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Insurance, Takaful industry finalise details on Covid-19 test fund

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CORONAVIRUS | An online portal with details on the application process and procedures for reimbursements will go live soon.

| The Life Insurance Association of Malaysia and Malaysian Takaful Association have finalised the details of the Covid-19 Test Fund for the benefit of medical insurance policyholders and takaful certificate holders.

Liam is leading the initiative with a RM5 million contribution, while Piam and MTA have pledged RM2 million and RM1 million respectively, it said. They said the funding is available for tests done from March 27, 2020 onwards. The insurance policy or takaful certificate must be in force as of March 27, 2020 and at the time the test is conducted.

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