Recommend Us | About Us | Back to

News | Financial Calculator | Home Financing | Archived News |


  Welcome to Bernama Banking & Finance Special Page     
Insurance coverage for longhouses
Last update: 20/08/2019

KUCHING, Aug 20 (Bernama) -- Allianz General Insurance Company (Malaysia) Berhad has come up with an affordable insurance coverage plan for longhouses.

Pos Malaysia Berhad is managing the plan and longhouse chiefs interested can contact its nearest office.

Today, a group from Pos Malaysia led by its area sales manager, Sawing Bajing and Allianz General Insurance marketing executive, Vera Phang Lee Ping paid a courtesy call on Deputy Chief Minister, Datuk Douglas Uggah at his office to brief him on the insurance coverage plan.

Uggah described the plan as most interesting for any longhouse as the yearly premium is only RM75 for a coverage of RM10,000 which covers fire and natural disasters like flood and stormy wind.

"It also provides some coverage for each longhouse resident. The conditions are very reasonable. Most longhouses can qualify in insuring the properties.

"All longhouses should ideally have at least an insurance coverage," he said. 

Uggah said the plan was worth considering as his Bukit Saban state constituency alone had a total of 94 longhouses. 

According to statistics from the Fire and Rescue Department for this year (until July 31), 12 longhouses across the state had been destroyed by fire.

Last year, 24 were destroyed by fire and 26 in 2017, the biggest number since 2015.

Seventy per cent of the cases were caused by electrical short circuit and 20 per cent by negligence while cooking using gas appliances.




Islamic Banking institutions urged to provide training to strengthen SME sector
Govt sets up special committee on Islamic Finance

Bank Muamalat's Mohd Arfaizal emerges champion of BNM's elocution contest

LIAM committed to increasing life insurance penetration rate
Govt likely to revise life insurance penetration rate target

LIAM appoints new president for 2019/2020 term

US 4.1780/1810
S'pore 3.0346/0379
100 Yen3.8621/8659
Euro 4.6000/6037
Source: Bank Negara Malaysia

Reduction in the overnight policy rate (OPR) by Bank Negara Malaysia would be good for consumer spending and investment;
Not sure
  Main | News | Insurance

© 2019 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This material may not be published, broadcast, rewritten or redistributed in any form except with the prior written permission of BERNAMA.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