Insurance and Takaful industry’s RM8 Million COVID-19 Test Fund broadens eligibility criteria to include Emergency and Semi Emergency cases
Kuala Lumpur, Wednesday, 13 May 2020 – In addressing the needs of the policyholders/certificate holders and to protect the healthcare front liners from the risk of COVID-19 infection, the Life Insurance Association of Malaysia (LIAM), Persatuan Insurans Am Malaysia (PIAM) and the Malaysian Takaful Association (MTA) have broadened the eligibility criteria of the RM8 Million COVID-19 Test Fund (CTF) to include COVID-19 tests required for hospital admission for emergency [...]
Understanding Your General Insurance Coverage During The Movement Control Order (MCO)
Kuala Lumpur, 30 April 2020 – As we continue to ride through the unprecedented wave of the current global COVID-19 pandemic, the General Insurance Association of Malaysia (PIAM) is aware of many uncertainties that have arisen amongst the consumers. There is genuine concern if their insurance policy will provide them with the protection that they need. Property and business related insurance are high on the list for obvious reasons. PIAM [...]
The insurance and takaful industry is broadening the eligibility for reimbursement from the COVID-19 Test Fund (CTF) to benefit more consumers
Kuala Lumpur, Saturday, 11 April 2020 – The Life Insurance Association of Malaysia (LIAM), Persatuan Insurans Am Malaysia (PIAM) and the Malaysian Takaful Association (MTA) have broadened the reimbursement eligibility to encourage more insurance policyholders/takaful certificate holders to undergo COVID-19 tests. Under the revised eligibility, all the policyholders/certificate holders can claim from the CTF if they: a. have acute respiratory infection (sudden onset of respiratory infection with at [...]
INSURANCE AND TAKAFUL INDUSTRY LAUNCHES THE COVID-19 TEST FUND (CTF) PORTAL AIMED AT TESTING OVER 26,600 PEOPLE
Kuala Lumpur, Wednesday, 8 April 2020 – The Life Insurance Association of Malaysia (LIAM), Persatuan Insurans Am Malaysia (PIAM) and the Malaysian Takaful Association (MTA) have finalised the operational details of the COVID-19 Test Fund (CTF) to benefit medical insurance policyholders and takaful certificate holders nationwide. Earlier the insurance and takaful industry has pledged RM8 million to set up the fund which is in support of the Ministry [...]
GENERAL INSURANCE INDUSTRY TAKES VARIOUS MEASURES TO HELP POLICYHOLDERS
Kuala Lumpur, 7 April 2020 – The General Insurance Association of Malaysia (PIAM) would like to highlight the various measures undertaken by our member companies to support all policyholders and customers during the COVID-19 Pandemic. While some insurance companies are temporarily closing the operation of their branch offices and shortening their opening hours following the Movement Control Order (MCO) announced by the Prime Minister on 16 March 2020, [...]
INSURANCE AND TAKAFUL INDUSTRY ANNOUNCES DETAILS ON COVID-19 TEST FUND
Kuala Lumpur, Wednesday, 1 April 2020 – The Life Insurance Association of Malaysia (LIAM), Persatuan Insurans Am Malaysia (PIAM) and the Malaysian Takaful Association (MTA) have finalised the details of the COVID-19 Test Fund (CTF) for the benefit of medical insurance policyholders and takaful certificate holders. The RM8 million CTF has been pledged by the insurance and takaful industry in support of the Ministry of Health’s efforts to [...]
COVID-19 – Pandemic Insurance and Takaful industry pledges RM8 million fund for COVID-19 testing in support of Ministry of Health’s efforts to conduct more COVID-19 Testing on Malaysians
Kuala Lumpur, Thursday, 27 March 2020 – The Life Insurance Association of Malaysia (LIAM), Persatuan Insurans Am Malaysia (PIAM) and the Malaysian Takaful Association (MTA) today pledged an RM8 million contribution to establish a special fund for COVID-19 testing for medical insurance policyholders and medical takaful certificate holders in support of the Ministry of Health’s efforts to conduct more COVID-19 testing on Malaysians. The philanthropic contribution is part [...]
PIAM CLARIFIES DEFERRED PREMIUM PAYMENT
Kuala Lumpur, 27 Mar 2020 – With reference to the infographic below which is trending viral on social media, PIAM would like to clarify that the deferment of premium payment is NOT APPLICABLE TO GENERAL INSURANCE POLICIES. It is applicable to life insurance policies and family Takaful certificates only. This has been clearly indicated in the Press Release entitled “Additional Measures to Further Support SMEs and Individuals Affected by the COVID-19 [...]
MOTOR INSURANCE COVERAGE DURING THE MOVEMENT CONTROL ORDER (MCO) PERIOD
Kuala Lumpur, 25 Mar 2020 – PIAM understands and fully empathizes with consumers who are concerned over their motor insurance coverage during the current Movement Control Order (MCO) period. Consumers are reminded that all motor insurance must be kept valid during the MCO period. Member companies of PIAM are working to ensure that all aspects of valid insurance protection to policyholders are not affected during this period. To [...]
COVID-19 Pandemic – An Update on Branch Operations during Movement Control Order
Kuala Lumpur, Monday, 23 March 2020 – Members of the Life Insurance Association of Malaysia (LIAM), Persatuan Insurans Am Malaysia (PIAM) and the Malaysian Takaful Association (MTA) have taken proactive steps to ensure that essential services continued to be available to customers during the Movement Control Order (MCO) period from 18 March to 31 March 2020. In support of the Government’s effort to curb the spread of COVID-19 [...]
