All you
want to know about...
MOTOR
INSURANCE
|
CATEGORIES
OF MOTOR INSURANCE |
Motor Insurance is generally
categorised into the following categories:
-
PRIVATE CARS (which can
be divided into i. Individual Registered; and ii.
Company Registered)
-
ALL
OTHER VEHICLES (including Commercial Vehicles and Motorcycle)
-
MOTOR
TRADE (Vehicle Trade Plate)
-
HIRE
CARS (Car-For-Rent vehicles)
All Motor Insurance policies are
subjected to a 5% Service Tax with the following exception:
-
Individual
Registered Motor Vehicles.
-
All Motor
Vehicles registered to companies located in Free Trade Zone, namely Langkawi
and Labuan.
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