PRIHATIN Economic Stimulus Package: 3-Month Premium Deferment For Insurance And Takaful Plans
Author Avatar

Insurance companies will be offering a premium deferment of three months for policyholders whose source of income is affected by the Covid-19 pandemic. Takaful certificate holders who have had their source of income affected will also be able to defer paying their contributions for three months.

The measure was announced by Prime Minister Tan Sri Muhyiddin Yassin as part of the Prihatin Economic Stimulus Package today. Unfortunately, no further details were given on the process of the premium deferment – we will update the article when we receive more information.

According to the Prime Minister, the insurance and takaful industry will also be contributing to the Ministry of Health’s efforts to carry out more widespread testing for the Covid-19 virus. A special fund amounting to RM8 million will be launched to subsidise the cost of Covid-19 testing at private hospitals or laboratories – for up to RM300 for each medical policy/certificate holder that has been directed to undergo testing by the Ministry of Health.

0 0 votes
Article Rating


Comments (0)

Notify of
Inline Feedbacks
View all comments
Top Insurance Articles
Post Image
Government and Private Hospitals in Malaysia: How Much Do They Really Cost?
The RinggitPlus Team
- 2nd January 2018
We keep hearing that government hospitals are cheaper than the private ones, but what’s the price difference really like? Keep reading to find out!
Post Image
The First Cancer Rider Offering Treatment Allowance & Hospice Care In Malaysia By Takaful IKHLAS
Katrina Balan Quiroz
- 1st July 2021
Around the world, Malaysia included, cancer has remained as one of the leading causes of death. Last year, […]
Post Image
Get Protected Throughout Your Recovery With PRUAll Care
Katrina Balan Quiroz
- 29th October 2021
Oftentimes, when we think about being diagnosed with an illness, whether it may be fatal or not, most […]
Post Image
Introducing FWD Takaful
The RinggitPlus Team
- 17th September 2019
Forget what you thought you already knew about Takaful – and find out what new perspectives FWD Takaful has to introduce.

Related articles

Related Posts Image
Related Posts Image
Related Posts Image
Related Posts Image