LIBERALISATION OF THE MOTOR TARIFF IN MALAYSIA

Dear Valued Customer,

For many decades, the motor insurance/takaful premiums/contributions in Malaysia were defined by Tariff rates set by Bank Negara Malaysia (BNM). When premiums/contributions are set by Tariff rates, the insurance/takaful companies are not allowed to vary the rates.

With the abolishment of motor Tariff rates effective from 1 July this year, each insurance/takaful company can use their own methods to calculate the price for motor premiums/contributions.

At Takaful Malaysia, we would like to offer you the best value and price when you renew/participate in our motor takaful plan.

With effect from 1 July 2017, you will be entitled to our enhanced motor features which include the complimentary personal accident coverage for the driver and all passengers and unlimited number of towing services under our Tele Bantuan Program. These are in addition to our 15% Cash Back for no claims. Best of all, we offer the motor coverage at an affordable contribution.

Click here to know more about the motor detariffication and our enhanced motor product offerings.

Should you have any enquiries, please contact our Customer Service at 1-300 88 252 385 or email us at csu@takaful-malaysia.com.my .