BNM mandates cost-sharing in medical and health insurance, takaful products from Q3, says deputy finance minister

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KUALA LUMPUR, July 1 — Bank Negara Malaysia (BNM) has required insurers and takaful operators (ITO) to introduce cost-sh...

This database will also pave the way towards the publication of medical costs for common procedures to make it easier for users to make decisions about treatment facilities and purchase insurance based on sufficient information, she added.

She was replying to Khoo Poay Tiong’s (PH-Kota Melaka) question about the increase in the cost of medical insurance premiums.

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Article Details

Category: EconomyBusiness

Markets: Malaysia

Topics: Cost-sharing Bank negara malaysia bnm Health insurance Takaful Insurers and takaful operators ito

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-01 @ 18:50:34 (2 days ago)

News Timezone: GMT +8:00

News Source URL: malaymail.com

Language: English

Article Length: 302 words

Reading Time: 2 minutes read

Sentences: 10 lines

Sentence Length: 31 words per sentence (average)

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Copyright Owner: © Malay Mail

News ID: 21450049

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