Quick Guide on Liberalisation of Motor Insurance

Quick Guide on Liberalisation of Motor Insurance
Before 1 July 2017, motor insurance premium is fixed and controlled by Bank Negara Malaysia. 

Hence, the motor insurance offered by all the insurance and takaful operators are similar.

The premium is calculated based on:



Effective 1 July 2017, the tariff rates for comprehensive and third party fire & theft coverage are liberalised.



What Are the Benefits?


What Should Consumers Do To Enjoy Lower Insurance Premium?

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