RHB Insurance Berhad and Tan Chong Insurance Business Stream (TCIBS) launched the TC Gap Protector, a new Guaranteed Asset Protection (Return To Invoice or RTI-GAP) policy.
TC Gap Protector offers coverage for the financial insufficiency between the amount received from the Comprehensive Motor Insurance Policy and the vehicle purchase price in the event of Total Loss from damage, fire and theft, with a maximum benefit of up to RM140,000.00.
This plan is offered to Nissan private motor vehicle owners for brand new and registered vehicles purchased from TCIBS throughout Malaysia, aged less than or equal to one year.
Customers can enjoy premiums from as low as RM0.13 per day as well as hassle-free claims processing and settlement. The pay-out cash value can be utilized to purchase a replacement car subject to terms and conditions of the policy.
“RHB Insurance recognises the need to empower vehicle owners with more cost-effective and financially viable options to bridge the gap. Through TC Gap Protector we are able to provide agile and versatile insurance solutions to our customers to alleviate their burden in the event of loss or damage to their vehicles,” said Kong Shu Yin, Managing Director/CEO of RHB Insurance.
RHB Insurance established the strategic partnership with Tan Chong, as part of our efforts to grow the motor insurance in the long run.