KUALA LUMPUR, MALAYSIA – 21 April 2025 – MSIG Insurance (Malaysia) Bhd (“MSIG Malaysia”) has introduced the MSIG PA Add-On: Assisted Living, a pioneering addition to its personal accident (PA) insurance portfolio. This new offering is a first in Malaysia’s general insurance market, aimed at providing crucial financial protection for individuals who face a sudden loss of independence due to accidents or unforeseen events.
While coverage for assisted living expenses has traditionally been offered through life insurance policies, MSIG Malaysia becomes the first general insurer in the country to integrate this benefit into a PA policy. The move addresses a significant gap in financial coverage for those who need long-term nursing care following an accident.
The MSIG PA Add-On: Assisted Living is available exclusively to holders of the Prime PA, Individual PA, and Senior Citizen PA policies. It offers financial support of up to RM5,000 per month for a maximum of 12 months per injury, covering essential nursing care at a registered nursing home, care center, or through a licensed nurse at home.
To qualify for claims, policyholders must be certified by a registered medical practitioner as unable to perform at least three Activities of Daily Living (ADLs), including dressing, washing, toileting, mobility, transfer, and feeding. A follow-up assessment after six months is required to confirm continued eligibility for claims reimbursement.
This innovative add-on is designed to ease the financial burden associated with a loss of independence, providing peace of mind to individuals and their families. Whether supporting self-care or the well-being of elderly or disabled relatives, the coverage ensures access to vital assisted living services.
With affordable annual premiums starting from RM37, this add-on offers significant benefits while remaining accessible to a wide range of policyholders. Eligible individuals include Malaysians, permanent residents, work permit holders, and their dependents, with age eligibility ranging from 16 to 59 years old and renewability extending up to 80 years of age, depending on the policy type.
“As the first general insurer in Malaysia to offer assisted living coverage within a PA policy, MSIG Malaysia is setting a new standard for accessible and affordable insurance add-ons that complement existing policies for enhanced financial protection,” said Mr. Chua Seck Guan, Chief Executive Officer of MSIG Malaysia. “We understand the impact of sudden disabilities caused by accidents on individuals and their families. This add-on reflects our commitment to ensuring our policyholders have access to the care and financial support they need during difficult times.”
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