News Release

Kuala Lumpur, Wednesday, 29 September 2021 – The Perlindungan Tenang Voucher (PTV) Programme, a national initiative by the Government of Malaysia in collaboration with the Insurance and takaful providers will be officially launched on 30 September 2021, offering social protection to about 8.4 million eligible Bantuan Prihatin Rakyat (BPR) recipients. Under the first [...]

Kuala Lumpur, Rabu, 29 September 2021 – Program Baucar Perlindungan Tenang (PTV), sebuah inisiatif nasional yang diperkenalkan oleh Kerajaan Malaysia dengan kerjasama syarikat insurans dan pengendali takaful akan dilancarkan secara rasmi pada 30 September 2021. Program PTV ini menawarkan perlindungan sosial kepada kira-kira 8.4 juta penerima Bantuan Prihatin Rakyat (BPR) 2021 yang layak,. [...]

Kuala Lumpur, 5 August 2021 – Vehicle Theft Reduction Council of Malaysia (VTREC) are warning the public on the rise of frauds and scams relating to vehicle. The pandemic Covid-19 has resulted in large fortunes for some e-commerce companies, unfortunately so did automotive frauds and scams. Automotive frauds and scams have skyrocketed in [...]

PIAM & MII HOLDS FORUM ON LEADERSHIP FOR THE INSURANCE INDUSTRY Reset.Renewal.Hope.Opportunity Kuala Lumpur, 20 August 2021 – The 6th Insurance Leadership Forum 2021 (ILF 2021) organised by Persatuan Insurans Am Malaysia (PIAM) in collaboration with The Malaysian Insurance Institute (MII) was successfully held on 28 – 29 July 2021. Setting the scene [...]

With reference to the press release entitled “Exemption on Licensing Renewals of Private Motor Vehicles and Competent Driving Licenses (Excluding Vocational Licenses) From 1 Feb To 31 Mar 2021” issued by Ministry of Transport Malaysia (MOT) on 29 January 2021 (Link: https://cddigitaldev.com/piam/wp-content/uploads/2015/06/PRESS-STATEMENT-YBM-MOT-EXEMPTION-ON-LICENSING-RENEWALS-OF-PRIVATE-MOTOR-VEHICLES-AND-CDL-29012021.pdf ), PIAM wishes to clarify that although there is an exemption on [...]

Kuala Lumpur, Sunday, 17 January 2021 – The insurance and takaful industry is fully supportive of the Government’s call on private and public partnership to manage the increasing cases of COVID-19 patients. Generally, pandemic-related risks are not covered under any insurance and takaful plans worldwide. The exclusion stems from the difficulty in pricing for [...]

Kuala Lumpur, 13 Jan 2021 – Persatuan Insurans Am Malaysia (PIAM), wishes to assure all general insurance policyholders that claims incurred during the Emergency Proclamation period will be paid according to their policy terms and conditions. All policyholders, both businesses and individuals are advised to obtain more information from their respective insurance companies. [...]

Kuala Lumpur, 11 Jan 2021 – Persatuan Insurans Am Malaysia (PIAM), the General Insurance Association of Malaysia wishes to assure flood victims, who have purchased a flood cover as part of their general insurance policy that its members are ready to quicken the claims process and pay out claims against losses caused by the [...]

The industry urges more asymptomatic policy/certificate holders to take the COVID-19 tests to curb the spread of the virus in the country   Kuala Lumpur, Wednesday, 23 December 2020 – In view of the spike in the COVID- 19 cases in the country, the insurance and takaful industry has taken a proactive step [...]

Kuala Lumpur, 30 September 2020 – PIAM and its members are profoundly disappointed by the Final Decision issued by MyCC on 14 September 2020 against PIAM and 22 general insurers. MyCC has found that PIAM and the insurers had infringed the Competition Act 2010 in relation to an arrangement between PIAM and the Federation [...]