Kuala Lumpur, 10 January 2014– Five years ago, James had invested most of his savings to purchase a RM250,000 home and sank another RM60,000 to furnish his home. To facilitate the purchase, he has taken an 80 per cent housing loan from a local bank. As one of the bank requirements is to [...]
PIAM YOUNG MANAGERS GET INSPIRED PIAM Promoting Talent Development In the General Insurance Industry Kuala Lumpur, 13 December 2013 – The General Insurance Association of Malaysia (PIAM) through its Young Manager’s Think Tank (YMTT), recently organised its annual breakfast talk. Themed, “Passion For Success”, the talk was attended by 60 young managers from [...]
MEMBERS OF PIAM AND MTA TO PROACTIVELY ASSIST FLOOD VICTIMS Measures Undertaken To Relieve Flood Victims’ Financial Burden Kuala Lumpur, 10 December 2013 – The members of the General Insurance Association of Malaysia (PIAM) and the Malaysian Takaful Association (MTA) have joined forces to proactively assist flood victims around the country. This is to [...]
2014 Outlook for the general insurance sector Feature article by The Star 2 December 2013 Kuala Lumpur Questions: 1) What is the outlook and prospect of the insurance sector for 2014? Will it be better than 2013? Explain. The insurance industry continues to perform an increasingly important socio-economic function in Malaysia. Progressively, the [...]
FAQ on insurance coverage on Influenza A (H1N1) The World Health Organisation (WHO) declared the worldwide spread of Influenza A (H1N1) had reached pandemic level 6 on 11th June 2009. The Ministry of Health Malaysia has since declared that the country has entered a mitigation phase where there is sustained community spread and [...]
An Evening with the Honorable Prime Minister of Malaysia, YAB Dato Seri Dr. Mahathir Mohamad For the first time in Malaysia on 27th July 2002, Malaysians will get together for a celebration to pay tribute to the Prime Minister of Malaysia YAB Dato Seri Dr. Mahathir bin Mohamad, as well as the nation [...]
FREQUENTLY ASKED QUESTIONS (FAQs) [Q1] I have been informed that the fire insurance taken by the Management Corporation is compulsory. At the same time, the bank where I took a housing loan for the unit of condominium I have purchased also requested me to pay for the fire insurance policy which has been [...]
GENERAL INSURANCE INDUSTRY RECORDS 5.7% GROWTH IN GROSS PREMIUMS FOR 1H 2013 Motor Insurance Remains The Largest Contributor Of Gross Premiums Kuala Lumpur, October 29, 2013 – The general insurance industry received a total of RM 8.334 billion in gross premiums for the period January to June 2013 compared to RM7.881 billion over the same [...]
Kuala Lumpur, September 18 - The insurance industry advised consumers to be cautious when considering joining any medical card schemes. As a precaution, consumers are advised to thoroughly understand, verify and satisfy themselves on the benefits offered by any particular card scheme. Consumers should be clearly informed as to the identity of the insurance [...]
Public Involved In Road Accidents Can Now Call 1-300-22-11-88 For Assistance On Claim Inquiries And Towing Of Their Accident Cars Kuala Lumpur, 18 September 2013 - Persatuan Insurans Am Malaysia (PIAM) and the Malaysian Takaful Association (MTA) are pleased to announce the establishment of a nationwide call centre i.e. the Accident Assist Call [...]
