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Pay Your Life Insurance Premiums Using Credit Cards, Debit Cards With Pin & Pay Feature - LIAM

KUALA LUMPUR, June 22 (Bernama) -- All payments for insurance premiums via credit cards and debit cards will be using the six digit Personal Identification Number (PIN) verification effective July 1, 2017, Life Insurance Association of Malaysia (LIAM) announced today.

Chubb Launches Non-tariff Rated Motor Insurance

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.

Policy Holders Urged To Inform Families To Ease Claims

KUALA LUMPUR, June 8 (Bernama) -- Maybank Ageas Holdings Bhd, the parent company of Etiqa Insurance Bhd, Etiqa Takaful Bhd and Etiqa Insurance Pte Ltd (Singapore), has urged individuals to inform their families of their life insurance policy and family takaful certificate to ease claims later on.

AmMetLife Takaful Launches Shariah-compliant Term Takaful Plan, I-Am Wira

KUALA LUMPUR, May 25 (Bernama) --AmMetLife Takaful Bhd has recently launched its latest product i-Am Wira, a shariah-compliant term Takaful plan that offers three coverage plans with triple indemnity benefits for individuals aged from 18 to 55 years.

PIDM Continues To Enhance Organisational Preparedness

KUALA LUMPUR, May 24 (Bernama) -- Perbadanan Insurans Deposit Malaysia (PIDM) continues to enhance organisational preparedness to contribute to the financial system's stability to ensure that the public has prompt access to their savings in the unlikely event of a member institution failure.

Liberalisation To See Insurance Penetration Rate Increase To 75 Pct By 2020

KUALA LUMPUR, May 22 (Bernama) -- Bank Negara Malaysia's (BNM) efforts at liberalising the insurance sector will address the protection gap in the country and increase the insurance and takaful penetration rate to 75 per cent by 2020.

Government Will Not Tolerate Insurance Companies Increasing Premiums - Johari

KUALA LUMPUR, May 20 (Bernama) -- The government will not tolerate insurance companies which try to increase motor insurance premiums without justification, says Second Finance Minister Datuk Seri Johari Abdul Ghani.

Change To Stay Ahead, Says LIAM

GENTING HIGHLAND, May 17 (Bernama) -- Life insurance professionals and financial advisors should constantly change and adapt to stay ahead, says Life Insurance Association of Malaysia (LIAM) Management Committee Member Gan Leong Hin.

LIAM-MTA To Develop Online Guide For Insurance Products

KUALA LUMPUR, May 17 (Bernama) -- The Life Insurance Association of Malaysia (LIAM) and the Malaysian Takaful Association (MTA) is developing an integrated financial website, equipped with self-assessment tools to guide consumers in choosing suitable life insurance products.

Insurance Industry To Gather At Operational Strategies Conference

By Suriani Razali

KUALA LUMPUR, May 8 (Bernama) -- Insurance industry players will gather at the 2017 LIMRA LOMA Operational Strategies conference on May 22-23, to help them prepare for the wave of technology flooding the sector.

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Pay Your Life Insurance Premiums Using Credit Cards, Debit Cards With Pin & Pay Feature - LIAM
Government Will Not Tolerate Insurance Companies Increasing Premiums - Johari

 
Change To Stay Ahead, Says LIAM

CLOSING, FRIDAY, JUNE 23
US 4.2865/2895
S'pore 3.0912/0944
100 Yen 3.8541/8578
Sterling 5.4537/4584
Euro 4.7880/7918
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 Bankerís Cheque, Bank Draft and Cashierís Order. Do you think this additional charge is justified?
 

 
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