Recommend Us | About Us | Back to

News | Financial Calculator | Home Financing | Archived News |


  Welcome to Bernama Banking & Finance Special Page     
MySalam is non-profit insurance scheme - MOF
Last update: 06/08/2019

KUALA LUMPUR, Aug 6 (Bernama) -- The Finance Ministry (MOF) today emphasised that the MySalam scheme is a non-profit health insurance scheme and will not benefit any private insurance company.

In a statement today, the MOF said all government-paid premiums, if not used as claims by beneficiaries, would be reimbursed to the MySalam Trust Fund.

“It should be reiterated that there is no element of profit for Great Eastern Holdings nor Great Eastern Takaful Berhad (GETB) through the MySalam scheme.

“Therefore, there is no incentive for GETB to be a MySalam takaful manager, to not be able to issue any payments for eligible claims,” said the ministry.

The statement follows a recent case of a critical illness claim from a 48-year-old lorry driver, with a fourth stage colon cancer which has been rejected, and the ministry asserted that the driver did not send a copy of a medical report from a government hospital doctor.

According to the ministry, the claim process for MySalam is simple and clear that a patient who has been diagnosed with any of the 36 critical illnesses at a government, university or military hospital in Malaysia can submit a medical report to MySalam to qualify for RM8,000.

Information about MySalam including eligibility requirements can be easily found online at




Petronas to collaborate with Bank Muamalat on VFP
Bank Muamalat named Khairul Kamarudin as new CEO

Bank Muamalat aims to have 15,000 merchants using QR scanning next year

FWD Takaful injects RM5 million for para athletes in preparation for 2020 Paralympics
Malaysia’s Lonpac Insurance Bhd has excellent credit ratings - AM Best

Japan non-life insurance segment has stable outlook - AM Best

100 Yen3.8404/8435
Source: Bank Negara Malaysia

Reduction in the overnight policy rate (OPR) by Bank Negara Malaysia would be good for consumer spending and investment;
Not sure
  Main | News | Insurance

© 2019 BERNAMA. All Rights Reserved. Disclaimer | Privacy Policy| Security Policy
This material may not be published, broadcast, rewritten or redistributed in any form except with the prior written permission of BERNAMA.
Best viewed in Firefox 8.0 & Internet Explorer 8.0 with 1024 x 768 resolution