[ Source: The New Straits Times, 18 July 2012 ]

Insurance - - INDUSTRY UPDATES -

The Min­is­ter of Domestic Trade, Co­op­er­a­tives and Con­sumerism, Datuk Seri Is­mail Sabri Yaakob, said the cost for the pro­posed group in­surance scheme cov­er­ing all hawk­ers and small traders in Malaysia will be borne by the government. The group in­surance scheme was pro­posed by Prime Min­is­ter Datuk Seri Na­jib Razak. There are sev­eral types of pro­tec­tion for traders which in­clude cover ac­ci­dents, fa­tal ac­ci­dents and other ac­ci­dents where the trader has lost his abil­ity to work. Ad­di­tion­ally, un­der this scheme, a daily al­lowance will be is­sued to traders dur­ing their stay in hospi­tal. This is im­por­tant be­cause when a trader suf­fers an ac­ci­dent and is ad­mit­ted to hospi­tal, he/she will not be able to work.

Datuk Seri Is­mail Sabri Yaakob

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