Insurance Fraud: A Growing Concern in Malaysia
Understanding the Issue
Insurance fraud is a significant problem in Malaysia, with millions of ringgit lost in scams each year. In the past five years, 97 cases of insurance fraud have been recorded, resulting...
Public Accounts Committee to Present Report on Health Insurance Premiums and Private Hospital Charges
The Public Accounts Committee (PAC) is set to begin its closed-door proceedings regarding the increase in health insurance premiums, private hospital charges, and their impact on...
Insurance Manager Loses RM1.393 Million in Online Investment Scam
Background
An insurance manager from Johor Bahru lost a staggering RM1.393 million after allegedly being scammed into an online investment scheme in November last year. The victim, a 59-year-old man, received a...
False Police Report Lodged to Claim Insurance
The Incident
A man in Petaling Jaya has been accused of lodging a false police report claiming that his luxury car was stolen, in an attempt to file an insurance claim. According to Superintendent...
Addressing the Rise in Medical Insurance Premiums: BNM's Interim Measures
Introduction
The rise in medical insurance premiums has been a pressing concern in Malaysia, with some insurers announcing a 40-70% hike in premiums from next year. Bank Negara Malaysia (BNM) has...
Medical Insurance Premiums: A Growing Concern for Families and Healthcare Equity
The Impact of Rising Premiums
The Federation of Private Medical Practitioners' Associations has warned of far-reaching implications for families, high-risk patients, and overall healthcare equity when medical insurance premiums increase...
