Posts tagged with: phased liberalisation

  The Malaysian Transport Ministry is studying the possibility of implementing a flexible road tax payment system that will be calculated based on vehicle conditions, mileage and drivers’ traffic offences, according to a report by The Malay Mail. “This flexible...
In less than two months we will be facing with one of the biggest changes we’ve ever seen taking place in the Malaysian insurance and Takaful industry. This change will affect all of us who own or drive a motorized...
The Malaysian Competition Commission (MyCC) recently decided that general insurance companies in Malaysia violated the Competition Act 2010. As a result of this decision, MyCC has proposed a total fine of RM213.45 million against all general insurance companies in Malaysia...
Many Malaysians are still unaware that come July 2017 when the Detariffication starts, their motor insurance premium will never be the same again. How? Well first let’s try to understand how the current system works, and how it has been...
We have covered a lot about road accident in our Accident 101 series, from what to do at the scene of the accident and at the police station, to how to handle different kinds of insurance claims. Below are the...
What you need to know when making a Third Party Claim This is Part 5 of our Accident 101 Blog series. If you haven’t read the first four articles, you might want to check those out too. 1 – What...
What does Motor Detariffication mean in Malaysia? The Summary After motor detariffication, insurance companies in Malaysia are allowed to set their own insurance prices. If you are considered a safe driver, your car insurance will be massively cheaper. If you...