KUALA LUMPUR: myTukar Sdn. Bhd.'s wholesale and retail customers can now receive insurance quotations instantly, with access to most major insurance providers all on one platform, through their latest collaboration with PolicyStreet.
Customers can now have access to their preferred car insurance in three easy steps: by keying in their car details and generate instant quotes, compare and get the best insurance quotation from a list of insurance providers, and fill up their details with add-ons if any and make payment. Service applies to both new car insurance as well as renewals.
Some of the insurance providers that have come onboard with myTukar via PolicyStreet include Allianz General Insurance Company Berhad, AXA Affin General Insurance Berhad, Berjaya Sompo Insurance Berhad, Pacific and Orient Insurance Co. Berhad, RHB Insurance Berhad and Syarikat Tafakul Malaysia Am Berhad.
myTukar says that more insurance providers are in the process of coming onboard - all of them covering basic insurance add-ons and agreed value.
"We are extremely pleased to have found a like-minded partner to collaborate with us in our quest to spearhead the transformation of the pre-owned car industry," said myTukar chief executive officer Fong Hon Sum on the collaboration with PolicyStreet.
"PolicyStreet was born out of a need for change in the traditional century-old insurance industry, and aims to democratise insurance by making it simple, easy and affordable - which is very much in line with myTukar's mission of making pre-owned car buying and selling simple, convenient, efficient and transparent."
PolicyStreet is owned by Polisea Sdn. Bhd., an approved financial adviser and Islamic financial adviser by Bank Negara Malaysia. The partnership makes myTukar one of the first online car retailers to provide insurance from multiple companies.
"We are excited to be partnering with myTukar to deliver the transformation that myTukar is looking for in enabling seamless motor insurance purchase for all of myTukar's customers," said PolicyStreet chief executive officer Lee Yen Ming.
"We do this by making insurance simple, easy and affordable. We are looking forward to enhancing this with more insurance solutions in the near future."