1. Innovative Financial Solutions for Cancer Treatment of Seniors

• Kalsis Services Sdn Bhd is a Malaysian company founded in 2024 that specializes in financial solutions for seniors, especially those facing critical illnesses like cancer or heart disease.

• Their main product is a reverse annuity scheme that lets homeowners access their property’s value without having to sell or move out.

2. How the Reverse Annuity Scheme Works

• Homeowners sell their property title at market value and receive:

- An immediate lump sum payment for urgent medical needs like cancer treatment.

- Monthly payments for life to cover living expenses

- They can continue living in their home throughout the process.

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3. Secure Partnership with Kenanga

• The scheme was developed with Kenanga Investors Berhad providing financial backing.

• Key safeguards include:

- A Special Purpose Vehicle (SPV) to handle transactions

- Kenanga Trustee Berhad overseeing fund management

- Funding comes from institutional investors managed by Kenanga.

About Kalsis Services Sdn Bhd

Kalsis Services Sdn Bhd, established in 2024, specializes in innovative financial solutions for Malaysian seniors, particularly those with critical illnesses like cancer.

Its reverse annuity scheme enables homeowners to sell property titles for immediate funds and lifetime monthly payments while continuing to reside in their homes.

The company, partnered with Kenanga Investors, covers home maintenance, insurance, and healthcare support.

Unlike traditional reverse mortgages, Kalsis’s model involves direct home equity sales, inspired by France’s viager system.

Targeting asset-rich but cash-poor seniors, Kalsis addresses Malaysia’s aging population challenges.

The scheme includes safeguards like trustee oversight and declining beneficiary payouts over time, offering a dignified retirement financing option.

4. Additional Benefits for Participants

• Free services included:

- Basic home repairs and pest control

- Fire safety devices and home insurance

- Property handling after death:

- The home is sold with proceeds going to investors

- If death occurs earlier than expected, beneficiaries get a decreasing percentage (e.g., 72% in first year down to 5% after 10 years)

5. What Makes Kalsis Different


• Unlike traditional reverse mortgages (like Cagamas Bhd’s loans), this is a direct home equity sale based on France’s viager system.

• Designed specifically for:

- Seniors who own homes but need cash for medical care like cancer treatment or retirement

- Addressing Malaysia’s aging population challenges

6. Industry Recognition and Healthcare Partnerships

• Collaborates with healthcare providers including hospitals.

• Financial experts praise the innovation but recommend carefully reviewing long-term implications

7. Company Overview

• Headquarters: Kuala Lumpur

• Mission: To help seniors maintain financial stability and dignity during retirement

Final Note:

Kalsis provides Malaysian seniors with a practical way to fund cancer treatments and retirement while keeping their homes, offering a solution to the growing challenge of healthcare costs in retirement.

How to Get Financial Aid for Cancer Treatment in Malaysia

Cancer treatment in Malaysia is financially challenging, but patients can access various funding sources. 

Government healthcare subsidies provide affordable treatment at public hospitals, though waiting times may be longer.

Initiatives like MySalam (RM8,000 for B40 patients) and PeKa B40 (health screenings and financial aid) assist low-income groups.

Private health insurance covers cancer treatment if diagnosed after policy activation, while SOCSO supports work-related illnesses.

Employees can withdraw EPF Account 2 for medical expenses or use employer-provided insurance.

NGOs play a crucial role, with organizations like the National Cancer Society Malaysia (NCSM), MAKNA, and Rumah Kanser Kanak-Kanak (RKK) offering financial aid, screenings, and support.

Disease-specific groups like Pink Ribbon Malaysia and CIMA also help.

Crowdfunding (SimplyGiving, GoGetFunding) and bank loans provide alternative funding.

Some private hospitals offer installment plans. Additionally, clinical trials at institutions like UM Medical Centre and Sunway Medical Centre may provide free or low-cost experimental treatments.

Key tips for patients include verifying eligibility for government aid, consulting hospital social workers, comparing treatment costs, and combining multiple funding sources (insurance + EPF + NGO aid) for better financial relief.

Read the full article here:

How to Get Financial Aid for Cancer Treatment in Malaysia