A medical insurance price hike is coming your way soon but our association is in talk with the regulators to delay the price increment.

Previously many would have notice that due to the financial impact of Covid-19 to policy holders, our insurers did offer a deferement of premium payment up to 3 months.

Insurance deferment is very different VS mortgage or car loan installment deferment.

The mortage or car loan deferment of 6 months is an option where you can choose not to pay back after the 6 months deferment period. But your loan tenure would increase by another 6 months.

For insurance deferment of 3 months, once 3 months period of deferment is over, you are expected to pay back in full what you owe the insurer. But insurer do povide extention to the deferment for those in need of more time.

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