Malaysian insurtech company PolicyStreet.com has partnered with Carput, a homegrown automotive assistance platform, to offer car insurance.

By teaming up with insurance technology company PolicyStreet.com, Carput said that customers will be able to experience greater ease in the car insurance renewal process with just 3 simple steps.

PolicyStreet.com’s existing site infrastructure will enable Carput Cover clients to compare motor insurance instantly and seamlessly on a secure platform.

The service named Carput Cover is the latest addition to the company’s list of automotive services, which include battery replacement and towing facilities.

Carput said that Malaysians can now obtain quotes from 10 leading insurers in just 60 seconds and renew their car policies through its website and mobile app.

The Carput App has over 100,000 downloads on the Android and iOS store.

PolicyStreet.com’s co-founder and CEO Lee Yen Ming said that the online convenience of Carput Cover will provide a fuss-free car insurance renewal option which also maximises savings in today’s digital landscape.

PolicyStreet.com also offers add-ons (e.g. windscreen and perils coverage) as well as the option to have road tax delivered directly to one’s doorstep.

PolicyStreet.com is a trusted online insurance provider of more than 1000 insurance products from 38 insurance and takaful providers in Malaysia. The company obtained the Financial Adviser and Islamic Financial Adviser (FA) approval from Bank Negara Malaysia in 2019, which allows it to provide both conventional and Islamic financial advisory.

Since then, the startup has raised RM 7.8 million during a Series A funding round from equity crowdfunding platform PitchIN. They have underwritten over RM 10 billion in sum assured.

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