Con­ducive mo­tor in­surance for all

Chubb Malaysia crafts poli­cies in light of mo­tor in­surance lib­er­al­iza­tion.

HWM (Malaysia) - - IGNITION -

MY Car In­surance is Chubb’s first-ever non-tar­iff mo­tor in­surance pol­icy that was cre­ated in line with the lib­er­al­iza­tion of Malaysia’s mo­tor in­surance. The pol­icy is de­vel­oped to al­low mo­tor in­surance prod­ucts and ser­vices to com­ply with the bud­get of the con­sumers. These poli­cies also have pre­mium rates that will be lib­er­al­ized, and are based on the in­di­vid­ual risk pro­file of ve­hi­cle own­ers.

Chubb de­vised two poli­cies where MY Car In­surance cov­ers loss or dam­age of ve­hi­cles caused by an ac­ci­dent, flood, as well as third­party li­a­bil­ity. The ben­e­fits gen­er­ally com­prise min­i­mal road­side fixes, com­pen­sa­tion for loss or dam­age of the car, and in­te­rior clean­ing costs caused by flood­ing. There are also 24-hour lim­it­less tow­ing ser­vices na­tion­wide in case of an ac­ci­dent or ve­hi­cle fail­ure. Ad­di­tion­ally, the op­tion to tow the ve­hi­cle to a de­sired lo­ca­tion at no ex­tra charge is also avail­able.

In the event that the owner’s ve­hi­cle is in need of con­sid­er­able re­pair and they are far away from home, the pol­icy cov­ers ho­tel lodg­ing costs, and will sup­ply a tem­po­rary re­place­ment car, also at no fur­ther cost.

Steve Crouch, Chubb Malaysia’s Club Pres­i­dent, said that a lot of re­search was con­ducted to un­der­stand the chal­lenges that Malaysians face when on the road, and that the poli­cies cre­ated serve as an an­swer to the mul­ti­tude of prob­lems. Based on the ben­e­fits pre­sented by MY Car In­surance, it is ev­i­dent that Chubb is ded­i­cated to meet the re­quire­ments of its pol­i­cy­hold­ers.

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