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Long-term care insurance (LTCI) for the ageing society in Malaysia


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Item type Book Section
Subjects 300 Social sciences
Division/Agency LPPKN - National Population and Family Development Board, Malaysia: Population and Family Research Division
Keywords Long-term care insurance (LTCI), Ageing society, Financing, Affordability, Benefits
Additional Information This paper has been presented at the National Population Conference 2022 (PERKKS 22) – Bangi Resort Hotel, Selangor on 10-11 November 2022. It is jointly organized by the National Population and Family Development Board (LPPKN), United Nations Population Fund (UNFPA) Malaysia, Faculty of Business and Economics, Universiti Malaya (UM) in collaboration with WMIT Group Sdn Bhd. For more information, please contact: Nurul Afidah Mohamad Yusof Faculty of Business and Finance Universiti Tunku Abdul Rahman, 31900 Kampar, Perak D.R., Malaysia Email: afidahj@utar.edu.my
Abstract The increase in life expectancy and declining fertility rates have contributed to the rising tide of the ageing population in Malaysia. Undeniably, an ageing population poses the need for policy changes to address the economic and social risks caused. Against this backdrop, it is therefore crucial for Malaysia to give serious attention in developing a policy related to long-term care financing.
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