Insurance premiums face scrutiny as hike comes amid record profits by private hospitals, insurers

Insurance crisis: Rising insurance costs in Malaysia have led to policy cancellations and financial difficulties.

PETALING JAYA: Insurance players, Bank Negara Malaysia and the Health Ministry are set to appear before the Parliamentary Special Select Committee (PSSC) for Health tomorrow for a hearing on the issue of rising insurance premiums.

According to the PSSC’s chairman Suhaizan Kaiat, the Life Insurance Association of Malaysia, Malaysian Takaful Association and General Insurance Association of Malaysia have been summoned for the first session.