According to the association, the current RM3,000 tax relief is not sufficient for a family to plan for their children's education needs and healthcare requirements.
"With the rising costs of education and medical treatment, Malaysians should be encouraged to take up financial planning," it said in a statement Tuesday.
LIAM said the combined tax relief of RM6,000 for life insurance/takaful premiums and contribution to the Employees Provident Fund (EPF) was inadequate.
The association proposed that a separate tax relief be given solely for life insurance premiums.
LIAM also proposed that private pension schemes be established by the government to enable the working population to plan for their retirement.
"The aim is to assist Malaysians to achieve financial independence after retirement. Relying on EPF savings alone is insufficient as retirees would have to ensure their life-time savings could last another 20 to 30 years," the association said.
"There is also a large group of self-employed (about 25 percent of the working population ) who may not have any retirement savings," it added.
Another proposal by LIAM called on the government to review the tax structure of life insurance business by removing the eight percent tax paid by policyholders.
"This is to make life insurance a competitive savings/protection plan compared to unit trusts and bank deposits which are generally tax-free," the association said.
-- BERNAMA
Sunday, October 28, 2007
LIAM Calls For Higher Tax Relief For Medical Insurance - Bernama
Implement National Health Insurance Carefully, Says Chua
KUALA LUMPUR -- The National Health Insurance Scheme, as proposed in the Ninth Malaysia Plan, has to be implemented carefully to ensure it is accepted by people at all levels of society, Health Minister Datuk Seri Dr Chua Soi Lek told the Dewan Rakyat Thursday. He said while the scheme was proposed with a noble intention to offset the high medical cost borne by the government and the people, the ministry was aware of the implications and obstacles from financing of the scheme. "Planning for the scheme will take into account studies commissioned by the government, inputs and feedback from various parties, including from the public and private sectors and non-governmental organisations. "The government is also studying various models, including experiences of foreign countries," he said in his written reply to Datuk Suhaili Abdul Rahman (BN-Labuan). The scheme, whose implementation mechanism and date have not been finalised, would provide the people better access to medical treatment and help check spiralling medical costs, he said. "The scheme will also provide more flexibility and freedom in opting for the preferred healthcare either in the public or private sector," he said. While the national insurance scheme was compulsory for all Malaysian citizens and permanent residents, the people would not be prevented from buying private health, accident or life insurance, he said. The government would ensure nobody was deprived access to quality, efficient and comprehensive healthcare, he added.
25 October 2007, By BERNAMA
Tuesday, June 19, 2007
Malaysia Life Insurance Company List Contact Number Fax Website
ING Insurance Berhad
Menara ING
84 Jalan Raja Chulan
P.O. Box 10846
50927 Kuala Lumpur
Telephone No : 03-2058 4838
Fax No: 03-2161 0549
Toll Free: 1 800 88 0303
http://www.ing.com.my/
Great Eastern Life Assurance (Malaysia) Berhad
Menara Great Eastern
303, Jalan Ampang
50450 Kuala Lumpur
Telephone No. : 03-4259 8888
Fax No. : 03-4813 0500
Email: wecare@lifeisgreat.com.my
http://www.lifeisgreat.com.my/
American International Assurance Company, Limited
Menara AIA
99 Jalan Ampang
50450 Kuala Lumpur
Telephone No : 03-2056 1111
Fax No : 03-2056 2992
E-mail : corporate-ops.my@aig.com
http://www.aia.com.my/
Prudential Assurance Malaysia Berhad
Level 17, Menara Prudential
10, Jalan Sultan Ismail
50250 Kuala Lumpur
Telephone No : 03-2031 8228
Fax No : 03-2032 3939/2070 6270
E-mail: customer.mys@prudential.com.my
http://www.prudential.com.my/
Allianz Life Insurance Malaysia Berhad
Level 23 & 23A, Wisma UOA II
No. 21, Jalan Pinang
50450 Kuala Lumpur
Telephone No : 03-2162 3388
Fax No : 03-2162 6387
E-mail : partner@allianz.com.my
http://www.allianz.com.my/
AmAssurance Berhad
Level 9, Bangunan AmAssurance
No. 1 Jalan Lumut
50400 Kuala Lumpur
Telephone No : 03-4047 8000
Fax No. 03-4043 8680
E-mail: amassurance@ambg.com.my
http://www.amassurance.com.my/
AXA AFFIN Life Insurance Berhad
8th Floor Chulan Tower
3 Jalan Conlay
50450 Kuala Lumpur
Telephone No : 03-2117 6688
Fax No : 03-2117 3698
Email: customer.care@axa-life.com.my
http://www.axa.com.my/
Uni.Asia Life Assurance Berhad
8th Floor, Bangunan Uni.Asia
16 Jalan Tun Tan Siew Sin
50050 Kuala Lumpur
Telephone No : 03-2072 1775
Fax No : 03-2031 4689
http://www.uniasialife.com.my/
Commerce Life Assurance Bhd
(A member of Bumiputra-Commerce Holdings Berhad Group of Companies)
Suite 3A-15, Level 15
Block 3A, Plaza Sentral
Jalan Stesen Sentral 5
Kuala Lumpur Sentral
50470 Kuala Lumpur
Telephone No.: 03 - 2264 0412
Fax No.: 03 - 2264 0402/2264 0604
http://www.commercegroup.com.my/
Hannover Life Re, Malaysian Branch
Suite 31-1, 31st Floor
Wisma UOA II
No. 21, Jalan Pinang
50450 Kuala Lumpur
Telephone No : 03-2164 5122/03-2164 6122
Fax No : 03-2164 5129/03-2164 6029
http://www.hannoverlifere.com/
TM Asia Life Malaysia Bhd
3rd - 5th Floors, Asia Insurance Building
2 Jalan Raja Chulan
50200 Kuala Lumpur
Telephone No : 03-2059 6188
Fax No : 03-2072 3742
http://www.tmasialife.com.my/
Malaysia National Insurance Berhad
Level 19, Tower C
Dataran Maybank
No. 1, Jalan Maarof
59000 Kuala Lumpur
Telephone No : 03-2297 1888
Fax No : 03-2710 2453
http://www.mni.com.my/
Malaysian Assurance Alliance Berhad
11th Floor, Menara MAA
No. 12, Jalan Dewan Bahasa
50460 Kuala Lumpur
Telephone No : 03-2146 8000
Fax No : 03-2142 5863
http://www.maa.com.my/
Malaysian Life Reinsurance Group Berhad
3B/21-3 Block 3B
Level 21, Plaza Sentral
Jalan Stesen Sentral 5
Kuala Lumpur Sentral
50470 Kuala Lumpur
Telephone No : 03-2780 6611
Fax No : 03-2780 6622
Email: info@mlre.rgare.com 
Manulife Insurance (Malaysia) Berhad
12th Floor, Menara Manulife RB
6, Jalan Gelenggang
Damansara Heights
50490 Kuala Lumpur
Telephone No : 03-2719 9228
Fax No : 03-2094 0972
http://www.manulife.com.my/
MCIS ZURICH Insurance Berhad
Wisma MCIS ZURICH, Jalan Barat
46200 Petaling Jaya, Selangor
Telephone No : 03-7955 2577
Fax No : 03-7957 4780 / 03-7956 3295
E-mail: info@mciszurich.com.my
http://www.mciszurich.com.my/
TM Asia Life Malaysia Bhd
3rd - 5th Floors, Asia Insurance Building
2 Jalan Raja Chulan
50200 Kuala Lumpur
Telephone No : 03-2059 6188
Fax No : 03-2072 3742
http://www.tmasialife.com.my/
Mayban Life Assurance Berhad
Level 22, MaybanLife Tower
Dataran Maybank
No. 1, Jalan Maarof
59000 Kuala Lumpur
Telephone No : 03-2297 1888
Fax No : 03-2297 1800
E-mail : support@maybanlife.com.my
http://www.maybank2u.com/
if miss out or change of contact, kindly contact me for update...