20 Aug Drive less and safely, pay lower premiums
The Straits Times – 20 August 2017
Maybank unit Etiqa Insurance has launched a pay-per-kilometre plan that offers private car drivers 50 per cent premium savings upfront – in addition to the no-claim discount – while enjoying the same comprehensive coverage.
Etiqa Insurance chief executive Sue Chi Kong says the substantial upfront savings are the most prominent advantage of usage-based insurance.
“It features a fairer pricing model, especially for low- mileage or infrequent drivers with no compromise to the insurance coverage,” he adds.
“Unlike other insurers, Etiqa grants the upfront 50 per cent discount with no prerequisites and pre-submission of historical driving data required, making the process fuss-free and convenient for drivers.”