Tag: Motor Insurance Matters

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…

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…

Passenger liability: Your kids are not covered…….

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…

Motor Insurance…. can make profits with so many unnecessary accidents?

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…

No Claims Discount online – A connectivity-controls issue….

  On 1st July 2010, the nation’s No Claims Discounting (or NCD in short) system has finally gone online. Despite all the grumblings, howlings and discontentment over the forced implementation among various stakeholders, things seemed rather quiet – perhaps for…

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…

Can an insurance agent issue policy on behalf of the insurer?

insurance policy issuance by agents

Since the early 1990’s after the sun had dawn on the now defunct underwriting agency channel and their network of sub-agency, insurance companies had totally discontinued allowing the issuance of policy documents (other than cover notes) by agents. Moreover the Bank Negara then was…

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…