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Better Protection for Malaysians with the liberalisation of motor insurance / motor takaful

Why Is Motor Insurance / Motor Takaful Being Liberalised?

Currently, motor insurance premiums/motor takable contributions are determined by tariffed rates based on model, age and engine capacity of vehicles, and discounts the form of NCO*. Starting 1 July 2017, the premium/takaful contribution for Motor Comprehensive and Motor Third Party and Theft products will be determined by individual insurance companies and takable operators. Liberalisation will drive fairer ways of pricing premiums/takaful contributions based on risk profiles, which will encourage road users to be more responsible. This will spur innovation with more products and services to meet different consumer needs for the ultimate benefit of the motoring public.

What are the Benefits?

More Choices. New and innovative products. Better Efficiency. Smoother and more efficient services Fairer Pricing. Premiums / takable contributions will be priced fairly based on risk profile groups

How you can make a difference.

Here are some useful tips:

Adopt Good Driving Behaviour

  • Maintain your No Claim Discount by driving safely and avoiding accidents.
  • Diligently follow traffic rules, including not using mobile phone while driving, to keep a clean record

Maintain Your Vehicle Well

  • Reduce the chances of accidents by following your car’s maintenance schedule.

Don’t Speed

  • Observe the speed limit at all times and drive safely
  • Use the speed lane only when you are overtaking other slow vehicles

Shop Around for the Best Option Compare premium / takaful rates offered by insurance providers / takaful operators to get the best value and coverage.

 

Motor Insurance - How You Can Make A Difference Today

Watch this video and learn how you can make a difference in motor insurance.

 

 

 


 

Bahasa Malaysia Version

Insurans Motor; Kini, Anda Sebagai Konsumer Berhak Membuat Perubahan

 


 

Chinese Version

Group Chairman & CEO Makes His Way to Malaysia for the First Time

Group Chairman & CEO Makes His Way to Malaysia for the First Time.

Chairman Visits Malaysia

 

Chairman and Chief Executive Officer of Liberty Mutual Insurance Group David Long made his way to the soon-to-be Liberty Insurance Berhad’s office on 28 April 2015. David, together with Executive Vice-President Melanie Foley, Chief Information Officer James McGlennon, and Chief Finance Officer and Executive Vice-President Dennis Langwell took the opportunity to meet some of the Malaysian employees while they were in the country for a business meeting with the senior management team in Malaysia.

Chairman Visits MalaysiaChairman Visits MalaysiaChairman Visits Malaysia

After flying across the globe to Malaysia for the first time, David took the opportunity to visit one of Kuala Lumpur’s most iconic landmarks – the Petronas Twin Towers at KLCC, accompanied by our very own Liberty team.

Sensible precautions for less stress this balik kampung season

Sensible precautions for less stress this balik kampung season

Chinese New Year 2016

This 8th February, the Chinese population around the world ushers in the Year of the Monkey during Chinese New Year, also known as the Spring Festival.

The celebration of the new year combined with the weekend, encourages many Malaysians to take the week off to rest, relax and have some bonding time with loved ones.

The infamous ang pau season typically begins with families packing up their cars, and beginning the exodus to visit their families and friends in different cities and states, and sometimes even across borders. This can be a stressful period filled with traffic jams and worry about protecting our homes. So, to ease our fears a little this coming festive season, there are some sensible precautions Malaysians can take before beginning their balik kampong journey. Here are some friendly reminders for Malaysians this festive season:

Secure your doors and windows. Spend some time to formulate a checklist of things to do before leaving the house, and stick to it. This decreases the odds of forgetting something important. Invest in good quality padlocks and keep a spare set of keys somewhere safe. Also, home alarm systems and CCTV cameras greatly increase security.

Inform family members and trusted neighbours. Having another pair of eyes watching over the house not only gives travellers some peace of mind but allows them to be immediately updated in case of emergencies.

Keep social media posts to a minimum. Almost anyone and everyone are on social media nowadays. The urge to post pictures, location tags and even holiday journals online should be kept to a minimum as it could be disadvantageous to let strangers know that you are far away from home.

Place a stop order on your mail if possible. With the rise of email and other digital communications platforms, the excitement of receiving traditional mail is something many of us may relate to. However, letting mail pile up in your letterbox or at your front gate is an obvious giveaway that no one’s home. Hence, place a stop order on newsletters and newspapers and prepay all utility bills should you be planning to go away for an extended period.

Trim your garden. This is perhaps the most overlooked precaution. Proper gardening indicates that the home is being cared for and provides the illusion that the house is not vacant. If you have unkempt grass, growing weeds, unraked leaves and the like, burglars will be more confident to enter your home.

Similarly, folks on the road often run into a hiccup or two in auto-related matters. Though veteran drivers will likely have taken necessary measures to ensure a smooth journey, many drivers may still forget a couple of essentials. Thus, a few important notes to make are:

Don’t procrastinate on getting your car serviced. The thought of waiting for a couple of hours in the car service centre lobby can inspire procrastination. Nevertheless, drivers should make sure to take this important precaution to prevent unwanted breakdowns, flat spare tyres, or even air conditioning failure.

Know your car. Before leaving your home always, always, always double check your tyre pressure, oil levels, radiator water levels, and that your lights and wipers are functioning. You know your car best, hence, you should take note of irregularities and address them immediately. During the festive season, there may be fewer mechanics to come to the rescue too, so, better be safe than sorry.

Understand your insurance policies. Car insurance provides an added sense of security to a driver. But not many drivers understand the extent of their coverage. Take some time out of your busy schedule to go over your policy. Alternatively, looking for new insurance coverage for the festive season can be wise as it would probably give you a better deal.

You’re on Malaysian highways- 4 hours can turn into 5, and then into 6 or even 10. Don’t fret when Waze notifies you that your trip is going to take longer than planned, or is rerouting you from your usual roads. Look at the scenic route as a new adventure. It’s not often that road trips come around, so make the most of it.

Following these simple tips will increase your comfort and sense of security throughout your travels, and reduce the likelihood of unwanted hassles. This festive season, the team at Liberty Insurance Berhad wishes you a life free of worry and fear, and filled with joy, prosperity and good health. May you have a Happy Chinese New Year.

Serve with Liberty 2015

A worldwide initiative where employees of Liberty Insurance volunteer their time to benefit the needy.

Serve with Liberty

 

Recently, 200 members from the Uni.Asia General Insurance team volunteered to refurbish Rumah Titian Kaseh in Taman Titiwangsa, Kuala Lumpur. The 4-day initiative from 5th to 8th May 2015 was organised in line with Liberty Insurance’s annual community service programme called Serve With Liberty, a worldwide initiative where employees of Liberty Insurance volunteer their time to benefit the needy.

During the initiative, the participants took turns to work in sessions to repaint the walls and clean up the entire area of the block that accommodates children aged 12 and below. The home consists of 3 blocks that house a total of 130 children. The other 2 blocks house boys and girls separately

Chief Executive Officer David Tan commended the staff members on their enthusiasm for the project. “This activity is a good start to get everyone more involved in taking on more CSR projects. It is also meaningful to do good away from work and this also allows the team to interact on a different level,” said David. All volunteers including David took the shuttle bus to the children’s home.

Warren Chang, the Head of Bank Insurance shared, “What we’re doing feels fantastic. Getting down and dirty and helping this home has made me see how people out there are struggling and it teaches me to appreciate my life better rather than taking it for granted.”

Another volunteer, Customer Care Manager Valerie Fernandez who is already very much involved in helping children’s homes outside of work, is glad that her colleagues can experience helping needy children. “This is great for the staff as it builds character and enables us to better understand the lives of the people out there who are in need,” said Valerie, who teaches pre-school classes for needy children every Saturday.

One staff member who was very excited to participate is Assistant Support Manager Angela Mary, who has been serving the company for 15 years. “It feels great to do this. We are giving these children hope that there are people out there who care about them,” said Angela Mary, who immediately signed up to volunteer the moment she received the invitation.

Meanwhile, our regional offices also organised their own Serve with Liberty projects.

You may view more photos from the 8th session, 8 May 2015 here.

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