Touch ‘n Go Launches ParkInsure, A First-Of-Its-Kind Off-Street Parking Insurance

Touch ‘n Go Launches ParkInsure, A First-Of-Its-Kind Off-Street Parking Insurance

Touch ‘n Go Group has launched a first-of-its-kind Personal Accident insurance/takaful, ParkInsure for users who utilise the Touch ‘n Go card for entry to parking sites. 

The scheme charges a premium of only RM5 per month. Affordability is key as it is for all Touch ‘n Go card users.  Subscription is via GOprotect, the digital insurance/takaful hub on Touch ‘n Go eWallet.

Customers can also opt for takaful underwritten by Zurich General Takaful Malaysia Berhad. Allianz Malaysia Berhad will be the underwriter for the conventional insurance.

Read More: Touch ‘n Go Also Offers CI Insure, MotoInsure

Coverage for accident, snatch theft, car break-ins

“We are pleased to introduce our latest insurance/takaful product on GOprotect, which provides personal accident insurance/takaful protection for our users who use the Touch ‘n Go card for payment at parking sites.

“ParkInsure is unique in the sense that it is a value-added service of the Touch ‘n Go card, expanding its utility beyond mobility purposes such as parking, transit and tolls,” said Chief Executive Officer of TNG Digital Sdn Bhd, Alan Ni.

ParkInsure offers the following coverage:

  • reimbursement up to RM70,000 for permanent disablement or accidental death caused by accident while within the car park compound
  • snatch theft inconvenience benefit of up to RM1,500 for snatch theft cases within the car park compound
  • reimbursement of up to RM1,500 for forcible car break-ins within the car park
  • reimbursement up to RM200 should the car key be stolen or damaged under coverage

“No matter how careful or vigilant people are, mishaps and unforeseen circumstances can happen, and they need to have adequate financial resources to get the necessary help at the crucial time.

“ParkInsure is customised to provide insurance/takaful protection specifically to Touch ’n Go card users within any car park compound where Touch ‘n Go card payments are enabled,” added Ni.

Users can subscribe to the plan via GOprotect in less than 3 minutes after selecting their takaful or conventional plan.

Get free weekly money tips!

*Free of charge. Unsubscribe anytime.