Takaful Malaysia launches Malaysia's first flexi motor takaful plan

KUALA LUMPUR – Syarikat Takaful Malaysia Am Bhd (STMAB), the general takaful arm of Syarikat Takaful Malaysia Keluarga Bhd, has launched Takaful myClick Motor FlexiSaver, Malaysia’s first flexi motor takaful plan with Pay As You Drive daily cover.

Takaful Malaysia chairman Datuk Mohammed Hussein said the plan suits the financial and protection needs of those who drive infrequently or own several cars and want to save more on motor takaful or insurance plan.

“The Pay As You Drive daily cover available under this plan is ideal and rewarding, as we give customers the flexibility to activate it the day before they want to drive and will only be charged for the days they drive,” he said in a statement in conjunction with the plan’s virtual launch on October 27.

Mohammed said the launch of Takaful myClick Motor FlexiSaver signifies Takaful Malaysia’s unwavering commitment to driving product innovation and delivering superior customer value.

“Flexible protection plans are the future of the insurance and takaful sector. Offering insurance and takaful products in the new mobility space that are simple, flexible, and usage-based is revolutionising the industry.

“This means, consumers have the option to decide and pay for just the coverage they need, as and when they need it,” he said.

Takaful myClick Motor FlexiSaver is an online motor takaful plan that provides one-year coverage for loss or damage to your vehicle due to fire or theft, as well as third-party bodily injury, death, or property damage.

Offered through Takaful Malaysia’s online sales portal and Click for Cover mobile application, this plan provides a 24-hour roadside assistance programme for unlimited breakdown towing service and minor roadside repairs, including tyre change, fuel delivery, battery change, and jump start.

“Featuring Pay As You Drive daily cover for accidental damage to your own vehicle and complimentary personal accident coverage of RM15,000 for the driver and all passengers as well as accident towing, Takaful myClick Motor FlexiSaver also offers add-on protection options for windscreen, personal accident, and key replacement.

“Customers can also enjoy an instant 10% discount when applying the base plan of Takaful myClick Motor FlexiSaver, and when activating Pay As You Drive daily cover,” it said.