What Is De-Tariffication Of Motor Insurance? [Infographic]

After 30 years with a tariffed motor insurance structure, Malaysia is finally heading towards a new territory with a de-tariffication that will see premiums charged based on the risk behaviours of the consumers. 

But what does it entail? What does liberalisation of the tariff affect? Read on to find out more.

 

What do you think? While there is not much detail on the full premiums and coverage, the phases of the de-tariffication will see a pricing variation from July 1st 2017. Are you ready for what the new premiums will offer?

Always remember that your journey to owning a car requires more than just repayments. It requires the right support and advice to help reach your goals.