Medical insurance claims rise 14 per cent annually, now stands at 12 per cent.

Malaysia: Bank Negara Malaysia will come out with a framework to reduce medical insurance inflation, which now stands at 12 per cent.

Bank Negara governor Datuk Seri Muhammad Ibrahim said the current inflation rate is quite high, thus measures needed to be taken to address the issue.

Rising medical claims had increased pressure on medical insurance premiums.

"On average, medical insurance claims rise 14 per cent annually," Muhammad said at a press conference on the country's second-quarter gross domestic product (GDP) performance here today.

The central bank noted that net claims paid to policyholders had increased to RM4.9 billion in 2016 compared with RM4.5 billion in 2015, of which these claims were driven by demand for better healthcare, ageing population and higher prevalence of chronic and lifestyle diseases.

Muhammad said the increase in the cost of drugs and treatments were among the factors that led to the higher insurance claims.

LIVE Stock Trading SIGNALS With : www.mmfsolutions.sg/

To get More Updates: 

Stock signals, Stock tips, stock Picks, Stocktips Malaysia, bursa malaysia stock signals, klse daily stock signals, KLSE stock picks, KLSE Stock Recommendations, KLSE stock signals, stock market news, stock market update, Stock Picks Malaysia, Stock trading picks,& Stock trading strategy

  For More Visit Us: http://www.mmfsolutions.sg Tel- +65-3158-2180 Email- info@mmfsolution.sg