| LATEST NEWS | Malaysia to bring up Israeli attacks, destruction of Gaza to US President Donald Trump's attention at ASEAN Summit this October - PM Anwar | FA Cup: Penang FC 3-0 Melaka FC (aggregate 5-0) | Israeli strike an assault on Qatar’s sovereignty, violation of international law and reckless provocation - PM Anwar | Malaysia calls for severe punitive actions against Israel - PM Anwar | Prime Minister Datuk Seri Anwar Ibrahim delivers Malaysia’s national statement at the Extraordinary Arab-Islamic Summit in Doha, condemning Israel’s aggression | |
KUALA LUMPUR, Aug 15 (Bernama) -- Interim measures to manage rising medical costs remain effective, as ongoing initiatives will strengthen healthcare delivery and help curb medical insurance inflation, said Bank Negara Malaysia (BNM) Governor Datuk Seri Abdul Rasheed Ghaffour.
KUALA LUMPUR, Aug 15 (Bernama) -- The Credit Counselling and Debt Management Agency (AKPK) has introduced a free financial management service to assist policyholders affected by premium increases for their medical and health insurance and takaful (MHIT) plans.
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 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, 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.
KUALA LUMPUR, March 11 (Bernama) -- Bank Negara Malaysia (BNM) and relevant stakeholders are working together to expedite the implementation of a long-term solution to effectively control medical cost inflation, said Finance Minister II Datuk Seri Amir Hamzah Azizan.
KUALA LUMPUR, Feb 26 (Bernama) -- A more in-depth study will be conducted to consider the feasibility of detailed reporting on the profit and loss of each medical insurance policy, said Deputy Finance Minister Lim Hui Ying.
KUALA LUMPUR, Feb 20 (Bernama) -- The proposal for the implementation of subsidies for the development of basic medical and health insurance and takaful (MHIT) products requires in-depth studies, including the long term impact on overall healthcare costs, said Deputy Finance Minister Lim Hui Ying.
By Nurunnasihah Ahmad Rashid
KUALA LUMPUR, Dec 30 (Bernama) -- The Malaysian Financial Planning Council (MFPC) is strongly urging affected insurance policyholders not to terminate their policies due to premium adjustments after Bank Negara Malaysia (BNM) introduced interim measures to regulate medical and health insurance/takaful (MHIT) premiums.
By Zufazlin Baharuddin
KUALA LUMPUR, Dec 22 (Bernama) -- A review of the insurance industry’s performance in 2024 will undoubtedly have to include the backlash faced by the insurance and takaful industry after it announced a steep hike in medical insurance premiums.
KUALA LUMPUR, Dec 21 (Bernama) -- The Financial Planning Association of Malaysia (FPAM) has welcomed Bank Negara Malaysia’s (BNM) move to cap annual premium increases for medical insurance and takaful at 10 per cent.
