20 October 2009, By BERNAMA
KUALA LUMPUR — Public-private partnerships between the government and insurance players will be essential in providing suitable insurance schemes and developing risk mitigating mechanisms particularly when facing catastrophies, says Bank Negara governor Tan Sri Dr Zeti Akhtar Aziz. With the increasing catastrophies that have been associated with global climate change and [...]
by David Masters (InsuranceDaily.co.uk)
The number of UK motorists deliberately crashing their cars to make fraudulent insurance claims is increasing, the Insurance Fraud Bureau (IFB) warned this week.
‘Induced accidents’, or ‘crash for cash’ accidents, as they are more commonly known, involve a driver deliberately causing a crash so as to profit from fraudulent insurance claims.
After the [...]
(via InsuranceDaily.co.uk) Adventurous holidaymakers have required AXA to revise some of its travel insurance terms to include activities such as Zorbing and Octopush.
With the rise in popularity of experience-based holidays showing no signs of abating, the insurer is reminding holidaymakers that it is essential to have the right level of cover in place before undertaking [...]
The following is some health tips which can be useful for travelers who want to make sure they are physically prepared for their trips:
Medical Advice
Before travel, consult your health professional to discuss:
Itinerary
Duration of Travel
Mode of Travel
Past Medical History
Vaccination Requirements
Pregnancy
Allergies
Medications
Pre-existing Conditions
Disease Prevention
Tips for long distance travellers:
Do frequent leg exercise and take deep breaths regularly while [...]
Mistake 1: Did not contact the Insurer during an emergency
Let’s face it, we all panic during an emergency. That’s why it’s called an emergency, a state for us to justify our panic-driven behavior. And it is during such a time that a calm and collected mind would provide the best solution to get us out [...]
News Straits Times, 2009/09/15, KUALA LUMPUR, Tues: Thousands of cars are plying the roads without valid road tax because their owners are unable to get insurance coverage, according to the Federation of Malaysian Consumers Associations (Fomca).
Its secretary-general, Muhammad Shaaini Abdullah, said that these were owners of cars of more than 10 years old which were [...]
Life Insurance Coverage for Influenza A(H1N1) – Press Release
Kuala Lumpur, 21 August 2009: The Life Insurance Association of Malaysia (LIAM) has confirmed that death due to the Influenza A(H1N1) will be payable. In addition, all the 16 life insurance companies under LIAM will also be paying claims arising from hospitalization due [...]
PRESS RELEASE
For immediate release
Kuala Lumpur, 19 August 2009 – Great Eastern Life Assurance (Malaysia) Berhad’s Director and Chief Executive Officer Mr Koh Yaw Hui informed that as a good corporate citizen with a hundred and one years’ presence in Malaysia, Great Eastern will cover hospitalization claims made by its policyholders, who have been hospitalized due [...]
(The Edge, 21st August) KUALA LUMPUR: Etiqa will pay the claims made by its medical and health plans’ policyholders should they be hospitalised for treatment for H1N1 influenza, with immediate effect.
Etiqa said on Aug 21 the H1N1 influenza can affect everyone physically and also financially, in terms of the medication and treatment.
Its CEO and director [...]
KUALA LUMPUR, Aug. 11 (Xinhua) — Malaysia reported six more deaths due to A/H1N1 flu on Tuesday, bringing the total number of fatalities in the country to 38.
The Malaysian Health Ministry’s Director-General Ismail Merican also said that in the last 24 hours, Malaysia has detected 270 new cases of the flu, bringing the total cases [...]
