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.
MediAsas will soon offer Malaysians a more affordable private medical insurance option, according to Bank Negara Malaysia deputy governor Aznan Abdul Aziz. The plan, set to be rolled out nationwide in January 2027 following its pilot phase in the Klang Valley, aims to provide cost-effective coverage for essential medical treatments at private hospitals.
Aznan explained that MediAsas will offer annual coverage limits of RM100,000 (covering 99% of treatment episodes) and RM300,000. Higher limits will be available for those who need them. The product is designed to complement Malaysia's public healthcare system, not replace it, and will be part of the broader RESET initiative aimed at reducing medical inflation.
Aznan emphasized that the plan would be guided by data and an independent governance board, with future premium increases taking into account long-term commercial viability.
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