UM started to implement the insurance coverage system for international Student since 2007. After the Malaysian Ministry of Education (MOE) introduced the new policy of insurance for international Student, UM starts to offer the insurance coverage through an insurance company that is officially appointed annually starting from 1st December 2008.
It was started with Takaful Ikhlas Sdn. Bhd with a premium of RM856.68 per year for postgraduate Student and RM404.42 per year for undergraduate Student. It covers all four (4) elements as required in the MOE guidelines. However, the price has been reviewed because of the complaints from Student. After that, UM has decided to have a new RM300.00 insurance premium per year for all Student.
On 1st July 2009, the out-patient treatment has been removed from the coverage. This is due to the high rate of claims from the Student.Then on 1st July 2010, UM appointed a new insurance provider, ETIQA Takaful Berhad until 13th February 2013 with a premium of RM175.00 per year. The out-patient treatment is also not covered in this policy.
Starting from Semester II Academic Session 2012/2013 (14th February 2013 until 13th February 2015), UM has decided to impose new insurance coverage for all international Student with RM300.00 premium fee per year under new insurance company Takaful Ikhlas Sdn. Bhd.. The insurance coverage also replace the yearly RM600.00 health fee (which has been removed from student fees) with an outpatient coverage amount of RM500.00 per year. Insurance fee also will be included in the tuition fee structure. Student no longer need to pay insurance fees manually to the University of Malaya bank account.