Just wanna let you guys know that the motor insurance premium hike is comming this 15 February 2014.

Don't know about it? Read it here http://www.myroadtax.com/2014/02/04/semaka...uran-kenderaan/

Don't wanna go offsite then here is the official letter:



If your road tax expires in 2 months or less, then you can renew your road tax now. Don't wait until the hike... 11 days and counting...

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My sources told me that the insurance hike is not only for Takaful but also includes conventional motor insurance. Anybody else care to comment on this. Is this true?

BTW by saying motor insurance, it covers all vehicle types with an engine, and not only "motosikal"

This post has been edited by gyver: Feb 4 2014, 11:56 AM

More info on the insurance hike:
http://www.myroadtax.com/2014/02/04/insura...h.Xiv1kqYU.dpbs

BNM letter:


If you wanna view more then google "insuran kereta naik"
http://lmgtfy.com/?q=insuran+kereta+naik

i have read memo from bank negara, if I am not mistaken, bank negara will no longer control car insurance premium start only at 2016

local insurance company will adopt risk base style like those in UK

your age, gender, car model, car age, location.... will be the determine factor for the premium

will try to korek the memo, hopefully i didn't throw it away

Damn, another increase!!??

Here is the press release concerning the memo:
http://www.bnm.gov.my/index.php?ch=en_pres...ac=2220&lang=en (11 March 2011)

http://www.bnm.gov.my/index.php?ch=8&pg=14&ac=2382 (12 January 2012)

kami tidak menerima apa2 aduan ttg kenaikan harga... lolz...

The news finally reported in Utusan Online:
http://www.utusan.com.my/utusan/Ekonomi/20...rans-diluluskan

No such news in The Star, Harian Metro or Kosmo.

oops posted at wrong topic hahah too many windows. sorry!

This post has been edited by wingchiew: Feb 5 2014, 08:52 AM

Not quite sure how to read the table..
My premium this year is RM1223.00 after NCD + 10% discount.
So how much would i be paying next year?

around RM 10-20 extra

satu lagi projek mampuskan rakyat

ceh

ini olang kaya

Got pipul butthurt at paultan, say sikit sikit jadi bukit with rm 20

i think they can save more from fc if they drive 5kmph lower haha

Paultan is rich already... he is making RM6 mil last year

Read about it here: https://forum.lowyat.net/topic/3121027

Just some update, my mistake. Harian Metro also reported the news:

http://www.hmetro.com.my/myMetro/articles/...icle/index_html

Some updates:

This is what I am talking about... after the hike... then comes the earnings report

http://www.thestar.com.my/Business/Investi...xceed-forecast/

If the earnings exceed expectation report comes first, then probably rakyat will get angry and go to the streets.

This post has been edited by gyver: Feb 18 2014, 11:57 AM

More information here
http://www.imoney.my/articles/motor-insurance-premium