Recommend Us | About Us | Back to

News | Financial Calculator | Home Financing | Archived News |


  Welcome to Bernama Banking & Finance Special Page     
Insurance premium discount for careful drivers from January 2020
Last update: 08/10/2019

Anthony Loke Siew Fook

SEPANG, Oct 8 -- Careful drivers will get discounts on their insurance premium starting from January, said Transport Minister Anthony Loke.

Through this initiative, drivers who do not have traffic offence will be rewarded with lower insurance premium or additional discount on their No Claim Bonus (NCB), he said.        

He said the process of updating and sharing of driver information from the record system of Mysikap of Road Transport Department (RTD) and the Royal Malaysia Police (PDRM) is now in the final stage.

He said discussions were also held with the General Insurance Association of Malaysia (PIAM) which also agreed for the move to be implemented to raise the level of safety on the road.

“All mechanisms needed to provide discounts are in the final stage of preparation and it will be announced by the end of the year,” he told reporters after chairing the 60th Road Safety Council of Malaysia (MKJR) annual general meeting here today.

In this regard, Loke said his ministry will be regulating school van services which are unlicensed with the introduction of a special regulation based on the framework provided by the Land Public Transport Agency (APAD) and RTD.

He said the ministry is now in the process of determining the implementation mechanism regulations which among others are similar to the e-haling driver. 

“The regulations should be practical as the government is aware of the lack of school buses in rural areas,” he said.

He however stressed the need that regulations are only for school vans and not private cars.

Yesterday, a newspaper reported there are more than 50,000 vans, MPVs and cars are operating illegally to ferry pupils as well as children for pre-school classes nationwide even though the issue had been frequently raised.





100 Yen 3.9686/9736
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

© 2020 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This material may not be published, broadcast, rewritten or redistributed in any form except with the prior written permission of BERNAMA.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