A renewed industry proposal In September 2026, the Life Insurance Association of Malaysia submitted its proposals for the 2027 Budget, requesting exemption of group employee insurance schemes from the 8% service tax. It also sought fairer and more neutral tax treatment for Malaysian-domiciled reinsurers. LIAM’s statement is dated 24 September; its press index lists publication on 25 September. The Budget was scheduled for 9 October. The government had not

Grab, a Singapore-based competitor to Uber present also in the Philippines and in Malaysia, in January 2019 announced it would sell insurance through its smartphone app. Grab will open up its ride-hailing app as a platform for direct distribution of insurance policies. The new capability is provided by Chinese partner ZhongAn Online P&C Insurance. The first insurance carrier to join the program is Chubb, with a loss of income

Sulaxmi Prasad in January 2019 joined Herbalife as Director of compensation & benefits (C&B) and human resources information systems (HRIS) for the APAC & China region at Herbalife. She is based in Kuala Lumpur, Malaysia. Previously, she worked for Digi Telecommunications in Malaysia as Head of Performance, Rewards and Analytics, then as Head of Talent and Rewards. Earlier, she was a Practice Leader with Willis Towers Watson in Kuala