First published: 30 September 2022 @ 6:00 pm
The insurance industry is highly competitive and is ever-evolving to cater to the needs of every single individual. However, many of the major players are still trying to come up with a new strategy to compete with their rivals. So, what is the best insurance company in Malaysia?
One of the most important things that people should consider in investing insurance is what kind of policy they want to buy.
This guide will help you find out which is the best company that you should look into.
Factors To Consider
One of the most important things that people should consider in investing in Malaysia insurance is that they need to be certain about what kind of policy they want.
Many people make the mistake of getting policies which don’t cover everything that they might want them to cover, or even worse yet. If they cannot understand what each type of policy means or how it works.
However, one thing that people should understand is it can provide protection against many risks including death and illness, as well as fire, theft, etc.
It also provides protection from accidents or damage to property.
With those factors considered, let’s see which are the top 6 companies that you should look into.
Who are Malaysia’s Top 6 Insurance Companies?
1. Allianz Life Insurance Malaysia
The medical coverage that comes with Allianz Life Insurance Malaysia is one of the best features of the policy. This policy also covers the funeral expenses.
As a financial institution, it is a good choice for individuals who want a comprehensive protection plan.
The policy also offers one of the best policies in Malaysia.
2. American International Assurance (AIA)
American International Assurance is another well-known insurance company in Malaysia. Your claim will be processed by AIA, the second largest insurance company in Malaysia.
It has a network in 18 markets in Asia-Pacific.
As one of the largest insurance company in Malaysia, AIA has excellent resources and well-trained staff to offer you with a great customer service.
With over 100 years of experience, AIA is one of the top companies in Malaysia. They have a wide range of insurance such as for home, car, and travel insurance as well.
It is well-known that AIA will never be late for your claims and will provide you with excellent customer service to support your claim whenever you need it.
3. AXA Insurance
Healthcare services are the fastest growing service sector in Malaysia and AXA is the only major company to provide both healthcare and life insurance. This makes AXA one of the best in Malaysia.
AXA Malaysia, one of the best insurance companies in Malaysia, offers different products like Life Insurance, Motor Insurance, Homeowners Insurance, Personal Accident Insurance, Critical Illness Cover and more.
If you’re looking for an affordable Malaysian policy with some of the best features that are offered by AXA Insurance, then it’s definitely worth considering this company!
4. Great Eastern Life Assurance
Their quality services are the reason many people still stick with this company. They offer easy-to-understand policies, making it easier for you to buy your insurance.
Therefore, you can expect to have many people using this company.
With a rating of 8 out of 10, this company is still standing firm as the best in Malaysia. It does not mean that other companies are not offering better services than them.
However, this does not change the fact that Great Eastern Life Assurance offers excellent services to its clients.
5. Maybank Life Assurance
The key benefits of Maybank Life Assurance include great policy options and competitive pricing.
They offer different policies, ranging from standard policies, which are ideal for those who do not require any additional coverage, to enhanced policies that are aimed at the most demanding clients.
They also offer multiple ways of payment so that you can pay your monthly premium in whichever way is most convenient for you.
6. Prudential Assurance Malaysia
If you’re living in Kuala Lumpur, the chances are you’re using the Prudential Assurance brand for your insurance needs.
It’s the leading company in Malaysia, with almost 100 years period of dedication and over RM1 billion total sales.
Prudential has several convenient ways to manage your policy online and even if you want to talk to someone, you can use their easy-to-use customer service helpline on 1-800-778-2255 or on their website.
You can also check out their great travel insurance coverage here, too!
Create An Awareness
As you can see, there are several great companies in Malaysia. These companies have very low rates and provide a good deal of different coverage. It’s definitely worth looking at them!
It’s important to understand what your needs are before you decide on a policy. Here, it’s best to get a good idea of the different policy you may need. This will help you make an informed decision.
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