Chief executive officer Chua Seck Guan said MSIG had liaised with various parties such as Bank Negara Malaysia and the General Insurance Association of Malaysia to create this approved add-on insurance.
This motor insurance would provide cover including loss or damage to the vehicle due to accident, fire or theft; loss or damage to third-party's vehicle or property; death or injury to third-party involved in an accident, legal liability to passengers and legal liability of passengers; and accidental death or permanent disablement to the driver, he said in a statement today.
The 'Legal Liability of Passengers' element covers unexpected negligent acts carried out by the passengers, beyond what it is reasonable for the driver to control.
"This could include, for example, a passenger suddenly opening their door without checking - resulting in an accident, damages or injury to other vehicles or pedestrians," Chua said.
The cost of MSIG's E-Hail E-Zee cover will vary depending on several factors, including the vehicle's sum insured and the policyholder's details, as it is risk-based.
"However, it will still be a relatively affordable insurance to the driver's existing comprehensive insurance coverage," he added.
