MediAsas to offer more affordable private medical insurance
BNM deputy governor Aznan Abdul Aziz says the new plan aims to make private healthcare coverage more accessible and sustainable.
Bank Negara Malaysia's deputy governor, Aznan Abdul Aziz, announced that MediAsas will be rolled out nationwide in January 2027 to offer a more affordable private medical insurance option for Malaysians priced out of existing private medical and health insurance (MHIT) plans. Unlike high-limit plans that drive up premiums, MediAsas aims to provide adequate coverage at manageable costs, with policyholders eligible for limits of RM2 million, RM3 million, or RM5 million.
The plan will initially run in the Klang Valley until October 2026 before nationwide implementation. Two variants, MediAsas Teras and MediAsas Fleksi, offer annual coverage of approximately RM100,000 and RM300,000, respectively, with the former increasing automatically to RM150,000 for policyholders aged 60 and above. MediAsas is designed to complement Malaysia's public healthcare system and form part of the RESET initiative, which targets medical inflation drivers like unnecessary healthcare use, over-prescription, and cost-effective treatments.
The plan's long-term viability will be guided by data and an independent governance board comprising government and industry representatives.
Written by urgent.news from Free Malaysia Today's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
Also reported by 1 other outlet
- MediAsas to offer more affordable private medical insurance freemalaysiatoday.com
