Grab the Malaysia Motor Insurance Pool premium structure

Noticed from the traffic search for “Malaysian Motor Insurance Pool” of “MMIP” has grown substantially over the last couple of months… A total of approximately 8,000 page views over the last 8 months was observed. I thought it would be good if we upload the full documents in PDF version for easy viewing. Click and download as many times as you wish, and ……………. if there is a need to seek our opinions in regards your motor insurance requirements, you may email us or post a comment below.

Or if you need assistance with the purchase over at MMIP, do fill up the PROPOSAL FORM located at the lower section of the file document. Scan it and then email the completed document to us so that we can review the risk – loss profiles…. Our contacts would then be calling you up for a NON-OBLOGATORY discussion.

[download id=”5″]

Malaysia Insurance Online

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Agents are also encouraged to download and use the form.

Most importantly we appreciate your comment — every comment you guys made over here help in one way or another towards improving the contents for this site.

Thank you and happy learning….

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30 comments for “Grab the Malaysia Motor Insurance Pool premium structure

  1. Elaine
    December 16, 2014 at 18:57

    Hi hoping you may be able to offer me a solution. I have just purchased a 24 yr old BMW and want to get fully comprehensive cover. Any ideas?

    I’ve got a quote from MMIP but they can only offer 3rd party. Thanks

    • December 16, 2014 at 23:53

      Well, Elaine you can try Berjaya Sompo for third party, fire and theft (TPFT) at any of their agency outlets or at the customer service counter. HAPPY TRYING!

  2. Mohammad bin Md Sharif
    June 10, 2013 at 09:57

    I want to renew my third party motor insuance with MMIP but Suria Padu Taiping charge me RM100.00 for service charge.. Is there any other agent in Taiping offering this service because paying RM 100.00 for the runner’s fee is too expensive..? Thank you.

    • June 15, 2013 at 19:30

      You can try any of those and multi purpose insuran branches – they are servicing agents/provider for MMIP. You can try Pos Malaysia also. For info, agents generally charge a fee because they are quite some work to do making the purchase…..

  3. Rozi
    December 14, 2012 at 18:20

    berapa harga insurance 3rd party untuk kereta proton wira tahun 1996?pertama kali nak guna 3rd party

    • December 16, 2012 at 18:57

      RM 100 lebih secara panduan tapi pergi mana mana cawangan sykt insuran untuk dapatkan anggaran…. Kalau ada yang tidak mahu memberi servis, report kat sini atau kat bank negara.

  4. June 25, 2012 at 19:28

    Its such as you learn my thoughts! You appear to understand so much about this, such as you wrote the e book in it or something. I think that you can do with a few % to force the message home a bit, but other than that, that is fantastic blog. An excellent read. I will certainly be back.

  5. Jer
    May 7, 2012 at 23:23


    I am looking to get insurance coverage for vehicle transfer.

    Problem 1) The car is 43 years old since it got registered
    Problem 2) Road tax expiring August 2012, date forgot, but we can assume 1 Aug 2012.

    I am 27 now, Birthday Dec, I have another car with NCD55% and have more than 5 years driving experience.

    Should I:
    1) Renew insurance for 6 months, then when road tax renewal I go for 1 year insurance coverage to tie up with road tax?
    2) Get 15 months insurance and renew road tax when it expires and eventually insurance tie up with road tax?

    Or any other suggestion?
    I am located in JB if this information helps. Thank you.

    • May 11, 2012 at 16:09

      Hi! Jer,
      Do an extension on your existing policy to expire on specific date similar to your road tax expiry and I would like to think this is the better option. Otherwise, purchase a new policy on expiry for more than a year with expiry date coincides with the road tax expiry date.
      If you are thinking of transferring the other car’s policy NCD to this car, you can do so but do ask yourself if this makes monetary sense.

  6. Tham Wai Keong
    February 9, 2012 at 20:15

    My brother transferred his Proton Saga, 1996 model, to me
    last 20 October 2011.

    My sister had then arranged for a runner to go to Puspakom,
    and to buy third party insurance at MMIP, agent was Multipurpose Insurance.

    The insurance period was the usual one year, from 20 Oct 2011 to 19 Oct 2012.

    However, the road tax period is of course different, 30 Nov 2011 to 29 Nov 2012.

    Thus the Post Office at Kg Tunku, PJ, allowed me to buy only six months road
    tax, from 30 Nov 2011 to 29 May 2012.

    I will need to extend the insurance period from 20 Oct 2012 to 29 Nov 2012,
    in order to tie up with the road tax period, when I renew the next half year’s
    road tax soon.

    Can I buy this extension at any of the MMIP agents – Post Office, Uni Asia
    or Multipurpose ?

    Can I buy it now, and then renew the road tax later, i.e. up to two months
    before the current half-year’s road tax expiry date ?

    Can the purchase for the extension be done online ?

    • February 11, 2012 at 23:27

      Yes, you can extend the MMIP cover but it would be most convenient if this is done at Multipurpose’s office rather than going to POS or Uni.Asia. I am not sure the MMIP transactional portal allows for extension done from a different source. To extend now, this may be too early since you had already renewed your roadtax to expire in May 2012…. nonetheless if you need to extend now, you would need to explain to Multipurpose the reason for doing so. If they accept or the MMIP portal allows for such early extension then you should have no problem.

      As of now all MMIP related transactions are no available to the public online.

  7. Siva Kumar
    January 6, 2012 at 15:00

    I took an comprhensive insurance with Lonpac. Now my car is above 15 year, Proton Wira 1.6 manual, they gave me a 3rd party and i have renewe the road tax due to the time was short. Now I would want to replace it with a comprehansive insurance. Which insurance company offer this, and how i go about it

    • January 15, 2012 at 01:13

      Most insurance companies refuse to insure old vehicles, maybe you can try Kurnia, Berjaya Sompo, etc but it seems premium loading can be high…. Check them out if you are not satisfy with the premium you can proceed to continue shopping around….

  8. Susana
    January 6, 2012 at 13:20

    I need to change motor no.. went to the post office that i bought the cover, but they did not know how and what to do. Please advice. Thank you.

    • January 15, 2012 at 01:10

      Dear susana, did you purchase the policy from Malaysia Motor Insurance Pool (MMIP) vide Pos Malaysia? Kindly let us know your policy details….

  9. apak82
    January 5, 2012 at 17:45

    Saya memandu Perodua Viva terlibat dalam kemalangan pada 01.07.2011 yang lepas dengan lori dilindungi Malaysia Motor Insurance Pool. Saya ke balai polis untuk report kemalangan, adik masuk hospital dengan ambulance, kereta dibawa ke workshop(PIAM member) berdekatan situ. Kerosakan kereta agak teruk dihadapan sehingga kotak enjin pecah. Sekarang, masalahnya :
    1. Kereta saya belum siap diperbaiki setelah 6 bulan. Baru siap ketuk body dan cat. Enjin 100 peratus belum. Kata workshop urusan JPJ dan Perodua sebab no enjin belum selesai.
    2. Workshop putar belit. Segala maklumat saya cari sendiri. Saya rasa tersilap dan tertipu sekarang. Pihak adjuster tidak boleh dihubungi, pihak yang uruskan JPJ pun tidak boleh dihubungi.

    Situasi sekarang, ape perlu saya lakukan? tidak ada limit masa perbaiki kenderaan ke? macamana hendak complaint? apa yang saya boleh claim?

    • January 15, 2012 at 01:08

      Saudara boleh pergi ke website ini, Biro Pengantaraan Kewangan atau Financial Mediation Bureau untuk membuat pengaduan bekenaan dengan insurance kereta….

      Urusan JPJ dan Perodua berkenaan dengan nombor enjin seharus tiada berkenaan dengan tuntutan insurance.

  10. Din
    December 2, 2011 at 13:58

    Hi, my dad has an old Proton (20+ years).He couldn’t renew his road tax due as he wasn’t able to get it insured (went to Takaful places and they said no). Can you tell me precisely what he needs to do to get it sorted out? Thanks.

    • December 11, 2011 at 22:14

      I supposed he was trying to purchase a third party insurance cover. It is difficult and you would need to go to MMIP to get the insurance cover. All insurance companies and takaful operators were requested by Bank Negara to provide the facilities to enable clients to take up cover with MMIP. This is sort of mandatory. If any of these companies are NOT helping you then do pursue this with the consumer association or the Insurance / Takaful associations or even Bank Negara. Check their websites for info if you need to complain.

      On the other hand if you dad feels he can spare some cash, just purchase a third party fire & theft (TPFT). This is sold between RM250 to RM350 so do give it a try too…. and happy shopping.

  11. arsh
    November 5, 2011 at 06:59

    Is it possible, that i extend my insurance for another 4 months wef Feb2012, and some days later ie in Dec2011 I withdraw/ retrieve my insurance payment back. How much would i get back??

    • November 5, 2011 at 21:15

      Yes, you can extend your insurance for 4 months to expire sometimes Feb 2012 and if you then request for a cancellation the refund is usually pro-rate basis. However, there may be some companies insisting to cancel on basis on a short period.

  12. Jett
    May 7, 2011 at 22:11

    i would like to know regarding the 3rd party insurance with old car exceeding 10 years or above. according to Bank Negara statement, it states that old car which has been sent to puspakom to check its condition on road, after being approved, then we can get 3rd party insurance with a normal rate of premium even in POS office,do we?

    • May 10, 2011 at 23:34

      Yes, you can still get a third party… previously this was extremely difficult. Nowadays all insurers are required to sell the MMIP cover. If the insurers are not able to provide you with one, then you can request them to issue one for you… i mean the third party insurance cover. However the premium is abit expensive… just abit expensive only. Try reading this writeup…
      In respect of where is the best outlet to buy from… it is best to buy it from Multipurpose or Uniasia for the time being because they are deemed the official servicing insurers for MMIP.

  13. selvakumar ramachandran
    May 2, 2011 at 10:56

    i own a 1961 Honda 50 cc bike in good running and roadworthy condition but unable to renew the road tax since 11/06/2008 . i am unable to obtain insurance coverage for this grand old lady. Please advice as to how and where to obtain the insurance and what else has to be done to use it on the road again. thank you. hp 012 408 6768

    • May 2, 2011 at 19:49

      Selva, all you need to do is to go to either MultiPurpose, UniAsia or POS office to buy an MMIP cover…. Anyway, very soon all insurers and takaful operators should be able to provide you with this type of cover. SUch cover in short is termed as the “higher risk” or “could not find cover” types of cover. You can nvertheless buy only a third party insurance coverage…. But the premiums is not cheap, anyway it should help you get your bike on the road.

      • selvakumar ramachandran
        May 4, 2011 at 12:50

        thanks for ur advice. i have done a Puspakom inspection and last night watched the BNM directive to all insurers to provide cover for all vehicles irrespective of age. i will try some insurers and the /multi-purpose. it is so difficult nowadays to obtain insurance for oldies.
        thanks alot

        • May 10, 2011 at 23:13

          Yes, since 1st May this year all insurers / takaful operators are supposed to issue MMIP cover for the public if their internal underwriting guide cannot provide cover. Most companies are now able to issue for you… also no longer charge any basic loading BUT then there are still loadings in respect of age of vehicle, loss experience and so on. Still this is lot more cheaper.

  14. March 28, 2011 at 22:42

    Grab the pdf file to help you calculate your premium when buying MMIP related insurance, as at today, 28 March 2011 there are more than 94 downloads by readers.

  15. March 6, 2011 at 13:44

    [New Post] Grab the Malaysia Motor Insurance Pool premium structure – via #twitoaster

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