Touch ‘n Go Group announced that it has launched 2 new insurance products, CI Insure and MotoInsure on its e-wallet in a bid to become a one-stop insurance hub.
The CI Insure offering is a health insurance provided by AIA, which covers the top 5 critical illnesses in Malaysia, i.e. cancer, heart attack, stroke, kidney failure, and serious coronary artery disease.
They can get an insurance plan at RM10 per month, with the sum insured ranging from RM30,000, RM50,000, and RM100,000.
Users between the ages of 18 to 60 years old just needs to answer 3 simple health questionnaires and no medical check-up is required. The application process is said to take just 3 minutes and the insurance policy is issued instantly.
Meanwhile, MotoInsure is a customisable motorcycle insurance product that allows users to receive and compare multiple quotes from insurance partners such as Takaful Ikhlas and Takaful Malaysia, with more to come.
Touch ‘n Go eWallet users can customise their plans with coverage types and other add-on benefits to meet their specific needs.
In addition, MotoInsure also offers the option of enabling its users to renew their road tax with their insurance.
The entire application procedure is said to take 3 minutes and users can expect to receive their insurance e-policy within 24 hours and their road tax within 3-5 working days.
Touch ‘n Go already has 4 existing insurance offerings namely CarInsure, SafeTrip, SafeHome, and WalletSafe.
The group has issued more than 2 million policies since the launch of its first insurance product in July 2021.
Alan Ni, Chief Executive Officer of TNG Digital said,
“With the affordable and customisable insurance offerings available so conveniently for purchase via the Touch ‘n Go eWallet, our users will be able to make their insurance purchases and get protected in minutes, so that they will have peace of mind to focus on the other important things in their lives.”
