takaful

BNM orders insurers to review premium hikes, offer fairer options

The central bank steps in to ensure policyholders have access to affordable coverage amid rising healthcare costs

Life, general insurance premiums hit RM20 bil from Jan to June: BNM governor  

Family and general takaful sectors also had strong growth with total contributions of over RM7 billion 

New co-pay policy for medical insurance, takaful can hit low-income customers, says Fomca

Consumer group suggests co-payment be implemented on a sliding scale so that those earning less would pay less or zero

Co-pay now mandatory for medical insurance, takaful products, says MoF

Ministry announces that implementation will begin in third quarter of this year, aiming to mitigate rising premium costs

New rules require min RM500 co-pay for medical insurance to cut costs, curb unnecessary claims

BNM’s policy document stipulates operators to offer at least one product with minimum co-pay amount alongside existing products, effective Sept 1 

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Duck and cover? FashionValet bought Vivy’s 30 Maple for RM95 mil in 2018

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