KUALA LUMPUR, Oct 21 — Hong Leong Assurance Bhd (HLA) will reprice medical insurance premiums and charges by 9 per cent a year for three years from November 2026, with further increases projected to bring cumulative repricing to 50 per cent by November 2030.
Staggered premium or insurance charge increases across five years under the insurance company’s 2026 medical repricing exercise will apply to nine medical insurance products, beginning on policy or rider anniversaries from November 1, 2026, according to an internal memorandum issued to HLA’s agency force on July 28, as sighted by CodeBlue.
Under the schedule, policyholders will face a 9 per cent increase in the first year, from November 1, 2026 to October 31, 2027. This will be followed by another 9 per cent in the second year (November 1, 2027 to October 31, 2028) and a further 9 per cent in the third year (November 1, 2028 to October 31, 2029), bringing the cumulative increase to 27 per cent in three years.
