KUALA LUMPUR, Jan 23 (Bernama) -- As announced by the Joint Ministerial Committee on Private Healthcare Costs (JMCPHC) yesterday, the insurance and takaful industry wishes to announce that a
Reference Guide on Price Ranges for Common Private Healthcare Services in Malaysia has been published. The reference guide is a joint initiative by the Life Insurance Association of Malaysia (LIAM), Malaysian Takaful Association (MTA) and General Insurance Association of Malaysia (PIAM) as part of the RESET strategy under Joint Ministerial Committee on Private Healthcare Costs (JMCPHC), and is publicly accessible on the respective association websites from 22 January 2026.
The reference guide provides the public with an overview of the indicative price ranges typically charged by private healthcare providers for common healthcare services based on insurance and takaful claims data for 2024. It is intended as an informational resource to help consumers better understand common healthcare costs, facilitate more informed discussions with healthcare providers and plan for potential out-ofpocket costs. Improving public understanding of healthcare charges is one of the steps towards promoting more sustainable healthcare financing, support greater price transparency and empower consumers to make more informed decision.
The industry wishes to emphasise that the published price ranges do not represent fixed or recommended prices, and actual charges may vary depending on factors such as the patient’s medical condition, complexity of treatment, and provider practices.
“This publication reflects the industry’s broader commitment to transparency and consumer education,” said Mark O’Dell, Chief Executive Officer of LIAM.
“By providing indicative price ranges, we aim to empower policyholders with better cost visibility to support informed healthcare and financial planning decisions, while recognising that actual charges may vary based on individual conditions,” O’Dell added.
Mohd Radzuan Mohamed, Chief Executive Officer of the MTA, said the publication of the reference price ranges reflects the industry’s commitment to promoting a more sustainable and responsible healthcare financing ecosystem. “Cost transparency is not about controlling prices, but about building shared understanding among patients, providers, and payers so that healthcare remains accessible and takaful protection remains sustainable for the long term.”
“Indicative medical pricing ranges can reduce the financial anxiety of consumers as it provides a clearer visibility of potential treatment costs upfront. This empowers consumers to make informed decisions and engage more actively in discussions about their care. It is one of the several initiatives by the insurance industry to raise medical cost awareness and support a sustainable healthcare system for Malaysians” said Chua Kim Soon, Chief Executive Officer of PIAM.
Members of the public are encouraged to access the publication via the following association websites:
• Life Insurance Association of Malaysia (LIAM) –
https://www.liam.org.my/about/healthcare/index.html• Malaysian Takaful Association (MTA) –
https://takaful4all.org/ms/inforesources/mhit/• General Insurance Association of Malaysia (PIAM) –
https://piam.org.my/news-media/explore-connect/knowledge-zone/publicationof-common-healthcare-services/ABOUT LIFE INSURANCE ASSOCIATION MALAYSIA (LIAM)Formed in 1974, the Life Insurance Association of Malaysia (LIAM) is a trade association registered under the Societies Act 1966. LIAM has a total of 16 members, of which 14 are life insurance companies and 2 life reinsurance companies. LIAM’s objectives are to promote a progressive life insurance industry; to enhance public understanding and appreciation for life insurance; to upgrade the image and professionalism of the life insurance industry and to support the regulatory authorities in developing a strong industry. Visit www.liam.org.my for details.
ABOUT MALAYSIAN TAKAFUL ASSOCIATION (MTA)Malaysian Takaful Association (MTA) was established on November 2002 under the Societies Act 1966. It is a trade association representing all 19 licensed Takaful and Retakaful operators in the country. The objectives and the powers of MTA are to promote the interests of its members and to inculcate the implementation of self-regulation within the Takaful industry. More information on MTA can be obtained from its website:
www.takaful4all.orgFacebook:
facebook.com/MalaysianTakafulAssociation/Instagram:
instagram.com/malaysiantakafulassociation ABOUT PERSATUAN INSURANS AM MALAYSIA (PIAM)The history of PIAM originated from the establishment of various insurance and tariff associations set up in 1885 that played a role as a collective voice of the insurance industry in Malaya and Singapore shortly after the Independence of Malaya in 1957. In June 1961, the Insurance Association of Federation of Malaya was formed to maintain tariff insurance legislations and promote sound insurance practices. For the first time, an Association was established in Kuala Lumpur to safeguard the country's general insurance interest. Subsequently, PIAM was established in May 1979 as a statutory trade association recognised by the Government of Malaysia for all registered insurance business. Currently, PIAM has 23 member companies comprising direct general insurance and reinsurance companies operating in Malaysia.
To learn more about PIAM, visit
www.piam.org.my Facebook:
facebook.com/PersatuanInsuransAmMalaysiaInstagram:
instagram.com/piam_malaysia/TikTok:
https://www.tiktok.com/@piam_malaysia SOURCE: Life Insurance Association of Malaysia (LIAM)FOR MORE INFORMATION, PLEASE CONTACT:
LIAM:Name: Puan Norizan Hassan
Head of Corporate Communications
Life Insurance Association of Malaysia
Level 6, AICB Building
No. 10, Jalan Dato' Onn
50480 Kuala Lumpur
Tel: 603-2691 6168 / 6628 / 8068
Email: liaminfo@liam.org.my
Website: www.liam.org.my
Facebook: LIAM – Life Insurance Association of Malaysia
Instagram: @liamalaysia
MTA:Name: Puan Siti Nor Kamariah Ishak
Head, Corporate Communications
18th Floor, Main Block
Menara Takaful Malaysia
Jalan Sultan Sulaiman
50000 Kuala Lumpur
Tel: 018-355 1427
Fax: +603-2031 8170
Email: mtasecretariat@malaysiantakaful.com.my
PIAM:Name: Ms. Susanna G. Simon
Head of Corporate Communications
Persatuan Insurans Am Malaysia (PIAM)
Wisma PIAM
150, Jalan Tun Sambanthan
50470 Kuala Lumpur, Wilayah Persekutuan
Tel: 03-2274 7399
Fax: 03-2274 5910
Email: susanna.simon@piam.org.my
Website: www.piam.org.my
--BERNAMA