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Motor Insurance Liberalisation To Drive Fairer Pricing

KUALA LUMPUR, July 3 (Bernama) -- The liberalisation of motor insurance in Malaysia which began on July 1 will drive fairer ways of pricing based on individual's risk profile, said AmGeneral Insurance Bhd.

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OPENING, WEDNESDAY, JULY 18
US 4.0530/0600
S'pore 2.9686/9748
100 Yen 3.5867/5939
Sterling 5.3131/3235
Euro 4.7238/7327
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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