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KUALA LUMPUR: 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.
PETALING JAYA: The price display of drugs and medical services will help mitigate spiralling medical insurance and medical costs, says the Federation of Malaysian Consumers Associations (Fomca).
KUALA LUMPUR: The National Association of Malaysian Life Insurance and Family Takaful Advisors (Namlifa) has urged the government to address the significant price disparity between insured and cash-paying patients at private hospitals, warning that such discrepancies could make medical insurance unsustainable.
THE top 10 illnesses most claimed for medical insurance include pneumonia, influenza and fever, says the Finance Ministry.
KUALA LUMPUR: The top ten illnesses most claimed for medical insurance include pneumonia, influenza and fever, says the Finance Ministry.
PETALING JAYA: Malaysians are pleased with Putrajaya's plan to provide basic health insurance and takaful products, but say that cheaper healthcare should not result in lower quality treatment.
MEDICAL claims inflation has led to a higher rate of claims for medical and health insurance and takaful (MHIT), says Finance Minister II Datuk Seri Amir Hamzah Azizan.
KUALA LUMPUR: The continuous rise in medical inflation has led to an increase in the claims rate for medical and health insurance and takaful (MHIT), says Finance Minister II Datuk Seri Amir Hamzah Azizan.
KUALA LUMPUR: The Life Insurance Association of Malaysia, Malaysian Takaful Association and Persatuan Insurans Am Malaysia have jointly proposed key recommendations to the Public Accounts Committee to enhance affordability, transparency and sustainability in Malaysia's healthcare and insurance sectors.
PUTRAJAYA: The Health Ministry has taken aggressive measures to address the issue of medical inflation, which has led to rising health insurance premiums.
From Dato' Dr Mah Hang Soon, MCA Deputy President.
PETALING JAYA: Insurance companies are likely to implement a co-insurance feature of between 5% and 15% for newly-purchased medical policies, with some to do so from March 1.
PETALING JAYA: Bank Negara is set to implement structural reforms to curb medical inflation, which continues to outstrip global and regional averages.
KUALA LUMPUR: Malaysia needs a whole-of-nation approach to address the rising cost of healthcare, which has led to more expensive premiums for insurance and takaful policyholders.
Everyone is talking about rising medical inflation and health insurance premiums, which have added to households’ financial burden.
KUALA LUMPUR: Insurance and takaful operator (ITO) companies are urged to collaborate with healthcare providers to find solutions to address the increase in medical insurance premiums.
After the launch of Huawei’s new Watch D2 smartwatch in November, buyers discovered they can charge it to their medical insurance rather than paying for it themselves.
GEORGE TOWN: Insurance agent Hazwah Arif Hassan could no longer keep mum after his client was charged a whopping bill of over RM10,000 for a minor medical procedure.
Here's a look at the news highlights from Asean countries in the Star-AseanPlus section for Sunday (March 30, 2025)
