THERE have been calls to make life insurance policies in Malaysia more affordable in order to boost the take-up of coverage among the rakyat, especially the Bottom-40 (B40) group, who make up the lowest-earning households in Malaysia.
According to Life Insurance Association of Malaysia (LIAM) chief executive officer Mark O’Dell (pic), while the government has in the past introduced various measures to help lower insurance premiums in the country, more can still be done to encourage the B40 segment to get individual coverage.