We, (Chubb Insurance Malaysia Berhad) would like to inform that the Goods and Services Tax ('GST') will be implemented by the Government of Malaysia with effect from 1 April 2015 at a rate of six (6) per centum.
In line with this, where a policy is subject to GST, the policyholder is required to pay us an amount equivalent to the GST payable on the applicable premium for the policy period. In the event the policy period commences before but expires after 1 April 2015, the policyholder is required to pay us an amount equivalent to the GST payable on the applicable premium calculated from 1 April 2015 on a pro-rated basis.
The policyholders’ obligation to pay GST (where applicable) shall form part of the Terms and Conditions of all our insurance policies.
For any further clarification on this matter, please do not hesitate to contact us by phone 1800-88-3226 or e-mail Inquiries.MY@chubb.com.
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