Add-ons lead to high premiums

sizeDate: Sun, 23 Jul 2006 10:09:33 0800From: Wee Seng Tor ‹gneseewgmail.com›To: thumbnailsthestar.com.mySubject: thumbnailsX-Country-Chain: UNITED STATES-›MALAYSIA-›destinationX-RCPT-TO: ‹thumbnailsthestar.com.my›Description : Aftermath : Satellite dish rain in Bandar Damansara, Jalan Dungun.Name : Tor Wee SengContact : 0122516257

SINCE the insurance market was liberalised and the motor tariff dismantled last year, motor insurers in Malaysia have been able to charge premiums for insuring cars based on “risk factors” subject to certain guidelines and limits imposed by Bank Negara Malaysia. This is to ensure that motorists will be charged a fair premium based on their individual risk factors.

As a consumer and motorist, I expected the insurers to introduce improved motor policies that provided more benefits without increasing the premium significantly.