February 2021

In my 20 years of experience of owning a cheap motorcycle and a 3rd party insurance, I can never escape from discrimination from the several parties.

I noticed the renewal fee of 3rd party insurance for my 125cc motorcycle has increased. The story began when i received an automated reminder email from AXA Affin General Insurance to renew the insurance which costs RM87.58 (the same price i’ve been paying for more than 5 years with AXA). After contacting AXA to request for online payment, they sent a revised quotation which costs RM109.50. The price increase because they added an additional coverage (motorcyclist PA Plan A with towing). When asking the reason for price increase, they said “Personal Accident cover is required for Third Party motorcycle policy“. Honestly, money is never an issue to pay the price increase but I am not paying extra money just because the company wanted me to!

I browsed the internet and study the 3rd party insurance regulations and guidelines and found an informative article here. In this article, the writer got help from MNRB (Malaysian National Reinsurance Berhad) to instruct the insurance company to allow him/her to buy insurance without Additional Coverage. This means we have the right not to buy the Additional Coverage! I contacted MNRB but no one pick up the phone, I even emailed to MNRB but no reply at all! MNRB is owned by PNB (Permodalan Nasional Berhad) which makes MNRB as a GLC. But I am not surprised to see a GLC in Malaysia to have this poor customer service.

I contacted the writer to explain about my problem and he provided me with a list of insurance companies that provides MMIP. I emailed each one of them and i have tabulated the results as shown below:-

Insurance Company	Remarks
AmGeneral Insurance Berhad	They did not reply my email
Chubb Insurance Malaysia Berhad	Price = ??? They replied with “We regret to inform you that we unable to cover Third Party for your motorcycle Honda AFS125MCR – is declared as Decline Risk by Chubb Insurance”
Liberty Insurance	Price = RM113.50 ( the price includes Additional Coverage)
Lonpac Insurance	They did not reply my email
MPI Generali	Price = RM113.50 ( the price includes Additional Coverage)
Pacific & Orient	They did not reply my email
Pacific Insurance	They did not reply my email
Progressive Insurance	They did not reply my email
RHB Insurance	Price = ??? I did not receive the quotation because they wanted me to go to the branch
Takaful Ikhlas	Price = ??? They replied with “Kindly to inform you that we no longer have MMIP or third party coverage”
Tokio Marine	Price = RM87.57

Of all the companies that I contacted, only ONE COMPANY offered insurance without Additional Coverage! This shows that the welfare for motorcycle owners with 3rd party insurance are not being taken care of. However there is still one kindhearted company (Tokio Marine) which offered a fair deal. In the end, I bought my 3rd party insurance for both my motorcycle and my car with Tokio Marine and they still impresses me until today.