Steps include strengthening digital health system, expanding cost-effective healthcare options, says BNM Governor

KUALA LUMPUR, June 26 — The government is considering introducing a basic insurance scheme to help reduce the impact of rising medical costs, which has become a growing concern among the public, said Finance Minister II Datuk Seri Amir Hamzah Azizan.

KUALA LUMPUR, March 10 — Bank Negara Malaysia (BNM) has refined several entry requirements for digital insurers and Takaful operators (DITOs) in its policy document on licensing and regulatory framework for DITOs released today.

KUALA LUMPUR, Dec 22 — 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, Nov 27 — Bank Negara Malaysia (BNM) has been asked to investigate and review the “excessive” increase in insurance premiums.

By Danial Dzulkifly SHAH ALAM, Nov 22 — The Selangor General Insurance Scheme (Insan), which offers coverage for eligible residents, will be reviewed after its policy ends in August of next year. Menteri Besar Dato’ Seri Amirudin Shari clarified to the Selangor State Legislative Assembly the...

By Danial Dzulkifly SHAH ALAM, Nov 22 — The Selangor General Insurance Scheme (Insan), which provides coverage for eligible residents, will be discontinued, to be replaced with the reintroduced Khairat Darul Ehsan death benefit. Speaking in the Selangor State Legislative Assembly today, state...

KUALA LUMPUR, Nov 8 — A total of 28,811 notices were issued by the Road Transport Department (RTD) for various offences in Op Khas Motosikal since it was implemented on November 1.

By Norrasyidah Arshad and Suhaila Shahrul Annuar SHAH ALAM, Oct 10 — The state’s Special Select Committee on Competency, Accountability, and Transparency (Selcat) was told today there were no data breaches related to the Selangor General Insurance Scheme (Insan). Menteri Besar Selangor...

KUALA LUMPUR, Oct 12 — Capco’s 2023 Malaysian survey of insurance policyholders revealed that 92 per cent of consumers polled would consider sharing additional personal data with insurers to gain a range of benefits, with the strongest motivations being more personalised services and enhanced claims processes.

KUALA LUMPUR, Oct 10 — The Malaysian Takaful Association (MTA) hopes the government will offer an affordable and adequate takaful protection plan for the B40 and M40 income groups in Budget 2024.

By Rohaizah Zainal GOMBAK, Oct 4 – Menteri Besar Selangor (Incorporated), or MBI, has completed the compensation process for 57 families under the Selangor General Insurance Scheme (Insan), involving an amount of RM669,000. Its chief operating officer Saipolyazan M Yusop said since the start...

ALOR SETAR, July 3 — Road users, especially motorcyclists aged between 15 and 35 have been categorised as a high-risk group in terms of involvement with road accidents, including those involving death, according to the Road Transport Department (JPJ) data.

KUALA LUMPUR, June 14 – The Ministry of Human Resources (KSM) has found that senior citizens still want to continue working due to financial commitments.

KUALA LUMPUR, March 20 — The Ministry of Domestic Trade and Cost of Living (KPDN) is planning to introduce the 'Insurans Rahmah' or Rahmah Insurance initiative to provide more affordable protection rates for the people.

KUCHING, Feb 18 — The government is open to expanding the ‘Rahmah’ initiative to the banking and insurance sectors.

By Nasuha Badrul Huzaini SHAH ALAM, Oct 1 — The Insurans Hayat Selangor (Insan) programme, which provides six million individuals with free general insurance, is now open for registration. State executive councillor for investment, industry and trade Dato’ Teng Chang Khim said that beginning...

KUALA LUMPUR, May 17 — Malaysian Reinsurance Bhd (Malaysian Re) disclosed that the December 2021 floods had resulted in economic losses of between RM5.3 billion and RM6.5 billion.

PUTRAJAYA, April 28 — Effective May 1, travellers under three categories are no longer required to undergo Covid-19 test before departing to Malaysia and upon arrival, Health Minister Khairy Jamaluddin said.

KUALA LUMPUR, Nov 16 — The insurance and takaful industry has rolled out Phase Two of the Perlindungan Tenang Voucher (PTV) programme for the bottom 40 per cent of the household income group (B40), starting Nov 15, 2021, according to three associations.