Good news for Malaysian policyholders! If you’ve recently let your medical and health insurance (MHIT) policy lapse or surrendered it due to last year’s price adjustments — you now have more time to get your coverage back on track.
In a recent joint statement, the Life Insurance Association of Malaysia (LIAM), Malaysian Takaful Association (MTA), and Persatuan Insurans Am Malaysia (PIAM) announced that the special reinstatement period for affected policies is now extended to August 31, 2025.
Why is this important? This extension gives affected policyholders — especially those in rural or digitally underserved areas — extra time to restore their protection without needing new medical checks or serving a new waiting period. Essentially, you can resume your coverage as if it was never interrupted!
What Led to This Extension?
In December 2024, insurers introduced this special reinstatement initiative after recognizing that price hikes in 2024 led many to surrender or allow their MHIT plans to lapse. The aim is to help these individuals regain their insurance coverage seamlessly, without added barriers.
With healthcare costs on the rise and medical inflation continuing to impact Malaysians, having an active health insurance policy is more crucial than ever. This extended grace period ensures no one is left behind in securing vital medical protection — whether they live in urban centers or remote areas.
What Should Policyholders Do?
If your policy lapsed or you surrendered it after the 2024 price adjustments, now’s the time to contact your insurance company or takaful operator and take advantage of this reinstatement window before August 31, 2025. By doing so, you can avoid:
✅ New medical underwriting
✅ Additional waiting periods
✅ Gaps in your health insurance protection
At Fincrew, we always encourage Malaysians to maintain active medical and health coverage — not only to protect yourself but also to safeguard your financial future from unexpected healthcare costs.
