HAVE THE CONSUMERS BEEN SHORT-CHANGED?
As early as 2007 Bank Negara Malaysia (BNM) had identified problems and issues of the current motor insurance scheme which many consumers can easily relate to: > Inadequate access to third party insurance cover, particularly for old and commercial vehicles. > Lengthy claims settlement process. > Premiums which have not been revised since 1978. > Insurers were reluctant to offer...
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