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takaful

Is hibah still a safe option if courts can reverse it?

After court overturned a RM1 million takaful hibah, sparking confusion and concern among policyholders and the public, experts stress that it remains relevant if done properly

Rising medical costs, insurance premiums: PAC to continue proceedings from June 17-19

Witnesses include Bank Negara, Health Ministry, insurers and Medical Council 

BNM orders insurers to review premium hikes, offer fairer options

The central bank steps in to ensure policyholders have access to affordable coverage amid rising healthcare costs

Life, general insurance premiums hit RM20 bil from Jan to June: BNM governor  

Family and general takaful sectors also had strong growth with total contributions of over RM7 billion 

New co-pay policy for medical insurance, takaful can hit low-income customers, says Fomca

Consumer group suggests co-payment be implemented on a sliding scale so that those earning less would pay less or zero
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Over 23.6 million to benefit as new electricity tariff kicks in July 1

The Energy Commission has set a new average base tariff of 45.40 sen/kWh for RP4, slightly lower than before, bringing overall electricity costs down by up to 19% compared to the previous regulatory period

Apad confirms inDrive licence revoked effective July 24, but company can appeal

Russian-based company can file appeal through the agency for the Transport Ministry's consideration

Schools may close if air quality worsens, five areas hit unhealthy levels: DOE

The department said the areas recorded unhealthy API readings, warns of RM1mil fine for open burning offenders

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