Zero-rated Goods and Services Tax (GST)

We refer to the recent Malaysia’s government announcement to reduce the goods and services tax (GST) from the current 6% to 0% with effect from 1st June 2018.

 

New Policies incepted from 1st May to 31st May 2018

For individual new policies (exclude group), captured in the month of May 2018, the 6% GST payment shall be absorbed by PAMB on behalf of eligible policyholders.

 

Renewal Business

For renewal business, GST 0% will be made effective from 1st June 2018 on:

Type of policyZero-rated GST on
Investment link plan Insurance and Service Charges
Traditional plan Rider Premiums*

 *Traditional Basic Plan’s Premiums are GST exempt

 

Check out our frequently asked question (FAQ) for more information here.

Back to Top