PolicyStreet Shifts Gears with Drive+ Membership, Fueling Big Savings for Malaysian Car Owners

PolicyStreet launches its first customer loyalty programme, Drive+ Membership, boosting road tax discounts from up to 70% to up to 80% for all cars and introducing new benefits for Malaysian drivers.

KUALA LUMPUR, Malaysia,Feb. 3, 2025/PRNewswire/ -- PolicyStreet,Malaysia'shomegrown insurtech company, is shifting gears with the launch of its first-ever customer loyalty programme,Drive+ Membership.Designed to put Malaysian drivers in the fast lane of savings and convenience, the Drive+ membership features benefits such as an 80% discount on road tax, waived handling fees, 0% interest flexible payment options, and exclusive loyalty rewards.

"The Drive+ Membership is our way of enhancing the value we bring to our customers. While we continue to uphold our'Cheapest Road Tax in Town'promise, the Drive+ Membership aims to empower drivers with practical benefits that ease the financial stress that comes with owning and maintaining a car,"saysYen Ming Lee, Co-founder and Group Chief Executive Officer of PolicyStreet.

The Drive+ Membership brings game-changing benefits, transforming car insurance and road tax renewals into a smoother, more affordable experience. These benefits include:

1. Discount of up to 80% on Road Tax (Capped atRM72)

Members can enjoy anRM72discount on their road tax, available for immediate use.

2. 0% Interest Instalments with Flexible Payment Options

Spread the cost of car insurance renewals effortlessly with PolicyStreet's interest-free Easy Payment Plan.

3. Free Road Tax Renewal Handling

Members saveRM15with complimentary handling fees for both digital and physical road tax renewals.

4. Priority Concierge Service

Members can enjoy prioritised support for car insurance renewals and product-related enquiries.

5. Loyalty Rewards for Renewals

Members are entitled toRM20off their next car insurance renewal with PolicyStreet.

6. Claims Submission Assistance

Members can get personalised, step-by-step guidance to streamline their car insurance claims processes.

Launching at an exclusive price ofRM39.90(Normal Price:RM99.90), the annual Drive+ Membership will officially replace the current"Betul-Betul Cheapest Road Tax"promotion starting12 February 2024at8 PM. Until then, customers can still take advantage of the existing deal, which includesFREE road tax for selected Proton and Perodua models and up to 70% discounts for other car models—no membership required. After the launch, Drive+ Membership will be the gateway to accessing road tax discounts and other added privileges.

"Our Drive+ Membership benefits mark the beginning of a larger effort to deliver even greater value to our customers. We are actively working to expand our network of partners to provide more meaningful savings—not just during car insurance and road tax renewals, but throughout their everyday driving and car ownership journey. This reflects our unwavering commitment to enhancing Malaysians'financial resilience and simplifying their experience with insurance renewals,"saysYen Ming Lee.

In addition to the Drive+ Membership, PolicyStreet has introduced a series of exclusive benefits, available only through its car insurance renewal platform. These additional perks allow users to customise their coverage according to their needs and budget, offering targeted benefits beyond standard protection. Priced atRM16.90each, these services include:

• Kid-Friendly Interior Hygiene Protection:Claim up toRM100for labour costs to clean the car interior due to a child's vomit, urine, or faeces.
• Pest Control Protection:Claim up toRM300for labour costs of pest removal, vehicle fumigation, and sanitisation of the car interior due to pest issues.
• Bird Droppings and Tree Sap Coverage:Claim up toRM200for labour costs of cleaning, repainting, chemical treatment, and polishing of the car exterior due to damages caused by bird droppings and tree sap.

Starting 12 February at8 PM, customers can grab their Drive+ Membership and add-ons at checkout when renewing car insurance and road tax oncar.policystreet.com. Join Drive+ and unlock long-term savings and perks that go beyond just road tax discounts!

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For the complete media kit with visual assets and spokespersons'photos, please click the link HERE.

About PolicyStreet

PolicyStreetis a regional full-stack insurance technology (insurtech) group of companies providing cutting-edge digital insurance solutions to businesses and consumers inSoutheast AsiaandAustralia.

PolicyStreet works directly with over 40 life, general insurers and Takaful providers globally to offer a comprehensive range of products and services, which includes but is not limited to embedded insurance, customised employee benefits, financial advisory and aggregation of insurance, as well as the development of digital solutions to make insurance purposeful and simple for businesses and consumers.

As a licensed Reinsurer, General Insurer and Takaful Operator by the Labuan Financial Services Authority (LFSA), an approved Financial Adviser and Islamic Financial Adviser by Bank Negara Malaysia (BNM), and a licensee of the Australian Financial Services License by the Australian Securities and Investments Commission (ASIC), PolicyStreet is able to underwrite, customise policies, and provide unbiased advice to its clients and partners worldwide.

PolicyStreet is backed by the Malaysian sovereign wealth fund, Khazanah Nasional Berhad, and serves over 5 million customers with overUS$ 10 billionin sum insured. In 2024, PolicyStreet was recognised as"Fintech of the Year"at The Asset's Triple A Digital Awards and was the winner of the Fintech Excellence Award for Financial Inclusion at the Singapore Fintech Festival endorsed by the Monetary Association ofSingapore(MAS). The company was also ranked as the second-highest Malaysian company in the"High-Growth Companies inAsia Pacific2024"list by Statista and The Financial Times.

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SOURCE PolicyStreet