| Vehicle Sum Insured |
Insured Amount |
Assumption RM 45000 (1300cc
vehicle) |
|
| Premium Amount |
Based on capacity, search the tariff table and
get the basic premium amount + (Vehicle Sum Insured - 1000)/1000
*26 |
Premium = 225.20 + { [ (45000-1000) / 1000 ]
* 26 }
= 1369.20(a) |
|
| CC |
Cubic Capacity |
1300cc |
|
| NCD |
Non claim discount [Discount = Discount % x
Basic] |
Eg. NCD Discount = 55%
NCD = 55% * 1369.20
= 753.06 (h) |
|
| LLP |
Legal Liability to Passenger (25% of third party
premium + RM10 for each additional passenger) |
(72.00 x 25%) + 10 = 28.00 (b) |
|
| LLAN |
Legal Liabililty for Passengers Act of Negligence
(RM 7.50 per vehicle) |
7.50(c) |
|
| SRCC |
Strike, Riot & Civil Commotion (0.3% of
vehicle sum insured) |
45000 * 0.3% = 135.00 (d) |
|
| Flood |
(0.5% of vehicle sum insured) |
45000 * 0.5% = 225.00 (e) |
|
| Windscreen |
(15% of windscreen sum insured - min RM30.00) |
If windsceen sum insured = 500.00 hence 15%
= 75.00(f) |
|
| Radio Cassette |
(15% of radio cassette sum insured - min RM30.00) |
If radio cassette sum insured = 500.00 hence
15% = 75.00(g) |
|
| Additional Named Driver |
(RM10.00 per additional driver after the 2nd
driver) |
1 additional passenger after 2nd Driver = 10.00 |
|
| Gross Premium |
Basic + LLP + LLAN + SRCC + Flood + Windscreen
+ Radio Cassette - NCD |
a + b + c + d + e + f + g - h |
|
| Stamp Duty |
Flat rate of RM2 per vehicle |
2.00 |
|
| Total Premium |
Gross Premium + Stamp Duty |
RM 1,173.64 |
