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Malaysia My Second Home (MM2H)

Has anyone on the forum / mm2h program.. applied and withdraw from their fixed account specifically under vehicle purchase..

What was the process.. was it alot of hassle?

Thanks Shehajaz for the reply..

Do you have any experiences on the fixed deposit withdraw?.

When I applied for MM2H my required deposit was only RM60,000 which was the minimum amount that needed to remain in the Fixed Deposit so I wasn't allowed to make any deductions.

You can email MM2H and ask them directly if it is permitted to buy a car with the deposit and how to do it?

All the main car dealers who sell new locally assembled cars of local cars are usually familiar with MM2H because in the past they gave the tax-free discount. So maybe they could tell you more about it.

I sent a email about a week ago.. (still no response) wow 60k that's not bad.. we (my wife and me) are under 50 so 300k in a fd.. 🙄we are not planning on purchasing a home (at least not in the near future)

When we were in kl the public transportation and taxis we're good and plenty around.. but once this mm2h goes through we are bringing our pet, which might muddle up any transportation

At that time, the normal amount for over 50's was 150k but with property investments of over a million in Malaysia MM2H only required me to deposit 60k. I think advantages like that still apply.

When I moved on to Indonesia I also decided to cancel my MM2H, and the process of getting the letter from MM2H to release my Fixed Deposit was quick and easy. So even for medical or education reasons, I guess getting a letter to release funds wouldn't be complicated.

Hi

MEDICAL INSURANCE

Does anybody please know a Medical insurance company in Malaysia who will  PROVIDE MEDICAL INSURANCE  FOR OVER 66years old person for MM2H use

Hello
I just finalized  my MM2H procedures  last month and I used AXA affin General insurance , try to call as per following address

AXA Affin General Insurance Berhad (23820-W)
Ground Floor Wisma Boustead
71 Jalan Raja Chulan 50200 Kuala Lumpur
 (603) 2170 8282
 (603) 2031 7282
 customer.service[at]axa.com.my
www.axa.com.my
good luck

Hi Nashaat.k

Many thks for your prompt response to my posting today.
Do you know their age limit for new policies for mm2h applicants plaease?

you're welcome sir
the policies are opened up to 100 years age
as per price list; if you are interested I can email it to you just send me your email address

Medical insurance is available up to the age of 90 +years now and the entry age is at least 70 yoa. It used to be much lower (around 60-65) but as MM2H is popular policies are now available for retirees. But they are Medical Cards, i.e. related to hospitallization.  Just read their various policies online. They are basically based on the Sum Insured principle https://www.imoney.my/medical-insurance  If you take  look at this link and click on the name of the policy it will confirm the highest age on entry. e.g. AIA Medical Insurance A-Plus Med (Plan 500) is 70 years at entry to max 99 years.

My advice is don't use an agent and manage it yourself. That way you automatically get a 10% reduction on the premiums quoted. Mine with Tokio Marine gives me a further 30% discount if I don't claim. You just walk into your chosen insurer and they arrange everything and advise you of the process required, e.g. medical examination if required.

Hi Nashaat K
Thks
Pl if u know any local insurer  with  age limit for start  of new medical ins above 66yrs for MM2H applicants then pl email me :  ***

Moderated by Priscilla last week
Reason : Do not post your personal contact details on a public forum for your own security

Beware of time wasters.

Gravitas
Thks for ur Advice

Hi Gravitas, what kind of medical insurance does Tokio Marine provide for someone over 75 years old and what kind of coverage and premiums can one expect?

They are medical cards i.e. hospitalization - check their website or call into their office. https://www.tokiomarine.com/my/en/perso … ealth.html You will need to get a quote after a medical.

You can dictate the cost to some extent by the amount of cover you choose. I pay about RM2500 per annum and get 10% discount as I don't use an agent, plus I chose a policy that reduces my annual premium by 30% if I don't claim.

Hi, i am looking for trusted mm2h agent , anyone can recommend me here ? And about agent charges, how  do i need to pay , full in advance or by schedule of visa processing .
Thank you

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