Monday, January 30, 2012

150 cars stolen daily

PETALING JAYA: An average of 150 vehicles are stolen a day in the country, with Proton and Perodua models topping the list of 112,503 whisked away since 2010.

Federal CID director Comm Datuk Seri Mohd Bakri Zinin said the high number of thefts was due to the demand not only for new but also old vehicles, which are cannibalised for their parts.

A total of 57,462 vehicle thefts were reported in 2010 while the number was 55,041 as of September 2011, he said.

He added: “There is a big demand for the stolen vehicles at construction sites in remote areas. Some are used in robberies and other criminal activities while certain models are exported overseas.

“We believe that vehicles like Toyota Hilux are stolen to feed the huge demand for four-wheel drives in the Middle East. We think that rebel forces use them to mount guns.”



* For more story in The Star today



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RM604mil in insurance claimed last year

Rides go missing when victims least expect it

Friday, January 27, 2012

Life Insurance Claims & Disputes

Stories on Life Insurance Claims and Disputes as reported in The Star Newspaper, 27th January 2012 make interesting reading (You can also read online at http://thestar.com.my/news/nation/ )

Consult a doc and read the fine print before signing up for a health policy

WHEN is a heart attack not a heart attack? When it does not fit into the definition that appears in fine print on an insurance policy.

Cases abound of insurance companies rejecting claims of critical illness even after doctors have confirmed it.

But the news is not all bad: The Financial Mediation Bureau has ruled many times against nit-picking insurers.

(Frankly, there should also be reports on appeal cases which had been rejected by the FMB to proof that there are also irresponsible policyholders trying to make fraudulent claims against the Insurer by fabricating the medical report, faking injury, inflating the medical bill, backdating of cover, non-disclosure of pre-existing illness and so on) 

Even so, our investigations show that you should not sign up for a health policy without first consulting a doctor to save yourself heartaches in the future.

(Consulting a doctor before you sign up the health policy?  You think its for free or charges apply? Your take)

Related Stories:

Hundreds of true-life trials of the insured
Association takes steps to rectify weaknesses