KUALA LUMPUR: The Life Insurance Association of Malaysia (LIAM) said it is in discussions with Bank Negara Malaysia (BNM) about measures that can be taken to ease the burden on policyholders resulting from the unprecedented rise in claims over the past few years.
In a statement today, the association denied saying there would be "no immediate change" to the recent rate hikes of medical insurance premiums that ranged from 40 per cent to 70 per cent, as reported by local media.
