Types Of Insurance In Malaysia

This type of insurance would cover a business if a customer or member of the public was to suffer a loss or injury as a result of its business activities and if that person made a claim for compensation.

Types of insurance in malaysia. In the insurance world the first party is you i e. Medical card insurance also known as hospitalization and surgical insurance. Certificate examination in investment linked life insurance ceilli examination pre contract examination for insurance agents pceia pre contract for life insurance agents examination and investment linked life insurance pcil. But there is more to insurance than keeping yourself healthy or your car in working order.

There are three types of medical insurance products available in malaysia. In the year 2011 the company acquired malaysian assurance alliance berhad which resulted in the incorporation of zurich insurance malaysia berhad. Life insurance or personal insurance property insurance marine insurance fire insurance liability insurance guarantee insurance. A third party fire and theft policy is more affordable than a comprehensive.

It s the first fully customisable home insurance product in malaysia which allows you to choose your coverage based on the below options. Hospitalization income benefit. Homeowner covers your residential building from damages. Types of insurance for malaysia everyone should know types of insurance for malaysia.

Third party fire and theft cover. Term life critical illness and income protection insurance provide a lump sum or regular payment to you and your beneficiaries in the event of a critical illness disability or death. Insurance is categorized based on risk type and hazards. 7 types of insurance are.

The company is well known for its extensive network of more than 1 000 employees 3 000 general. Critical illness protection. Medical and health insurance. Takaful life insurance is based on the shariah and takes the following.

Medical insurance covers and reimburses the costs of your medical bills inpatient treatments and more. Zurich insurance group is a popular insurance company throughout the world. It is unquestionable that you must put life first before anything else. The insurance would cover the compensation payment plus any legal expenses.

Written by farhan gazi some types of insurance tend to hog the limelight. Medical and health is probably one of the most basic. In malaysia medical insurance is offered by both general insurance and life insurance companies. Islamic insurance malaysians irrespective of religion can also avail of islamic insurance or takaful.

Householder covers the contents of your home. Personal insurance keeps you safe from expensive medical bills while car insurance is actually required by law.