What is the Kurnia Third Party Motor Insurance all about?
If you want a cheaper motor insurance option, you can go for this third party car insurance from Kurnia. It will protect you for negligence on the road that have resulted in injury to other road users or damage to their property. As this is not a comprehensive motor insurance, damages or loss to you own prized vehicle will not be covered - if you're willing to fork out more each year for added peace of mind, go for the Kurnia Comprehenive Motor Insurance.
What type of vehicle can I insure with this motor insurance?
There are three types you can put down on your policy, which are private cars and vans, business cars carrying commercial goods with
- Private vehicle e.g. private car, private van & four wheel drive (for private use)
- Good-carrying vehicles e.g. commercial goods carrying vehicle with "A" and "C" permit, also petroleum, diesel and bitumen tankers, LPG long trailer & low loader with "A" and "C" permit.
- Other type of vehicle including taxis, buses, motorcycles, tractor, mobile crane etc.
How is my insurance premium calculated?
Your premium is calculated according to the Motor Tariff prescribed by Persatuan Insurans Am Malaysia ( PIAM) based on the factors such as the size of your car's engine, how claims experience, the age of your vehicle, the total sum insured, and the number of insured drivers stated in your policy.
Can you explain to me what NCD is?
Also known as your No Claim Discount, it is the discount given to your upon your motor insurance renewal if you've not made any claims for the past 12 months. Of course, like anything else that's related to car insurance, the discount rate has been set out by PIAM. You can start enjoying NCD after your first year at 25% discount, and a maximum of 55% from the fifth year onwards.
Will I have NCD if this is the first time I purchase a vehicle?
If you are buying a vehicle for the first time, you will not have NCD on your motor policy for the first year on the road. If you have at least one claims free year, then, upon renewal of your motor insurance policy, you will be rewarded with a 25% NCD off your renewal premium.