Boost Expands Insurance Offerings to Now Include Car Protection Coverage
by Fintech News Malaysia September 16, 2021Axiata Digital’s e-wallet Boost announced that it has expanded its insurance offerings with the launch of a car insurance “CarProtect”, which is underwritten by Great Eastern General Insurance (Malaysia) Berhad.
The e-wallet said that “CarProtect offers customers protection in your pocket, alongside a seamless and convenient way to customise their car insurance plan best suited to their needs”.
CarProtect offers a one-year coverage for damage to the car insured due to accident, theft or accidental fire, as well as liabilities to third parties including bodily injuries, death, property loss or damage.
Additionally, it also features customisable add-on coverages for windscreen, flood and special perils as well as a waiver of compulsory excess inclusive of additional drivers.
Customers can also renew their road tax at the same time and have it delivered to their doorstep.
As an added safety feature, Boost built in an Emergency Button for CarProtect customers that gives them 24/7 access to car assistance.
The button directs users to the emergency contacts including insurance claims, panel of workshops as well as Boost’s roadside assistance partners in the event of an accident or breakdown.
With this feature, users will not have to frantically search the Internet or their phone book for help during an already stressful emergency situation.
The e-wallet has been actively rolling out insurance plans and now has 15 different offerings in its app.
Sheyantha Abeykoon
Sheyantha Abeykoon, CEO of Boost said,
“The launch of our new car insurance protection is another step forward in driving innovation within the Malaysian insurtech space.
As we continue to develop more affordable insurance plans for the future, we will continue to emphasise on customisation to give users the flexibility of crafting the right plan at the right price to protect themselves and their loved ones.”
