PETALING JAYA: Some RM60 million will be set aside by the government and industry players to provide an affordable basic health insurance product for Malaysians.
Prime Minister Anwar Ibrahim said the government also plans to offer various incentives to encourage Malaysians to obtain insurance policies.
This includes broadening the RM3,000 income tax rebate for life insurance premiums to include coverage for children.
The government will also extend the full stamp duty exemption on small-value insurance policies or takaful certificates purchased by individuals and micro, small and medium-sized enterprises to 2028.