What are the benefits provided by Lonpac Third Party Private Vehicle insurance?
This would be an ideal motor insurance plan for those who wish to have themselves shielded from liability against injury or death to others on the road, including damages caused to their cars and houses. This protection will last for 1 year, and you will have to renew your insurance cover annually.
How much premium do I have to pay?
The premium you have to pay may vary depending on the cubic capacity of your vehicle, no-discount-claim ( NCD) entitlement, and Lonpac's underwriting requirements. For example, the total premium for a private car with 1300 cubic capacity such as a basic Perodua Myvi, you will be paying a third party cover of RM72, with 25% loading of RM18, and NCD entitledment of RM22.50. Your estimated gross premium which is including agent's commission but excluding service tax and stamp duty is RM67.50.
What are the major exclusions under this policy?
The first thing to remember before making a claim is that a third party motor insurnace such as this one will not cover loss or damage caused by to your vehicle, accident or otherwise. Other than that, you won't be able to claim for your injuries due to a motor accident, claims against you made by your own passangers (yes, your mom can sue you in court too!), or loss and damage caused by natural disasters - floods are a major problem in some cities in Malaysia, so you'd probably want to opt for a comprehensive motor insurance plan instead!
What do I need to do if there are changes to my contact details?
It is important that you inform your insurer of any change in your contact details to ensure that all consequences reach you in a timely manner. If you have any inquiries, simply dial 03-2262-8688 for Lonpac Insurance Berhad's Customer Service Department or email to email@example.com