{"id":14063,"date":"2015-02-18T13:25:35","date_gmt":"2015-02-18T05:25:35","guid":{"rendered":"https:\/\/www.imoney.my\/articles\/?p=14063"},"modified":"2018-01-24T15:18:55","modified_gmt":"2018-01-24T07:18:55","slug":"revision-of-motor-insurance-a-continuation-of-rate-adjustments","status":"publish","type":"post","link":"https:\/\/www.imoney.my\/articles\/revision-of-motor-insurance-a-continuation-of-rate-adjustments","title":{"rendered":"Revision Of Motor Insurance A Continuation Of Rate Adjustments"},"content":{"rendered":"

\"car<\/a><\/p>\n

The recent adjustments to the motor insurance premium rates announced by Bank Negara Malaysia (BNM) was under fire.<\/p>\n

The General Insurance Association of Malaysia (PIAM) clarified that the revision was a continuation of the motor tariff premium rate adjustments under the new motor framework.<\/p>\n

The new motor tariff premium rates would take effect from February 23.<\/p>\n

\u201cThe revisions are only applicable to private cars, public taxis and express buses while the rates for other types of vehicles will remain the same,\u201d it said in a statement.<\/p>\n

The adjustment would be applicable for policies purchased or renewed beginning February 23.<\/p>\n

The framework, introduced by BNM in 2012, would not only address the structural issues within the motor insurance sector but also promote a liberalised insurance sector, the central bank added.<\/p>\n

[Source]<\/a><\/p>\n[sc:testallianz]\n","protected":false},"excerpt":{"rendered":"

The General Insurance Association of Malaysia (PIAM) clarified that the revision was a continuation of the motor tariff premium rate adjustments under the new motor framework.<\/p>\n","protected":false},"author":9,"featured_media":11738,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[238,237,133,216],"tags":[],"class_list":["post-14063","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-auto-insurance","category-autos","category-insurance","category-news-updates"],"acf":[],"yoast_head":"\nRevision Of Motor Insurance A Continuation Of Rate Adjustments | iMoney<\/title>\n<meta name=\"description\" content=\"The General Insurance Association of Malaysia (PIAM) clarified that the revision was a continuation of the motor tariff premium rate adjustments under the new motor framework.\" \/>\n<meta name=\"robots\" content=\"index, follow, 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