Guys. Just got renewal notice.

There is this loading 20% on the basic premium. How come got loading? My car is 2008 myvi.

They show total payable amount rm568.54
Below it there is this act premium rm59.05

What is act premium?

I read in other topic if we go n renew ourself will get 10% discount? Any wan can renew/pay online? Thanks.

This post has been edited by royalz: Jan 18 2016, 08:17 PM

2016 - 2008 is almost 8 years = loading with additional pymt.
y u dun call AIA customer service or email to them for details?
if u chng plan, u require to submit ur car and pix to insurance company.
senang2, get insurance agent do for you.

Why not change company?

ts, read this: https://forum.lowyat.net/index.php?showtopic=3842226

should be the answer of 20% loading as ur car juz exceeds 7 years

consider asking other insurance co. which charges lower

walk in get 10% rebate

last year also got 20% loading...

the premium only cannot be paid online? thanks

how about "act premium"? anyone? this amount need pay? cos total payable amount not inclusive of this

Act premium is the premium to be paid where insurance company will only cover bodily injury to third party.
You have to pay for damage to the third party car or property yourself.
This means the cover is more restrictive then third party.
Don't worry about it. Insurance companies are not allowed to sell Act cover only.

thanks..just don't understand why they put inside the renewal notice ..cheers