Insurers extend payment deferment to June 30

LIAM President Loh Guat Lan said the impact of this Covid-19 is huge and prolonged. As such, the industry needs to continue to safeguard the customers’ interest.

KUALA LUMPUR: All life insurance companies and family takaful operators have extended the three-month deferment premium/ contribution payment initiative for policy/certificate holders financially affected by the pandemic up to June 30.

The Life Insurance Association of Malaysia (LIAM) and the Malaysian Takaful Association (MTA) said in a statement on Friday during this period they will continue to provide insurance and takaful protection to the affected policy/certificate holders.