Health insurance premiums have surged by 10-15% annually, exacerbated by a growing burden of NCDs combined with an ageing population - while insurance penetration at 57%, highlights gaps in accessible protection.
Climate change risks such as flooding are also burdening households due to rising premiums, with Malaysia suffering RM2 billion in damage costs in 2021 alone.
NIAGA SPOTLIGHT features Dato’ Indrani Thuraisingham, Legal Advisor, Federation of Malaysian Consumers Associations (Fomca) discussing insurance reform and universal coverage to ensure the Rakyat’s wellbeing.
Climate change risks such as flooding are also burdening households due to rising premiums, with Malaysia suffering RM2 billion in damage costs in 2021 alone.
NIAGA SPOTLIGHT features Dato’ Indrani Thuraisingham, Legal Advisor, Federation of Malaysian Consumers Associations (Fomca) discussing insurance reform and universal coverage to ensure the Rakyat’s wellbeing.
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