Malaysia legislation
Section 5
Seksyen 5
For the purposes of subsubparagraph 2(4)(a), subparagraph 3(1), subsubparagraph 3(3)(a) and subsubsubparagraph 3(3)(b)(i), the valuation of family takaful liabilities or life insurance liabilities in respect of medical and health insurance or medical and health takaful for the assessment years of 2026
and 2027—
(a)
in respect of the valuation of liabilities of an insurer member which becomes a member institution on or before 31 December 2024, the valuation of family takaful liabilities or life insurance liabilities in respect of medical and health insurance or medical and health takaful shall be as at 31 December 2024 instead of 31 December of the preceding assessment year; or
(b)
in respect of the valuation of liabilities of an insurer member which becomes a member institution after 31 December 2024, the valuation of family takaful liabilities or life insurance liabilities in respect of medical and health insurance or medical and health takaful shall be as at 31 December of the assessment year in which the insurer member becomes a member institution instead of 31 December of the preceding assessment year.”.
Made 20 February 2026
[MOF.SBM(R) 600-41/39/102 (13); PIDM/PN/3/2026; PN(PU2)689/JLD.9]
DATUK SERI AMIR HAMZAH BIN AZIZAN
Finance Minister II