MySalam is a collaborative effort between Malaysian government and Great Eastern Holdings. The insurance scheme was officially announced last year as a new initiative that aims to provide free health insurance to the B40 group. However, the healthcare initiative has been extended to the M40 as well.
MySalam cost the government a RM2 bil allocation
MySalam was initiatially targeted to those who were recipients of Bantuan Sara Hidup (BSH) between the ages of 18-55. The insurance scheme covers 36 critical illnesses. With the new announcement made by Finance Minister, Lim Guan Eng, the scheme has been extended to the M40 group. Meaning, those who have an annual income of RM100,000 and below. The age limit has also increased from 55 to 65.
Bantuan Sara Hidup recipients who are not married and disabled people also will be covered
With the new announcement, the new governement insurance scheme, MySalam is set to cover 8 million more Malaysians. BHS recipients who are not married and disabled people will also now be covered. Besides, the number of critical illnesses covered has been increased from 36 to 45.
Applicants will be entitled for a one-time payment up to RM8,000
M40 applicants now are eligible for a on-time payment of RM4,000 and a daily hospitalisation of RM50 for a maximum of 14 days (RM700 a year). However, for B40 applicants, they will be entitled to a one-time payment of RM8,000. This new changes have been made effective on the Jan 1st, 2020.
Register now until March 31st, 2020
Eligible individuals in the M40 group can now register until March 31st, 2020. Last year has showed 4.3million Malaysian between 18-55 registered for Bantuan Sara Hidup and MySalam. To register, simply click here and fill in the form and send it.
MySalam is the government initiative under annual Budget 2020. To know more about MySalam you can go to the website.