What Is B40 Group

Throughout the years the level of income for every group has increased and its also signs of economic growth.

What is b40 group. The t20 is defined as the class of citizens whom have a median household income of at least rm13 148 while the m40 and the b40 groups median household are those whom have a median household income of rm 6 725 and rm3. The finance ministry revealed that the b40 national protection scheme will also offer medical insurance and takaful protection from 36 critical illnesses with payments up to rm8 000. Top 20 t20 middle 40 m40 and bottom 40 b40. Part of the b40 group.

The malaysian government has come up with various initiatives to assist the b40 group in securing housing of their own. Patients can also be treated in hospital at the rate of rm50 a day or rm700 a year. Top 20 t20 middle 40 and bottom 40 b40. First things first t20 m40 and b40 are all terms used to classify household income in malaysia.

His ba is conducted twice every five years and dosm is currently conducting the 2019 survey nationwide. Government will introduce a national health protection fund for the b40 group through a private insurance company. Chief statistician datuk seri dr mohd uzir mahidin said the household income and basic amenities survey report 2019 showed that b40 group comprised 2 91 million households while the m40 group consisted of 2 91 million households and the t20 group 1 46 million households. The would be a free coverage for four critical illnesses for up to rm8 000 and a maximum of 14 days replacement income.

The scheme also gives daily payments as income replacement in the event of hospitalisation for up to 14 days at rm50 per day or rm700 per year. The latest definition of t20 m40 and b40 are based on the department of statistics in malaysia dosm in october 2017. The malaysian government can help with housing. It s a more specific definition of upper class middle class and lower class that divides malaysian household incomes into percentages.

Malaysians are categorised into three different income groups. Coverage under the scheme commences 1 january 2019 and the scheme s registration and customer support services will be in operation from 1 march 2019. This is based on the department of statistics dosm household income and basic amenities his ba survey of 2016.