News in brief: Dec 22, 2021

ETIQA will remove the requirement to submit a police report for motor special peril claims for all flood incidents starting December 18, effective immediately until further notice.

The insurance and takaful provider said this is to facilitate the claims process for vehicle owners affected by the floods in the Klang Valley and other states.

“Customers only need to send a photo of the scene showing the vehicle affected by flood and ensure the registration number is clearly visible,” it said in a statement today.

-- BERNAMA

TUNE INSURANCE MALAYSIA BHD (Tune Protect) is expediting claims settlements to within three days instead of the usual 10 working days frame for customers affected by the floods recently.

Group chief executive officer Rohit Nambiar said Tune Protect understood that no amount of help could fully replace the loss and trauma suffered by the flood victims and hoped that the speedy pay-out processing would help to ease the burden. 

For any flood claims and inquiries, customers can contact 1800 228 863 for motor claims and 03 7989 0310 for property claims or email to hello.my@tuneprotect.com

-- BERNAMA

SMALL AND MEDIUM ENTERPRISES ASSOCIATION OF MALAYSIA and Business Media International have jointly organised the 2021 SME100 Awards that awarded 126 small and medium enterprises (SMEs).

In a joint statement today, it said on top of SMEs winning the prestigious SME100 awards, there are also four other awards that have been awarded to several SMEs, including the iconic SME100 CTOS Credit Excellence Award and SME100 Affin SME Icon Award.

Malaysia’s largest electrical products retailer Senheng and leading university HELP University received the SME100 Affin SME Icon Award. 

-- BERNAMA

BANK SIMPANAN NASIONAL (BSN) is offering BSN MyRinggit-i Banjir, a personal loan product with up to RM5,000 financing at zero interest for a financing period of 3.5 years including a moratorium for the first six months on monthly instalment payments and open to flood victims nationwide.

In a statement today, BSN said applications would be open online starting December 27 and the application process would be notified before the date.

It said BSN is also offering monthly financing instalments deferment including personal financing/loan facilities, housing, hire purchase and credit cards for individual customers as well as financing/loans to microenterprises affected by the floods.

Application can be made via email bantuanbanjir@bsn.com.my

-- BERNAMA

KIMLUN CORPORATION BHD has successfully made its first Islamic commercial papers (ICP) issuance of RM3 million nominal value pursuant to the ICP Programme.

In a filing with Bursa Malaysia, the company said the tenure of the ICP issued is one year and proceeds raised from the issuance shall be used by Kimlun and its subsidiaries for general corporate purposes to meet their working capital requirements and capital expenditures.

OCBC Al-Amin Bank Bhd is the lead manager for the issuance of the ICP. 

-- BERNAMA