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Life insurers, family takaful operators offer relief measures to assist flood victims

KUALA LUMPUR: Life insurance and family takaful policyholders affected by the floods have been offered a range of support and relief measures, including an extra timeline of a few months for payment of premiums/contributions.

Malaysian insurance group estimates flood claims payout at RM3b | Malaysia

KUALA LUMPUR, Dec 28 ― The General Insurance Association of Malaysia (PIAM) today said it estimates payout from claims as a result of the devastating floods that swept across the peninsula could total RM3 billion. As such, it pledged to add RM2.4 million to its recently launched flood relief fund.

50,000 Cars Damage By Floods, But 95% Of Owners Won t Get Insurance Compensation

Relieved to be insured

PETALING JAYA: A car owner is relieved as he had purchased special perils insurance coverage for his vehicle, which ended up getting damaged in the recent floods that hit the Klang Valley.

Finance minister: Benefit payment for mySalam rises six-fold to RM76 9m in 2020 | Malaysia

KUALA LUMPUR, Dec 21 The benefit payment for mySalam scheme for hospitalisation and critical illnesses have increased six-fold to RM76.9 million in 2020, and subsequently rose to RM120.9 million for the first 11 months of 2021. Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz said mySalam.

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