Where to buy MMIP ?

By | April 21, 2015

Where to buy MMIP ?

As explained in the previous post, The Malaysian Motor Insurance Pool (MMIP) was estabished to provide motor insurance to vehicle owners who are unable to obtain insurance protection for their vehicles due to ‘high risk’ or risks which will not be underwritten by any single insurance company.

Where can you purchase MMIP Insurance ?

MMIP insurance coverage can be purchased at the following agents :

  1. Any POS Malaysia Berhad outlet nationwide
  2. Uni.Asia General Insurance Bhd or
  3. Multi-purpose Insurance Berhad (MPIB).

MMIP in general offers both third-party and comprehensive motor insurance packages. Nonetheless, a comprehensive coverage is only available for vehicles with existing Hire Purchase Loans.

Though the two Servicing Insurers provide policies for all kinds of vehicles, Pos Malaysia is limited only to motor cycles, private cars, town/public taxis, factory buses, stage buses and school buses.

The main exclusions under the MMIP motor insurance cover are vehicles on rails, vehicles not running solely on roads, racing or speed-testing vehicles and liability for goods carried in vehicles.

What are the documents needed to purchase MMIP Insurance ?

A) Required Documents:

  • The Original Policy or Renewal Notice of the previous insurance.
  • The original copy of the Vehicle Registration Card (both sides)
  • A copy of the Owner´s NRIC (both sides).
  • A fully completed Proposal Form.

Additional Documents:
i) For Trade Plate:
a) The original copy of the trade plate disc.

ii) For Commercial Vehicle:
a) A copy of the permit (if any).
b) A copy of the vehicle inspection report (from Puspakom).

iii) For Company Owned Vehicle:
a) The Company´s rubber-stamps.

iv) For Private Cars or Motorcycles above 10 Years:
a) A Puspakom inspection report or alternatively a report from any of the MMIP’s panel adjusters proving the road-worthiness of the insured vehicle

v) For Insured above 65 Years Old:
The original copy of the insured´s medical report.

 

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