KUALA LUMPUR, 17 August 2021 - Car owners renewing their car insurance will not only get the best deal in town but even stand a chance to win a car, as airasia money introduces a digital car insurance service on the airasia Super App and airasia.com/money starting today. 

In partnership with PolicyStreet, the digital car insurance service includes insurance and road tax renewal and allows car owners to make price comparison of various insurance providers before choosing the best deal. It also offers add-on coverage such as windscreen, flood, extra drivers and roadtax home delivery service. PolicyStreet has been recognised as one of Asia's Top 10 InsurTech startups by Insurance Business Magazine Asia 2020. 

To celebrate this latest product offering, airasia money is running a contest offering a grand prize of Perodua Axia 1.0 Lava Red GExtra.  Any car owner can participate when they renew their car insurance with airasia money from now until 2 November 2021. No minimum insurance premium is required. 

On top of that, car owners will also enjoy instant cash discounts as a welcome gift from airasia money.  RM50 instant discount will be given for insurance premium above RM600, while RM25 instant discount will be given for insurance premium below RM600 with the voucher code: airasia50.

Amanda Woo, airasia Super App CEO said, “Customers can expect more fintech offerings on the airasia Super App as we continue to strengthen, innovate and stay relevant in the market through airasia money. Our partnership with PolicyStreet enables us to offer greater options, value and speed in the digital car insurance market. AirAsia has always been about inclusivity. Much like how AirAsia has allowed everyone to fly, airasia money will give the common man accessibility to some of the best financial services available in the market.”

Mohamad Hafidz Mohd Fadzil (Mo), Head of airasia money said, “Our goal is to be a one stop centre for all financial solutions for airasia super app users Partnering with the best online insurance platform, PolicyStreet, we aim to provide simple, easy and affordable insurance service to over 36 million airasia Super App users and car owners. airasia money expansion plan is on track as we will be launching our offerings in Indonesia in Q4 2021, insurance and investment services in Malaysia in Q4 2021 and digital car insurance premium installment plans in Q1 2022. 

The partnership with PolicyStreet allows airasia money to offer comprehensive digital car insurance from top underwriters in Malaysia such as Tune Protect Group Berhad, AXA Affin General Insurance Berhad, Etiqa General Takaful Berhad, Syarikat Takaful Malaysia Am Berhad and many more. PolicyStreet also complements airasia Super App’s strategy with its digital platform powered with API, real-time technology and integration with 10 insurers.

Customers can renew their digital car insurance by visiting airasia.com/money or via airasia Super App. All they need to do is fill in their personal and car details, and get the best deal from over 10 quotations in just 60 seconds. Upon purchase, they will receive the e-Policy via their email within five minutes. For the Roadtax renewal service, airasia money through MYEG, provides home delivery nationwide between 2 and 5 working days. 

Lee Yen Ming, CEO of PolicyStreet said, “We are delighted to be teaming up with airasia and powering up airasia Super App's ecosystem in enabling insurance solutions to all airasia customers. With this integrated solution, airasia customers can seamlessly buy insurance policies at their fingertips. We have also partnered with insurers to bring down the cost of insurance exclusively for airasia customers.”   

PolicyStreet, an online insurance platform, is the first and only InsurTech approved by Bank Negara Malaysia with a Financial Adviser and Islamic Financial Adviser license.

For the latest information and services about airasia money, download the airasia Super App or visit airasia.com/money.