Inovatif

Tag: takaful

  • Zurich launches travel takaful on ShopeePay

    Zurich launches travel takaful on ShopeePay

    ShopeePay announces its partnership with Zurich General Takaful to launch their first travel takaful plan, Zurich Travel Takaful.

    Meeting a growing demand for Shariah-compliant protections, Zurich Travel Takaful keeps users protected as they embark on their travels, starting from as low as RM3 per day for domestic travel and RM15.99 per day for international travel.

    Catering to short-term and frequent travellers, this is ShopeePay’s first travel protection plan to offer both single and annual trip travel protection plans, keeping users protected for travel all year round.

    Additional Benefits and Zurich Travel Assist

    The takaful offering provides coverage of up to RM300,000 in medical and personal accident benefits throughout user’s travel while providing additional protections and benefits including compensation for:
    ● Travel Cancellation
    ● Travel Delay
    ● Travel Curtailment
    ● Baggage Delay
    ● Double Indemnity
    ● Personal Effects and Travel Documents

    As part of Zurich’s Travel Takaful plan, users will also have access to Zurich’s 24-Hour Travel Assistance hotline to provide support throughout their travels.

    In celebration of the launch of Zurich Travel Takaful on ShopeePay, users can kick off their travel plans with a variety of complimentary discounts, including:
    ● 5% discount on Travel Takaful when travelling in groups of 2-5 pax
    ● 10% discount on Travel Takaful when travelling in groups of 6-10 pax
    ● 15% discount on upgrades to VIP Plans for both single trip and annual plans

    How to subscribe to Zurich Travel Takaful

    Available on the ShopeePay app and also the Shopee app, subscribing to your Zurich Travel Takaful plan can be completed in under just 3 minutes:

    Step 1: Access your ShopeePay App and click on the “Insurance” tab at the bottom left of your home page

    Step 2: Click on Travel and select your plan.

    Step 3: Confirm your details and proceed to check out.

    Breakdown your payments with SPayLater

    Subscribing for a big group, or planning to pace out your protection plan payments? Split your Takaful contributions with SPayLater, the Shariah-compliant credit solution that lets you pay next month, or in instalments ranging from three to 12 months.

    SPayLater is available for all Insurance and Takaful products provided on the ShopeePay and Shopee app.

  • insureKU goes live with first native aggregation service

    Censof Holdings Berhad (Censof or the Group), a technology holdings company specialising in financial management software solutions, today announced that insureKU — Malaysia’s first fully digital, end-to-end insurance and takaful aggregator — is now officially live.

    Developed by its subsidiary, Censof Maal Sdn Bhd, insureKU is built with the consumer in mind and delivers a seamless, transparent, and user-friendly experience for comparing, understanding, and purchasing a wide range of insurance and takaful products — from life and general insurance to travel coverage and beyond.

    Commenting on the service launch, Ameer Shaik Mydin, Group Managing Director of Censof said, “insureKU represents a natural extension of Censof’s vision to empower Malaysians through innovative financial technologies. This service launch is not just about offering insurance online, it is about removing barriers, building confidence, and enabling consumers to make informed decisions about protecting their future. We believe insureKU is a key milestone in that journey.”

    The platform currently features travel insurance options for consumers to engage with, alongside plans to expand into other categories later this year, with an initial list of insurance providers that includes Generali, TokioMarine and Tune Protect. Using the service, insureKU is able to help consumers specify, identify, understand and purchase their specific travel insurance product in under three minutes which is a tremendous and empowering time and money saving hack.

    “insureKU is built to remove the complexity around insurance decisions and give consumers the clarity they need to feel in control,” said Shadhana Sekaran, Co-founder and Chief Executive Officer of insureKU. “From a single platform, users can compare plans from multiple providers, understand their options with greater transparency, and complete their purchase with confidence — all in just a few clicks. Our goal is to simplify insurance for everyone, and we’re just getting started.”

    More Than Just Comparisons – A Smarter, Trusted Way to Secure Coverage

    Backed by Censof Maal Sdn Bhd’s decades of experience in developing complex financial systems, insureKU leverages this expertise and the domain experience in insurance of its management team, to enhance how it offers an intuitive, technology-driven solution that places consumer empowerment in their hands.

    As one of the earliest authorised participants under Bank Negara Malaysia’s Financial Technology Regulatory Sandbox, insureKU has been extensively developed and tested over the past one year to meet real-world needs. The platform is the first of its kind in Malaysia to offer fully integrated aggregation and digital solutions across both the insurance and takaful sectors.

    To shift perceptions and expectations of what insurance can and should be for consumers, insureKU’s service launch focuses on the first step of its long-term planning; education, comparison, and the aggregation of information to allow consumers to make easier, better, and value-driven decisions for their insurance needs. Savings gained through insureKU’s processes are also passed back seamlessly to consumers, aiming to make insurance more affordable over time.

    insureKU is committed to continual innovation, with upcoming enhancements including multi-lingual support, expanded product offerings, and user-centric tools such as the Need Analysis Calculator and Financial Budget Calculator — all designed to help users tailor their insurance plans to suit their personal goals and financial circumstances, further simplifying and enhancing the digital insurance experience.

    “This is more than a product service launch — it is the beginning of a much needed movement to dismantle the barriers that have long excluded many Malaysians from securing their financial future,” added Shadhana.

    To celebrate the service launch, insureKU is rewarding the first 100 customers who purchase travel insurance through the platform with items from a limited exclusive merchandise offering – making it even more rewarding as consumers in Malaysia take their first steps toward easier, smarter, and empowered insurance choices.

    For more information and to explore your insurance options, visit www.insureku.com.

  • Shopee expands range of Shariah compliant financial services with Takaful IKHLAS

    Shopee expands range of Shariah compliant financial services with Takaful IKHLAS

    Leading digital payments and financial services provider SeaMoney, has partnered with Takaful Ikhlas General Berhad (Takaful IKHLAS) to offer Motor Takaful protection on the Shopee app. The latest addition to Shopee’s growing suite of digital insurance and takaful offerings, IKHLAS Private Car Comprehensive Plus Takaful, aims to provide holistic, Shariah compliant motor takaful protection to users.

    IKHLAS Private Car Comprehensive Plus Takaful provides the following coverage:

    • Third party bodily injury and death;
    • Third party property loss or damage;
    • Loss or damage to your own vehicle due to accidental fire or theft; and
    • Loss or damage to your own vehicle due to accidents.

    Additionally, participants can enjoy complimentary benefits that include:

    • Waiver of Compulsory Excess for Unnamed Driver
    • Complimentary Personal Accident cover for Participant
    • Transportation Fee Reimbursement

    IKHLAS Private Car Comprehensive Plus Takaful also provides complimentary roadside assistance with 24-Hour Bantuan IKHLAS Road Assist. This includes a 24-Hour Accident and Breakdown towing service that also covers Singapore, South Thailand, and Brunei within a 25km radius of the Malaysian border, as well as locksmithing and battery delivery services.

    In conjunction with the launch of IKHLAS Private Car Comprehensive Plus Takaful, Shopee is offering an RM15 voucher on top of a 10% discount for all Takaful IKHLAS insurance and takaful products.

    Here’s how you can purchase IKHLAS Private Car Comprehensive Plus Takaful on Shopee:

    Step 1: From the Shopee app home page, access the “Finance” circle, located right below the search bar. Once in the Finance page, click on “Insurance”.

    Step 2: Here, click on “Car” and proceed to fill in your vehicle details to receive an insurance quotation.

    Step 3: After receiving your quotation, select your preferred IKHLAS Private Car Comprehensive Plus Takaful and proceed to complete your purchase.