Category: Consumer

Relates to numerous developments within the industry that may have some impact on consumerism. You need to read but need not have to understand fully… meaning read between the lines and then write us a two, three liners.

Violent Forcible Entry or Exit — A Robbery Affair

Macally Air-Alarm1 SecurityMan D.I.Y. Wireless Home Alarm System Kit

Whenever we issue any theft or burglary related coverage it is a norm to have “VIOLENT AND FORCIBLE ENTRY” as a condition before any such loss is covered. Whether you are an insurance consumer or practitioner, including agents it is…

Latest Proposed New Motor Insurance Framework – Rakyat Di Dahulukan

The old TPBID or ACT Scheme

PROPOSED NEW MOTOR COVER FRAMEWORK — An extraction from the recent CONSULTATION SESSION WITH INSURANCE & TAKAFUL INDUSTRY on 23rd February 2011 This new motor framework was structured very much differently from the earlier version (refer to Fig 1 below…

Valentine Day | Marrying… consider some marriage-support insurance

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Happy Valentine Day…. and wondering what to write about the occasion. Oh! yes… we are not going to get ourselves embroil in the recent fatwa (or edict) concerning “Mind the Valentine’s Day Trap”… Perhaps it is good if we revisit…

Personal Data Protection Act 2010 | Getting the insurance industry to order

Personal Data Protection Act 2010

The Malaysian Personal Data Protection Act (PDPA) was gazetted sometimes on the 10th June 2010 and has since been a subject of intense discussion amongst the insurance practitioners and community – something that many of us would want to talk…

Writing for the Money | Insurance Articles

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Blogging for the money is normal and that’s include monetising your blog and so on, but writing for the insurance association (aka Persatuam Insurance Am [PIAM] or Life Insurance Association of Malaysia [LIAM]) for money is something else. During my…

Saving on Service Tax | Your Insurance Policy

service tax 2011

Just received news concerning the new service tax application – mainly to do with the timing and cut-off date relevant to the transition process, from the existing rate of 5% to 6%. On December 2nd, 2010 the Ministry of Finance…

Frustration when buying motor insurance?

Over the past months, I had quite a number of people calling (including emailing) me for information as to how and where to buy insurance for their motor insurance online. Many were complaining of the very expensive premiums that they…

Pay up the 1% extra service tax on your insurance premium….

[ad name=”Google Adsense”] Come 1st January 2011 if you own a business you would be required to pay an extra 1% of the premium as service tax. This means an additional RM40 million in service taxes to the government coffer.…

Third Party Bodily Injury NewCo | Miscarriaged without clarity?

travelling together but MINDs apart!

  The original idea to have the third party bodily injury and death (TPBID) section taken off the current motor insurance policy coverage and place them under the New Company (NewCo) is now no longer a good one. This idea…

Top 5 things you should know |Introducing New General Insurance and Takaful Products

It took me quite awhile to finalise a review of Central Bank (BNM)’s BNM/RH/GL 010-14 “Guidelines on Introduction of New Products for Insurance Companies and Takaful Operators”. Procrastinating, perhaps! Anyway, I must say it, “Guidelines were badly written….” and the…