Kuala Lumpur, 23 January 2026 – As announced by the Joint Ministerial Committee on Private Healthcare Costs (JMCPHC) yesterday, the insurance and takaful industry wishes to announce that a Reference Guide on Price Ranges for Common Private Healthcare Services in Malaysia has been published. The reference guide is a joint initiative by the Life Insurance Association of Malaysia (LIAM), Malaysian Takaful Association (MTA) and General Insurance Association of Malaysia (PIAM) as part of the RESET strategy under Joint Ministerial Committee on Private Healthcare Costs (JMCPHC), and is publicly accessible on the respective association websites from 22 January 2026.
The reference guide provides the public with an overview of the indicative price ranges typically charged by private healthcare providers for common healthcare services based on insurance and takaful claims data for 2024. It is intended as an informational resource to help consumers better understand common healthcare costs, facilitate more informed discussions with healthcare providers and plan for potential out-of-pocket costs. Improving public understanding of healthcare charges is one of the steps towards promoting more sustainable healthcare financing, support greater price transparency and empower consumers to make more informed decision.
The industry wishes to emphasise that the published price ranges do not represent fixed or recommended prices, and actual charges may vary depending on factors such as the patient’s medical condition, complexity of treatment, and provider practices.
“This publication reflects the industry’s broader commitment to transparency and consumer education,” said Mark O’Dell, Chief Executive Officer of LIAM.
“By providing indicative price ranges, we aim to empower policyholders with better cost visibility to support informed healthcare and financial planning decisions, while recognising that actual charges may vary based on individual conditions,” O’Dell added.
Mohd Radzuan Mohamed, Chief Executive Officer of the MTA, said the publication of the reference price ranges reflects the industry’s commitment to promoting a more sustainable and responsible healthcare financing ecosystem. “Cost transparency is not about controlling prices, but about building shared understanding among patients, providers, and payers so that healthcare remains accessible and takaful protection remains sustainable for the long term.”
“Indicative medical pricing ranges can reduce the financial anxiety of consumers as it provides a clearer visibility of potential treatment costs upfront. This empowers consumers to make informed decisions and engage more actively in discussions about their care. It is one of the several initiatives by the insurance industry to raise medical cost awareness and support a sustainable healthcare system for Malaysians” said Chua Kim Soon, Chief Executive Officer of PIAM.
Members of the public are encouraged to access the publication via the following association websites:
- Persatuan Insurans Hayat Malaysia (LIAM) –
- Persatuan Takaful Malaysia (MTA) –
- Persatuan Insurans Am Malaysia (PIAM) –
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