Rising medical inflation cause of hike in insurance premiums
PARLIAMENT | The continuous rise in medical inflation has led to an increase in the claims rate for medical and health insurance and takaful (MHIT), Finance Minister II Amir Hamzah Azizan said.
He said Bank Negara Malaysia (BNM) had taken several interim measures to curb the impact of rising MHIT premiums on policyholders, which took effect on Jan 15.
The interim measures include the distribution of premium…
