Free road tax when renewing insurance with PolicyStreet on October 10 and 11

8 October 2024

KUALA LUMPUR: Since the launch of PolicyStreet’s Betul-Betul FREE Road Tax campaign in August, thousands of Malaysians have benefited from complimentary road tax and significant discounts by renewing their car insurance through PolicyStreet’s platform.

In response to the overwhelming demand, the campaign is back and bigger than ever, expanding its initial offer from 500 to 5,000 Malaysians this October.

On October 10 and 11, from 10am to 10pm, Malaysians with cars under 1600cc engine capacity can enjoy free road tax when they renew their car insurance with PolicyStreet.

Additionally, vehicles with engine capacities of 1600cc and above will still qualify for generous discounts on their road tax, ensuring they receive the Cheapest Road Tax in Town.

To make the process even more accessible, PolicyStreet offers a 0% Interest Easy Payment Plan, allowing Malaysians to pay for their car insurance in manageable installments rather than a lump sum.

Customers can select from 3, 6, or 12-month payment plans using a valid credit card from one of nine participating banks: Maybank, Public Bank, UOB Bank, OCBC Bank, RHB Bank, CIMB Bank, Affin Bank, Hong Leong Bank, and AmBank.

In line with its commitment to strengthening the financial resilience of Malaysians, PolicyStreet’s 0% Interest Easy Payment Plan acts as an additional payment option that incurs no extra interest, ensuring that car insurance remains affordable and accessible for everyone.

“At PolicyStreet, our foundation has always been rooted in serving the underserved through innovative insurance solutions. We are excited to reaffirm our commitment to consumers by not only offering the Cheapest Road Tax in Town but also ensuring that car insurance is Purposeful and Simple for every Malaysian. This journey is not new for us; it’s a return to our core mission, and we look forward to empowering individuals with the protection they deserve,” says Yen Ming Lee, Co-founder and Group Chief Executive Officer of PolicyStreet.

PolicyStreet is backed by the Malaysian sovereign wealth fund, Khazanah Nasional Berhad, and serves over 5 million customers with over US$ 10 billion in sum insured. In 2024, PolicyStreet was recognised as "Fintech of the Year" at The Asset's Triple A Digital Awards and ranked as the second-highest Malaysian company in the "High-Growth Companies in Asia Pacific 2024" list by Statista and The Financial Times.