Posts filed under: Detariffication

  With the newly introduced motor detariffication (where premium is no longer solely determined by vehicle sum insured and engine capacity but also by the risk profile of the individual driver), it now has become even more important for Malaysians...
In less than two months we will be facing with one of the biggest changes we’ve ever seen taking place in the Malaysian insurance and Takaful industry. This change will affect all of us who own or drive a motorized...
Many Malaysians are still unaware that come July 2017 when the Detariffication starts, their motor insurance premium will never be the same again. How? Well first let’s try to understand how the current system works, and how it has been...
By now, many may have already heard of motor de-tariffication also known as phased liberalization that is slowly being implemented here since June of this year. Here’s the nutshell version of what it is for those who don’t know what...
It is official, Motor Detariffication in Malaysia been launched and now live since July 2016! But has anything changed? Not really! We will explain why. PIAM (Persatuan Insurans Am Malaysia) has published additional information on the Detariffication this month for...
Motor detariffication FAQ If you visit our Facebook page often, you would have noticed we spoke a lot about the coming implementation of Motor Detariffication. This is because we find that this subject important as it affects all Malaysians who...
More details about Malaysia’s Motor Detariffication and also the timeline has finally been provided. The REAL motor detariffication will start July 2017. If you do not know what motor detariffication is about, check out our previous article on Motor Detariffication in...
What does Motor Detariffication mean in Malaysia? The Summary After motor detariffication, insurance companies in Malaysia are allowed to set their own insurance prices. If you are considered a safe driver, your car insurance will be massively cheaper. If you...