Boost Bank is offering insurance in its app through a tie-up with Great Eastern General Insurance Malaysia, with plans starting from RM15.
The digital bank has introduced three protection plans covering travel, personal accidents and daily commutes.
TravelProtect provides coverage of up to RM250,000 from RM15.
CoreProtect PA, priced from RM25 annually, offers personal accident coverage including accidental death and permanent disablement benefits of up to RM50,000.
CommuteProtect, also from RM25 annually, covers personal accidents of up to RM25,000 while commuting.
Users can browse and purchase the plans through the Protect tab in the Boost Bank app.
Those who take up any of the plans can unlock the new Protect Jar under the Special Jars section of the app.
The jar offers 3.3 percent per annum in daily compounding interest, allowing customers to set aside savings while maintaining insurance coverage.
For a limited period, customers who deposit into the Protect Jar will also receive a complimentary TravelProtect Lite PA plan.
The plan includes coverage for personal accidents and selected travel disruptions such as flight delays.
Eligible users can activate it through the Rewards tab in the app, subject to terms and conditions.
Featured image: Edited by Fintech News Malaysia, based on image by farknot via Freepik
