What is Medical Repricing?
Medical repricing is a routine review of health insurance premium or insurance charges to ensure that the pricing remains align with actual healthcare costs. It helps insurers continue providing protection without compromising the policy’s sustainability
What is causing medical costs to go up?
A significant factor contributing to the rise in medical costs is the increasing prevalence of Non-communicable diseases (NCDs). In Malaysia, NCDs such as cardiovascular issues, cancer, and diabetes are the leading cause of death, accounting for approximately 72%* of all recorded deaths. The growing incidence of these conditions contributes significantly to rising healthcare expenditures.
In Malaysia, medical cost inflation is higher than global and Asia Pacific averages – it’s not just your insurer, it’s a global trend.
*Source: Malaysian Ministry of Health, 2024
How medical repricing may affect you once implemented?
When repricing takes effect, it may lead to an increase in your premium or insurance charges depending on your plan type. Here’s how it works for each type:
Do Not Worry – you’ll receive a formal notification before any changes takes place.
At AmMetLife, we are committed to ensuring your long-term protection. Repricing is a difficult but necessary step to keep coverage sustainable – not just for you, but for all Malaysians.
We understand that any changes to your plan matters. That’s why, when reviewing premiums, we carefully consider healthcare trends and claims patterns across similar customers – to ensure we can continue protecting you and your loved ones when it matters most.
Products Affected: