Great Eastern mulls RM2b contribution to Malaysia's health insurance plan

Singapore

GREAT Eastern Holdings (GEH) on Monday said that it is in discussions with the Malaysian authorities on possible options to enable its unit, Great Eastern Life Assurance (Malaysia) Berhad (GELM), to satisfy prevailing foreign ownership requirements applicable to insurance companies in Malaysia.

Such options include GELM making contributing to a special insurance development trust fund, which may take the form of a B40 Health Protection Fund.