Did you know? Group insurance in Malaysia grew by 10.3%, contributing RM368.8 billion in total coverage in the last two years. (Source: Life Insurance Association Malaysia). If you’re an employer in Malaysia, providing group insurance for your employees is a smart way to build a secure and productive workplace. It not only offers financial protection to your employees and their families but also enhances your company’s reputation and helps attract and retain talent. In this article, we discuss the key factors influencing group insurance costs, strategies for effective management, regulatory requirements in Malaysia, and common mistakes employers should avoid.