Boost introduces car insurance coverage in your pocket
By Digital News Asia September 20, 2021
- CarProtect offers customisable coverage for private cars
- In-app emergency button provides 24/7 access to car assistance
Homegrown e-Wallet, Boost announced that it has expanded its insurance offerings with the launch of CarProtect, a car insurance that provides comprehensive coverage for private cars.
In a statement, it said CarProtect offers customers protection in your pocket, alongside a seamless and convenient way to customise their car insurance plan best suited to their needs.
“The launch of our new car insurance protection is another step forward in driving innovation within the Malaysian insurtech space.
“With the addition of CarProtect, Boost now offers a total of 15 insurance protection plans to offer users protection in your pocket,” said Sheyantha Abeykoon, chief executive officer of Boost.
“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,” he added.
Boost said customers can also renew their road tax at the same time and have it conveniently delivered to their doorstep.
As an added safety feature, Boost said it has built in an emergency button for CarProtect customers that gives them 24/7 access to car assistance.
The emergency button is a fast and convenient way that 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, it said.
With this, users no longer have to frantically search the Internet or their phone book for help during an already stressful emergency situation.
CarProtect offers a one-year coverage for damage to the car insured due to accident, theft or accidental fire and 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.
This insurance plan is underwritten by Great Eastern General Insurance (Malaysia) Berhad.
From now until Dec 31, the first 5,000 users to purchase their car insurance with Boost will receive RM100 cashback in the Boost partner wallet, whereas subsequent users will receive RM50 cashback.
The cashback in the Boost partner wallet can be used to pay for any Boost transaction.
CarProtect can be easily accessed via the ‘insurance’ button on the Boost app homepage or the ‘do more’ tab. Users can easily purchase CarProtect in four easy steps:
1. Key in car details to get a quotation;
2. Customise the desired coverage by selecting relevant add-ons;
3. Fill in car owner details; and
4. Pay, and you’re covered!
Once purchased, all insurance coverage details are easily accessible in the Boost app for quick reference.
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