KAOTIM, the digital platform and brand managed by Takaful Malaysia has launched its new online protection plans, Kaotim Car and Kaotim Motor, which are designed to offer comprehensive private car and motorcycle coverage, affordability and convenience.
With the aim to provide easy and accessible solutions for drivers and motorcyclists to protect their vehicles online with just a few clicks, the Kaotim Car and Kaotim Motor enable customers to subscribe within minutes and choose add-on benefits tailored to their protection needs and budget.
“The launch of Kaotim Car and Kaotim Motor is part of our strategic move to strengthen our presence in the retail direct business and capitalise on the motor insurance and takaful industry, which has seen upward growth, driven by an increase in vehicle sales,” said Takaful Malaysia Group CEO Nor Azman Zainal.
“We aim to enhance our footprint in the digital insurance and takaful space while addressing the evolving needs and expectations of today’s vehicle owners.
“We are excited to introduce Kaotim Car and Kaotim Motor, the latest additions to the product offering under our digital brand and online platform, Kaotim.
“These new online products provide vehicle owners with comprehensive protection that is affordable and easily accessible via a mobile-friendly platform to receive fully customisable quotations and coverage.”
Kaotim Car provides comprehensive private car coverage against various risks, including accidental damage, fire damage, theft, third-party liability, and property damage.
Offering 24-hour roadside assistance with complimentary unlimited breakdown towing and personal accident cover for drivers and passengers, Kaotim Car allows customers to tailor their protection and opt to enhance their coverage at an affordable cost.
With 11 flexible add-on benefits, including Motor PA Plus, which provides additional coverage against death or permanent disablement due to a road accident, customers have the control to customise coverage to suit their needs.
Meanwhile, Kaotim Motor is a comprehensive motorcycle coverage against accidental damage, fire damage, theft, and liability to a third party for death and bodily injury and property losses or damages.
Providing 24-hour roadside assistance with a complimentary one-time breakdown towing, Kaotim Motor lets customers enhance their coverage with a choice of four add-on benefits, including Bike PA Plus – a personal accident cover that provides additional coverage against death or permanent disablement due to a road accident.
“With Kaotim Car, customers can benefit from an interest-free contribution (premium) instalment plan, a 10% instant discount, and complimentary personal accident coverage of RM15,000 per person covered,” said Nor Azman.
“On the other hand, Kaotim Motor provides an instant 10% discount, complimentary one-time breakdown towing, and coverage for all authorised riders. These features are subject to applicable terms and conditions.”
According to Nor Azman, the introduction of Kaotim Car and Kaotim Motor marks another milestone in the Group’s strategy to introduce more protection plans, leveraging their advanced online platform and seamless transactions to meet the evolving lifestyles of consumers.
“Recognising that insurance and takaful for cars and motorcycles continue to represent a dominant share of the general insurance and takaful market in Malaysia, and in celebration of our 40th anniversary, we are well-positioned to stay competitive in the industry through our comprehensive and affordable online protection plans while maintaining a balanced portfolio mix of our motor and non-motor businesses,” he added. – Oct 14, 2024
