SAY goodbye to long queues at the post office or even dealing with pesky insurance agents – motor insurance and road tax renewal is now just a few taps away with the GetCover mobile app.
Users can access their policy and vehicle information on mobile devices, and renew their motor insurance within five to 10 minutes. The app is linked to the Insurance Services of Malaysia (ISM) and Road Transport Department (JPJ), hence the vehicle and insurance details will be readily available.
The app is free for anyone to download and use. Clients only need to pay for the transaction of the motor insurance and road tax renewal.
First time users are required to key in six personal information: name as per IC, IC number, email address, mobile number, vehicle registration number and existing insurer.
“With the advancement in technology, the convenience of fintech is on the rise to deliver faster and secure financial services. We will include other value-added services integrated into the mobile app such as on the spot snap and file claim in the event of accidents, progress trackers and more,” said GetCover executive director Mark Tan at the launch in Kuala Lumpur.
The developers worked for over a year on GetCover, making sure that the app was easy and secure for the clients to use.
“We placed extra attention to security details, to ensure that all transactions are made through a trusted and secure payment system. The data in the app is encrypted, and GetCover is secure by today’s standards,” Tan explained.
GetCover is currently working with MPI Generali, LonPac and Zurich Insurance & Takaful, and is looking to expand its partnership with other merchants.
Under the supervisory guidance of Bank Negara Malaysia’s Fintech Enabler Group (FTEG), as well as collaboration with agencies under the Ministry of Finance and Malaysia Digital Economy Corporation (MDEC), GetCover hopes to be a positive example for a vibrant fintech and insurtech (insurance technology) ecosystem in Malaysia.
“The intellectual use of technology in recent years has resulted in the rise of Malaysia’s fintech and insurtech industries. This comes as a result of financial institutions pushing for development that will harness innovation and technology to improve the industry by providing better solutions to customers,” said Second Finance Minister Datuk Seri Johari Abdul Ghani, who officiated at the event.
“GetCover also comes in time with the motor insurance detariffication, where liberalisation of motor insurance premiums will be based on a list of risk factors. The app will be the ideal solution as their comparative tools will allow consumers to make more informed decisions. This app is a positive step forward that blends new age technologies to solve everyday matters with ease and convenience,” Johari added.
GetCover is available on Android and iOS platforms.
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