SOMPO Motor

SOMPO Motor is a Private Car Comprehensive Insurance policy which covers you for accidental or fire damage to your vehicle, theft of your vehicle and liability to other parties for injury or death as well as damage to other parties’ property.

 

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Frequently Asked Questions (FAQ)

What is the Period of Cover and Renewal Option?
The duration of the cover is usually one year. You need to renew your insurance coverage policy annually.

How much premium do I have to pay?
The total premium you have to pay may vary depending on the sum insured of the vehicle, cubic capacity, no-claim-discount (NCD) entitlement and other underwriting criteria that the insurance company imposes, for example, policyholder age and vehicle age.

What is a No Claim Discount (NCD)?
NCD is ‘awarded’ if no claim was made against your policy during the preceding 12 months of the policy. Your NCD entitlement will depend on the class of your vehicle.

Can I cancel my policy?
You may cancel your policy anytime by giving written notice to Berjaya Sompo Insurance Berhad. Upon cancellation, any refund of the premium would be based on the conditions stipulated in the policy contract. No premium refund is allowed if there is a claim under the policy.

What are some of the key terms and conditions that I should be aware of?

a) Duty of disclosure Consumer Insurance Contract
  • Pursuant to Paragraph 5 of Schedule 9 of the Financial Services Act 2013, if you are applying for this Insurance wholly for purposes unrelated to your trade, business or profession, you have a duty to take reasonable care not to make a misrepresentation in answering the questions in the Proposal Form and you must answer the questions fully and accurately. Failure to take reasonable care in answering the questions may result in avoidance of your contract of insurance, refusal or reduction of your claim(s), change of terms or termination of your contract of insurance. You are also required to disclose any other matter that you know to be relevant to our decision in accepting the risks and determining the rates and terms to be applied.
    Non-Consumer Insurance Contract
  • Pursuant to Paragraph 4(1) of Schedule 9 of the Financial Services Act 2013, if you are applying for this Insurance for purposes related to your trade, business or profession, you have a duty to disclose any matter that you know to be relevant to our decision in accepting the risks and determining the rates and terms to be applied and any matter a reasonable person in the circumstances could be expected to know to be relevant, otherwise it may result in avoidance of your contract of insurance, refusal or reduction of your claim(s), change of terms or termination of your contract of insurance.
Note: This duty of disclosure for Consumer and Non-Consumer Insurance Contract shall continue until the time the contract is entered into, varied or renewed. You also have a duty to tell us immediately if at any time after your contract of insurance has been entered into, varied or renewed with us, any of the information given in the Proposal Form is inaccurate or has changed.

b) Change in risk
  • If at any time or from time to time any change shall occur materially varying any of the facts existing at the date of the proposal, the Insured shall within seven (7) days give written notice to the Company and shall pay such additional premium as the Company may require.
c) Premium payment and cash before cover
  • Full premium must be paid before the effective date of the Policy. Payment can be made by Cash, Credit Card or GIRO to Berjaya Sompo Insurance Berhad. Insist on a receipt of the premium paid as proof of payment for future reference.
d) Contribution
  • We shall only be liable on our rateable proportion of the loss in the event an insured has more than one policy to cover your vehicle.
Note: This list is non-exhaustive. Please refer to the policy contract for the full list of terms and conditions under this policy.

What are the major exclusions under this policy?
This Policy does not cover certain losses, such as:-
a) Your own death or bodily injury due to a motor accident**
b) Your liability against claims from passengers in your vehicle**
c) Theft of non-factory fitted vehicle accessories unless otherwise declared**
d) Consequential loss, depreciation, wear and tear, mechanical or electrical breakdown, failures or breakages.

Note:
  • ** These may be insured separately for additional premiums.
  • This list is non-exhaustive. Please refer to the policy contract for the full list of exclusions under this policy.
Where can I get further information?
Should you require additional information about Motor Insurance, please refer to the Insurance Info booklet on ‘Motor Insurance’, available at all our branches or you can obtain a copy from the insurance agent or visit www.insuranceinfo.com.my.

If you have any enquiries, please contact us during operating hours from 8:30am to 5:00pm (Monday - Friday) at the address stated on the next page.

This brochure is not a contract of insurance. For full details on the policy terms and conditions, please refer to the actual insurance policy.

Berjaya Sompo Insurance Berhad (62605-U) is licensed under the Financial Services Act 2013 and regulated by Bank Negara Malaysia.