After 80pc hike in insurance premiums for foreign students, DAP claims price-fixing: KUALA LUMPUR, Sept 13 - The DAP called today for an investigation on Education Malaysia Global Services’ (EMGS) open tender process in selecting AXA-Affin as its insurance agent, as its annual insurance premium for foreign students rose by a whopping 80 per cent since 2008. DAP strategist Dr Ong Kian Ming said that government-linked company EMGS - which requires foreign students to buy medical insurance from just one company, AXA-Affin - charges RM500 a year for very similar coverage to AXA-Affin’s medical insurance policy for foreign students in 2008, that only cost RM280 annually back then. “This is despite the fact that AXA-Affin does not have to pay a commission to insurance agents because these policies are channelled directly via EMGS,” Ong told reporters at DAP’s headquarters here today. “I call upon the Competition Commission to undertake a comprehensive investigation into the monopolisation of the provision of medical insurance to foreign students by AXA-Affin,” he added. MORE TO COME dlvr.it/3yKDY7
Posted on: Fri, 13 Sep 2013 04:52:43 +0000
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