How do I renew my vehicle insurance using this app?

You have two convenient options to renew your vehicle insurance and road tax with iLyF. Firstly, you can visit our website at ilyf.io. Alternatively, you can download our user-friendly app from the Google Play Store or App Store.

Renewing your vehicle insurance and road tax with iLyF is a straightforward process. Here’s a step-by-step guide:

1. Start on our Home Page and click ‘Get Best Quotations.’

2. Input your Vehicle Registration Number and Identification Number (IC).

3. If your insurance is expiring within 2 months, click ‘Compare and Renew Now’.

4. Provide Vehicle Owner details, choosing ‘Myself’ or ‘Others’ as applicable.

5. Decide to include digital Road Tax renewal by selecting ‘Yes’. Fill in your current home address details (Home Address, Postal Code, City).

6. Choose your preferred insurance, click ‘See Details,’ and review the specifics.

7. Choose your preferred add-ons coverages for your specific needs

8. Review the total cost, including insurance, Road Tax, and Grand Total and select your preferred payment method

9. Complete the payment steps.

10. After a successful payment, you’ll receive a receipt via email.

Your cover note will be sent to your registered email within minutes, and your digital Road Tax will appear on your myJPJ account within the next 24 hours.

That’s it! You’re all set with your insurance and Road Tax renewal.

Published on January 21, 2025

Related Questions

What does the vehicle insurance cover?

Vehicle insurance typically covers accidental damage, theft, third-party bodily injury or death, and third-party property damage. And there are a few add-on covers available if you wish to insure your car for more than what the regular policy provides. You have the following options from which to choose:Any damages to your car’s windscreenAny damages to your car audio and accessoriesAny damages to your car caused by natural disastersAny damages to your car in the event of a strike, riot or civil commotionAny liability claim from your passengers in the event of a car accidentAny compensation for the time your car is being repaired in the workshopComplimentary car usage for as many times as you need, in the event of theft or accident.But not every insurance plan can cover all of these coverage add-ons. If you need any additional coverage, be sure to select an insurance plan that offers the ones that meet your needs.

What is No Claim Discount (NCD), and how does it affect my premium?

No Claim Discount (NCD) is a discount given by insurance companies for not making any claims during the policy period. It’s a way to incentivize safe and responsible driving. The NCD is usually represented as a percentage and is applied to the renewal premium of the insurance policy. Here’s an example to illustrate how NCD works:Let’s say you have a car insurance policy and during the policy term (usually 1 year), you haven’t made any claims. At the time of renewal, the insurance company may offer you an NCD of 20% for your next policy term. Here’s how the premium calculation might work:Current Insurance Premium: RM 1,000 (without NCD)NCD Percentage: 20%NCD Discount: 20% of RM 1,000 = RM 200Premium for Next Policy Term: RM 1,000 – RM 200 = RM 800So, with a 20% NCD, your insurance premium for the next policy term would be RM 800 instead of RM 1,000.The NCD percentage increases with each claim-free year, typically up to a certain maximum, offering higher discounts on the premium. The NCD rates for private cars, motorcycles, and commercial vehicles are as follows:No-Claim PeriodPrivate CarMotorcycleCommercial Vehicle1st year0%0%0%2nd year25%15%15%3rd year30%20%20%4th year38.33%25%25%5th year45%25%25%6th year onwards55%25%25%However, if you make a claim during a policy term, your NCD may be reduced in the subsequent policy term, leading to a lower NCD discount and a higher premium. It’s important to maintain safe driving practices to maximize and retain your NCD, resulting in lower insurance premiums over time.

When should I renew my vehicle insurance?

You have the flexibility to renew your vehicle insurance within the 2-month period prior to your policy’s expiry date. Ensure you renew it before the expiry date to maintain continuous coverage.

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