News Asia20 Nov 2025

Malaysia:Regulator raises awareness of insurance as part of strengthening citizens' financial capability

| 20 Nov 2025

At a three-day carnival, held in Penang, that brings financial education directly to the community through interactive exhibitions, service counters, educational talks, workshops and family friendly activities.

The event was organised by the Financial Education Network (FEN) together with its partners, reflecting a collective drive to strengthen financial literacy across all age groups.

Attendees have the opportunity to use practical tools to explore concepts such as debt management, insurance and takaful, understand investments and how stay safe when using digital financial services.

“Financial knowledge helps us to assess our real needs, avoid over indebtedness and be always prepared for unexpected expenses,” said Dato’ Sri Abdul Rasheed Ghaffour, Governor of Bank Negara Malaysia, the country’s regulator.

At the event, the Governor also spoke of a new guide on FEN’s website, designed to help Malaysians understand medical and health insurance/takaful products and make informed choices to protect their wellbeing and their families.

The guide aims to increase public knowledge of MHIT offerings and support better financial decision-making.

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