Overview

Motor insurance is a compulsory class of insurance for all vehicles licensed to be used on public roads, as per the Road Transport Act 1987.  Motor Insurance is a Tariff class and is governed by the rules and regulations stipulated in the Motor Tariff issued by Persatuan Insuran Am Malaysia (PIAM). The types of motor insurance available are private car, motorcycle and commercial vehicle policies.

Types of coverage are:

a) Comprehensive Cover

The policy will indemnify the insured against loss of or damage to the Motor Vehicle and its accessories and spare parts whilst thereon :-

• by accidental collision or overturning
• by collision or overturning caused by mechanical breakdown or consequent upon wear and tear.
• by impact damage caused by falling objects provided no convulsion of nature is involved.
• by fire explosion or lightning
• by burglary, housebreaking or theft
• by malicious act
• whilst in transit (including its loading and unloading) by :
  • road, rail inland waterway
  • direct sea route across the straits between the island of Penang and the mainland

Transportation of damaged vehicle of up to RM200.00 (for Private Car and Commercial Vehicle) and RM50 (for motorcycle) as towing charges to the nearest repairer or to the Insured's address will be reimbursed.

In addition, the policy will also cover the third party liability.

b) Third Party Fire and Theft Cover

The cover provided is as per Third Party Policy, with an addition to cover loss or damage to the motor vehicle due to fire, explosion, lightning, burglary, housebreaking or theft.

c) Third Party Cover

The policy indemnifies the insured including claimant’s costs and expenses for legal liability to third parties in respect of :-

• Death or bodily injury – total liability is unlimited
• Damage to property – total liability is limited to RM 3 million in respect of any claim or series of claims arising out of one event.

Tokio Marine Auto Partner Service
A 24-hour motor assistance service for breakdowns and accidents available to every TMIM's comprehensive motor policyholder where most of the services provide are free of charge.