Latest Insurance News in Malaysia

PIAM APPOINTS BOARD OF DIRECTORS FOR 2020-2022

Kuala Lumpur, 2 July 2020 – At its Annual General Meeting today Persatuan Insurans Am Malaysia (PIAM) appointed a 10-member Board of Directors for 2020-2022. In line with the strategic transformation of PIAM this newly established Board will take over Learn more

Insurance and Takaful industry’s RM8 Million COVID-19 Test Fund broadens eligibility criteria to include Emergency and Semi Emergency cases

Kuala Lumpur, Wednesday, 13 May 2020 – In addressing the needs of the policyholders/certificate holders and to protect the healthcare front liners from the risk of COVID-19 infection, the Life Insurance Association of Malaysia (LIAM), Persatuan Insurans Am Malaysia (PIAM) Learn more

UNDERSTANDING YOUR GENERAL INSURANCE COVERAGE DURING THE MOVEMENT CONTROL ORDER (MCO)

Kuala Lumpur, 30 April 2020 – As we continue to ride through the unprecedented wave of the current global COVID-19 pandemic, the General Insurance Association of Malaysia (PIAM) is aware of many uncertainties that have arisen amongst the consumers. There Learn more

The insurance and takaful industry is broadening the eligibility for reimbursement from the COVID-19 Test Fund (CTF) to benefit more consumers

Kuala Lumpur, Saturday, 11 April 2020 – The Life Insurance Association of Malaysia (LIAM), Persatuan Insurans Am Malaysia (PIAM) and the Malaysian Takaful Association (MTA) have broadened the reimbursement eligibility to encourage more insurance policyholders/takaful certificate holders to undergo COVID-19 Learn more

INSURANCE AND TAKAFUL INDUSTRY LAUNCHES THE COVID-19 TEST FUND (CTF) PORTAL AIMED AT TESTING OVER 26,600 PEOPLE

Kuala Lumpur, Wednesday, 8 April 2020 – The Life Insurance Association of Malaysia (LIAM), Persatuan Insurans Am Malaysia (PIAM) and the Malaysian Takaful Association (MTA) have finalised the operational details of the COVID-19 Test Fund (CTF) to benefit medical insurance Learn more

GENERAL INSURANCE INDUSTRY TAKES VARIOUS MEASURES TO HELP POLICYHOLDERS

Kuala Lumpur, 7 April 2020 – The General Insurance Association of Malaysia (PIAM) would like to highlight the various measures undertaken by our member companies to support all policyholders and customers during the COVID-19 Pandemic.   While some insurance companies Learn more

INSURANCE AND TAKAFUL INDUSTRY ANNOUNCES DETAILS ON COVID-19 TEST FUND

Kuala Lumpur, Wednesday, 1 April 2020 – The Life Insurance Association of Malaysia (LIAM), Persatuan Insurans Am Malaysia (PIAM) and the Malaysian Takaful Association (MTA) have finalised the details of the COVID-19 Test Fund (CTF) for the benefit of medical Learn more

Insurance and Takaful industry pledges RM8 million in support of Ministry of Health’s efforts to conduct COVID-19 Testing for Malaysians

Kuala Lumpur, Friday, 27 March 2020 – The Life Insurance Association of Malaysia (LIAM), Persatuan Insurans Am Malaysia (PIAM) and the Malaysian Takaful Association (MTA) today pledged an RM8 million contribution to establish a special fund for COVID-19 testing for Learn more

PIAM CLARIFIES DEFERRED PREMIUM PAYMENT

Kuala Lumpur, 27 Mar 2020 – With reference to the infographic below which is trending viral on social media, PIAM would like to clarify that the deferment of premium payment is NOT APPLICABLE TO GENERAL INSURANCE POLICIES. It is applicable to life insurance Learn more

MOTOR INSURANCE COVERAGE DURING THE MOVEMENT CONTROL ORDER (MCO) PERIOD

Kuala Lumpur, 25 Mar 2020 – PIAM understands and fully empathizes with consumers who are concerned over their motor insurance coverage during the current Movement Control Order (MCO) period. Consumers are reminded that all motor insurance must be kept valid Learn more