GENERAL INSURANCE INDUSTRY LAUDS BUDGET 2022 FOR ENHANCED SUPPORT FOR MICRO/SME AND SOCIAL PROTECTION FOR B40
Kuala Lumpur, 8 November 2021 – Persatuan Insurans Am Malaysia (PIAM) lauds and supports the Government’s initiatives in enhancing social protection through incentives to assist the B40 households and micro, small and medium business segments under the Budget 2022. The government’s initiatives will assist in promoting financial resilience of the economically disadvantaged and vulnerable segments in society through the encouragement of the purchase of general insurance cover on [...]
PERLINDUNGAN TENANG VOUCHER PROGRAMME – 2021 Bantuan Prihatin Rakyat’s Household Recipients May Check Eligibility Starting from 30 September 2021
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 phase of the PTV Programme rollout, a RM50 voucher will firstly be allocated to 3.6 [...]
PROGRAM BAUCAR PERLINDUNGAN TENANG – Penerima Bantuan Prihatin Rakyat 2021 (Isi Rumah) Boleh Semak Kelayakan Bermula 30 September 2021
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,. Di bawah fasa pertama, baucar bantuan kewangan RM50 akan ditawarkan kepada 3.6 juta penerima di [...]
VTREC WARN MALAYSIAN COULD LOSE MUCH MORE TO AUTO FRAUDS AND SCAMS IN 2021
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 first half of 2021. The internet and e-commerce have become one of main tools for [...]
PIAM & MII HOLDS FORUM ON LEADERSHIP FOR THE INSURANCE INDUSTRY
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 on the theme of “Reset.Renewal.Hope.Opportunity”, the two-day virtual event gathered over 300 participants comprising of [...]
Insurance and Takaful industry COVID-19 Test Fund calling policy/certificate holders to submit their claims for tests done on or before 31 May 2021
Kuala Lumpur, Thursday, 1 July 2021 – The Life Insurance Association of Malaysia (LIAM), Malaysian Takaful Association (MTA) and Persatuan Insurans Am Malaysia (PIAM) are urging policy/certificate holders who have done their COVID-19 Test on or before 31 May 2021 to submit their application via the MyCTF website at www.myctf.my by 15 July 2021. The RM10 Million COVID-19 Test Fund (CTF) was officially closed on 21 May 2021 [...]
PRIORITIZING CUSTOMER SATISFACTION
Kuala Lumpur, 25 June 2021 – All member companies of Persatuan Insurans Am Malaysia (PIAM) and Malaysian Takaful Association (MTA) would like to assure consumers that the industry places great importance on overall customer experience which would inevitably include efficient complaints handling. Consumer complaints are “opportunities” for the industry to improve products and services Complaints received, particularly on Motor insurance/takaful being the largest industry sector, are vital for [...]
Life Insurers and Family Takaful Operators Extend Deferment of Premium/Contribution Payment to 31 December 2021; General Insurers continue to offer additional relief measures to policyholders affected by the COVID-19 pandemic to year end.
FOR IMMEDIATE RELEASE Life Insurers and Family Takaful Operators Extend Deferment of Premium/Contribution Payment to 31 December 2021; General Insurers continue to offer additional relief measures to policyholders affected by the COVID-19 pandemic to year end. Kuala Lumpur, 22 June 2021 - The Life Insurance Association of Malaysia (LIAM) and Malaysian Takaful Association (MTA) are pleased to inform that all life insurers and family takaful operators have extended [...]
COVID-19 Test Fund reaches RM10 million in contribution from the insurance and takaful industry
Kuala Lumpur, 11 May 2021 – The Life Insurance Association of Malaysia (LIAM), Persatuan Insurans Am Malaysia (PIAM) and Malaysian Takaful Association (MTA) are pleased to announce that the industry has topped up another RM2 Million to the existing RM8 Million COVID-19 Test Fund (CTF) which was launched since March last year. To date, the RM8 Million CTF has benefitted over 42,000 policy/certificate holders, exceeding the early estimates [...]
PHASED LIBERALISATION, COVID-19 AND THE MOTOR INSURANCE INDUSTRY
Kuala Lumpur, 23 March 2021 – As the global pandemic enters its second year with uncertainty persisting on the extent to which it will continue to affect daily life, it is opportune for Persatuan Insurans Am Malaysia (PIAM) to provide a commentary and an update of its impacts on the motor insurance industry in Malaysia. In particular, we wish to address prevailing perceptions on the status of ‘phased liberalisation’ [...]
