Home > News > Nation
Friday February 7, 2014 MYT 12:00:00 AM
Friday February 7, 2014 MYT 7:07:15 AM
KUALA LUMPUR: Another hike in motor tariff premiums is set to take effect on Feb 15.
It will be the third adjustment upwards under a motor cover framework introduced in 2012 enabling gradual hikes over a period of four years.
The General Insurance Association of Malaysia (PIAM) said that for a private car of 1,400cc, the premium adjustment will be between RM6 and RM34 per year.
For motorcycles of 110cc, there will be a premium increase of between RM1 and RM3.50.
For express buses, the impact of the premium adjustment on passengers would be minimal at less than 10 sen per passenger per trip, PIAM said in a statement.
There is however no premium adjustment for commercial goods carrying vehicles, taxis and hired cars (chauffeur driven) for this round of adjustment.
The same goes for other classes of vehicles such as schoolbuses, factory buses, stage buses, tourist buses as well as hired cars (hirer driven).
PIAM said the new motor cover framework was a positive step towards promoting a liberalised insurance sector with further measures taken to improve the motor insurance and claims settlement processes.
To enhance the claims settlement processes, it said various measures had been adopted by insurers such as the introduction of the Accident Assist Call Centre to provide emergency assistance to policyholders involved in road accidents.
The 24-hour hotline 1-300-22-1188 also offers towing services and attends to claims enquiries.
Tags / Keywords:
Transport & Safety, general insurance, PIAM, adjustment, motor insurance
Policyholders to pay more for coverage
Hikes are death knells to policyholders, say industry veterans
Man who survived accident crawls for three days before rescue
Missing Italian seen heading to southern Philippines
Threats aimed at mothers, children attendees of dog-touching event
Not molotov cocktail attack on Customs officers car, says police
Man charged with murdering soldier
Actress’ ex-driver charged with CBT
Alibaba looking to expand Hollywood content offering: Bloomberg
Hong Kong for the pleasure of business travellers
U.N. rights watchdog calls for open elections in Hong Kong
Copyright © 1995-2014 Star Publications (M) Bhd (Co No 10894-D)