{
  "id": 9759453,
  "title": "Belanjawan 2027: Persatuan minta skim insurans pekerja berkelompok dikecualikan cukai",
  "url": "https://urgent.news/2026/09/25/belanjawan-2027-persatuan-minta-skim-insurans-pekerja-berkelompok-9759453",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-25T11:34:19.000Z",
  "source": {
    "name": "Free Malaysia Today",
    "slug": "free-malaysia-today-freemalays",
    "url": "https://www.freemalaysiatoday.com/category/bahasa/tempatan/2026/09/25/belanjawan-2027-persatuan-minta-skim-insurans-pekerja-berkelompok-dikecualikan-cukai"
  },
  "original_language": "en",
  "account": "The Malaysian Insurance Life Association (LIAM) has urged the government to exempt group insurance schemes from an 8% service charge under the 2027 budget. According to the association, statistics show that less than half of Malaysia's workforce is protected under group insurance schemes, creating a significant protection gap. The association claims that the proposed exemption can reduce the cost of providing insurance benefits to workers while encouraging more employers to provide and maintain insurance coverage for individual employees. Statistics published by the association indicate that less than half of Malaysia's workforce is protected under group insurance schemes, which creates a noticeable protection gap. The association states that this situation raises concerns, particularly in ensuring that more Malaysian workers, especially those in the lower and middle-income sectors, receive the benefits of insurance protection. The association also believes that wider access to private health insurance protection will complement public health care, allowing protected workers to receive treatment at private healthcare facilities, thus alleviating pressure on public healthcare resources. It also urges a review of the tax service for domestic insurance companies (self-insured) compared to foreign companies providing such convenience to the Malaysian market. This is because domestic self-insured insurance companies are subject to Malaysian income tax on profits, while non-resident companies can compete in the country without being subject to Malaysian income tax liability. The association also highlights the importance of the domestic insurance sector to Malaysia, as it can help maintain the capacity of the domestic segment, strengthen local risk management capabilities, and contribute to the resilience and development of the local insurance ecosystem. The association urges the government to consider measures to encourage higher tax withholding and create a more balanced competitive landscape between domestic and foreign-insured insurance companies. This is in line with the broader objectives of Malaysia's tax system and the development of international cooperation. The 2027 budget is scheduled to be presented on October 9.",
  "summary": "Cadangan pengecualian itu dapat kurangkan kos sedia manfaat insurans kepada pekerja, menurut LIAM.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Free Malaysia Today",
        "title": "Belanjawan 2027: Persatuan minta skim insurans pekerja berkelompok dikecualikan cukai",
        "url": "https://urgent.news/2026/09/25/belanjawan-2027-persatuan-minta-skim-insurans-pekerja-berkelompok",
        "published": "2026-09-25T11:34:19.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}