FAOM Supports BNM’s New Co-Payment Insurance Policy Despite Concerns

Quick Summary:

Bank Negara Malaysia’s (BNM) recent move to implement co-payment requirements for medical and health insurance and Takaful (MHIT) products is expected to expand consumer options and enhance financial protection, according to the Fintech Association of Malaysia (FAOM).

BNM has issued a clarification regarding misleading social media posts by some registered agents urging customers to purchase [...]

The post FAOM Supports BNM’s New Co-Payment Insurance Policy Despite Concerns appeared first on Fintech News Malaysia.

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Article Details

Category: StartupsBusinessTechnology

Markets: Malaysia

Topics: Fintech Association of Malaysia (FAOM) Insurtech Bank Negara Malaysia

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-18 @ 06:41:45 (18 hours ago)

News Timezone: GMT +8:00

News Source URL: fintechnews.my

Language: English

Article Length: 415 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fintech News Malaysia

News ID: 21674270

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About Fintech News Malaysia

Main Topics: StartupsBusinessTechnology

Official Website: fintechnews.my

Update Frequency: 5 posts per day

Year Established: 2017

Headquarters: Malaysia

News Last Updated: 22 hours ago

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Publication Timezone: GMT +8:00

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Publisher ID: #74

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