Healthcare insurance premium may rise


From 2010 to 2014, premium rate increased by an average of 12% per year, driven by high inflation in healthcare costs. This was revealed in a joint statement by three insurance associations

PETALING JAYA: Malaysian healthcare insurers expect premium rates to increase from 12% to 15% per year due to increasing demand for services from the affluent and higher incidences of chronic and lifestyle diseases, such as diabetes and obesity.

From 2010 to 2014, premium rate increased by an average of 12% per year, driven by high inflation in healthcare costs. This was revealed in a joint statement by three insurance associations – Life Insurance Association of Malaysia, Persatuan Insurance Am Malaysia and Malaysian Takaful Association.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 48
Cxense type: NA
User access status: 0
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Business , insurance , hospital , costs , healthcare ,

   

Next In Business News

AirAsia to lease 15 new planes to meet demand driven by China's reopening
BP profit soars to record US$28bil, dividend increased
Bed Bath & Beyond's road to potential bankruptcy
Manufacturing sales up 8.6% to RM156.3bil in Dec 2022
Malaysia's service producer price index up 3.3% in 4Q22
SCIB, Bintai Kinden explore potential partnership
Hartalega posts 3Q net loss of RM31.91mil as soft demand continues to bite
Malaysia's IPI grew at 6.9% in 2022 driven by manufacturing, mining indices
LPI confident of tackling challenges in 2023
Bursa falls as economic jitters escalate

Others Also Read