Starting from today private car and motorcycle owners would have the convenience of purchasing the MMIP’s insurance covers from Pos Malaysia outlets throughout the country.Read the detail news from Bernama below.
MMIP MOTOR INSURANCE AVAILABLE AT POS MALAYSIA OUTLETS.
The Malaysian Motor Insurance Pool (MMIP) insurance covers will be available to the general public at Pos Malaysia outlets effective on Friday.
In a statement here, the General Insurance Association of Malaysia (PIAM) said private car and motorcycle owners would have the convenience of purchasing the MMIP’s insurance covers from Pos Malaysia outlets throughout the country, including Sabah and Sarawak.
In order to immediately address accessibility problems in Sabah and Sarawak, insurance for taxis and buses would be made available in the two states from Friday.
The insurance for taxis and buses in other states would be available on July 24.
In the current scenario where the motor insurance market is experiencing a high loss, many insurers have either declined or are scaling back on underwriting risks, especially for third party insurance.
As such, an increasing number of motorists are turning to the MMIP for insurance cover.
The MMIP and Pos Malaysia have formed a strategic partnership to capitalise on the latters extensive network of 684 outlets throughout Malaysia to offer the insurance cover.
The service is an extension of the existing insurance renewal service already available at Pos Malaysia outlets.Pos Malaysia acts as an agent for eight insurance companies and three takaful operators.
In addition to insurance renewal, Pos Malaysia also offers the renewal of road tax for private vehicles on behalf of the Road Transport Department (RTD).
The MMIP was formed in 1992 to ensure that all vehicles on the road would not be without access to the minimum motor insurance cover required by law.