Insurance Covers Covid test

The surance and takaful industry has broadened their eligibility criteria of the Covid-19 Test Fund (CTF) to include asymptomatic patients effective today to encourage them to get tested and curb the spread of the virus. The CTF reimbursement is limited to one test per policy or certificate holder only and it is valid until June 31, 2021. 

In a joint statement, Life Insurance Association of Malaysia (LIAM), Persatuan Insurans Am Malaysia (PIAM) and Malaysian Takaful Association (MTA) said all policy or certificate holder who are asymptomatic can claim from the CTF for the Covid-19 test performed at any authorised labs or medical facility under the Ministry of Health (MOH).

The CTF is a RM8 million fund set up by the industry to back the government’s efforts in conducting more screening for the virus. The fund will provide a fixed cash reimbursement for the cost of Covid-19 testing for individuals covered under individual or group Medical and Health Insurance policies or takaful certificates (MHIT) . 

For asymptomatic individuals, MHIT policy or certificate holders can reimburse up to RM100 per test for Reverse Transcriptase – Polymerase Chain Reaction (RT-PCR) or up to RM50 for Rapid Test Antigen (RTK-Ag).

Meanwhile, group MHIT policy or certificate holders, limited to 50 employees per policy, can claim up to RM50 per test for RT-PCR and RTK-Ag. Under the CTF, persons under investigation and individuals who require emergency or semi emergency surgery are eligible to reimburse up to RM300 per test for RT-PCR. Hospital admissions for non-emergency and non semi emergency surgery can claim up to RM100 per test for RT-PCR and RM50 per test for RTK-Ag.