Posts Tagged ‘ Motor Third Party Bodily Insurance claims ’

What is passenger liability cover in your private vehicle insurance policy? It simply means coverage for you in the event your passenger(s) sue you or your authorised driver for having driven the car negligently, resulting in bodily injury, death or property damage. Passenger liability is therefore also known as legal liability to passengers. Simple...
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Today and Yesterday… learned (or rather forced to) some hard facts, this BLOGGING thingy cannot be as easy as ABCs. First you have to know what to write, then you need to check if you have got the facts and the grammars correctly in place, check if the tech aspects of the blog have...
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It is an offence to enter Singapore without extending passenger-liability cover to your existing motor insurance policy. In Singapore passenger-liability cover is compulsory but Malaysian motor insurance policy has no auto-extension for such passenger-liability (or liability to passenger). Thus, it is a necessity for Malaysian Insured entering Singapore to extend their motor policy to...
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The deadline for submitting your protest or suggestions or even arguments over the proposed TPBID mandatory (Newco) scheme is already over. The government has decided, and the new basic third party insurance policy will be sold nationwide come Jan next year….This basic third party policy is the minimum insurance version that insurers would be...
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On the 30th April 2010, the Non-Life insurance industry held its first open-market discussion on the recent proposed national third party bodily & death (TPBID) Newco and its very sketchy operating model. This event was held by PIAM to obtain feedbacks from the members of the senior management of all member companies. Generally, the...
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The Malaysian newspapers reported some ROAD RAGE.… Mr. Beh, 43, a forwarding clerk nudged into the vehicle belonging to Mr. Lim, 52. He drove off with Lim chasing him close behind… both vehicles scraped one another. Lim then showed Beh his middle finger! Beh flew into a rage and a reverse-chase ensure. Both guys...
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Judging from the many hits to my previous postings relevant to this topic – 408 hits to blog posting: Difficult buying your Motor Insurance? Try Malaysian Motor Insurance Pool and 271 hits to another: The National Third-Party Bodily Injury Liability Scheme…. jumping the gun or what? within a two and a half months period….....
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I made a very fast, off the cuff comment to a question posted by my reader on the 6 March. After having a coffee,  chit-chat with the other industry practitioners yesterday, I may as well post the comment as a blog posting….. We spent so much time trying to get the facts and development...
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Performance of old vehicles in a nutshell. It is already common knowledge that old vehicles (≥ 15 years category) in the absence of adequate loading on the tariff gross premium are not writable risks, and especially so where more than 90% were on third party cover. Given ample opportunities to analyse industry statistics, I...
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Of late I heard of a RM4.8 million fraudulent TPBI claims suffered by a Small-Medium non-life insurer in Kuala Lumpur….. wonder if it is so easy to make such fraudulent claims. I overheard…there was approximately 124 files involved or rather discovered todate. Nothing happened….. the culprit is paying back after having sold some of...
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