Insurer to raise medical premiums ‘because of increase in claims’

Free Malaysia Today

Prudential Malaysia says the average number of claims has risen by 19.6% compared with a year ago.  Read More:  https://www.freemalaysiatoday.com/category/nation/2025/03/23/insurer-to-raise-medical-premiums-because-of-increase-in-claims/  Laporan Lanjut:  https://www.freemalaysiatoday.com/category/bahasa/tempatan/2025/03/23/syarikat-insurans-naikkan-premium-perubatan-kerana-tuntutan-meningkat/  Free Malaysia Today is an independent, bi-lingual news portal with a focus on Malaysian current affairs.    Subscribe to our channel - http://bit.ly/2Qo08ry   ------------------------------------------------------------------------------------------------------------------------------------------------------ Check us out at https://www.freemalaysiatoday.com Follow FMT on Facebook: https://bit.ly/49JJoo5 Follow FMT on Dailymotion: https://bit.ly/2WGITHM Follow FMT on X: https://bit.ly/48zARSW  Follow FMT on Instagram: https://bit.ly/48Cq76h Follow FMT on TikTok : https://bit.ly/3uKuQFp Follow FMT Berita on TikTok: https://bit.ly/48vpnQG  Follow FMT Telegram - https://bit.ly/42VyzMX Follow FMT LinkedIn - https://bit.ly/42YytEb Follow FMT Lifestyle on Instagram: https://bit.ly/42WrsUj Follow FMT on WhatsApp: https://bit.ly/49GMbxW  ------------------------------------------------------------------------------------------------------------------------------------------------------ Download FMT News App: Google Play – http://bit.ly/2YSuV46 App Store – https://apple.co/2HNH7gZ Huawei AppGallery - https://bit.ly/2D2OpNP  #FMTNews #PrudentialMalaysia #MedicalPremiums

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00:00Prudential Malaysia has told its policyholders that it must raise medical health premiums

00:07starting next month as the average number of claims has risen by 19.6% compared to last

00:14year. The company said the increasing costs may warrant an annual review of medical plans

00:20and insurance charges to ensure policyholders are well protected. Prudential CEO Lim Eng

00:28Seong said 74 out of 1,000 policyholders made claims under the PruHealth plan compared with 62

00:35a year ago. He said each claim had seen an average increase of 3.9% all from RM14,113 to RM14,664.

00:49He said average medical inflation for PruHealth has continued to increase at a rate of 5.1%

00:55annually over the past three years, resulting in an actual cost increase of 23.6% for the medical

01:03plan. Many policyholders have seen an average increase of 4% with others having their premiums

01:10increased by as high as 30%. According to an insurance manager, the increase is tied to the

01:17policyholder's claims record with those with no claims apparently facing the lowest increase at 4%.

01:25you

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