Insurance groups announce interim measures to alleviate impact of premium hikes

Life Insurance Association Of Malaysia (LIAM) News

Insurance groups announce interim measures to alleviate impact of premium hikes
Insurance Premium HikesMalaysian Takaful Association (MTA)Persatuan Insurans Am Malaysia (PIAM)
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KUALA LUMPUR, Dec 20 — The Life Insurance Association of Malaysia (LIAM), the Malaysian Takaful Association (MTA) and Persatuan Insurans Am Malaysia (PIAM) today announced...

Earlier today, Bank Negara Malaysia announced interim measures to help manage the impact of MHIT premium adjustments, with insurers and takaful operators to spread out the changes in premiums over a minimum of three years for all policyholders affected by the repricing. — File picture by Meira Zulyanaas a first-time user .

Earlier today, Bank Negara Malaysia announced interim measures to help manage the impact of MHIT premium adjustments, with insurers and takaful operators to spread out the changes in premiums over a minimum of three years for all policyholders affected by the repricing. “Policyholders or participants who have surrendered or lapsed their policies or certificates due to medical repricing in 2024 will be eligible for reinstatement without additional underwriting requirements.

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Insurance Premium Hikes Malaysian Takaful Association (MTA) Persatuan Insurans Am Malaysia (PIAM) Interim Measures

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