Malaysia Life Insurance: Claims Payout

2014-2018 | Annually | RM | Life Insurance of Association of Malaysia

The total claims paid out increased from RM10.1 billion in 2017 to RM10.8 billion in 2018, recording an increase of 6.5%. The increase in claims payments was mainly due to higher medical claims which rose by 11.7% The growth for each segment of life insurance was recorded as: Death (6.5%); Disability (4.8%); Medical (11.7%); Bonuses (1.1%); others (7.3%).

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