New BNM ruling on Medical Insurance

Hi Ignatius, welcome to AskCF
Please show us the exact information you are referring to because we have seen too many cases where BNM info is taken out of context or being misinterpreted by the insurance agents you have talked to.
 
Also the best medical insurance plan depends on many variables, such as your budget, your health condition, your company coverage (if any). The analogy to this is - when you walk into a pharmacist, you don't ask 

Which medicine is the best?

The best pharmacist also cannot answer you when he/she has no context on your health condition, allergy (if any), dosage (varies depending on severity of your condition) and budget (some meds are more expensive than others).

Attached the proposal by the agent.
Write of of proposal at renewability, 1 in April'21 and 1 in Oct'21.
in April 2021
(ix) Renewability - This Policy, including any rider(s) which are still in force at the time of Policy Renewal, will be renewed immediately after Maturity Date, up to Policy Anniversary when the Life Assured attains age one hundred (100) years old nearest birthday. Any Account Value as of Maturity Date will be carried forward at renewal.
 
In Oct 2021
(ix) Option to Purchase New Plan upon Maturity - You have the option to purchase a new plan upon the Maturity Date or Expiry Date of this Policy (“Option”) without further health underwriting and provided that the following conditions are met:
(a) The Life Assured meets the eligibility age of the new plan;
(b) You must notify Us of your decision to exercise this Option no earlier than ninety (90) days before the Maturity Date or Expiry Date by giving Us a written notice to such effect;
(c) The new policy shall be issued in the name of the same Life Assured of this Policy; and
(d) The Insured Amount for the new policy shall not exceed the Insured Amount of this Policy.
They claim that it is new directive from BNM starting Oct 2021, that all policy only renewable up to the covered date proposed. Does it may any difference, in your opinion? Does it mean that the base policy and its rider now are not guaranteed renewable up to 100 years old?
Thanks.
 

Actually this is nothing new and the rationale behind it is called sustainability. Policy is designed to cover up to age 100 but it has NEVER been guaranteed to be renewable until age 100 at the same premium due to sustainability factors.
Have your agent explained to you what is sustainability?

Ok, please watch the videos below to understand the 'full bit'

1. https://askcf.com/rider-vs-term-aia/
2. https://askcf.com/details-ilp/
3. https://askcf.com/coi-hike/
4. https://askcf.com/ilp-sustainability/