Blogs

Motor Insurance

WHY SHOULD I GET CAR INSURANCE?

In Malaysia’s Insurance industry, Motor Insurance as a product is one of the largest. This Insurance type is compulsory for all vehicles driven on the country’s public roads. Motor Insurance includes two types – Car Insurance and Motorbike Insurance.   Even though its compulsory, let’s look at why Car Insurance is important. Car Insurance provides

CAR INSURANCE CLAIMS – THIRD PARTY COVER

Car Insurance can be claimed in case of an accident. An accident can be our mistake, or the mistake of the other person, namely third party. Claims can be made under: Third party (compulsory cover to be purchased as per Malaysian regulatory rule) Comprehensive cover   Let us now discuss the claim process under: THIRD

CAR INSURANCE CLAIMS – THEFT

Car insurances may be claimed under the following circumstances: Theft Accident Damages caused due to natural disasters   In this article, we will deal with Claiming a Car insurance policy in case of THEFT.   PROCESS: If your car is stolen, following chart illustrates the process involved: Call Police Lodge a complaint Call insurance agent/company

CAR INSURANCE CLAIMS – COMPREHENSIVE COVER

As the name suggests, it is a comprehensive policy and it protects third party and damage or loss of property of your own car. With some additions, some policies may even cover you or the car’s passengers for any injury or even death.   Relatively newer cars can obtain comprehensive covers as it is expensive

Travel Insurance

WHY TRAVEL INSURANCE?

TRAVEL RIGHT!! Most of us love to plan for that much awaited holiday to get away from everyday life. While we all want to have the perfect holiday, things may not go on to be smooth sailing always. There are times when your flight may get canceled due to various reasons, or your baggage could

HOW TO MAKE TRAVEL INSURANCE CLAIMS

Travel Insurance has a wide variety of components that it covers. Thus, making a claim may vary with each type of eventuality. In all aspects. the documents required, and process to claim are common.   Prior to making a claim, it is imperative that in an event of any kind of emergency while travelling, you:

Health Insurance

WHY HEALTH INSURANCE?

Good health is definitely the best wealth to have. With our sedentary lifestyle (blame automation & technology), there are higher cases of people with diseases like diabetes, heart diseases, obesity etc. According to the Institute for Health Metrics and Evaluation (IHME), as of 2017, Ischemic heart diseases, lower respiratory diseases and stroke are the top

HOW TO MAKE HEALTH INSURANCE CLAIMS

Claiming your health insurance can be done under two methods: Cashless policy Reimbursement policy   CASHLESS POLICY If your insurance company has a tie up with a particular hospital, cashless policy is the way to go in order to make claims for treatment received. A cashless admission policy allows you to get admitted into a

Life Insurance

WHY LIFE INSURANCE

Prevention is better than cure, is a common proverb which holds good when we bring up the topic of life insurance. To assure that our loved ones do not suffer financially due to the death of a breadwinner, buying a life insurance is imperative. Without breaking the bank, life insurance can be bought by paying

LIFE INSURANCE CLAIMS

A life insurance policy can be claimed in several ways. Let us look at the most common scenarios.   DEATH CLAIMS 1. Contestable Claim: When death occurs within two years from the policy issue date or the latest date of reinstatement (whichever is later), is a contestable claim. There are two scenarios in a contestable

Home Insurance

WHY HOME INSURANCE?

There is a saying, ‘Home is where the heart is’. Even if one considers a home as a permanent fixture, a deeply loved home is prone to perils & damage. Disasters affecting a home can come anywhere and in multiple forms. Thus, having a home insurance to protect your home and the valuables in it

Takaful Insurance

TAKAFUL CLAIMS

Claims under Takaful insurance are of three types: Motor Non-Motor Family Products   MOTOR CLAIMS UNDER TAKAFUL This will act as a guide for motor claims and types of documents needed under various motor policy claim scenarios.   CLAIMS IN THE EVENT OF ACCIDENT Once a car is involved in an accident, do not agree

WHY TAKAFUL INSURANCE?

Based on the Islamic Muamalat (Islamic transactions), Takaful insurance is a Shariah compliant Insurance. Members under this insurance contribute funds in a pooling system. The funds collected are called Tabarru and such contributors are covered under Takaful. The laws governing this type of insurance brings out the importance of co-operating and protecting fellow individuals.