Let us now consider why purchasing second hand vehicles is better than purchasing new vehicles. In purchasing second hand vehicles, the 7 things to consider are:-

1) Smaller hire and purchase loan.

To secure second hand vehicles one requires only limited amount of finance. Compared to buying a new vehicle, which can sometimes be quite costly.

In buying second hand vehicle, the owner has to stump out a lower amount of money, or to take a lower amount of loan for the car.

2) Cheaper insurance cover.

Second hand vehicles only require third party coverage which is cheaper. Third party insurance cover for second hand vehicles are much cheaper when compared to first party ones

3) Slower value depreciation.

Second hand vehicles are said to suffer from lower depreciation costs as compared to new vehicles.

4) Higher maintenance required.

The necessity to change certain important parts of the vehicle such as clutch, timing chain or belt, and engine wear and tear. Such repairs can sometimes be rather costly affair.

5) Less efficient.

Second hand vehicles can sometimes be unable to provide efficient service. They tend to breakdown more often as compared to new vehicles. They are, infact less reliable.

An owner of a second hand vehicle, you will undoubtedly have to spend quite a sum of money on the upkeep of second hand vehicles.

6) Wear and tear issues.

Second hand vehicles are also said to undergo risks of corrosion. In such cases, its body work will have to undergo welding repairs from time to time to keep it in proper, working condition. A second hand car, will also have to repainted from time to time. All these, costs money to upkeep.

7) Higher fuel consumption.

Some second hand cars can sometimes be said to be unable to provide you good consumption. Consumption can at times be heavy due to the carburetor system having undergone much wear and tear.

This article has gone on to discuss the pros and cons of owning a new or a second hand vehicle. Ponder carefully over it. Finally, you should be able to make the correct decision of whether to own a new vehicle or a second hand one. The choice is yours to make eventually.

In my last blog post, I wrote 5 good reasons why you should buy a new car versus a used car. But behind all the pros, there are also some cons as well.

In this post, I thought of writing a short post on 3 disadvantages of buying a new car.

1) Higher deposit required.

To purchase a new car, a person will obviously require a higher deposit or a larger loan. Interest on the car will definitely be higher, thus making the vehicle purchased costlier in the long run.

2) New car more likely being stolen.

New cars are more susceptible to being stolen as compared to second hand vehicles. An owner will then have to insure it for a higher sum of insurance. In the end, owners of new vehicles will have to bear higher financial costs.

3) Higher and faster depreciation.

Besides possessing a higher resale value, a new car also experiences a “depreciation” drop which can amount to anything from 25 – 30 percent initially. Compared to second cars, new cars which suffer from depreciation drop is normally borne by the first owner.

Should you now buy a new or second hand car? After considering all the advantages and disadvantages, you can now make your decision.

Datuk Mohamed Aziz (B.N. Sri Gading) says he sees no sense why insurance companies should charge such exorbitant rates for third party insurance for vehicles which are more than 10 years old.

Owners of old vehicles, who are made up of mostly village folks and pensioners, are badly affected by the insurance companies’ refusal to cover old vehicles.

A few years ago, third party insurance was within the ambit of RM100 to RM150 only. Believe it or not, this year, 2011, my wife’s Proton Iswara, had to fork out some RM380 for a RM14,000 first party policy. The above amount was arrived at even after a 55% N.C.B. deduction was made. For your information, the above vehicle is a 1993 model. Its value in the market today, is no more than RM2,000 to RM3,000.

Insurance companies were only willing to insure the above vehicle for a sum of RM14,000 first party insurance coverage. What I would like to inquire is, if in any eventuality, the said vehicle is stolen or lost, are the insurance companies willing to compensate or reimburse the owner an insured sum of RM14,000?

According to legal sources, a vehicle which is legally insured for a sum of RM14,000 should infact be paid the sum above. However, whilst speaking to my friend and one of Klang town’s top insurance agents, Mr. Goh of Goh Brothers Insurance agency, I was told by Mr. Goh himself that there is a clause in the motor insurance agreement which specially reiterates that insurance company can replace a RM14,000 vehicle insured, with a similar make or model of the vehicle insured.

Should owners refuse to accept the insurance company’s offer then the only alternative is for one to engage a lawyer to challenge the insurance company’s offer. Whatever the consequences, it would be a tremendous hassle indeed.

The third party insurance problem has come to a stage whereby the government is unable to come up with a favourable decision to aid the poor third party vehicle owners.

A few months ago, the government, with Bank Negara’s assistance, announced that anew insurance company which is to be made up of the government and private insurance companies is to be set up. It was also made known the “premiums” charged by the above new company will be acceptable to all motorists.

It now looks as if the above proposed company has erupted up in smoke, as far as third party motorists are concerned.

Datuk Bung Moktar Razin (B.N. Kinabatangan) implored that Parliament should monitor the operations of insurance companies which he claims would happily charge consumers for the slightest of things. Insurance companies had not made it easy for policy holders when they had to make damage claims.

D.A.P’s Bandar Kuching Parliamentarian, Chong Chen Jen, said policy holders were “forced” to purchase personal accident insurance before they could buy third party policy for their old vehicles. Otherwise, the companies will not allow them to purchase the required insurance.

If previously, they were supposed to pay just RM70 to RM80, now they will have to fork out more than RM200. Mr. Chong asks, “How could Bank Negara be so blind, as not to notice what the insurance companies are doing.”

The problem of motor insurance does not involve third party insurance only. I have been told that insurance coverage for other vehicles such as school buses, small lorries and even 3 ton lorries, which are usually used to ferry goods, face similar problems such as that faced by vehicles that are over 10 years old.

According to a Mr. Goh, the manager of Goh Brothers Insurance Agency in Klang, his business investment performance has been badly affected. Mr. Goh claims he is unable to provide the necessary insurance to his clients. They are now unable to obtain the necessary insurance coverage and this has resulted in business being affected badly.

Looking at the overall situation, it appears that third party insurance coverage for old vehicles which are 10 years and above, will continue to be a major headache to many Malaysian in the coming months and may be even years ahead.

Unless Bank Negara itself and the government as a whole take immediate actions to rectify the dire situation, this problem will continue to be raised by many political parties in the forth coming general election soon. It would, without doubt, be a hot topic of discussion.

Many Malaysians, especially the senior citizens seek medical attention at government clinics and hospitals all across the country.

In Klang for example, Malaysian citizens from all walks of life can seek medical treatment ranging from common colds, high blood pressure, diabetes, cholesterol ailments and they can even have their tooth extracted for a minimum fee of RM1.

The above medical services are provided at the Bukit Kuda government clinic. These services are also provided to the public at the Hospital Sultanah Tuanku Ampuan Rahimah, which is located at Jalan Langat, Klang.

While visiting the Bukit Kuda government clinic in North Klang, located next to the Hokkien Association for high blood pressure treatment once every 3 months, I only need to pay a sum of RM1, For those who would like to seek treatment from specialist doctors, they will have to pay a sum of RM5.

While at the clinic, I have seen foreign nationals seeking treatment therein. Although the health treatment and care is provided by our government to its people, I have always wondered are the health services provided by our clinics and hospitals extended to foreign workers as well.

At long last, the answer to my question was finally answered in an article entitled “Medical Must” which appeared in the Star newspaper dated 21st November 2010. In it, the government through the Minister of Health, Datuk Seri Liow Tiong Lai, was reported to have said, “foreign workers medical bills in public hospitals which to date totaled RM19 million, has in fact burdened the government tremendously”.

The above has come about as the government has incurred costs because some foreign workers, who sought treatment at public hospitals had left without setting their bills or were only able to make partial payments only.

As from 1st January 2011, the government has announced that all foreign workers employed in Malaysia except for domestic maids, must have medical insurance coverage under a government ruling.

Health Minister, Datuk Liow said each foreign worker must have medical insurance coverage with an annual premium of RM120. With the above proposal, it is hoped that the Malaysian government’s predicament regarding health services to foreign workers at government clinics and hospitals will hence forth cease.

Reiterating further, the Health Minister said, employers hiring foreign workers would have to, from henceforth, have to enclose a copy of medical insurance policy for their prospective employees when applying for a work permit. Whereas, existing foreign workers who are applying for a renewal of work permits, their employers would have to submit a copy of insurance policy too. The above new decision is part of the Health Ministry’s 6 Entry Points Projects or the EPP.

Now that the question regarding insurance policy for foreign workers has been settled, we now arrived at the question of who would go on to pay for the medical insurance premiums, employers or the workers? This is yet to be settled.

The Malaysian Employers Federation has voiced its protest regarding the insurance coverage being borne by the 1.5 million foreign workers in the construction services and the manufacturing sectors. The Federation asks, “Bills incurred at government hospitals are not that high. Why then should coverage be that expensive?”

The Federation has further suggested that insurance cover start from RM50,000 instead of RM100,000. With regards to the insurance coverage for foreign workers to be implemented, the Government will appoint a total of 31 insurance companies to provide insurance coverage to foreign workers.

Coverage will also be for illness suffered by foreign workers while working, including critical illnesses. It is my opinion that foreign workers will face not much problem regarding payment of premiums which is said to cost only RM120 per annum.

If foreign workers can afford the purchase of motorcycles and vehicles while they are working here in this country, there is very little reason them not being able to pay for insurance coverage.

If one were to visit gambling outlets such as Toto, Magnum and 4D, the presence of foreign workers investing in such activities clearly indicates they can very well afford to pay for the cost of medical insurance which after all is for their own good anyway.

It should be reminded that medical facilities provided by clinics and hospitals are solely intended for Malaysian public alone. Foreign workers, unfortunately cannot be expected to benefit from health care provided by the government.

Some readers have written to this blog inquiring the transfer of Non Claim Bonus (N.C.B.) or Non Claim Discount (N.C.D.) of one vehicle in one’s person name to another.

The answer to the above is unfortunately “No”. The benefit will not be accrued or provided to the new owner. It is therefore for the insurer only.

Other readers have written in to this blog to ask what happens when one makes a claim for an accident for instance. When one makes a claim for a damaged bumper for example, normally the repairs for the above mentioned item is usually done at an approved Persatuan Insurans Am Malaysia (PIAM) workshop that is approved by the insurers.

This means the owner of the car making the claim will then lose or forgo the N.C.B. benefits. The following year, the insurance premiums will be calculated at full rate.

There are also some who inquired of me, can the N.C.B. or N.C.D. be transferred to another vehicle? The answer is “Yes”, provided the insurer is the same person involved.

There are however some readers who pose this question to this blog. They ask, if a car is insured for example for RM100,000, how much will the insurance company reimburse the insurer in case a vehicle is stolen or lost?

In most instances, insurance companies will pay up to a tune of some 80 – 85% of the total amount insured. A vehicle insured for a sum of RM100,000 should therefore be able to receive an insurance claim of some RM80,000 – RM85,000 reimbursement.

However, if one is not satisfied with the amount offered, one then could very well engage a lawyer or solicitor to demand for a higher amount from the insurance company involved.

There have been cases whereby insurance companies have been reported to have paid mush higher claims pertaining to loss of a vehicle. Some have even paid a 100%. This article has been narrowed down to emphasizing such topics as N.C.B. or N.C.D. inter-changeable between cars which are owned by the same person.

In later articles, attention will be provided to passenger liability as well as the question or insuring the front windscreen, rear windscreen and all other glass items found in a car. The question of excess liability will also be raised and explained explicitly for the benefit of those who are not too well versed wit this clause.

So readers who are interested to know about the above mentioned topics, do keep in touch. Safe driving!

In order to purchase a vehicle’s road tax, owners of cars and motorcycles, it is compulsory for insurance coverage be obtained for their vehicles.

The above also goes for lorries, trailers and buses as well.

Under the Road Transport Act 1987, it is therefore correct for one to assume all vehicles on the road must have insurance coverage before a road tax can be issued. For those who are not too well versed with matters involving insurance, permit me t to explain that insurance coverage are basically of 2 types:
i) 1st party or comprehensive coverage for cars / vehicles.
ii) Third party coverage.

For motorcycles, the insurance coverage is slightly different. Unlike in previous years, where only a third party insurance is required, today, the authorities insist that motorcycles should ideally be covered by “All Riders’ Policy”.

Talking about insurance coverage for vehicles and motorcycles, it should be made known that 1st party policies are obviously more expensive. Whereas, 3rd party insurance being less expensive.

Today, there exists no problem for the purchase of 1st party coverage. However, the Malaysian motoring public has been facing tremendous problems when attempting to purchase 3rd party insurance coverage especially for cars and vehicles which are over 10 years old.

The authorities are currently in the process of discussing a new insurance company to be setup to cater for 3rd party insurance. Hopefully, the above problem can be settled as soon as possible to provide the least hassle to insurers.

The authorities have assured the public that a new insurance company to be called the TIPID Newco will be set up by the beginning of 2011. When talking about insurance coverage for cars, vehicles and motorcycles, mention should also be made of Non Claims Bonus (N.C.B.) or No Claims Discount (N.C.D.).

Each following year, insurance companies give discount to owners of vehicles or motorcycles. It acts as an incentive to motorists to drive carefully and be good road users. Those who are not involved in accidents are given certain discounts. This also provides drivers and riders with a lesser burden when paying premiums for insurance purchased.

Below, I have included a table of discounts given generally by insurance companies in Malaysia:
1st year – No discount given
2nd year – 25% discount
3rd year – 30% discount
4th year – 38.3% discount
5th year – 45% discount
6th year – 55% discount

However, insurers should remember that no claims are made or arises from your policies and the policy should be insured with the same company for a continuous period of 12 months in each of the following instances.

He further informed us that he owns a 10 year old vehicle. The reader also told us that he only paid some RM500 for the above 2 things last year. A year’s road tax comes to around less than RM100. That’s means insurance charged for the above 10 year’s old vehicle come to about RM600!

Readers can think for yourselves how insurance companies are holding the public to ransom currently. According to the Deputy Finance Minister, Senator Datuk Dr. Awang Adek, told Parliament that the government and Bank Negara is still in the process of deciding on a suitable mechanism to provide protection against 3rd party motor vehicle injuries and deaths (TPID) at a reasonable premium.

Dr. Awang continued, the government is aware of the difficulties faced by some vehicle owners in securing motor insurance protection, especially by vehicles which are more than 10 years old.

Discussion were held as early as April 2010 with a number of interested parties including members of the public and the feedback will be taken into consideration when framing the mechanism of payment, the Minister told Y.B. Amran Abdul Ghani of the PKR Tanah Merah.

Datuk Dr. Awang, further told the House that according to statistics obtained by the insurance services of Malaysia, the frequency of claims for vehicles more than 10 years old was lower than the frequency of claims which were made by vehicles which were less than 10 years. However, the average claims for vehicles more than 10 years are higher though.

For example, in 2009, 3rd party policy average policy claims for motorcycles more than 10 years old come to about RM15,338 compared to RM13,763 for motorcycles which were less than 10 years.

However, the Deputy Finance Minister said, vehicle owners who found difficulties in securing protection for their vehicles could get it from the Malaysian Motor Insurance Pool which was available through 11 Uni-Asia General Insurance Berhad branches or 684 Pos Malaysia branches which are available all throughout the country.

Well, in view of the above information provided by the Deputy Finance Minister, I guess the public cannot complain anymore that the government has not done anything to assist the public.

The public, on the other hand has to be patient and wait for the new 3rd party insurance scheme to be announced very soon in the beginning of the new year in 2011.

What is suggested that readers of this blog bear with is some inconvenience for the time being and pay a higher insurance and road tax for your 10 year old or older vehicles. There is actually nothing much that one can do.

Amongst other things, owners had to succumb to insurance companies who compelled those wishing to secure 3rd party insurance to:

i) Secure at least a RM8000 1st party coverage. With a 50% N.C.B. discount, the premiums alone came to approximately RM248 annually.

ii) Failing to agree to the above proposal, owners had to agree to purchase a RM10,000 Personal Accident (P.A.) policy.

The biggest hassle of all was that insurance agents had first of all to receive green light from the insurance headquarters in Kuala Lumpur before any 3rd or 1st party insurance coverage could be approved.

If readers and vehicle owners feel the setting up of a new company to cater for our woes and difficulties will automatically end our predicament, you are sadly mistaken.

The Consumer Association of Penang (C.A.P.), for instance, is deadly set against the setting up of TPIBD Newco, a new company to be incorporated jointly by the government and insurance companies very soon.

C.A.P.’s president, S.M. Mohd Idris wants the government to set up No Fault Liability (N.F.L.) insurance following the steps of Victoria State, Australia.

C.A.P. believes, under the above N.F.L. scheme, prompt compensation could be paid out to accident victims. There is also the question of lower administration costs involved. All in all, such a scheme will eventually make it affordable to the public.

C.A.P. is also of the opinion that the current system of 3rd party insurance and also 1st party should be maintained. We however have to revamp premiums, which unfortunately have remained unchanged since 1975.

Insurance agents, like my close buddy, Mr. Ah Peng, will obviously not be too happy with the setting up of the new company to be set up by the government soon. Why? His company’s business will be at stake.

So this group of people wants the current system of purchase of 3rd party and new 1st party insurance to remain. It looks as if this group of people are not bothered at all if consumers face difficulties or not, as long as their insurance selling business is guaranteed.

Not all big insurance companies in Malaysia are too happy with the government’s latest proposal too. To them, the whole insurance market today is in an uncertain situation. Especially the motor insurance sector.

If they could, they will wish that the status quo remains. It will then be good for them and bad for the consumers though.

Can the government then solve the problem of compulsory purchasal of 3rd part and 1st insurance for vehicles prior to the issuance of road tax?

One should remember, under the Road Transport Act 1987, road tax cannot be issued prior to 3rd party or 1st party insurance being obtained.

The problem facing consumers today is not insurance premium alone.

More importantly, it involves claims. Repair claims made by vehicles for accidents and injuries is said to have cost the insurance companies huge losses. The government has to think very seriously how it’s going to settle this problem facing it today.

Whatever it is, C.A.P. president, Mohd Idris, has advised the government to ignore calls by certain groups to retain the existing system as they are largely motivated by their own interest.

Finally, should a new insurance company catering for 3rd party as well as 1st party insurance be set up, as announced by the Cabinet recently?

Pertaining this, the Cabinet and the government as a whole should think about it carefully and come up with a good solution! It cannot allow this problem to be prolonged any further. The public has suffered enough!

Consumer associations, the public at large and especially drivers of old cars, which normally are covered by 3rd party insurance coverage. The number involved in the above scheme may run into thousands, if not millions of people.

If indeed it’s true so many people are involved in it, why then has Bank Negara chosen then not to consider it fit to consult the interested parties before drafting the proposed scheme?

The new scheme is said to have far reaching effects to the public. As such, there should be proper disclosure by Bank Negara and meaningful discussions and consultations with all parties concerned who are stakeholders.

In a televised interview held recently, the Prime Minister said the above consultation was necessary before Bank Negara, who incidentally are acting on behalf of the government, before a commitment is made to agree to the new policy.

Consumer Association of Penang (C.A.P.) legal adviser, Jesica Binwani, reiterated it looks as if the P.M. was luckily able to grasp what C.A.P and other interested parties have been trying to say all this while.

For those who are still in the dark regarding this new proposal for basic motor insurance for all third party injuries and deaths, under the new scheme, motor vehicle accident victims may only be compensated for injuries.

It is said they will no longer be entitled for other claims such as loss of current and future income. Third party insurance does not only cover drivers of old cars which currently run into the thousands, if not millions of drivers, but it should be borne in mind also, it involves motorcycle riders as well.

Most motorcycle riders are youths, school children, kampung folks and low income factory workers. The impact on this group of people is immense.

Thanks to the Prime Minister, Datuk Seri Najib Tun Razak, the P.M.’s call to Bank Negara, or directive to it if you may, is very timely and may have averted a disaster of colossal magnitude.

The Volkswagen Club of Malaysia alone is reported to have a membership of some 30,000 members. It should be remembered each and every one of them has a vested interest or locus standi in this new basic motor insurance coverage scheme which Bank Negara is attempting to bull doze through.

As responsible citizens, you decide for yourselves if we should allow such irresponsible behavior on the part of Bank Negara to take place.

We sincerely hope with proper consultations and discussions between all parties involved, an acceptable format will eventually be reached. A word of thanks to the Consumer Association of Penang for doing its duty to the general public.

The above is provided for under the Road Transport Act of 1987.

Since 2 or 3 years back, motorists, especially owners of old vehicles of more than 10 years old have found it very difficult to secure 3rd party insurance coverage.

According to my own close insurance buddy, Mr. Ah Peng from one of Klang town’s largest insurance company, even commercial vehicles, some of them completely new are unable to obtain 1st party overage for their vehicles. Just imagine how much difficultly owners of such vehicles face every time their road tax expires.

I should be able to understand the woes and worries faced by the owners of vehicles mentioned above. I should know because my wife owns a 10 year old Iswara.

This year alone, the premiums for the above car come to a whopping RM248. It came with a 1st party insurance coverage RM8000. A ten year old car worth not even RM2500 but forced by the insurance companies to buy 1st party insurance for a sum of RM8000. If that is not daylight robbery, I do not know what else is.

All these months, consumer bodies like Consumer Association of Penang (C.A.P.), the Bar Council, Automobile Association of Malaysia (A.A.M.) and many motorist associations, have pleaded unsuccessfully to the authorities, especially Bank Negara to kindly intervene into this fracas facing insurance fiasco.

Sad to say, Bank Negara has been rather slow to respond to the public request for assistance. However, to be fair to the authorities, it has decided to finally do something about this insurance problem.

There is a saying, “better late than never”. The government, it has been reported recently, has finally deemed it fit and prepared to replace 3rd party motor insurance with a new basic motor insurance policy. In this respect, the public has been urged to submit feedback on the move to Bank Negara by 14th May 2010.

The new basic insurance scheme is said to affect a third of vehicle owners in the country, mostly incorporating motorcyclists. Around 3.54 million of the total 10.8 million motor policies, at the end of 2009 involved 3rd party policies. The rest were to be 1st party policies.

What will the new basic insurance policy which covers bodily injuries and death incorporate?

This policy, known hereinafter as TPBID or Third Party Bodily Injury and Death, for your information is mandatory under the Road Transport Act 1987 under the 3rd party damage clause.

Basically, the new TPBID scheme has a maximum liability of RM2 million. Settlement time is reported to be within 2 – 4 weeks. However, it is left to be seen.

For readers consumption, current 3rd party policy claims has no liability limit. This is good. But remember, it takes between one and 3 years for claims to be settled through. I guess, “you cannot have the cake and eat it at the same time”, as the popular saying goes.

Who will currently undertake the new TPBID 3rd insurance policy scheme?

The answer to the above question is the government and the insurance industry itself.

Reports say, there will be a sole provider and a new company called the TPBID Newco will soon be incorporated for the above purpose.

For a further dash of good news to all of us, in the recent 2010 Budget announcement, the Prime Minister Datuk Seri Najib Tun Razak announced that the basic motor insurance coverage scheme of TPBID will be offered at a reasonable premium which will commensurate with t level of protection it provides.

Well, in my opinion, it all sounds well and good.

Why has all these fiascoes regarding the 3rd party insurance come to affect the insurance industry in the first place?

Firstly, the insurance companies say premiums for 3rd party has not been raised for the past 30 or so years. Operational costs have since risen by leaps and bounds, they say.

Secondly, it should be borne in mind, evidently there are hanky-panky going on in the claims made, resulting in large financial losses to the insurance companies as a whole.

Insurance companies have been reported to have sustained as much as a billion ringgit losses from 3rd party claims annually. Surprisingly, it is reported that for every ringgit the insurance companies earned, about RM2.67 is paid back in the form of claims.

In such dire situations, what then are insurance companies to do?

This has lead to the situation whereby, of late, insurance companies have been rather selective when offering 3d party insurance policies, especially where commercial vehicles and vehicles that are more than 10 years old are concerned.

In such a situation, can the public at large then blame the insurance companies for the problem we face regarding 3rd party insurance?

Bank Negara has proposed that losses faced by the new industry, which is to be set up soon, be shared by both the government and the insurance industry. But the above has, as always, met with some objections from some quarters of the public.

K. Ragunath, as the Bar Council Chairman, feels the Council, amongst other things, is not agreeable to the RM2 million liability limit which the new scheme proposes. And Bar Council is said also to oppose the launching of the new company TPBIC Newco, to be jointly set up by the government and the insurance industry.

It is said the Bar Council was against using taxpayer’s money, as it tantamount to using what is known as public funds for commercial purposes.

To end this article on 3rd party insurance scheme scheduled to be launched by Bank Negara soon, if the Barisan government in Parliament can get a 2/3 approval from its members of Parliaments, as a member of the Malaysian public, I feel this decision should be accepted after all.

Permit me to quote one of my English language teachers, who once said to us students, “the ends justify the means”. I’m certain all readers of this blog will understand what the above saying implies.

The proposed basic motor cover framework discussion paper, which was issued on the 23rd of April 2010 can be securitized by all members of the public via Bank Negara web site.

I look forward very eagerly to the announcement and quick implementation of the new Third Party Bodily Injuries and Death insurance scheme. Hopefully, with its launching, 3rd party policy purchases, prior to renewal of road taxes will no longer be a headache for owners of old vehicles. And it is certain commercial vehicles owners will also cease to face this annual problem from henceforth.

Interesting web site:

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