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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 windscreen
    • Any damages to your car audio and accessories
    • Any damages to your car caused by natural disasters
    • Any damages to your car in the event of a strike, riot or civil commotion
    • Any liability claim from your passengers in the event of a car accident
    • Any compensation for the time your car is being repaired in the workshop
    • Complimentary 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.

    Published on January 23, 2025

    Related Questions

    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.
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