“This flexibility may be provided by life insurers and family takaful operators through a no-lapse guarantee, an extension of grace period or any other means that maintain the policy/certificate intact during the deferment period, ” Bank Negara in a statement.
KUALA LUMPUR: Life insurance policy holders and family takaful participants will have the option to defer their regular payments for three months without affecting their policy coverage.
“This flexibility may be provided by life insurers and family takaful operators through a no-lapse guarantee, an extension of grace period or any other means that maintain the policy/certificate intact during the deferment period, ” Bank Negara in a statement.
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