Financial Services
Sectors

EPP 5: Insuring Most, If Not All, of Our Population

  • GNI by 2020 (mil)
    RM1,544
  • Projected jobs by 2020
    8,659

EPP 5.0 - Insuring Most, If Not All, of Our Population

This EPP seeks to realise the Government’s target of enhancing the population’s financial security and social safety net in line with the needs of a developed economy. Through this EPP, Malaysia’s low insurance penetration rate of 2.8% of GDP is projected to rise to 4% by 2020, with 75% of the population insured.

Highlights

  • Throughout 2014, extensive engagements with key stakeholders were held to ensure effective implementation of the proposed initiatives under the Life Insurance and Family Takaful framework, and make certain that the interests of various stakeholders are aligned and safeguarded. The framework is expected to be finalised in 2015.
2015/08/06
Status:
Work In Progress
Economic Transformation Programme
The ETP Transformation Story
The Economic Transformation Programme (ETP) is a comprehensive effort that will transform Malaysia into a high-income nation by 2020.
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