Bank Negara Malaysia (BNM) to approve the new scheme is more
secure auto insurance coverage for all types of motorcycles began in January
this year, with improvements in terms of protection without the expense of
consumers and auto insurance companies.
Deputy Finance Minister Datuk Dr. Hussin said under the
scheme, auto insurance companies are not allowed to force or impose other
conditions, including charges for additional auto insurance such as personal
protection (PA) to motorcycle owners.
He said the new scheme also requires auto insurance
companies to pay compensation immediately to the accident that occurred at a
rate commensurate compared to previous late payment of claims.
"The Ministry recognizes consumer complaints about
premium rate increases that had settled to enable motorcycle owners to cover
and road tax or vehicle license.
"However, the fixed rate is controlled and monitored by
the government," he said after opening a Futsal Carnival organized by the
Younger Generation GiatMara Centre (PGM) Kelantan in collaboration with the
Office of Youth and Sports Hall Bachok Futsal, Tangok, near here today.
Some 240 participants from 24 teams representing various
government agencies and youth organizations in Highland to participate. Also present were
Umno division deputy chief Datuk Dr. Ilias Husain.
Awang Adek said motorcycle owners can report to BNM premium
charges if found too expensive and exceeds the level set to be investigated
before appropriate action is imposed on auto insurance representatives found in
violation of rules and guidelines set.
"For the protection of diversity, they should purchase
more comprehensive auto insurance whether or not to claim their own personal
accident or motorcycle damage claims," he said.
At the same time, Awang Adek also denied claims by some
parties who said the price increase for the new scheme is due to motorcycle
protection auto insurance representative to deliver a distribution of profits
to the Ministry of Finance.
He added that such allegations are not true and baseless
slander purposely exaggerated by some people who try to vilify the government
in order to achieve their political agenda. Should such matters can not be
trusted by the people.
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