KUALA LUMPUR, April 16 — The Life Insurance Association of Malaysia (LIAM) is working closely with Bank Negara Malaysia (BNM) and the Health Ministry (MOH) to develop an affordable basic insurance plan to ensure that existing policyholders, especially retirees and lower-income groups, continue to receive adequate coverage.

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.

KUALA LUMPUR, April 14 — Malaysia’s life insurance industry has recorded a 5.3 per cent rise in sum assured in force amounting to RM1.9 trillion in 2022 versus RM1.8 trillion in 2021, said the Life Insurance Association of Malaysia (Liam).

KUALA LUMPUR, March 7 — The Life Insurance Association of Malaysia (LIAM) has announced that life insurers are granting additional time of a few months for the payment of premiums in order to help flood victims in the country.

KUALA LUMPUR, Feb 13 — Bank Negara Malaysia (BNM) through its Financial Capability and Inclusion Side (FCI 2021 survey) has found that 30 per cent of Malaysians felt that their debts were burdensome, which seems to be a long-term problem among salaried workers in Malaysia.

KUALA LUMPUR, Dec 29 — Life insurance and family takaful policyholders affected by the floods have been offered a range of support and relief measures, including an extra timeline of a few months for payment of premiums/contributions.

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.

KUALA LUMPUR, March 12 — A majority of life insurance companies in the country are extending financial assistance to their policyholders who may develop side effects or complications resulting in hospitalisation from  Covid-19 vaccination.

KUALA LUMPUR, Nov 30 — The life insurance industry, which recorded a 37 per cent quarter-on-quarter (q-o-q) drop in new business premiums in the second quarter of 2020, rebounded in the third quarter (Q3) with a q-o-q increase of 44 per cent in new business premiums.