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What is NCD/NCB? How do I withdraw and transfer it?

December 1, 2022 

You may have seen or heard of NCD/NCB, but what do they really mean? …

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How do I cancel my car/motorcycle insurance policy? What are the consequences?

November 1, 2022

You might be planning to cancel your car/motorcycle insurance policy for reasons…

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My car is on fire! What do I do and how can I prevent this?

October 1, 2022

While car fires aren’t common, they are unpredictable! There are multiple ways…

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Own Damage Private Car claims settled and paid out in 2020.
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Own Damage Private Car claims settled and paid out over the past 5 years (2016-2020).
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Own Damage Motorcycle claims settled and paid out in 2020.
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Own Damage Motorcycle claims settled and paid out over the past 5 years (2016-2020).

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ANNOUNCEMENT


As part of our commitment to compliance with regulatory requirements set forth by the Inland Revenue Board (IRB), we would like to announce a transitional period during which our company will begin issuing e-Invoices exclusively. This transition period has been granted by the IRB to allow businesses and policy holders adequate time to adjust to the new requirements.

Key Points:

  1. Transition Period: During the transitional period (i.e. 1 August 2024 to 30 June 2025), businesses and policy holders can continue to rely on existing supporting documents as proof of expenses. This concession aims to facilitate a smooth transition to the new e-Invoice system.
  2. Effective Date: Our company will commence issuing e-Invoices starting from 1 July 2025.

Based on the latest e-invoicing guidelines as issued by IRBM, please note that there is no requirement for the businesses / individuals to obtain validated e-invoices from Pacific & Orient Insurance Co. Bhd for income tax deduction / relief purposes at this juncture.

We appreciate your continued support and cooperation as we work together to implement these changes in accordance with regulatory requirements.

Thank you for your attention to this matter.

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