Published on: Tuesday, May 11, 2021
By: Bernama
Datuk Dr N. Marimuthu : Credit Bernama
Kuala Lumpur: The Federation of Malaysian Consumers Association (Fomca) calls on all consumers with medical insurance policies to inform them of the price increase of their premiums.
Its President, Datuk Dr Marimuthu Nadason, in a statement said Fomca has been receiving complaints from policyholders of medical insurance of indiscriminate increase in the price of their premiums.
“Many consumers have been forced to pay increasing medical premiums. It is certainly wrong and unacceptable that insurance companies, at this time, raise premium prices to make excessive profits. Consumers are already suffering. Fomca will be launching a national campaign to urge Bank Negara Malaysia (BNM) to stop the increase in medical premiums,” he said.