More choices to buy insurance

Insurance agents will remain a vital part of the general insurance industry even with the introduction of mandatory rebates for direct purchase of motor insurance, said the General Insurance Association of Malaysia (PIAM).

In a statement responding to the implementation of policy, the association said insurance agents would continue to be used as long as car owners were comfortable with and appreciative of their service.

The move, to be implemented on July 1, will see customers getting a 5% rebate in the first year and a 10% rebate for renewals when buying insurance directly.