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Motor Insurance
In Malaysia, motor insurance is
regulated by the Road Transport Act 1987 and Part IV of the Act, it
requires every motor vehicle to be insured with an authorised insurer
for any liability which that person may incur in respect of the death
of or bodily injury to a third party caused by or arising out of the
use of the motor vehicle.
Having an adequate amount of motor insurance coverage
not only helps protect you, your family members and your business, it
is also the foundation of a good financial plan. With our comprehensive
motor coverage, you can be rest assured that you and your investment in
your new car can both be protected.
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COMPREHENSIVE
(AUTOSTAR)
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AutoStar is a comprehensive 5-star motor insurance plan
for private car.
This plan provides comprehensive coverage for:
| i) |
Accidental loss or damage to your
vehicle and the accessories and spare parts of your vehicle; |
| ii) |
Liability for damage to other peoples’
vehicle and property caused by your vehicle; |
| iii) |
Your (the driver) legal liability for death or
bodily injury to third parties caused by your negligence; and |
| iv) |
Personal accident benefits for you should you
suffer bodily injury in connection with your motor vehicle or while
mounting into or dismounting from or travelling in any private motor
vehicle. |
This plan also provides coverage for:
| i) |
Loss or damage to your vehicle caused
by fire, external explosion, self-ignition or lightning; |
| ii) |
Loss of your vehicle due to theft and/or damage
after being stolen; |
| iii) |
Claimant’s costs and expenses. |
Other benefits and special perils that can be
extended are:
| i) |
Caravan, luggage and boat trailers; |
| ii) |
Strike, riot and civil commotion; |
| iii) |
Flood, typhoon and other convulsion of nature; |
| iv) |
Act of negligence of passengers; and |
| v) |
Breakage of glass such as windscreen, window or
sunroof. |
English | Bahasa Malaysia
English | Bahasa Malaysia
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COMPREHENSIVE
(AGREED VALUE PLAN)
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Agreed Value Plan (AVP) is a comprehensive private car
insurance plan that designed specifically to protect policyholder from
financial difficulty arising due to vehicle being stolen or damaged
beyond economic repair.
This plan provides
compensation based on insured value not market value:
The standard practice in the insurance industry for
stolen or total loss claims is to reimburse based on the market value
of the vehicle at the time of loss or damage occurred, or the sum
insured in the policy whichever is lower. With Agreed Value Plan, if
your vehicle is stolen or damaged beyond economic repair, we will pay
the agreed value specified in your schedule, rather than the normal
market or resale value.
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COMMERCIAL VEHICLE
Commercial Vehicle insurance provides coverage for
accidental loss or damage to vehicle used in your business operations
and your legal liability for third party injury and property damage.
Physical Damage
This coverage protects the Insured from accidental
damage to the Insured, regardless who is at fault. The damage may be
caused:
| i) |
By collision or overturn; |
| ii) |
By fire, external explosion, self-ignition or
lightning or burglary housebreaking or theft; |
| iii) |
By malicious act; |
| iv) |
Whilst in transit (including the process of
loading or unloading incidental to such transit) by: |
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a) Road rail, inland, waterway, lift or elevator. |
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b) Direct sea route across the straits between
the island of Penang and the mainland. |
| v) |
By impact damage. |
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English | Bahasa Malaysia
English | Bahasa Malaysia
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Third Party Fire and Theft
Motor Third Party Fire and Theft (TPFT) Insurance is a
plan that provides protection against fire and theft to your vehicle,
as well as damage caused by your vehicle to third-party property.
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| Important note |
| The information provided above is a brief
explanation of the coverage and not a contract of insurance. The
specific details applicable to these insurance plans are set out in
each of the policy which is the operative document. Terms, Conditions
and Exclusions of the policy apply. |
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