Frequently Asked Questions
What is Program Pembiayaan Insurans Kerete Keluarga Malaysia?
Program Pembiayaan Insurans Kenderaan Keluarga Malaysia is a repayment scheme for civil servants to renew vehicle insurance (without interests or any upfront payment) in monthly installments of 10 months, through Skim Potongan Gaji ANGKASA (SPGA). This scheme is launched by Datuk Seri Ismail Sabri Yaakob as an effort to help civil servants reduce financial pressure.
Who is eligible?
- Any Malaysian Civil Servants, (except GLC, GLIC & Contractual – pending approval)
- Debt ratio not exceeding 60% of monthly salary and cash benefits
How do I apply for this scheme?
- Go to https://www.fatberry.com/v3/motor/quote/CAR?partner=atech
- Key in your vehicle info to get price quotations
- Select a price quotation
- Make payment via Program Pembiayaan Insurans Kenderaan Keluarga Malaysia
- Fill up and upload required documents, respectively;
- Salary slip
- Schedule J
- Submit application
My application is successful. How will I get my policy?
If your application is successful, the insurance policy will be sent to you via email within 1-3 days after approval
How do I know if my application is approved?
You will receive a confirmation email once your application is approved/rejected.
How do I make payment?
No payment is necessary. Salary auto-deduction will be processed via Skim Potongan Gaji ANGKASA (SPGA)
What is a loan protector?
Loan protection insurance covers debt payments on certain covered loans if the insured loses their ability to pay due to a covered event. Such an event may be disability or illness, unemployment, or another hazard, depending on the particular policy.
Is this scheme Syariah-compliant?
It is a form of financing based on Qardhul Hasan’s Syariah-compliant concept, which means that the loan does not involve interest or usury
What type of insurance can I renew with this scheme?
Only Takaful insurance is allowed
My application has failed. Can I re-apply?
Yes, you may re-apply.
How long does it take for the approval process?
If all the required documents are complete, it will take 1-3 working days
How long is the validity of the vehicle takaful price quotation?
The price quotation is valid for 5-days only. If the approval process takes more than 5 days due to reasons such as incomplete documents, then you will need to request a new quotation and re-apply for the loan.
How many months of installments? Can I change to 8 or 12 months of installments?
Only 10 months installment is available
I have been approved by SPGA for this scheme. Can I renew next year with the same scheme?
The scheme was announced on 1st May (Labour Day). There was no validity period specified