Allianz sees more payment defaults in October when moratorium ends


Allianz Malaysia chief executive officer Zakri Khir Zakri Khir: "In any recession or economic downturn, this would be an issue because of cash flow. We anticipate that this would come more and more especially come October when the moratorium of loans is over and people have to pay their loans and their daily needs."

KUALA LUMPUR: Allianz Malaysia Bhd is anticipating more insurance payment default come October after the six-month loans moratorium period ended, its chief executive officer Zakri Khir said on Tuesday.

At present, the insurer does not experience much impact, he said.

Unlock 30% Savings on Ad-Free Access Now!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Others Also Read


Want to listen to full audio?

Unlock unlimited access to enjoy personalise features on the TheStar.com.my

Already a member? Log In