KUALA LUMPUR: Beginning next year, insurers will be required to offer pure protection products through a direct channel without commissions, said Bank Negara governor Datuk Muhammad Ibrahim.
“The high Internet and mobile phone penetration in Malaysia suggests that internet or mobile insurance makes good sense,” he said in his speech at the 6th Malaysian Insurance Summit.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
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!