It’s a fact that many homes in Malaysia have more than one car as different members of the family require their own wheels. They all need, by law, insurance coverage for their vehicles in order to drive on public roads.
Having a few vehicles in the household can now be advantageous as AIA General Berhad is offering a family discount on premiums when buying insurance coverage from the company. Family Drive, its first flagship product, is a car insurance that provides all-round on-the-road protection.
Said to be the first of its kind in Malaysia, Family Drive is a comprehensive car insurance that provides the usual protection for both third party and own loss and damages. It also comes with additional features which you don’t get from other insurance companies in this country.
Additional features
These include Personal Accident Protection which ensures that anyone travelling in the insured car is automatically covered with up to RM250,000 personal accident coverage. There’s also protection against legal liability to third party’s injury, death and property loss of damage for everyone travelling in the car, with automatic coverage for all authorised drivers without additional cost.
Should the car not be available after an accident as the workshop is repairing it, Family Drive will provide an Inconvenience Allowance of RM600 per accident. There is also AIA Roadside Assist with an array of value-added services such as battery and tyre replacement, vehicle towing, 24/7. Customers can request for assistance with their police report and will be provided with e-hailing vouchers to help them and their family get home safely after the accident.
5% discount plus Excess Waiver
Family Drive has a discount of 5% if two or more cars in the same household are insured but only up to a maximum of 4 vehicles. The Excess waiver is granted if customers repair their car at an AIA panel workshop, with the total repair cost borne by AIA.
To enhance coverage, there are optional add-on benefits such as the Agreed Value feature whereby policyholders can protect themselves against the depreciation value of their car by setting an agreed coverage amount when purchasing the policy. The Waiver of Betterment Cost feature ensures that customers are covered for the full cost of new original parts for their car with no extra procedure or paperwork upon claims.
Additionally, customers can choose the Natural Disaster (Special Perils) options that protects their cars against loss or damage caused by flood, storm, landslide or other acts of nature. These days, you never know when your car might be caught in a flood…
“We are very excited to be able to bring Family Drive and its various innovative and customer-centric features to the motor insurance market. Our market research identified various customer concerns where we saw the growing trend of expanding families who were worried about their family’s safety and the inconveniences caused by car accidents,” said Eric Chang, CEO of AIA General Berhad.
“With these insights, we developed Family Drive as a way to meet the protection needs of our customers on the road – ultimately providing them with a worry-free driving experience for the entire family,” he explained.
