Carput Uses Policystreet.com Platform To Offer Auto Insurance Services

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by Fintech News Malaysia
May 3, 2021

Malaysian insurtech company PolicyStreet.com has partnered with Carput, a local car assistance platform, to offer car insurance.

By partnering with insurance technology company PolicyStreet.com, Carput said customers will experience greater ease in the auto insurance renewal process in just 3 simple steps.

PolicyStreet.com’s existing site infrastructure will allow Carput Cover customers to instantly and seamlessly compare auto insurance on a secure platform.

The named service Carput blanket is the latest addition to the company’s auto service list, which includes battery replacement and towing facilities.

Carput said Malaysians can now get quotes from 10 major insurers in just 60 seconds and renew their auto policy through its website and mobile app.

The Carput app has over 100,000 downloads from the Android and iOS store.

PolicyStreet.com co-founder and CEO Lee Yen Ming said the online convenience of Carput Cover will provide a hassle-free auto insurance renewal option that will also maximize savings in today’s digital landscape.

PolicyStreet.com also offers add-ons (e.g. windshield and hazard protection) as well as the option to have road tax delivered right to your door.

PolicyStreet.com is a trusted online insurance provider of over 1000 insurance products from 38 insurance and takaful providers in Malaysia. The company obtained the approval of the Financial Advisor and Islamic Financial Advisor (FA) of Bank Negara Malaysia in 2019, which enables it to provide both conventional and Islamic financial advice.

Since then, the startup has raised RM 7.8 million in a Series A funding round from crowdfunding platform PitchIN. They have taken out over RM 10 billion in sum insured.

Featured Image: Modified from Unsplash


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