Car Insurance Malaysia Company

Car Insurance Malaysia Company – As part of Bank Negara Malaysia’s (BNM) continuous efforts by all insurance and takaful industry players to fulfill their responsibilities, BNM and the Board and Management Committee Association (MTA. LIAM/PIAM) have approved the research firm to conduct the Customer Satisfaction Survey (CSS) 2024/25. . For more information on NielsenIQ Malaysia recruitment please visit our advertising page. 

We’re here to protect your car and others in the event of an accident. Plus, you can customize your home coverage to suit your needs and budget with our affordable add-ons. Save more by paying for what you really need.

Car Insurance Malaysia Company

This list is non-exhaustive. Please see Comprehensive Motor Insurance Policy for all optional benefits available under this policy.

Car, Travel, Health & Business Insurance

1. Travellers’ Liability / Legal Liability It is an offense under the laws of the Republic of Singapore to enter the country without traveller’s motor insurance cover.

2. Read and understand the insurance policy and discuss it with an agent or contact the insurance company directly for more information.

3. For faster service, customers are encouraged to provide complete information required for bond/original quotation or copy of previous schedule/renewal notice.

4. Customers are welcome to drop-in at any GEGM branch or at our head office at Menara Great Eastern, Level 18. 303, Jalan Ampang 50450 Kuala Lumpur or contact GEGM Customer Careline @1300-1300 88/[email protected]. They can also be referred to some GEGM agents.

Bank Negara Malaysia

5. Please be assured that our Covered/Insured Money Insurance service is based on Market Valuation through Malaysia Berhad’s ISM ABI system, which is accepted and practiced by the Takaful and Insurance industry in car pricing. 

1. Aadhaar is for general information only. Not the contract itself. Please refer to the documents defining the terms of the insurance policy.

2. Great Eastern General Insurance (Malaysia) Berhad 198301007025 (102249-P) Licensed under the Financial Services Act 2013 and regulated by Bank Negara Malaysia. Paying users are eligible to receive “RM8 Down” in your “My Rewards” if you spend at least RM88 in a single receipt via PayWallet.

3. The “RM8 OFF” offer ends with a total of 62, 500 redemptions during the campaign period.

Personal & Business Insurance

4. Offer valid for two (2) in-store with a limit of one (1) redemption per user per day throughout the campaign. AEON Co, AEON Big, AEON MaxValu Primus and AEON Thermae participated during the campaign. 

5. All AEON Co, AEON Big, AEON MaxValu Primi, AEON Thermae outlets will receive an instant “RM8 discount” with a minimum transaction of RM88; It is reduced under “My Rewards”. To be redeemed within 30 days from the date of issue by clicking on “Use Now” under “My Rewards”.

6. Once all redemptions are paid in full or the Promotion Period ends, whichever is earlier, the Promotion will end.

8. And AEON Group shall have no obligation to inform Users through any communication once the complete offer has been made.

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9. The offer is only available for AEON Co, AEON Big, AEON MaxValu Primus, and AEON Therma physical stores against which purchases can only be made at the dispenser via Redde Wallet; Offer not valid for online or in-mart purchases.

12. And AEON Group reserves the right, at its sole discretion, to change, extend or cancel the Promotion or modify the terms and conditions at any time without prior notice. In the event of any dispute arising directly or indirectly from the Promotion, the decision of AEON Group shall be final.

13. These Terms are governed by the laws of Malaysia and any dispute arising out of or in connection with the Promotion shall be referred to the exclusive jurisdiction of the courts of Malaysia. What are the similarities between MyV and Mercedes? Answer: Valid car insurance is required for both vehicles allowed on the road.

New or second-hand, domestic or imported, if you own a car you must have valid car insurance to be able to drive on the road; As simple as that 

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Anyone who is different from you, either ignorant or naive, does not respect the safety of himself and those around him.

Additionally, if you have valid car insurance and road tax (the two come together, you can’t buy or renew one without the other) set aside extra money to pay the trade-in quote if you get one. Flagging or being stopped by the police for speeding.

According to the Road Transport Act 1987, all car owners in Malaysia are required to have valid car insurance and road tax, both of which need to be renewed annually.

But, legal requirements aside, it’s also important to have adequate car insurance coverage for your car in case something bad happens to it (collision, natural disaster or even theft), you trust your insurance policy to cover the cost of your car’s repair – or replacement.

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According to research conducted by the Malaysian Road Safety Research Institute, more than 400,000 road accidents were reported in 2020 alone, of which nearly 5,000 were fatal. 

This is one reason to buy the right and comprehensive insurance policy for you and your vehicle while on the road.

There are three types of motor insurance available in the Malaysian market, each unique to cover you or your vehicle.

Third party cover is usually the cheapest of the three car insurance covers offered and is the most basic form of car insurance you can get in Malaysia. 

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Picture this: It was a rainy night and after returning home from work late at night. The road was slippery and suddenly, your car skidded at the junction and collided with another motorist. You are incidentally untouchable – but the same cannot be said for the injured person.

They need at least third-party auto insurance for hospital tickets – not to mention vehicle repairs. 

As the name suggests, a third-party insurance policy covers claims against you due to bodily injury or death caused by other people (third parties). This also includes loss or damage to their vehicle or property.

Most third-party fire and theft cover works like third-party cover, except the policy allows you to make a claim if the vehicle is damaged by fire or stolen.

Insurance Plans For Your Overall Protection

Please note that this type of cover addresses accidental fire and theft loss/damage, but not accidental loss/damage. 

This car insurance policy provides more comprehensive coverage than the two previously mentioned car insurance covers. 

Apart from covering all the above, it also covers damage to your vehicle!

Comprehensive car insurance is useful if you can’t replace your car this way, for example using your savings to buy a new car or use another car. 

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Now that you rely on your vehicle to work to change models and the above scenarios do not apply, you will have a comprehensive cover that will provide cash equivalent to the replacement value (current value) of your vehicle; So at least you can go and buy another car.

Determining the right amount of car insurance is not rocket science. Insurers strive to make your life easier and determine the best insurance coverage for your vehicle’s value. 

With the de-tariff coming into effect from July 2017, a surcharge is applied to determine your premium. However, the sum insured actually goes back to the market value of your car.

Simply put, insurance companies can get the technical details of your car from their database, such as year of manufacture, engine size, model type, horsepower, etc., so they know the original value of your car versus the financial value of your car; Speed ​​itself is given.

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It’s simple, if you buy a new car worth RM100,000, your insurance amount should be just as good. 

As the original value depreciates over the years and as your vehicle ages, insurance premiums may also decrease each year to match the depreciation and value of your vehicle.

In theory, you could decide to buy below-market insurance for your car. For example, if the market value of your car is RM22,000 after two years, you decide to buy total insurance of only RM20,000.

You may save some money, but in the end, you may still settle for the full amount of RM22, 000 as the premium difference may only be a relatively small amount.

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