Bank Negara’s basic motor cover framework: What’s wrong and what’s the alternative
Bank Negara Malaysia (BNM) invited public comments on its proposed Third Party Bodily Injury and Death Benefits (TPBID) which is going to replace the third-party motor insurance. Below we reproduce the comments submitted to BNM by the Consumers Association of Penang (CAP). 1. The Problems and Issues with the current scheme as identified by BNM Inadequate access to third-party insurance cover,...
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