Price war among insurance firms seen


KUALA LUMPUR: Price war and competition between insurance companies will likely occur following the liberalisation of motor and fire tariffs starting July 1, 2017.

The prices for the products will be liberalised and the “licensed persons” will be able to determine the premiums or takaful contribution rates for them.

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Monthly Plan

RM 13.90/month

RM 9.04/month

Billed as RM 9.04 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

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Business , insurance , price , war , premiums ,

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