Insurance should cover mental illness, says Malaysian health ministry
Another government agency must step in to compel insurers to act, says official
Insurance should cover mental illness, says Malaysian health ministry
INSURANCE NEWS
By Gabriel Olano
28 May 2019

Malaysia’s health ministry has encouraged insurers to cover mental illnesses, with close to two out of every 10 teenagers in the country having reported experiencing depression.

Dr Lee Boon Chye, deputy health minister, said that mental illness was a major problem in Malaysia.

With coverage, it will help to increase awareness on mental illness and provide those who are stricken with mental illness some coverage in time of need, he said to the Malay Mail.

He also noted that treatment or management of mental illness is hugely expensive.

“Consultation can come to hundreds (of ringgit). Just sitting there and discussing with psychiatrist specialists,” he said.

Lee was responding to the call of Tan Sri Lee Lam Thye, patron of the Malaysia Psychiatric Association, who called on the government to take action and encourage insurance coverage for mental health care and treatment.

According to Lee, mental health insurance is already being implemented in neighbouring Singapore. However, mandating insurance companies to include mental health in their policies falls under the responsibility of Bank Negara Malaysia, the country’s central bank.

“For the Health Ministry, we encourage insurance companies in the country to provide coverage for mental illness,” he said.

Related Stories
Free newsletter

We'll keep you up-to-date with the latest breaking news, cutting edge opinion, and expert analysis affecting both your business and the industry as whole.

Free newsletter

Our daily newsletter is FREE and keeps you up - to - date with the world of Insurance. Please complete the form below and click on subscribe for daily newsletters from IB ASIA.