• Purchase Price GAP (PPG) Insurance

In the event of total loss of your vehicle arising from accidental damage, fire and/or theft payable under your Motor Comprehensive Insurance policy, PPG Insurance will pay you the Claimable Amount, which is the sum difference between:

(a) the purchase invoice price of your vehicle, and

(b) the total loss settlement from your comprehensive motor insurance policy.


Vehicle Purchase Invoice Price = RM100,000

Market Value at Year 3 = RM60,000

In the event of total loss due to accidental damage, fire and/or theft, Comprehensive Motor Insurance will pay based on the Market Value of RM60,000, and PPG Insurance will pay the balance of RM40,000.

Note: Your claimable amount will be subjected to underinsurance adjustment if the sum insured of your vehicle is lower than the market value. Therefore, in the event of total loss, underinsurance adjustment will be applied where PPG Insurance will apply the market value to calculate the claimable amount instead of the underinsured value of your vehicle.


  • Coverage Period: 1 year to maximum of 5 years.
  • One-time upfront premium payment.
  • Premium vary according to make, coverage period and type of vehicle.
  • Maximum amount vehicle purchase invoice price: RM600,000.
  • Maximum amount PPG Insurance benefit payout: RM200,000.


Outstanding Loan Settlement

The claim amount will cover your outstanding car loan.

Downpayment For New Vehicle

Upon settlement of your outstanding car loan, the excess claim amount can be used for the downpayment of a new replacement vehicle.

Flexible Coverage Period

One-time upfront insurance  premium payment up to 5 years of coverage.

Fast Claim Settlement

The claim amount will be paid within 7 working days after your Comprehensive Motor Insurance claim has been approved.

Major Exclusions

  • Vehicle cubic capacity exceeding 3,000 c.c.
  • Vehicle modified from the manufacturer’s specification.
  • Emergency vehicle, taxi, bus, motorcycle, and other heavy vehicle.
  • Grey import or parallel import vehicles.
  • Vehicle purchased from Langkawi or Labuan Island.
  • Vehicle used for competition, trial (other than treasure hunts), track days, rally, racing, pace making or off road use.
  • Any vehicle powered by fuel cell or liquid petroleum gas (LPG).
  • While your vehicle is used outside the territory of Malaysia, Brunei and Singapore for more than sixty (60) days consecutively.
  • Purchase Invoice Price exceeding RM 600,000.

Note: This list is non-exhaustive. Please refer to the policy for the full list of exclusions under this policy. 


  • Applicable to private registered vehicle only.
  • Must have a Comprehensive Motor Insurance Policy.
  • Vehicle must be financed by CIMB Bank.
  • New or used vehicle age within three (3) years from year of manufacture.
  • Vehicle must be registered in Malaysia only (exclude Langkawi and Labuan).

Note: There are certain vehicles’ make & model which are not eligible under this Policy. Kindly visit Auto Finance Centres for further information.

PPG Insurance is sold via Auto Finance Centres only.



This product is underwritten by Berjaya Sompo Insurance Berhad (62605-U).

Disclaimer: The description of the features and benefit of this Purchase Price Gap Insurance  ("Product") herein is not a contract of insurance and is only a brief summary of the Product for quick and easy reference. The precise terms and conditions are contained in the Policy Document of Berjaya Sompo Insurance Berhad, the Insurer. 

CIMB Bank Berhad ("the Bank") accepts no responsibility, obligation or liability for this Product and the services provided by the Insurer. The Bank merely acts as a Distributor and is not responsible in any way for this Product. This Product is not a product of the Bank and therefore it is not guaranteed by the Bank, its subsidiaries and/or its affiliates.