Time for Bank Negara to protect the life and health of 31 million Malaysians instead of insurers’ profit and wealth — Lim Guan Eng The time has come for Bank Negara to...
Time for Bank Negara to protect the life and health of 31 million Malaysians instead of insurers’ profit and wealth — Lim Guan Eng Time for Bank Negara to protect the life and health of 31 million Malaysians instead of insurers’ profit and wealth — Lim Guan Eng
Bank Negara had disclosed that life insurance companies have to hike up medical insurance premiums next year to counteract the gross increase in medical costs of 15 per cent in Malaysia for 2025 as compared to the corresponding 10 per cent global medical cost increase and 11.1 per cent increase for the Asia Pacific region.
According to Bank Negara, overall profitability of life insurance and family takaful funds was higher in the first half of 2024 at RM8.4 billion, more than double their profitability in the second half of 2023 at RM3.2 billion.
Bank Negara Malaysia Bnm Insurance Companies Insurance Premiums Healthcare Lim Guan Eng
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