The Motor Insurance Award (MIA) organized by iBanding is an annual award given out to the Best Motor Insurance and Takaful company. The award is announced alongside the ranking of the Insurance and Takaful companies that shows how vehicle owners in Malaysia perceive their insurance providers. The intention is to provide Malaysians with independent information to help them decide from which insurance company to buy their motor insurance.
Have you heard of the Motor Detariffication or Liberalization of Motor Insurance ? It started in July 2017. This means that insurance for cars and motorcycles are no longer fixed and that each company can set their own price. Now that each company can set their own price, it becomes important to consumer to compare prices. When prices are different, then service becomes also very different. Companies that are more expensive might charge a higher price and companies that are cheaper might not provide good service. The annual Motor Insurance Survey finds out which companies provide good service and which insurance companies provide bad service. Once the survey is completed, iBanding will announce the top companies as the winner of the Motor Insurance Award.
In 2016, Allianz General Insurance was the best conventional insurance company. Among the Takaful companies Syarikat Takaful Malaysia won the Motor Insurance Award. Click here to read more about the results in 2016.
The participation on the Motor Insurance Survey is open to legal residents of Malaysia who are above 18 years of age, have a valid National Registration Identity Card (NRIC) and a registered vehicle (car or motorcycle) with insurance. Deatailed Terms & Conditions can be found here.
If you drive a car or motorcycle, you have bought an insurance. You have your own experience of how good or how bad your current insurance company is. You can make a difference by filling out the survey and let others know how the service is of your current insurance company. If every Malaysian driver fills out the survey we get the best possible picture of the service provided by the insurance/takaful companies. Your voice matters !
Our 2016 campaign also included a giveaway where survey participants were able to win some great prizes. Such as a brand new iPhone SE, attractive gadgets and plenty of other rewards every week.
Click here to see the 2016 campaign winners and prizes.
Each Sunday we draw a winner for a RM 50 Petronas Card and the results will be announced on following Monday