KUALA LMPUR, 17/8/2021 – Malaysia-based VSure.life (“VSure” or “Company”) is the country’s first insurtech company to have secured approval from Bank Negara Malaysia to introduce on-demand insurance and protection plans for the masses, serving as a compelling vision that will make digital insurance even more accessible and affordable for everyone and playing a role in contributing to elevate Malaysia’s digital agenda.
Bank Negara Malaysia who plays a critical role in shaping Malaysia’s economic growth and development, has strong aspirations to promote and cultivate the growth of fintech in Malaysia. With insurtech being a vital segment in fintech, it is key to bringing positive socioeconomic impact to the nation. The approval from Bank Negara Malaysia Financial Technology Regulatory Sandbox Framework indicates VSure’s readiness to be commercially tested as a fully On-Demand Lifestyle Digital Insurer model in the Malaysian market, with the objective to push the insurtech industry forward to make digital-first protection a norm for Malaysians.
Read more : Bring In the First Digital Mobile Lifestyle Insurance Protection – Money Compass
Discussion about this post