Insurance co-payment to gain momentum

Manulife Holdings Bhd group chief executive officer Vibha Coburn.

KUALA LUMPUR: The recent move by Bank Negara in mandating co-payment options for all new health insurance products effective Sept 1 has raised some concerns.

One of the main grouses is that many people, especially those from the low and middle-income brackets, may find it challenging to fork out a lump sum for medical costs when treatment is sought.