KUALA LUMPUR, March 23 (Bernama) — The Life Insurance Association of Malaysia (LIAM) and its member companies are taking proactive steps in providing additional relief measures for policyholders who are impacted by the economic slowdown due to the COVID-19 pandemic in the country.
The following additional benefits are a few examples of relief measures taken by insurers:
i. RM5,000 Cash Relief for customers who are diagnosed with Covid-19
ii. Cash benefits/allowance for hospitalization (for example up to RM250 per day up to 30 days of hospitalization)
iii. Special lump-sum death benefits (ranging from RM5,000-20,000 upon death of the insured)
iv. Four insurance companies pledge RM1 million each as part of their financial assistance/support programme for customers affected by COVID-19