INSURANCES COMPANY VS BANK

Insurance Company VS Bank

How many of us realize the importance of insurance? Here, I wanna share with you guys a real story. Please spend a few minutes to finish it. 

中文版：

English version:

Share a story from a insurances colleague.

5 minutes ago, one of my friends call me, he is a banker and he said: we have a customer who are involved in the Malaysia Airlines aircraft (MAS) case, the customer still has over 700 million loan with the bank, he asked if I could able to check whether this customer had buy any insurance from insurance companies, how much of the insurance coverage. I asked him why he should know this information, he said: if the customer did not buy insurance, we will apply to the Court as soon as possible to freeze any asset and deposit which belongs to him.

Suddenly I felt very angry, but I can understand, he just do his job to recoup the losses for the bank. I told him the bank he working now alike take pleasure in hitting a man when he's down, he asnwer me: what to do.

If the customer's family at this moment know that the house they lived in may be taken back by bank, the only deposit will be frozen, what it means for them, definitely a double whammy for the family.

I think currently it's definitely more than one bank doing investigation on the client. Same thing goes to the all insurance companies, and the investigation is done. As a insurance agent, our objective is to pay the reasonable compensation to the victim's family as soon as possible. The money was a great shot in the arm for the family.

I also hope that customer had bought high value of insurance, this is because, you don't have to worry even though you have other assets may be frozen by bank, but all claims from insurance will definitely reach your family. According to the laws and regulations: No matter how much he bought the insurance, the claim is can't be used to pay off the debt!

I wish you all can respect the meaning of life insurance and it's benefits from bottom of heart. For those who criticize us, for those who resist insurance, please don't bother them, and don't let them hurt you. Insist on doing the right thing, help customers to build up life value, to complete the mission of the life insurance agent. 

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My Easy Road Tax is providing 

General Insurance (Car/motorcycle/commercial vehicle),

Life Insurance,

Travel Insurance.

For those who interested,

kindly walk-in to our office at:

No. 70, Jalan Puteri 2/2, Bandar Puteri Puchong, 

47100 Puchong, Selangor.

or call us:

Office: 03-80510656    H/P: 012-7175038

or email us:

myeasyroadtax@gmail.com

Our Business hour is:

Mon - Fri: 9am to 6pm

Sat: 9am to 1pm

Sun & Pub. Holiday: CLOSE

Think about the one you love and care. You can do something for them.

Sincerely,

Admin, Wanny

New Motor Insurance Tariffs from 15 February 2014

WEST MALAYSIA

EAST MALAYSIA

KUALA LUMPUR, Feb 6 — Amid public grumbling, the General Insurance Association of Malaysia (PIAM) confirmed today a planned increase to motor insurance premiums, but insisted it is part of a schedule that started back in January 2012.

The increase effective this February 15 will be the third in the four-year adjustment plan, but this time will not affect certain classes of vehicles such as commercial goods carrying vehicles, taxis, and chauffeur-driven hire cars.

In addition, vehicle classes such as school buses, factory buses, stage buses, tourist buses, and hirer-driven hire cars had not had any hike in premium at all, the association said.

“The new motor cover framework has a two-prong strategy, i.e. to enhance efficiency in the provision of motor cover by the industry with a gradual price adjustment that will ensure that public is able to purchase motor insurance at affordable premiums,” said the statement here.

“Under the framework, premium adjustments take effect from 1 January 2012 over a period of four years … The adjustments will be small and implemented gradually in stages.”

For example, third-party cover for motorcycles of 110cc will see the premium raised by between RM1.00 and RM3.50 per year — or a maximum of 30 sen per month — during the readjustment period.

A private car with as capacity of 1,400 cc will see a premium adjustment between RM6.00 and RM34.00 per year — a maximum of RM2.80 per month — over the same period.

Meanwhile, for express buses, the premium adjustment will only affect passengers by less than 10 sen per head per trip.

News of the increase had earlier drawn complaints from Malaysians already hit by a series of price hikes starting from the new year.

Putrajaya has embarked on a series of subsidy cuts starting from September last year, which included an increase in fuel pump price, sugar, and electricity tariffs.

Especially Thanks for The Malay Mail Online.com

How Important of the Car Insurance!

Three Lamborghini Supercars Crash And Burn In Malaysia

I believe that most of you already read this news. Three people from Singapore are officially having the worst day ever. Friday morning, three Lamborghini owners from Singapore joined a supercar cruise in Malaysia and unfortunately crashed into each other on the North-South Expressway near Seremban. The owners were part of a five supercar convoy, but three of them, an Aventador and two Gallardos were involved in the wreck. All three cars burning to the ground. Thankfully, the owners were uninjured.

According to Malaysia's Berita Haria, the five supercars were on their way to Kuala Lumpur when a local driver swerved into the convoy unexpectedly, causing the driver of one of the Lamborghini's to lose control of his car and slam into the median. Unfortunately the driver was in the middle of the convoy and the two other cars behind him ended up crashing into him after he crashed into the median. Within minutes all three Lamborghinis were on fire and burned to the ground, but the best news is that no one was hurt. 

The owners may have difficulty replacing their cars, as Lamborghini has finished building the Gallardo and is gearing up for a replacement. The new car, believed to be called the Cabrera, is expected to have a V10 engine mounted to a new twin-clutch transmission and all wheel drive.

The charity drive disaster came less than a week after. The Fast and the Furious star Paul Walker and his friend Roger Rodas died when their Porsche Carrera GT crashed and exploded into flames in California. Car fires have made headlines throughout 2013 thanks to a spate of incidents affecting the battery-powered Tesla Model S, while Ferrari's 458 Italia was the subject of unwanted publicity when several of its cars burnt in 2012

With the damage to all three cars estimated around $1.9 million, lets hope that the local Malaysian driver that triggered the mayhem was caught. Watch the destruction in the video below. You'll may want to sit down for this:

FLOOD AND MOTOR INSURANCE

Rain please go away ~~~~~

Heavy rains in  Malaysia has raised concerns among motorists of the risks of their vehicles being submerged in flood water. Despite having to take precautions such as avoiding parking their vehicles in the lower parking levels which are susceptible to floods and avoiding the areas prone to flooding during heavy rains, vehicle owners still face the risk of rising flood waters. It may be worthwhile to ascertain if our motor insurance policies have coverage for claims for flood-related damages.

In general, comprehensive car insurance policy provides compensation for damage or loss to the vehicle due to accidental fire, theft or an accident. However, damage caused by floods considered as natural disasters and damage as a result of flood are not listed as a risk covered under motor insurance policy. Among the damage or loss caused by floods that is not covered are:

• damage to a vehicle submerged in flood
• loss of vehicle due to drift during floods
• fire and explosion due to flood water entered the vehicle

In addition to floods, other natural disasters are not covered including:

• earthquake and its string of situations such as tidal waves / tsunamis
• landslides (and the sequence such as gas explosions or fires as a results of electrical interference due to landslides)
• storm (and the sequence such as damage caused by vehicles struck by lighting during a storm).

However, vehicle owners can purchase additional protection against damage or loss caused by floods by extending their coverage when purchasing their motor insurance policies. This coverage also applies to other natural disaster risks such as earthquakes, landslides and thunderstorms..

This additional protection will cost vehicle owners an additional premium of 0.5% of the sum insured. For example, if the sum insured is RM50,000, vehicle owners will be charged an additional premium of RM250. 

Source: insuranceinfo 13/3/2013