Top 5 Life Insurance in Malaysia

Find Great Eastern Agent

We start our Top 5 list with Great Eastern Life Assurance Malaysia Berhad that is the largest Life Insurance company in Malaysia. According to a 2017 report by the Insurance Services Malaysia (ISM), over 1.2 million Malaysians had life insurance with Great Eastern. That means 4 out of 10 people have bought whole life insurance from Great Eastern. No wonder the company is in our Top 5 List of Life Insurance companies in Malaysia. Great Eastern Life offers the following insurance products:

• Great 110 Legacy
• Great Cherish 80
• Great Early VantageCare 2
• Great MaxiProtector
• Great Term Direct
• Great VantageCare 2
• Smart Legacy
• Smart Legacy Max
• SmartProtect Essential
• SmartProtect Junior
• Smart Protect Max

Find Allianz Agent

On the 4th place of our list is Allianz Life Insurance Malaysia.  Compared to Great Eastern Life, the company is small, with a market share of 3% in 2017. The German company is exceptionally reliable in car insurance and benefits from the excellent service and good quality of “Made in Germany” quality. Allianz Life Insurance Malaysia offers the following products:

• Allianz Powerlink
• Allianz 3H Cover
• Allianz PremierLink
• Allianz PremierLink Advance
• Allianz PrimeLegacy
• Allianz i-EssentialCover
• Power Shield
• Allianz Ability Life
• Allianz Kasih Hayat

Find Prudential Agent

At place 3 on our list of the Top 5 Life Insurance company is Prudential Assurance Malaysia. The company is relatively small with only 2% of the Malaysian market. This means that out of 100 people only 2 people have full sometimes also called “whole” life insurance from Prudential. Prudential  offers the following life insurance products in Malaysia:

• PRU Wealth Plus
• PRU Best Gift
• PRU Protect Xtra
• PRU My Diabetes Care
• PRU My Medical Plus
• PRU My Child Plus
• PRU Vantage
• PRU Guard My Family
• PRU Term
• PRU Mortgage

Find Hong Leong Agent

Hong Leong Assurance is on 2nd place in our 2019 Best Life Insurance list. Many are familiar with the brand, because of Hong Leong bank. In 2017, every ISM reported that Hong Leong Assurance has a market share of 5% on full (whole) life insurance in Malaysia. In Malaysia, the company offers ten insurance products to protect your loved ones from financial loss in case of a death. Here is the complete list.

• HLA Asset Protector Flex
• HLA Asset Protector Premier
• HLA Complete Link
• HLA Premier Millions
• HLA Prime Protect
• HLA Prime Protect Gold
• Level Term
• Mortgage Decreasing Term Assurance
• PA Care
• Secure100

Buy Sun Life Now

Winner and Number 1 on our Top 5 list of Malaysian Life Assurance companies is Sun Life Assurance. This result has surprised us, because the company is still small in Malaysia, with a market share of 1% in Malaysia, according to Insurance Services Malaysia (ISM).  But the customer survey of over 10,000 Malaysians and the independent model to rank the customer service quality tell us that Sun Life Assurance is the Best Life Insurance company in 2019.

One of the key advantages is that Sun Life has adopted technology fully and is offering their life insurance products online. Together with online straightforward claims submission, excellent customer service makes it the winner. Now you can go online and buy life insurance online. The three products that Sun Life Assurance offers online are:

• Sun eSential Life
• Sun eCritical Shield
• Sun eMediCare Income