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.

The New Motor No Claims Discount (NCD) practices – Consumers gain, Insurers leak?

e-Report on NCD

The date, 1st July 2010 will mark another day for a major change to a long established Motor insurance practice…. this time is about the manner the No Claims Discount (or NCD) is to be confirmed. We expect some rough…

Motor Insurance Direct Discount – time for agents to reinvent

special thanks to http://www.facebook.com/miiagroup

In 2009, the Malaysian non-life insurance industry had resolved to provide MANDATORY discount on all motor insurance purchased directly from the insurers – the scheme of discounting was such that it would be 5% for the first year of implementation…

Driving your Motor Vehicle into Singapore?

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…

Say NO to Motor third party bodily injury and death liability limit of RM2 million…..

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…

A middle finger too stiff… more decisions too self-serving!

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…

The New Motor Insurance Cover – taking a glimpse……..

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…

You got mail…. A FREE PA from Chartis! But have you got yours?

You-Got-Mail-TM-International Two weeks ago I received an email from Chartis notifying me that I am now a proud owner of a free RM30,000 Personal Accident for 6 months. This PA was issued as part of Telekom Malaysia Berhad or “TM”…

Our Insurance eCommerce, B2C concepts needed some revisiting….

A PROJECT INTO INSURANCE e-COMMERCE FOR AGENTS I attended a function recently, a function where bloggers gather in a drinking place to make a fuss about all sort of things – from slow internet speed, poor paying advertisers, useless software…

The National Third-Party Bodily Injury Liability Scheme…. jumping the gun or what?

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…

Is there really FREE Insurance? And who is paying for it?

Some mainstream news portals recently reported FREE Insurance available to customers….. I just can’t help thinking, “Is there such a thing called FREE Insurance?” Just navigate into the page(s) of the Bernama and Business Times news portal, you probably understand…