- myTukar customers can now receive insurance for their pre-approved car purchases with instant quotations from a few insurance providers for comparison
Kuala Lumpur, 10 June 2021 – myTukar Sdn. Bhd. (the Company), Malaysia’s fastest-growing pre-owned car buying and selling platform today pioneered another first for the industry with a collaboration with PolicyStreet.com owned by Polisea Sdn. Bhd., an approved Financial Adviser and Islamic Financial Adviser by Bank Negara Malaysia.
Commenting on the collaboration with PolicyStreet.com, Fong Hon Sum, CEO of myTukar said, “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. PolicyStreet.com 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.”
Through the collaboration, myTukar’s wholesale and retail customers can now receive insurance quotations instantly with access to most major insurance providers within one platform at www.myTukar.com. The services support both new car insurance as well as renewals.
myTukar is the partner of PolicyStreet.com and is one of the first online car retailers to provide insurance from multiple companies. Obtaining insurance is easy and conveniently done within one online platform where customers will receive a few quotations within minutes at the push of a button. Customers will then be able to select the policy that is most suitable for them.
PolicyStreet.com’s CEO, Lee Yen Ming said, “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. 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.”
myTukar customers can now have access to the best and most suitable car insurance for them in 3 easy steps:
- Key in Details - key in their car details and generate instant quotes
- Compare best price - compare and get the best insurance quotation from a list of insurance providers
- Make Payment - Fill up your details with add-ons if any and make payment
Some of the insurance providers that have come onboard with myTukar via PolicyStreet.com 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. This list is not exhaustive as more insurance providers are in the process of coming onboard as well. These insurance providers cover basic insurance add-ons and agreed value.
For more information on the insurance provided for myTukar customers, visit the interactive consumer website at www.myTukar.com or call 1800-22-5999 to speak to a product genius.
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myTukar is Malaysia’s fastest growing pre-owned car buying and selling platform. The Company’s mission is to simplify the process of buying and selling pre-owned cars through digitalisation. The myTukar.com platform aims to be the trusted, transparent, effective and efficient online pre-owned car selling and buying platform. To-date, myTukar's over 2,200 registered dealers and seventeen inspection centres that are open daily have successfully transacted more than 40,000 cars worth over RM1 billion in total value. With the newly introduced myTukar Retail Experience Centres located in major malls, customers can now enjoy a seamless journey when purchasing and selling pre-owned cars in Malaysia. In 2020, myTukar went on an aggressive expansion drive with the opening of seven new branches throughout Malaysia, besides inking numerous strategic collaborations with partners such as CapBay, SISMA Auto Glenmarie SELEKT Centre, Sime Darby Auto Selection and DRB-HICOM. myTukar continues to be committed in pioneering innovative strategies for the growth of the pre-owned car industry in Malaysia.
Founded in 2015, CARRO is a Singapore-based Southeast Asian (SEA) technology-enabled automotive marketplace that offers a full-stack service for all aspects of car ownership. By offering a simplified, trustworthy and transparent experience, CARRO aims to deliver a delightful way of buying and selling cars. CARRO is active across Singapore, Indonesia, Thailand and Malaysia with a fast-growing dealership network of over 7,000.
For more information, please visit www.carro.sg
PolicyStreet.com is an insurance technology company which advances inclusive insurance in South East Asia. Policystreet.com is the brand name of Polisea Sdn. Bhd. who is an approved Financial Adviser and Islamic Financial Adviser under Section 11 and 15 (1) of the Financial Services Act 2013 from the Bank Negara Malaysia It currently works directly with over 35 life and general insurance and takaful providers in Malaysia offering various insurance products and services.
PolicyStreet democratizes the insurance industry by making insurance simple, easy and affordable. Visit www.policystreet.com and get your right protection now!
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