{"id":14878,"date":"2015-03-26T17:11:34","date_gmt":"2015-03-26T09:11:34","guid":{"rendered":"https:\/\/www.imoney.my\/articles\/?p=14878"},"modified":"2018-01-24T14:22:02","modified_gmt":"2018-01-24T06:22:02","slug":"general-insurance-policies-subject-to-6-percent-gst","status":"publish","type":"post","link":"https:\/\/www.imoney.my\/articles\/general-insurance-policies-subject-to-6-percent-gst","title":{"rendered":"General Insurance Policies Subject To 6% GST"},"content":{"rendered":"<p style=\"text-align: center;\"><a href=\"https:\/\/static.imoney.my\/articles\/wp-content\/uploads\/hiring.domestic.help_.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-14879\" title=\"insurance\" alt=\"insurance\" src=\"https:\/\/static.imoney.my\/articles\/wp-content\/uploads\/hiring.domestic.help_.jpg\" width=\"600\" height=\"290\" srcset=\"\/articles\/wp-content\/uploads\/hiring.domestic.help_.jpg 600w, \/articles\/wp-content\/uploads\/hiring.domestic.help_-300x145.jpg 300w, \/articles\/wp-content\/uploads\/hiring.domestic.help_-103x50.jpg 103w\" sizes=\"(max-width: 600px) 100vw, 600px\" \/><\/a><\/p>\n<p>All general insurance policies are subject to the Goods and Services Tax (GST) unless the risk insured is for coverage outside Malaysia, according to the General Insurance Association of Malaysia (PIAM),<\/p>\n<p>Examples of insurance coverage for risks outside Malaysia include travel, personal accident and marine policies.<\/p>\n<p>On how a policyholder would be charged GST for premiums on general insurance policies, PIAM said that insurance companies would issue a tax invoice containing details of the premium and GST charges.<\/p>\n<p>GST for existing policies after April 1 would be calculated on a pro-rated basis.<\/p>\n<p>For example, if a person has a policy due on April 12 but had paid their premium before April 1, they would still not be exempted from GST charges. Instead, the policyholder must pay GST for 12 months on the annual premium if the renewal was done earlier.<\/p>\n<p>The insurance company can choose to collect this amount from policyholders on or after April 1.<\/p>\n<p>Policyholders who currently hold valid insurance policies with insurance companies under PIAM have been notified of GST implementation through a clause incorporated in all renewal notices and policy schedules.<\/p>\n<p><em>[<a href=\"http:\/\/www.thestar.com.my\/News\/Nation\/2015\/03\/25\/PIAM-GST-all-gen-ins-policies\/\" target=\"_blank\" rel=\"no\">Source<\/a>]<\/em><\/p>\n[sc:testallianz]\n","protected":false},"excerpt":{"rendered":"<p>All general insurance policies are subject to GST unless the risk insured is outside Malaysia. <\/p>\n","protected":false},"author":29,"featured_media":14879,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[264,244,133,216],"tags":[],"class_list":["post-14878","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-insurance","category-gst","category-insurance","category-news-updates"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>General Insurance Policies Subject To 6% GST | iMoney<\/title>\n<meta name=\"description\" content=\"All general insurance policies are subject to GST unless the risk insured is outside Malaysia.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.imoney.my\/articles\/general-insurance-policies-subject-to-6-percent-gst\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"General Insurance Policies Subject To 6% GST | iMoney\" \/>\n<meta property=\"og:description\" content=\"All general insurance policies are subject to GST unless the risk insured is outside Malaysia.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.imoney.my\/articles\/general-insurance-policies-subject-to-6-percent-gst\" \/>\n<meta property=\"og:site_name\" content=\"iMoney Malaysia\" \/>\n<meta property=\"article:published_time\" content=\"2015-03-26T09:11:34+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2018-01-24T06:22:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.imoney.my\/articles\/wp-content\/uploads\/hiring.domestic.help_.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"600\" \/>\n\t<meta property=\"og:image:height\" content=\"290\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Emmanuel Surendra\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Emmanuel Surendra\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.imoney.my\/articles\/general-insurance-policies-subject-to-6-percent-gst\",\"url\":\"https:\/\/www.imoney.my\/articles\/general-insurance-policies-subject-to-6-percent-gst\",\"name\":\"General Insurance Policies Subject To 6% GST | iMoney\",\"isPartOf\":{\"@id\":\"https:\/\/www.imoney.my\/articles\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.imoney.my\/articles\/general-insurance-policies-subject-to-6-percent-gst#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.imoney.my\/articles\/general-insurance-policies-subject-to-6-percent-gst#primaryimage\"},\"thumbnailUrl\":\"\/articles\/wp-content\/uploads\/hiring.domestic.help_.jpg\",\"datePublished\":\"2015-03-26T09:11:34+00:00\",\"dateModified\":\"2018-01-24T06:22:02+00:00\",\"author\":{\"@id\":\"https:\/\/www.imoney.my\/articles\/#\/schema\/person\/a7c6c5ecf3ba99234373c75acdff7fa4\"},\"description\":\"All general insurance policies are subject to GST unless the risk insured is outside Malaysia.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.imoney.my\/articles\/general-insurance-policies-subject-to-6-percent-gst#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.imoney.my\/articles\/general-insurance-policies-subject-to-6-percent-gst\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.imoney.my\/articles\/general-insurance-policies-subject-to-6-percent-gst#primaryimage\",\"url\":\"\/articles\/wp-content\/uploads\/hiring.domestic.help_.jpg\",\"contentUrl\":\"\/articles\/wp-content\/uploads\/hiring.domestic.help_.jpg\",\"width\":600,\"height\":290},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.imoney.my\/articles\/general-insurance-policies-subject-to-6-percent-gst#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.imoney.my\/articles\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Insurance\",\"item\":\"https:\/\/www.imoney.my\/articles\/category\/insurance\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"General Insurance\",\"item\":\"https:\/\/www.imoney.my\/articles\/category\/insurance\/general-insurance\"},{\"@type\":\"ListItem\",\"position\":4,\"name\":\"General Insurance Policies Subject To 6% GST\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.imoney.my\/articles\/#website\",\"url\":\"https:\/\/www.imoney.my\/articles\/\",\"name\":\"iMoney Malaysia\",\"description\":\"Everything you need to know about improving your personal finances.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.imoney.my\/articles\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.imoney.my\/articles\/#\/schema\/person\/a7c6c5ecf3ba99234373c75acdff7fa4\",\"name\":\"Emmanuel Surendra\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.imoney.my\/articles\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/3e6d0ef9a974611998508639c5dedc59?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/3e6d0ef9a974611998508639c5dedc59?s=96&d=mm&r=g\",\"caption\":\"Emmanuel Surendra\"},\"description\":\"Emmanuel writes to live. Prior to iMoney, he was a subeditor at The Malaysian Insider and a freelancer for various publications.\",\"url\":\"https:\/\/www.imoney.my\/articles\/author\/emmanuel-surendra\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"General Insurance Policies Subject To 6% GST | iMoney","description":"All general insurance policies are subject to GST unless the risk insured is outside Malaysia.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.imoney.my\/articles\/general-insurance-policies-subject-to-6-percent-gst","og_locale":"en_US","og_type":"article","og_title":"General Insurance Policies Subject To 6% GST | iMoney","og_description":"All general insurance policies are subject to GST unless the risk insured is outside Malaysia.","og_url":"https:\/\/www.imoney.my\/articles\/general-insurance-policies-subject-to-6-percent-gst","og_site_name":"iMoney Malaysia","article_published_time":"2015-03-26T09:11:34+00:00","article_modified_time":"2018-01-24T06:22:02+00:00","og_image":[{"width":600,"height":290,"url":"https:\/\/static.imoney.my\/articles\/wp-content\/uploads\/hiring.domestic.help_.jpg","type":"image\/jpeg"}],"author":"Emmanuel Surendra","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Emmanuel Surendra","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.imoney.my\/articles\/general-insurance-policies-subject-to-6-percent-gst","url":"https:\/\/www.imoney.my\/articles\/general-insurance-policies-subject-to-6-percent-gst","name":"General Insurance Policies Subject To 6% GST | iMoney","isPartOf":{"@id":"https:\/\/www.imoney.my\/articles\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.imoney.my\/articles\/general-insurance-policies-subject-to-6-percent-gst#primaryimage"},"image":{"@id":"https:\/\/www.imoney.my\/articles\/general-insurance-policies-subject-to-6-percent-gst#primaryimage"},"thumbnailUrl":"\/articles\/wp-content\/uploads\/hiring.domestic.help_.jpg","datePublished":"2015-03-26T09:11:34+00:00","dateModified":"2018-01-24T06:22:02+00:00","author":{"@id":"https:\/\/www.imoney.my\/articles\/#\/schema\/person\/a7c6c5ecf3ba99234373c75acdff7fa4"},"description":"All general insurance policies are subject to GST unless the risk insured is outside Malaysia.","breadcrumb":{"@id":"https:\/\/www.imoney.my\/articles\/general-insurance-policies-subject-to-6-percent-gst#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.imoney.my\/articles\/general-insurance-policies-subject-to-6-percent-gst"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.imoney.my\/articles\/general-insurance-policies-subject-to-6-percent-gst#primaryimage","url":"\/articles\/wp-content\/uploads\/hiring.domestic.help_.jpg","contentUrl":"\/articles\/wp-content\/uploads\/hiring.domestic.help_.jpg","width":600,"height":290},{"@type":"BreadcrumbList","@id":"https:\/\/www.imoney.my\/articles\/general-insurance-policies-subject-to-6-percent-gst#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.imoney.my\/articles\/"},{"@type":"ListItem","position":2,"name":"Insurance","item":"https:\/\/www.imoney.my\/articles\/category\/insurance"},{"@type":"ListItem","position":3,"name":"General Insurance","item":"https:\/\/www.imoney.my\/articles\/category\/insurance\/general-insurance"},{"@type":"ListItem","position":4,"name":"General Insurance Policies Subject To 6% GST"}]},{"@type":"WebSite","@id":"https:\/\/www.imoney.my\/articles\/#website","url":"https:\/\/www.imoney.my\/articles\/","name":"iMoney Malaysia","description":"Everything you need to know about improving your personal finances.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.imoney.my\/articles\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.imoney.my\/articles\/#\/schema\/person\/a7c6c5ecf3ba99234373c75acdff7fa4","name":"Emmanuel Surendra","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.imoney.my\/articles\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/3e6d0ef9a974611998508639c5dedc59?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/3e6d0ef9a974611998508639c5dedc59?s=96&d=mm&r=g","caption":"Emmanuel Surendra"},"description":"Emmanuel writes to live. Prior to iMoney, he was a subeditor at The Malaysian Insider and a freelancer for various publications.","url":"https:\/\/www.imoney.my\/articles\/author\/emmanuel-surendra"}]}},"_links":{"self":[{"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/posts\/14878"}],"collection":[{"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/users\/29"}],"replies":[{"embeddable":true,"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/comments?post=14878"}],"version-history":[{"count":3,"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/posts\/14878\/revisions"}],"predecessor-version":[{"id":26945,"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/posts\/14878\/revisions\/26945"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/media\/14879"}],"wp:attachment":[{"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/media?parent=14878"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/categories?post=14878"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/tags?post=14878"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}