Steep hike in insurance premium

I RECENTLY received a letter from my insurance company stating that my medical insurance premium would increase from RM540 per month to RM2,030 per month.

The reasons cited were the significant increase in the cost of medical treatments and my attaining the age of 65.

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Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

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Insurance premiums; unfair hikes

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