If you are comparing Allianz medical cards in Malaysia, here is the short answer: choose Allianz HealthAssured if you want a high-limit plan with built-in no-claim rewards, Allianz HealthInsured if you want a high-deductible catastrophe top-up, and Allianz MediCure if you want a pure standalone card with family discounts.
The three cards differ less in raw coverage than in how they are structured — and that structure is what decides your long-term premium value. This review breaks down all three so you can match the right card to your financial situation.
Allianz HealthInsured vs HealthAssured vs MediCure: The Core Difference
Before looking at limits and benefits, understand how each card is packaged — this is the single most important decision:
- Allianz HealthInsured (Allianz Life): An Investment-Linked Policy (ILP) medical rider. Your premium is split between insurance charges and unit investments, with the Cost of Insurance (COI) deducted monthly from your policy’s account value.
- Allianz HealthAssured (Allianz Life): Allianz’s newer, reward-centric ILP medical rider. Like HealthInsured it sits on an investment base plan, but it adds active levers — most notably a no-claim discount — to counteract rising medical inflation.
- Allianz MediCure (Allianz General): A traditional standalone medical card from Allianz’s General Insurance arm. It is renewable yearly, holds no cash value, and charges a pure insurance premium that rises with your age band.
In short: HealthInsured and HealthAssured are ILP riders (life insurance + investment + medical), while MediCure is a standalone card (medical only).
Side-by-Side Comparison
| Feature | Allianz HealthInsured | Allianz HealthAssured | Allianz MediCure |
|---|---|---|---|
| Product type | ILP medical rider | ILP medical rider | Standalone medical card |
| Issuing entity | Allianz Life | Allianz Life | Allianz General |
| Overall annual limit | Up to RM 3 million | Up to RM 3 million | Up to RM 250,000 (Plan 5) |
| Lifetime limit | No limit | No limit | Managed by annual limit |
| Room & board | RM 200–300/day (max 150 days) | RM 200/day (no day limit) | RM 120–250/day (max 120 days) |
| Cost-saving lever | Deductibles RM 5,000 / 10,000 / 30,000 | Co-insurance 5% or 15% + no-claim benefit | Non-cashless discount, deductibles, multi-person discount |
| Cancer coverage | Outpatient + genomic testing (up to RM 20,000) | Outpatient + personalised genomic testing | Basic outpatient cancer treatment |
| Standout feature | Allianz Care@Home service | 20% COI no-claim discount | Up to 49% discount on non-cashless option |
| Coverage term | Guaranteed renewable to age 100 | Guaranteed renewable to age 100 | Renewable yearly |
Figures are indicative and subject to the current product brochure, plan level, and underwriting. Always confirm against the policy contract before deciding.
Allianz HealthInsured: High-Limit ILP With Deductible Options
HealthInsured is built for policyholders who want extensive, high-limit protection with flexibility to manage cost.
- High financial safety net: an annual limit of up to RM 3 million with no lifetime cap, protecting you against catastrophic healthcare costs.
- Advanced cancer provisions: outpatient targeted therapy, hormonal therapy, and immunotherapy, plus up to RM 20,000 for genomic testing to guide precise treatment.
- Allianz Care@Home: qualified patients can receive home-based medical care from visiting professionals, with a fast-lane private hospital transfer if their condition escalates.
Cost-control option: you can opt for a high deductible of RM 5,000, RM 10,000, or RM 30,000 per policy year to lower the cost of insurance. That makes HealthInsured an excellent top-up card if you already hold basic medical cover through your employer.
Allianz HealthAssured: No-Claim Rewards Built In
HealthAssured is a structural shift designed to lower the baseline cost of an ILP card for healthy individuals who rarely claim.
- 20% COI no-claim discount: you receive an instant 20% Welcome Benefit discount on your Cost of Insurance. Through the No Claim Benefit, that 20% is maintained year after year while you stay claim-free. If you claim, the discount pauses for two years before it can be reinstated.
- No room & board day limit: Room & Board is capped at RM 200/day, but there is no cap on the number of claimable days per policy year, as long as the stay is medically necessary.
- Built-in bereavement benefit: a RM 50,000 payout to your loved ones in the event of your passing.
Cost-control option: instead of a heavy upfront deductible, HealthAssured uses a co-insurance framework. Choose 5% co-insurance (capped at RM 1,000 out-of-pocket per year) or 15% (capped at RM 2,500 per year). Co-insurance is waived entirely for emergency accident cases, outpatient kidney dialysis, outpatient cancer treatment, or treatment at government facilities.
Allianz MediCure: Pure Standalone Cover
MediCure targets a different mindset: people who want medical cover without bundling it with life insurance or investment funds.
- Lower initial entry point: with no premium channelled into investment units, the raw premium for younger age brackets is highly accessible.
- The non-cashless lever: choose the “non-cashless” option — you pay the hospital bill first and claim reimbursement afterward — and your annual premium can drop by up to 49% versus the cashless version.
- Multi-insured discounts: enrol three or more people under one policy to unlock tiered annual discounts of 5% up to 20% — ideal for families or small businesses.
Watch-outs:
- Lower overall limit: the maximum annual limit tops out at RM 250,000 under Plan 5. Against 2026 private-hospital inflation, a major critical illness could exhaust that far faster than the million-ringgit caps on HealthInsured or HealthAssured.
- Sharper age-band increases: with no unit-fund buffer, premiums rise more steeply as you move into older age bands at each renewal.
Which Allianz Medical Card Should You Choose?
There is no single best card — only the best fit for your stage of life and financial framework:
- Choose HealthAssured if you live a healthy lifestyle, want a multi-million-ringgit safety net, and want to actively lower your charges through no-claim rewards and capped co-insurance.
- Choose HealthInsured if you want a reliable high-limit ILP, already have corporate cover, and want to use a high deductible to build an affordable, heavy-duty catastrophe top-up.
- Choose MediCure if you strictly want standalone cover, dislike investment-linked structures, want multi-person family discounts, or are happy to pay upfront on the non-cashless track for a big premium saving.
If you are unsure which structure suits you, that is exactly the kind of question a policy review answers in 30 minutes — including how each card behaves 10 and 20 years from now.
Frequently Asked Questions
Which Allianz medical card is the best in Malaysia?
There is no universally “best” Allianz card. HealthAssured suits healthy people who want no-claim rewards on a high-limit plan; HealthInsured suits those wanting a high-deductible top-up on an ILP; MediCure suits people who want pure standalone cover with family discounts. The right choice depends on your age, budget, and whether you want an investment-linked or standalone structure.
Is Allianz HealthInsured an ILP or a standalone medical card?
Allianz HealthInsured is an Investment-Linked Policy (ILP) medical rider issued by Allianz Life. Your premium is split between insurance charges and investment units, and the Cost of Insurance is deducted monthly from your account value. Allianz MediCure is the standalone alternative, issued by Allianz General.
What is the difference between Allianz HealthInsured and HealthAssured?
Both are ILP medical riders with annual limits up to RM 3 million and no lifetime limit. The key difference is the cost-saving lever: HealthInsured uses high deductibles (RM 5,000 to RM 30,000), while HealthAssured uses a 20% no-claim discount on the Cost of Insurance plus capped co-insurance (5% or 15%). HealthAssured also removes the day limit on room and board and includes a RM 50,000 bereavement benefit.
Does the Allianz medical card have a no-claim discount?
Yes. Allianz HealthAssured gives an instant 20% discount on the Cost of Insurance, maintained each year you stay claim-free. If you make a claim, the discount pauses for two years before it can be reinstated. This is one of the main reasons healthy, low-claim policyholders consider HealthAssured.
How much can I save with the Allianz MediCure non-cashless option?
Choosing the non-cashless option on Allianz MediCure — where you pay the hospital bill first and claim reimbursement afterward — can lower your annual premium by up to 49% compared with the cashless version. It suits people with enough cash on hand to settle bills upfront and wait for reimbursement.
Have a question that wasn’t covered here? Our advisors at FINNO. — an authorised agent of Allianz Malaysia — offer free, no-obligation consultations. No hard sell, just honest answers about which card fits your situation.