Gonna be renewing my car insurance soon...compared some companies, it seemed like Etiqa macam not bad eh


From Etiqa website, Takaful as "Cash back when you make no claims". How is this different from conventional NCB?

all the car insurance company also provide 10% additional discount if u self renew on9.
if u use 3rd party agent for u, that 10% bcoms their fees.

if after 1 year...no claim been made...they will rebate back few amount of money to you..(depend on company profit)

takaful got surplus tho

This is wrong. The profit distribution is on top of 10% rebate for direct online purchase.

I think this is part of the "liberalisation" changes done last year. Some companies such as AXA are using telematics to reward good driving behavior.

i heard etiqa must send to their panel workshop only if towing, u wan send to your preferred workshop they charge u rm50.

Last year I had to tow my car didn't have such rule, is it a new thing?

This post has been edited by Quantum Geist: Apr 27 2020, 10:48 PM

err, 10% rebate is for direct online purchase. If thru agent, agent get that 10%. Its a BNM requirement.

he heard

My car too old, can't renew online

ya, but i'm curious if the "surplus" has anything to do with NCB. Are they the same? cuz you know how takaful products got their own specific financial terms to differentiate themselves from conventional products.

or is it like what was mentioned earlier "profit sharing", as in if the Etiqa Takaful make money, then i get some?

that one NCD bro. Not the same.

its like what was mentioned earlier

For takaful, car need to be certified H or not ?

wtf? impossible

If you want cheap, Takaful Malaysia is cheapest.

AIG okay anot?

online usually until 20 years old only bro

Old car premium very cheap once accident pay 100x more premium collected from you. Insurance company always lose money covering old cars.

PM 019-3399039 (WhatsApp only) for old cars renewal. I specialise in 3rd party and 20 yr old car insurance.

true, can contact this guy tho