Medical insurance premiums increasing in 2026? What to check

Medical insurance uses a shared risk pool. When treatment costs and claims across that pool rise, the insurer may revise charges even for people who have not claimed. Age-related increases are a separate factor. Your notice should explain what applies to your policy.

Compare the old and new notices line by line. Record the current payment, revised payment, effective date and any later scheduled increases. Ask the insurer to separate the causes instead of explaining everything with one percentage.

BNM’s December 2024 announcement provides for repricing changes to be spread over at least three years, with the measure remaining in place until the end of 2026. It expected at least 80% of affected policyholders to see annual adjustments from medical claims inflation below 10%; that is not a universal cap. Age-band increases are excluded.

Ask which part of your increase qualifies and how it is reflected in your letter. If you are aged 60 or above and on the minimum plan within your product, ask whether the one-year pause applies to you and when it starts and ends.

The premium you pay and the cost of insurance deducted from an investment-linked policy are different figures. Higher charges can affect how long the policy’s value supports the cover. Ask for the latest sustainability projection and the assumptions behind any recommended top-up.

Allianz Life’s interim repricing FAQ directs policyholders to their notification letters and annual statements. An unchanged monthly bank deduction alone does not establish that the cover remains adequately funded. Ask what happens under both the current payment and the proposed payment.

Ask for written options to retain the current benefits, reduce the plan level, or use available deductible or co-payment choices. For each option, record the premium saving alongside the benefits lost and the extra cash you would need when claiming. A lower monthly payment can mean a larger personal share of a hospital bill.

Before replacing a policy, obtain written confirmation of the new cover, exclusions, waiting periods and start date. Ask how the transition affects continuity. Do not treat a new quotation as proof that replacement cover has already been accepted.

As checked on 21 September 2026, BNM describes MediAsas as a limited pilot running from late July to October 2026, with a nationwide launch planned for January 2027. Final product features and pricing are to be published at launch. It should not be treated as a replacement policy already available to everyone today.

If you are considering waiting for it, first confirm how you will fund treatment and maintain any existing protection during the gap. Recheck the official announcement before making a decision based on proposed prices or launch dates.

Prepare the repricing letter, benefit schedule and latest annual statement. Ask: what caused the increase, which relief applies, what lower-cost options are available, what each option changes, and when a decision or payment is due? Keep the reply with your policy records.

If the explanation remains unclear, ask the insurer’s customer service or complaints team for a written breakdown. A useful answer identifies the policy, effective date and calculation; a general statement about medical inflation is not enough to check your own bill.