Malaysia: Etiqa partners with Maxis to offer UBI plan
Source: Middle East Insurance Review | Dec 2017
Etiqa, Maybank’s insurance and takaful unit, has teamed up with Maxis Bhd to offer a usage-based insurance (UBI) plan that offers greater cost savings and business efficiency for their customers.
The plan will leverage on Etiqa’s wide-range of general insurance premium offerings and the strength of Maxis mDrive as a proven vehicle tracking solution. “mDrive, along with this UBI programme, enables businesses to monitor the location of their vehicles at anytime, anywhere and ensure it is where it should be. By tracking their vehicles, businesses can ensure the timely delivery of goods and services and thus improve customer satisfaction,” said Etiqa and Maxis in a joint statement.
“The UBI programme also allows monitoring and analysing of driver behaviour. It generally encourages drivers to be more careful on the road and reduces the possibility of an accident happening,” the statement added.
The better driving habits also bring additional benefits in terms of fewer traffic summonses as well as a significant reduction in fuel costs. Eventually, businesses can potentially enjoy significant cost savings as a result of better insurance premiums. M