Policy Street and CARSOME Revolutionize Car Insurance with CARSOME Care+

Through this partnership, drivers are not only safeguarding their vehicles but also gaining enhanced financial security and peace of mind in uncertain times.

STORYLINE

1. Innovative Collaboration: Policy Street and CARSOME introduce CARSOME Care+, redefining car insurance with unique unemployment protection.
2. Addressing the Gap: Malaysia's underinsured population of 90% targeted with personal accident coverage up to RM10,000.
3. Comprehensive Benefits: CARSOME Care+ offers holistic advantages ranging from weekly hospitalization benefits to theft protection and more.
4. Empowerment and Assurance: Partnership empowers drivers with unprecedented coverage, emphasizing quality guarantee and a seamless car buying experience.
5. As per Ken Research, as Policy Street and CARSOME join hands to introduce CARSOME Care+, the landscape of car insurance in Malaysia is poised for transformation

In a groundbreaking collaboration, Policy Street, an innovative insurance solutions provider, and CARSOME, Southeast Asia's largest integrated car e-commerce platform, have come together to launch a transformative product – CARSOME Care+. This unique offering redefines car insurance by introducing a Car Personal Accident Coverage tailored for Malaysians.

1. Unprecedented Protection

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CARSOME Care+ is taking car insurance to a new-heights by including protection against unemployment. This innovative feature ensures that policyholders continue to make their car loan payments even if they have lost their job. This component of financial security is aimed at vanishing the concerns of car owners during times of unexpected job loss, providing them with a safety net that takes care of their financial burdens.

2. Closing the Protection Gap

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In Malaysia, approximately 30 Mn people, constituting around 90% of the population, are either underinsured or completely uninsured. This partnership between Policy Street and CARSOME is targeted at addressing this significant gap in insurance coverage.

 CARSOME Care+ offers personal accident coverage of up to RM10,000, ensuring that policyholders and their families are financially protected in case of any emergency such as accidental death or even permanent disablement.

3. Holistic Benefits

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CARSOME Care+ goes beyond the traditional systems of car insurance policies. In addition to its innovative unemployment protection, the policy also provides a range of holistic benefits which includes weekly hospitalization benefits, protection for smart keys, coverage for personal belongings theft from the car, and a travel allowance designed to assist with children's school and tuition transportation expenses. This comprehensive approach to insurance underlines CARSOME's commitment to offering a hassle-free & seamless car buying experience.

4. Empowering Drivers

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Policy Street and CARSOME's partnership aims to empower Malaysian drivers with robust insurance coverage that aligns with their needs. Yen Ming Lee, CEO of Policy Street, highlights the importance of protecting drivers on the road, not just their vehicles. Eric Cheng, CEO of CARSOME, highlights the fact that the collaboration combines quality guarantee and unique coverage to create a seamless and worry-free car purchasing journey.

Conclusion

As Policy Street and CARSOME join hands to introduce CARSOME Care+, the landscape of car insurance in Malaysia is poised for transformation. Through this partnership, drivers are not only safeguarding their vehicles but also gaining enhanced financial security and peace of mind in uncertain times.