coverage: All Foundation plan benefits, plus dental care (not check-ups), an increased annual limit, optional outpatient treatment, and drugs.
Comprehensive Plan
- Annual Limit: USD $2,400,000
- Coverage: All Standard plan benefits, plus chronic conditions, eye tests and prescription glasses, outpatient treatment, tests, and vaccinations.
Prestige Plan
- Annual Limit: USD $3,200,000
- Coverage: All comprehensive plan benefits, plus routine pregnancy care, annual health checks, and an increased annual limit.
Prestige Plus Plan
- Annual Limit: USD $8,000,000
- Coverage: Includes all Prestige plan benefits with the highest annual limit offered by AXA.
2. Cigna Global for Expats in Malaysia
Cigna provides customizable health insurance plans in tiers like Silver, Gold, and Platinum. These plans offer comprehensive health benefits, including medical evacuation, routine check-ups, and dental and vision care.
The following are some of the health insurance options provided by Cigna Global:
Silver Health Insurance Plan
- Annual Limit: USD $1,000,000
- Coverage: Coverage includes core medical benefits such as inpatient and outpatient care, specialized cancer care, and mental health care up to $5,000. You will also have access to private hospital rooms, transplant services, and palliative care.
Gold Health Insurance Plan
- Annual Limit: USD $2,000,000
- Coverage: Includes all Silver plan benefits, as well as routine maternity care up to $7,000, and coverage for pregnancy complications and newborn care. Additionally, it encompasses advanced imaging, rehabilitation services, home nursing, treatment for obesity, and care for congenital conditions.
Platinum Health Insurance Plan
- Annual Limit: Unlimited
- Coverage: Includes all Gold plan benefits, with most benefits paid in full. It provides full coverage for inpatient and outpatient care, as well as comprehensive cancer care and full mental and behavioral health care. Routine maternity inpatient care is covered up to $14,000.
Close Care Health Insurance Plan
- Annual Limit: USD $500,000
- Coverage: Includes core medical benefits, cancer care, and semi-private rooms for inpatient and outpatient care. It also provides emergency hospitalization coverage for short trips, up to $40,000. Please note that the plan excludes medical evacuation, maternity care, and travel safety services.
3. Allianz Worldwide Care for Expats in Malaysia
Allianz provides a range of health insurance plans with worldwide coverage, including Essential, Classic, and Premier options. These plans include inpatient and outpatient treatments, dental care, and medical evacuations. Allianz is renowned for its extensive network and dependable customer service.
A few of the health coverage options provided by Allianz Worldwide Care are as follows:
Allianz Care Plan:
- Annual Limit: USD $2,500,000
- Coverage: Semi-private inpatient/day-care room, oncology, medical evacuation, nursing at home, rehabilitation treatment, emergency outpatient treatment.
Allianz Care Plus Plan:
- Annual Limit: USD $4,000,000
- Coverage: Private inpatient/day-care room, oncology, medical evacuation, nursing at home, rehabilitation treatment, emergency out-patient, and dental treatment.
Allianz Care Pro Plan:
- Annual Limit: USD $5,000,000
- Coverage: Private inpatient/day-care room, oncology, medical evacuation, nursing at home, rehabilitation treatment, emergency out-patient and dental treatment, preventive surgery, laser eye treatment.
4. William Russell for Expats in Malaysia
William Russell focuses on health insurance for expatriates, providing plans like Bronze, SilverLite, Silver, and Gold. These plans include coverage for medical expenses, maternity care, dental care, and emergency medical evacuations.
The following are some of William Russell’s health insurance options:
Bronze
- Annual Limit: USD $1,500,000
- Coverage: The Bronze plan provides semi-private rooms with the option to upgrade to a private room. It offers full coverage for hospital treatment, parent accommodation, and advanced diagnostic tests. Local ambulance services are fully covered.
SilverLite
- Annual Limit: USD $1,500,000
- Coverage: The SilverLite plan also includes semi-private rooms with the option to upgrade to a private room. It covers hospital treatment, parent accommodation, and advanced diagnostic tests in full. Local ambulance services are covered up to USD $1,600.
Silver
- Annual Limit: USD $2,500,000
- Coverage: The Silver plan features private rooms as standard. It provides full coverage for hospital treatment, parent accommodation, and advanced diagnostic tests. Local ambulance services are fully covered. The hospital cash benefit is up to USD $200 per night, with a maximum of 60 nights.
Gold
- Annual Limit: USD $5,000,000
- Coverage: The Gold plan includes private rooms. It offers full coverage for hospital treatment, parent accommodation, and advanced diagnostic tests, as well as local ambulance services. The hospital cash benefit is up to USD $350 per night, with a maximum of 60 nights.
5. AIA for Expats in Malaysia
AIA provides health insurance through its Vitality program, offering comprehensive medical coverage, wellness initiatives, and emergency evacuation services. With a strong emphasis on holistic health and a broad network throughout the Asia-Pacific region, AIA is a solid option for expats in Malaysia.
Since AIA does not specify its plans to allow for maximum client flexibility, it is highly recommended to consult a broker and compare quotes.
6. Bupa Global for Expats in Malaysia
Bupa Global provides extensive international health insurance plans covering medical care, dental, maternity, mental health, and emergency evacuations. They boast wide-reaching global networks and exceptional customer support, essential for expats.
The health insurance plans that Bupa Global offers are detailed below:
Select Global Health Plan
- Annual Limit: USD $1,587,100
- Coverage: Health screenings and wellness checks (after a waiting period), medical evacuation.
Premier Global Health Plan
- Annual Limit: USD $2,380,600
- Coverage: Worldwide coverage, health screenings, wellness checks (after a waiting period), vaccinations, dental, and optical coverage.
Major Medical Global Health Plan
- Annual Limit: USD $3,174,200
- Coverage: Worldwide coverage, medical evacuation, sudden unexpected emergencies, and major medical expenses and repatriation.
7. GeoBlue for Expats in Malaysia
GeoBlue is a premier provider of international health insurance tailored for global travelers, expatriates, and international students. With a vast network of providers and reliable customer service, GeoBlue is a trusted option for those living or traveling overseas.
Here are some of the health insurance plans offered by GeoBlue:
Xplorer Essential Plan
- Annual Limit: Unlimited
- Coverage: Comprehensive medical benefits for both inpatient and outpatient care, emergency medical evacuations, and prescription drug coverage. This plan is ideal for expatriates seeking robust health coverage abroad.
Xplorer Premier Plan
- Annual Limit: Unlimited
- Coverage: Includes all benefits of the Xplorer Essential Plan, plus additional coverage for preventive care, mental health services, and wellness programs. This plan offers extensive health coverage for those looking for premium benefits.
Navigator Plan
- Annual Limit: Unlimited
- Coverage: Designed for international students and faculty, this plan includes medical coverage for inpatient and outpatient care, emergency medical evacuations, and repatriation services. It ensures that students and educators are well-protected while studying or working abroad.
Voyager Choice Plan
- Annual Limit: Based on selected options
- Coverage: Tailored for short-term travelers, this plan covers emergency medical care, hospital stays, and medical evacuations. It is perfect for individuals taking short trips outside their home country.
8. VUMI for Expats in Malaysia
VUMI (VIP Universal Medical Insurance Group) offers a variety of international health insurance plans tailored to provide extensive coverage for individuals and families. Below are some of VUMI’s international health insurance options:
Elite Care
- Annual Limit: USD $8,000,000
- Coverage: Comprehensive global health insurance including physician visits, hospitalization, surgery, lab tests & X-rays, physical therapy, emergency evacuation, repatriation, and worldwide assistance services.
Prestige Care
- Annual Limit: USD $5,000,000
- Coverage: Extensive coverage for major medical expenses, preventive care, wellness benefits, physician visits, hospitalization, surgery, lab tests & X-rays, and access to an international healthcare provider network.
Select Care
- Annual Limit: USD $3,000,000
- Coverage: Essential medical coverage including physician visits, hospitalization, surgery, lab tests & X-rays, outpatient care, and emergency services, offering robust coverage with manageable premiums.
Secure Care
- Annual Limit: USD $2,000,000
- Coverage: Security-focused plan covering emergency medical care, inpatient and outpatient services, physician visits, hospitalization, surgery, lab tests & X-rays, and medical evacuation.
Essential Care
- Annual Limit: USD $1,000,000
- Coverage: Basic yet comprehensive medical coverage, including physician visits, hospitalization, surgery, lab tests & X-rays, outpatient care, and emergency services, ideal for those seeking affordable health protection.
9. IMG Global Insurance for Expats in Malaysia
IMG specializes in providing international and travel health insurance for individuals, families, and businesses. Their plans, including Medical Insurance, are designed to offer comprehensive coverage specifically tailored to the needs of expatriates.
Here are the health insurance plans available from IMG:
Bronze
- Annual Limit: USD $1,000,000
- Coverage: Includes physician visits, hospitalization, surgery, lab & X-rays, physical therapy, and partial coverage for specialist visits.
Silver
- Annual Limit: USD $5,000,000
- Coverage: Includes physician visits, hospitalization, surgery, lab & X-rays, physical therapy, and partial coverage for specialist visits.
Gold
- Annual Limit: USD $5,000,000
- Coverage: Includes full coverage for physician visits, hospitalization, surgery, lab & X-rays, physical therapy, and partial coverage for specialist visits.
Platinum
- Annual Limit: USD $8,000,000
- Coverage: Includes full coverage for physician visits, hospitalization, surgery, lab & X-rays, physical therapy, and partial coverage for specialist visits.
10. AIG for Expats in Malaysia
AIG is a renowned provider of international health insurance, offering comprehensive plans that cater to the diverse needs of global travelers, expatriates, and international students. AIG’s extensive network makes it a top choice for individuals seeking reliable health coverage abroad.
Here are some of the health insurance plans available from AIG:
Platinum Plan
- Annual Limit: Unlimited
- Coverage: Includes comprehensive medical benefits for both inpatient and outpatient care, emergency medical evacuations, and prescription drug coverage. This plan is ideal for expatriates and travelers seeking extensive health coverage abroad.
Gold Plan
- Annual Limit: USD $5,000,000
- Coverage: Offers all the benefits of the Platinum Plan with additional coverage for preventive care, mental health services, and wellness programs. This plan provides premium health coverage for those looking for extensive benefits.
Silver Plan
- Annual Limit: USD $3,000,000
- Coverage: Designed for international students and faculty, this plan includes medical coverage for inpatient and outpatient care, emergency medical evacuations, and repatriation services. It ensures that students and educators are well-protected while studying or working abroad.
Bronze Plan
- Annual Limit: USD $1,000,000
- Coverage: Tailored for short-term travelers, this plan covers emergency medical care, hospital stays, and medical evacuations. It is perfect for individuals taking short trips outside their home country.
The Role of a Broker in Meeting Your Healthcare Requirements
Working with a broker can greatly streamline the process of aligning your budget with your healthcare requirements and handling pre-existing conditions. They provide essential services like policy clarification, tailored coverage, policy and claim support, post-sale assistance, and local expertise.
Here are several benefits of working with a broker:
Policy Clarification: Brokers are responsible for clearly explaining the details of available insurance policies, enabling expats to confidently select plans that maximize their benefits.
Tailored Coverage: A broker can help identify the best health insurance policy suited to your specific needs and budget, allowing for customized coverage that fits your personal requirements and financial constraints.
Policy and Claim Support: Collaborating with an insurance broker provides assistance with filing claims, renewing policies, and managing other necessary paperwork with your insurer.
Post-Sale Assistance: An insurance broker’s after-sales support has a significant impact on the level of service they offer. Expats can rely on brokers to address any questions or concerns about their health insurance throughout their stay abroad.
Local Expertise: Insurance brokers possess extensive knowledge of the Malaysian insurance market, regulations, and healthcare providers. This expertise enables them to recommend insurance plans that best match your specific healthcare needs and preferences.
Frequently Asked Questions
What are the top health insurance companies for expats in Malaysia?
The top insurance companies for expats in Malaysia include AXA, Cigna, Allianz, William Russell, AIA, Bupa, GeoBlue, AIG, IMG Global, and VUMI. These providers offer a variety of plans tailored to meet the healthcare needs of expatriates living in Malaysia.
How can a broker help me choose the right health insurance plan in Malaysia?
A broker can simplify the process of selecting a health insurance plan by offering policy clarity, personalized coverage, support with policies and claims, post-sale assistance, and local expertise. They ensure you get the best plan that fits your budget and healthcare requirements.
Why should I consider using Pacific Prime for my health insurance needs in Malaysia?
Pacific Prime, with over 1,000 employees and insurance expertise across four continents, ensures that expats in Malaysia have access to top-tier health insurance coverage. Their extensive knowledge and experience make the transition to a new country smoother.
Conclusion
Selecting the appropriate health insurance as an expat in Malaysia can be challenging. Leading insurance companies such as AXA, Cigna, Allianz, William Russell, AIA, Bupa, and GeoBlue provide a range of plans designed to meet the needs of expatriates.
If you’re interested in other countries, you may want to read about the top 10 insurance companies in Panama, or the top 10 insurance companies in Greece. These are among a few of our articles offered to globetrotters.
With a workforce of over 1,000 employees and extensive insurance expertise spanning four continents, Pacific Prime guarantees that expats in Malaysia have access to premium health insurance coverage, facilitating a smoother and more secure transition to their new home.
Secure peace of mind by comparing quotes or contacting us.
Upon graduating from Mahidol University International College’s International Relations program, he spent his career in marketing and business development, working for an international subcontractor, a marketing research firm, an international news agency, a software development company, and a creative agency. His journey now continues at Pacific Prime, where he hopes to make an impact by simplifying insurance and writing a gargantuan amount of SEO articles to draw in billions of leads.
In his free time, Piyanat is an avid martial artist and musician, spending most of his time at boxing gyms in Nakhon Pathom and music studios with his friends in the music industry.
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