This exposure draft sets out the Bank’s proposed requirements and guidance in carrying on the medical and health insurance/takaful (MHIT) business. The proposals seek to address developments in the MHIT business as well as to promote more innovative, inclusive and sustainable MHIT business models to better respond to the needs of consumers and the prevailing operating environment.

The Bank invites written feedback on this exposure draft, including clarifications and/or alternative proposals. Feedback should be supported by clear rationales and appropriate evidence where relevant. Licensed ITOs are also expected to respond to the specific questions in this exposure draft. All submissions should be submitted to [email protected] by 15 March 2023. Submissions received may be made public unless confidentiality is specifically requested for the whole or any part of the submission. In preparing your feedback, you may direct any queries to [email protected].

Issuance Date
30 December 2022

Issuing Department
Financial Development and Innovation

Applicability
Licensed insurers
Licensed takaful operators

Document
Exposure Draft on Medical and Health Insurance/Takaful Business