Who we are

MQ companies focus on assisting our clients since 1998 to excel in their wealth management. Our unique model has helped many entrepreneurs to embark on a strong footing in their line of business and life. It has successfully assisted many existing clients or affiliates to witness breakthrough improvement in terms of wealth management and life.  

What we do

You will find this one stop money quotient hub here in MQ with our areas of services to assist you.

Personal Financial Planning
Insurance planning
Retirement planning
Estate planning
Business Financial Planning
Business Funding
Guarantor Indemnity Plan
Keyman Compensation Plan
Business Succession Plan
Professional Value Plan
Group Employee Benefit Scheme
General Insurance
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years
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clients

Your reliable partner

MQ is committed to providing excellent service in wealth management of our clients and strive to be the central hub of financial services excellence with extreme passion to serve and share in personal or corporate level.

We love making positive impacts.

Thank you for taking great care of us on our insurance. You and your team at MQ Consultancy Sdn Bhd have been wonderful to work with. Just list out one of the friendly customer service that given, MQ’s staff is stationed in Ee-Lian café every Friday and ready to give professional insurance advice to our employees without extra charges. Jason has always been tried his best to provide the better coverage than the prior and save us in term of premium charges at the same time. I would recommend Jason to anyone without hesitation or reservation.

Dr Teoh Han Chuan
Group Managing Director
SWS Capital Berhad

Good,Affordable,Fast ; Products following market trend and demand; Feel personalized services provided by the MQ Team

10 years ago, MQ did my wife medical claim and handed the pay cheque to my house on my hand within 3 working days! Truly appreciated MQ founder Mr Jason Koeh efficiency in helping me to go thru my life most difficulties period. Mr Jason Koeh even think of the best on how to made claim for chemo therapy treatment on my wife using the medical card ( very lucky Mr Jason Koeh proposed the Medical Card to my wife as her first Insurance Policy). After all those sour and painful story we become very good friend and we treasure each other until today. Life is Great. I love u bro.

Ng Cheng Hoe
Director
Inno PDA Sdn Bhd

Friendly, reliable and efficient

MQ provides excellent service in many aspects since the beginning till now and the people in MQ has always been there for me like a family when needed. Hence, this is very important for me and as a customer as I felt MQ is reliable and efficient in providing their service.

Geoffrey Teoh
Manager
Financial Institution

Informative, latest update and financial newsletter

Dr Chong Yen Nee
Chief Executive Officer
Yayasan Penjaja dan Peniaga Kecil 1Malaysia

Quick response, competitive quote and comprehensive product info

Sheley Teoh
General Manager - Sales
Blu Inc Media Sdn Bhd

FAST,

EFFICIENT, 

HELPFUL!
Aster Lim
Group Managing Editor
Blu Inc Media Sdn Bhd

Professional advice on insurance, Effecient and effectiveness MQ team

I will recommend MQ due to the professionalism of the team. Look forward to see this organisation grow!

Eric Gan
Regional Sales Manager
MBNS (ASTRO)

Consult, Advise, Reference. Train all staff to implement same character.

Dr. Samsudin Wahab
Lecturer
UiTM

Service is professional and personalized. 

Efficient, competitive and attentive. Thank you for taking care of us and we look forward to many more years with you.

Aanear You Chee Chien
Executive Director
Yee Loong Engineering Sdn Bhd

Always updated service, knowledgeable consultation,

None of the financial company can provide such great service like they do!

Dr Shirley
Doctor
AOKlinik
ppl

Need professional advice on financial management?

Let our team assist you!

bino

Looking for something new to venture in your career?

Join our team and make a difference now!

Meet Our Partners

Our Corporate Social Responsibility

The most important objective of our company is to obtain profitability in the long term. Guided by its mission and values we seek to achieve profits without prejudice to society and the environment.

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Every end marks a new beginning.
Keep your spirits and determination unshaken, and you shall always walk the glory road. With courage, faith and great effort, you shall achieve everything you desire. We wish you a Happy New Year 2019! 🎉😘🍾🎆🎀

Everything You Need To Know About Getting Medical/Health Insurance in Malaysia

Knowing what you're walking into is the best kind of preparation you can have when it comes to anything related to insurance, but apart from extensive research, what else can you do to better understand? You could opt to speak to an experienced insurance agent, or you could read this simplified guide to walk you through what to expect.

1) Understand the benefits

The fact that there is no one ultimate plan that works for everyone means you need extensive research to acquire in-depth understanding before buying insurance of any kind. To arrive at the level where you become capable of explaining the advantages and disadvantages of every plan, you would have to understand the basic benefits in insurance policies. We have highlighted some which are of importance:
a. Annual limit: The total claimable amount by the insured per year.

b. Lifetime limit: The total claimable amount by the insured within the policy period.

c. Hospital room and board: The benefit limit for hospital stay. Upgrade of wardroom which results in exceeding the benefit limit is subject to terms and conditions listed in your contract.

d. Intensive care unit: The benefit limit for confinement in intensive care unit.

e. In-hospital/ inpatient & related services: This include fees incurred by costs not related accommodation and food, such as surgery, hospital supplies and services, anaesthesia, operating theatre and specialist consultation, when you are being admitted to hospital (spending at least a night at hospital).

f. Outpatient treatment: Outpatient treatment includes costs incurred when your treatment is done without staying in hospital, such as day-care procedures, kidney dialysis, diagnostic test and cancer treatment. Nevertheless, the list could go as long as it is stated under your contract.

2) Understand what fully-insured plans and cost-sharing plans mean

Having explained the benefits that commonly exist in your insurance policy, it could be surprising to tell you that the insurance company may not cover your entire medical expenses even though it is within the annual limit.
Your insurance payment scheme can be of one of the two types: fully insured plan and cost sharing plans. For fully insured plan, you will be insured against the full amount of your medical fees (subject to benefit limits) whereas in cost sharing plans you will be bound to pay a fixed or variable amount before the benefits comes into effect.
In particular, there are generally three types of cost-sharing medical insurance schemes:

a. Annual deductible: A fixed amount paid by customer each year for all medical conditions before insurance companies begin to pay. For example, if your insurance policy is subject to an annual deductible of RM2,000, you will be liable for your first RM2,000 of the medical fees in a year.

b. Per-condition deductible: It works the same way as annual deductible, except that different medical condition may have different deductible amount. For example, a cancer treatment may have a per-condition deductible of RM4000 whereas a kidney dialysis may have a per-condition deductible of RM2,000.

c. Co-pay or co-insurance: A fixed percentage paid by customer each time before insurance companies begin to pay. For example, in a 20% co-insurance policy you will have to pay 20% of your medical treatment while the other 80% will be covered by the insurance company.

Evidently, a cost-sharing plan demands a lower premium since you will be covering a portion of your future medical fees. It goes without saying that you could easily lower your premium by going for a cost-sharing plan. This should only be useful when you have enough cash to pay for the deductibles every time. Should you thus opt for a high-deductible or low-deductible plan?

To answer this, you should probably do a rough calculation of your medical expenses in the past year. If you are a frequent-visit patient, it might be better to go for a low-deductible and higher premium plan, or even a plan without any deductibles.

3) Understand the factors that can increase your premium
The next thing you would probably ask after understanding the coverage of the insurance policy is the premium you need to pay. Although we do not have the formula to calculate your premium, what we could probably help here is to provide you a broad picture of how the premium can be increased according to your condition.

We have listed the major factors that will increase your premium:
• You are not young
• High risks involved in your occupation
• Family disease
• Past medical history
• Pre-existing disease
• Female
• Smoker
• First time buyer

Still, there are some cases where your premium can be increased depending on your choice. For instance, some insurance company offers cashless and non-cashless plan. With non-cashless plan, you pay the medical fees upfront before being refunded by the insurance company. By doing so, your premium will decrease quite significantly (more than 20%). Conversely, you pay a higher premium for cashless plan which your upfront payment is not needed.

3 Things You Need to Understand Before Buying Medical Insurance

As you can see from the table above, even though your annual medical expenses fall within the annual limit, you will still face a limit on the number of days you are being insured (such as Hospital Daily Room & Board, Intensive Care Unit, Pre-hospitalization Treatment, Post-hospitalization Treatment and Home Nursing Care). Also, many of the benefits are subject to coinsurance or deductible. According to what we have explained above, the higher is your deductible or coinsurance, the lower is the premium you are obliged to pay.

To conclude
This article follows our principle that is to help people make wiser financial decisions. We hope it can help prevent you from bottom-feeding for the cheapest insurance policy or simply rolling a dice and pray that you can get the best one. The best way out is always through. Therefore, learning it yourself is always better than being unreasonably ignorant.

Source:loanstreet

www.mqbusinesswealth.com
... Read moreHide

3 weeks ago

Everything You Need To Know About Getting Medical/Health Insurance in Malaysia

Knowing what youre walking into is the best kind of preparation you can have when it comes to anything related to insurance, but apart from extensive research, what else can you do to better understand? You could opt to speak to an experienced insurance agent, or you could read this simplified guide to walk you through what to expect.

1) Understand the benefits

The fact that there is no one ultimate plan that works for everyone means you need extensive research to acquire in-depth understanding before buying insurance of any kind. To arrive at the level where you become capable of explaining the advantages and disadvantages of every plan, you would have to understand the basic benefits in insurance policies. We have highlighted some which are of importance:
a. Annual limit: The total claimable amount by the insured per year.

b. Lifetime limit: The total claimable amount by the insured within the policy period.

c. Hospital room and board: The benefit limit for hospital stay. Upgrade of wardroom which results in exceeding the benefit limit is subject to terms and conditions listed in your contract.

d. Intensive care unit: The benefit limit for confinement in intensive care unit.

e. In-hospital/ inpatient & related services: This include fees incurred by costs not related accommodation and food, such as surgery, hospital supplies and services, anaesthesia, operating theatre and specialist consultation, when you are being admitted to hospital (spending at least a night at hospital).

f. Outpatient treatment: Outpatient treatment includes costs incurred when your treatment is done without staying in hospital, such as day-care procedures, kidney dialysis, diagnostic test and cancer treatment. Nevertheless, the list could go as long as it is stated under your contract.

2) Understand what fully-insured plans and cost-sharing plans mean

Having explained the benefits that commonly exist in your insurance policy, it could be surprising to tell you that the insurance company may not cover your entire medical expenses even though it is within the annual limit.
Your insurance payment scheme can be of one of the two types: fully insured plan and cost sharing plans. For fully insured plan, you will be insured against the full amount of your medical fees (subject to benefit limits) whereas in cost sharing plans you will be bound to pay a fixed or variable amount before the benefits comes into effect.
In particular, there are generally three types of cost-sharing medical insurance schemes:

a. Annual deductible: A fixed amount paid by customer each year for all medical conditions before insurance companies begin to pay. For example, if your insurance policy is subject to an annual deductible of RM2,000, you will be liable for your first RM2,000 of the medical fees in a year.

b. Per-condition deductible: It works the same way as annual deductible, except that different medical condition may have different deductible amount. For example, a cancer treatment may have a per-condition deductible of RM4000 whereas a kidney dialysis may have a per-condition deductible of RM2,000.

c. Co-pay or co-insurance: A fixed percentage paid by customer each time before insurance companies begin to pay. For example, in a 20% co-insurance policy you will have to pay 20% of your medical treatment while the other 80% will be covered by the insurance company.

Evidently, a cost-sharing plan demands a lower premium since you will be covering a portion of your future medical fees. It goes without saying that you could easily lower your premium by going for a cost-sharing plan. This should only be useful when you have enough cash to pay for the deductibles every time. Should you thus opt for a high-deductible or low-deductible plan?

To answer this, you should probably do a rough calculation of your medical expenses in the past year. If you are a frequent-visit patient, it might be better to go for a low-deductible and higher premium plan, or even a plan without any deductibles.
 
3) Understand the factors that can increase your premium
The next thing you would probably ask after understanding the coverage of the insurance policy is the premium you need to pay. Although we do not have the formula to calculate your premium, what we could probably help here is to provide you a broad picture of how the premium can be increased according to your condition.

We have listed the major factors that will increase your premium:
• You are not young
• High risks involved in your occupation
• Family disease
• Past medical history
• Pre-existing disease
• Female
• Smoker
• First time buyer

Still, there are some cases where your premium can be increased depending on your choice. For instance, some insurance company offers cashless and non-cashless plan. With non-cashless plan, you pay the medical fees upfront before being refunded by the insurance company. By doing so, your premium will decrease quite significantly (more than 20%). Conversely, you pay a higher premium for cashless plan which your upfront payment is not needed.
 
3 Things You Need to Understand Before Buying Medical Insurance

As you can see from the table above, even though your annual medical expenses fall within the annual limit, you will still face a limit on the number of days you are being insured (such as Hospital Daily Room & Board, Intensive Care Unit, Pre-hospitalization Treatment, Post-hospitalization Treatment and Home Nursing Care). Also, many of the benefits are subject to coinsurance or deductible. According to what we have explained above, the higher is your deductible or coinsurance, the lower is the premium you are obliged to pay.

To conclude
This article follows our principle that is to help people make wiser financial decisions. We hope it can help prevent you from bottom-feeding for the cheapest insurance policy or simply rolling a dice and pray that you can get the best one. The best way out is always through. Therefore, learning it yourself is always better than being unreasonably ignorant.

Source:loanstreet

www.mqbusinesswealth.com

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