KUALA LUMPUR, Aug 4 (Bernama) -- More than 90 per cent of adjusted medical and health insurance and takaful (MHIT) policies recorded premium increases of less than 10 per cent, while over 200,000 policies benefited from deferred premium adjustments and more than 14,000 policies were reactivated as at 30 April 2025, according to the Ministry of Finance (MoF).
KUALA LUMPUR, June 26 (Bernama) – Allianz Malaysia Bhd fully supports systemic reforms in the healthcare sector to address rising medical costs and ensure the long-term viability of the insurance industry for the benefit of customers.
KUALA LUMPUR, June 25 (Bernama) -- It’s been about three months since the devastating gas pipeline explosion and fire at USJ Putra Heights. Fortunately, there were no fatalities. It shocked Malaysians. Questions are still being asked as to the compensation for damages to houses, properties, possessions and injuries sustained.
KUALA LUMPUR, June 24 (Bernama) -- All insurers and takaful operators have agreed to extend the deadline for the reinstatement of medical and health insurance/ takaful (MHIT) policies and certificates without imposing a waiting period to Aug 31, 2025 from June 30, 2025.
KUALA LUMPUR, June 11 (Bernama) – Malaysia’s general insurance industry is set to expand further in the next few years due to greater awareness of the importance of insurance coverage after the unfortunate Putra Heights gas explosion, which caused extensive damage to homes and properties.
KUALA LUMPUR, May 20 (Bernama) -- Life insurer Manulife Insurance Bhd has introduced a new medical plan, Manulife Health Saver Enrich (MHSE), aimed at providing end-to-end healthcare coverage from prevention to recovery.
KUALA LUMPUR, May 15 (Bernama) -- The Life Insurance Association of Malaysia (LIAM) has urged young Malaysians and first-time insurance buyers to take advantage of the i-MULA 50 starter pack while funds are still available, with only RM2.4 million remaining for eligible applicants nationwide.
By Zufazlin Baharuddin
KUALA LUMPUR, April 4 (Bernama) -- The Public Accounts Committee (PAC) will conduct five more closed proceedings this month regarding the increase in health insurance premiums, private hospital charges, and the impact on public health before preparing a comprehensive report for presentation during the parliamentary session in June.
KUALA LUMPUR, March 27 (Bernama) -- Underfunding in Malaysia’s public health sector remains a key challenge, with healthcare expenditure standing at about four per cent of gross domestic product (GDP), according to Malaysian Reinsurance Bhd (Malaysian Re).
KUALA LUMPUR, March 25 (Bernama) -- Prudential Assurance Malaysia Bhd (PAMB) has reaffirmed its commitment to Bank Negara Malaysia’s (BNM) interim measures despite recent reports that it is increasing health insurance premiums.
KUALA LUMPUR, March 24 (Bernama) -- The overall profitability of life insurance and family takaful funds declined in the second half of 2024 (2H 2024) to RM4.1 billion compared to 1H 2024’s RM8.4 billion due to weaker investment performance and larger net underwriting losses.
KUALA LUMPUR, March 24 (Bernama) -- Increasing the supply of affordable, mid-tier hospital beds and providing incentives for the expansion of not-for-profit hospitals can help mitigate spiralling medical insurance and medical costs.
