Reforming our private health insurance still needs lots of work

Many parties, ranging from Bank Negara as a regulator to the public who are the purchasers and utilisers of private health insurance, need to be involved in the reform of such insurance in Malaysia. — Filepic

There was public outcry about the substantial increase (ranging from 40% to 70%) in the premiums for private health insurance over the past two years.

According to Bank Negara, more than 340,000 medical insurance and takaful policies were cancelled between January 2024 and June 2025.