About Tokio Marine Third Party Fire and Theft Motor Insurance
The Tokio Marine Third Party Fire and Theft Motor Insurance policy provides insurance against liabilities to other parties for injury or death and damage to other parties’ property, and fire damage to your vehicle or theft of your vehicle.
Coverage and benefits
This motor insurance policy covers you for:
- Third party bodily injury and death, limits is unlimited
- Third party property loss or damage, limits is up to RM3 million
- Loss or damage to your own vehicle due to fire, explosion, lightning, burglary, housebreaking or theft.
By paying additional premium, you can also opt for optional benefits such as passenger liability cover.
The duration of your policy is for one year. To stay covered, don't forget to renew it annually!
Tokio Marine car insurance - fees & charges
In addition to your premium amount, you must also allocate funds for the service tax (if any), which constitutes 6% of your premium amount and a RM10 one-off stamp duty.
Your car insurance premium is already inclusive of 10% of commission paid to the insurance intermediaries.
What is not covered by this motor insurance?
Some major exclusions of this motor insurance are accidental damage to your vehicle, your own death or bodily injury due to a motor accident, and your liability against claims from passengers in your vehicle.
Do I get a refund when I cancel my Tokio Marine policy?
You may cancel your motor insurance policy at any time by giving a written notice to Tokio Marine Insurance.
Upon cancellation, you are entitled to a refund of the premium on a pro-rated basis if your vehicle has been insured continuously for more than 12 months or short-period rates.
A refund of premium is allowed provided no claim has arisen during the then-current Period of Insurance.