A Malaysian insurance company is offering customers the option of choosing between two types of policies: one that provides them with coverage from the National Insurance Institute and another that provides coverage from their state-owned insurers.
The companies said the new policy will be offered through the state-run Insurers’ Insurance Bureau, which is part of the Ministry of Health and Welfare.
The two options will differ from one insurer to the other, but both companies will offer insurance coverage that covers the entire life of a person and can be renewed.
The new policy is being offered to individuals who are enrolled in a State-Owned Insurance Corporation (SOCIC) and are aged 18 years or over.
The insurance company will be offering the new option in Malay, Chinese and Vietnamese languages.
Malaysia is the second-largest economy in the world and the fourth-largest in Asia.
The country has a population of 2.3 billion and a gross domestic product of US$1.9 trillion.
In recent months, Malaysia has been facing a surge in coronavirus infections, with coronaviruses accounting for over 40% of new cases in the country.
Malaysian President Najib Razak has made a series of calls for the country to focus on curbing the spread of coronaviral infections, especially the more than 400,000 cases that have been reported so far.
He has said that Malaysia must focus on prevention, and that he has instructed his ministry to launch a national vaccination campaign.
Najib has also ordered that the country deploy a total of 2,000 police officers to monitor health care facilities in the capital Kuala Lumpur and in the provinces of Kedah and Sarawak, where more than 300 people have died of the virus.