RHB Insurance, TCIBS launch TC Gap Protector

RHB Insurance Bhd and Tan Chong Insurance Business Stream (TCIBS) have launched the TC GAP Protector, a new Guaranteed Asset Protection policy.

RHB Insurance managing director and chief executive officer Kong Shu Yin said the firm recognised the need to empower vehicle owners with more cost-effective and financially-viable options to bridge the gap.

“Through the TC Gap Protector we are able to offer agile and versatile insurance solutions to alleviate customers’ burden in the event of loss or damage to their vehicles,” he said.

He added TC Gap Protector provided a coverage of up to RM140,000 for the financial shortfall between the amount received from the comprehensive motor insurance policy and the vehicle purchase price in the event of total loss from damage, fire and theft.

The plan is offered to Nissan private motor vehicle owners for brand new and registered vehicles purchased from TCIBS throughout Malaysia, aged less than or equal to one year.

Customers can also enjoy premiums from as low as RM0.13 per day as well as hassle-free claims processing and settlement.

The payout cash value can be utilised to purchase a replacement car subject to terms and conditions of the policy.

RHB Insurance established partnership with Tan Chong as part of efforts to grow the motor insurance in the long run.