Recommend Us | About Us | Back to Bernama.com

News | Financial Calculator | Home Financing | Archived News |

 

  Welcome to Bernama Banking & Finance Special Page     
 
Chubb Launches Non-tariff Rated Motor Insurance
Last update: 14/06/2017

KUALA LUMPUR, June 14 (Bernama) -- Chubb Insurance Malaysia Bhd (Chubb) has launched "MY Car Insurance", its first non-tariff rated motor insurance policy developed under the phased liberalisation of motor insurance move initiated by Bank Negara Malaysia.

Under the initiative, the price of motor insurance products would be determined by individual insurers and takaful operators, giving them the flexibility to develop and package motor insurance products and services to suit the consumer's budget, it said in a statement today.

Country President for Chubb in Malaysia, Steve Crouch said that it was an opportunity to drive innovation in its product offerings to meet the evolving needs of consumers.

"We conducted extensive studies on the Malaysian driver's experiences and designed an all-in-one solution encompassing coverage for inconveniences in the event of a vehicle breakdown, accident or flood," he said.

MY Car Insurance is distributed via all Chubb agents nationwide through its network of 23 branches and more than 2,500 agents.

-- BERNAMA








 <Back>

RHB Islamic To Provide e-solutions To PBT Pengerang
AIBIM Wants Govt To Channel Incentives For SMEs Via Islamic Banks

 
Maybank Islamic Named Best Global Islamic Financial Institution 2017

Life Insurance Companies Announce Flood Relief Measures
Islamic Finance To Gain By Leveraging On Technology - BNM Assistant Governor

 
AmGeneral Insurance Fast-Tracking Penang Flood Victims' Claims

MIDDAY, TUESDAY NOV 21
US 4.1410/1450
S'pore 3.0527/0559
100 Yen 3.6796/6838
Sterling 5.4856/4921
Euro 4.8607/8658
Source: Bank Negara Malaysia

Starting April the banks have imposed a 50 sen processing fee on top of the 15 sen stamp duty on each cheque. The fee also applies to those applying for a Banker’s Cheque, Bank Draft and Cashier’s Order. Do you think this additional charge is justified?
 

 
  Main | News | Insurance

© 2017 BERNAMA. All Rights Reserved. Disclaimer | Privacy Policy| Security Policy
This material may not be published, broadcast, rewritten or redistributed in any form except with the prior written permission of BERNAMA.
Best viewed in Firefox 8.0 & Internet Explorer 8.0 with 1024 x 768 resolution