KUALA LUMPUR: The General Insurance Association of Malaysia (PIAM) has assured flood victims with flood insurance coverage its members are ready to speed up the claims process and payout claims against losses caused by the current flood situation. PIAM member companies will process all flood claims so long as flood is an insured peril, regardless of whether a state of emergency is declared or not,” it said in a statement today.
It said member companies are committed to expedite flood claims settlement by reaching out to claimants and prepared to waive claim forms and supporting documents for shorter turnaround times.
KUALA LUMPUR (Dec 23): Insurance and Takaful providers have broadened the eligibility criteria of the Covid-19 Test Fund (CTF) to include all asymptomatic individual and group medical health insurance policy and takaful certificate holders (MHIT) in the country.
In a joint statement, the Life Insurance Association of Malaysia (LIAM), Malaysian Takaful Association (MTA) and General Insurance Association of Malaysia (PIAM) said the move was done in view of the spike in Covid-19 cases in the country.
They said all individual and group policy and certificate holders who are asymptomatic are now eligible to claim from the CTF for Covid-19 tests done at any authorised labs or medical facilities registered with the Ministry of Health (MoH).