KUALA LUMPUR, 31 January 2020 – The Life Insurance Association of Malaysia (LIAM) and Malaysian Takaful Association (MTA) wish to inform that all life insurance companies and takaful operators will provide hospitalisation coverage/treatment due to Novel Coronavirus (2019-nCoV) to their policyholders/certificate holders.
The World Health Organisation (WHO) has just declared the outbreak of the coronavirus as a global health emergency.
“Even though a majority of the medical policies/certificates carry an exclusion on communicable diseases requiring quarantine by law, the Malaysian life insurers and takaful operators are responding to an immediate need of the nation by waiving the exclusion on quarantine by law in light of the increasing number of people who have been affected.”
Mr Mark O’Dell, Chief Executive Officer of LIAM
Formed in 1974, the Life Insurance Association of Malaysia (LIAM) is a trade association registered under the Societies Act 1966. Their objectives are to promote a progressive life insurance industry; to enhance public understanding and appreciation for life insurance; to upgrade the image and professionalism of the life insurance industry and to support the regulatory authorities in developing a strong industry.
O’Dell added that policyholders/certificate holders are advised to check with their respective insurance companies/takaful operators for the benefits and terms and conditions of their health insurance policy/takaful certificate.
Fellow Malaysians are advised to take precautionary measures as advised by the Ministry of Health Malaysia such as practising the highest standard of hygiene by often washing hands with soap or hand sanitizers, using a face mask, avoid visiting crowded places, etc. More details on the coronavirus are available at www.moh.gov.my
Kindly contact the respective life insurance companies/takaful operators directly to find out more about your insurance/takaful coverage. LIAM member companies can also be viewed at their website, www.liam.org.my