Author Archives: admin

• Turning to ombudsman to redress disputes

  Posted on October 31, 2018 by admin in General News

  (The Star) Consumers seeking redress for disputes with their financial service providers (FSP) may turn to the Ombudsman for Financial Services (OFS) instead of going to courts as the only option. The OFS is an independent body set up in 2016 under the initiative of Bank Negara for alternative dispute resolution. It is the first […]

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• would driving with an expired licence breach your insurance?

  Posted on September 19, 2018 by admin in Insurance tip

  There has been some misunderstanding in this subject matter. Many people thinks that if your driving licence is expired, your motor insurance stop coverage too. This is mainly due to the policy wording in the insurance policy that says: “Unlicensed Drivers – There is no cover under this Policy if You or Your Authorised Driver […]

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  Would consuming alcohol affect your insurance?

  Posted on August 14, 2018 by admin in Insurance tip

  When you drink, don’t drive! This is the advise to all drivers, it protects you as well as other road users. It is common knowledge that your car insurance will not respond if you get involved in an accident under the influence of Alcohol. No only that, it is a crime and you can be […]

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• Accident due to using Mobile phone

  Posted on August 6, 2018 by admin in Insurance tip

  Many people know that it is an offend to drive while using mobile phone, yet you will find some many irresponsible drivers talking or checking their whatsapp while driving. Not only will they get fined if caught by traffic police, but their insurance company can decline to accept liability when met with an accident. In […]

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• What is Financial Mediation Bureau

  Posted on July 24, 2018 by admin in what is

  The Financial Mediation Bureau (FMB) is an independent body set up to help settle disputes between financial services providers such as banks or insurance companies with their customers. For insurance disputes such as claim settlement, or refusal to accept your claim etc, you may seek the service of FMB. FMB is an integrated dispute resolution […]

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• What is KfK (Knock for Knock)

  Posted on July 18, 2018 by admin in what is

  KFK stands for Knock for Knock. The KFK agreement is signed among all Malaysia Insurance companies whereby all insurers will refrain from exercising their respective subrogation rights against each others, irregardless whose insured party is at fault. Example, an accident occur between Vehicle A and Vehicle B. Vehicle B is clearly at fault, thus, the […]

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  Allianz General remains the No.1 choice in Malaysia

  Posted on April 18, 2018 by admin in General News

  The general insurance market in Malaysia is competitive with 21 general insurance companies fighting for a RM17.65 billion market. The two largest classes of insurance is the Motor and Fire sector, each taking a market share of 47.1% and 19.3% respectively.  The Motor premiums in 2017 is RM8.32 billion despite the slight drop in total number of vehicle […]

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• What to do if your car is stolen

  Posted on March 15, 2018 by admin in Insurance tip

  You wake up in the morning and get ready to head to work.  You walk toward your car pouch / parking bay and …… you did not see your car there!!!  The first thing that come to your mind is ” My car is stolen!!” Well, it is natural to get panic.  We would like […]

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• Adding Name driver to your insurance

  Posted on February 13, 2018 by admin in Insurance tip

  When you renew your car insurance, you will most probably be asked if you wish to add a second name driver for Free.  A name driver is someone who is legally included into the Motor Insurance Policy, otherwise, the policy owner is basically the vehicle owner. There are many occasions whereby parent may purchase a vehicle […]

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  Don’t Engage Third Party Tow Truck Service

  Posted on November 6, 2017 by admin in Insurance tip

  When met with an accident, it is common to be stressful and we gladly accept any help that come forward.  Tow Truck operators are usually the first to reach the accident scene.  They seem to be very knowledgeable and helpful, offering all sort of advises from repair cost, to insurance claim etc.  The best part […]

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• Allianz Stops RM5.6m Of Fake Insurance Claims

  Posted on July 19, 2017 by admin in Industry News

  Allianz General Insurance Company (Malaysia) Bhd has stopped bogus insurance claims worth RM5.6 million between 2014 and 2016. Head of Claims Jayapragash Amblavanar said insurance fraud was a growing concern in Malaysia and the company reported an average of at least six fraud cases per month between 2014 and 2016. “Single digit cases being reported […]

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• Best Car Insurance in Malaysia

  Posted on July 3, 2017 by admin in About Car Insurance

  Are you searching for the best car insurance company to insure your vehicle? With so many general insurance companies in Malaysia, you will be overwhelm with the many choices. In this articles, we shall discuss what you should pay attention to when deciding which insurance companies would be the best choice for your motor car […]

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• Buying motor Insurance direct or through Agent

  Posted on June 15, 2017 by admin in Insurance tip

  It is now easier to purchase your car insurance compared to many years ago. In the past, you will have to purchase your car insurance through agent by walking into their office. Nowadays, you renew your car insurance online without the need to leave your home or office. Many insurance agents (like us) offer online […]

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• Allianz Malaysia ramps up efforts to expand customer base

  Posted on April 26, 2017 by admin in Corporate News

  While tough economic conditions have taken their toll on businesses, insurer Allianz Malaysia Bhd is adopting unconventional ways to cultivate sales. Allianz Malaysia, part of Germany’s Allianz Group, acknowledges the challenges brought by the current slowdown. Insurance products are considered to be less of a priority. In an email reply, Allianz Malaysia chief executive officer […]

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• Safe drivers to gain from easing of motor insurance tariffs

  Posted on April 25, 2017 by admin in General News

  Motorists will have more choices for vehicle insurance products when the liberalisation of motor tariffs is put into place later this year. Bank Negara assistant governor Jessica Chew said that come July 1, insurers and takaful operators would no longer be bound by a set of fixed prices for insurance products. She said that they […]

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