Recently, Bank Negara Malaysia (BNM) announced that motor insurance premiums will be gradually increased starting from 2012 until 2015. The premium adjustments will only apply to the bodily injury portion of motor insurance, which will be de-tariffed and liberalized in 2016.
The actual quantum of increase is still under review by BNM but from the preliminary data from BNM, the following are the estimated annual premium hike for motor insurance from 2012 to 2015,
