By NUR HAZIQAH A MALEK / Graphic By TMR

AIG Malaysia Insurance Bhd paid out interim payments close to RM300,000 to flood-affected customers in Penang and Kedah.

AIG Malaysia CEO Antony Lee (picture) said this is part of the company’s responsibility to help customers continue their career and detain disruptions in their clients’ lives.

“It is in times like these that our customers need the assistance, and we are echoing the general insurance industry’s and Bank Negara Malaysia’s initiatives to respond to these needs swiftly,” he said in a statement yesterday.

“Out of a total of some 18,000 customers we have in these states, the claims were relatively low, which only goes to show how many were not protected against floods,” Lee said.

AIG Malaysia said it received close to 70 claims applications from various industries that have been affected by the flood.

Lee stressed that it is imperative for companies and businesses to understand the importance of protecting themselves against such cash catastrophe.

As of Nov 6, 2017, the floods in Penang and Kedah have killed seven and affected 10,000 evacuees.