We buy insurance coverage for ourselves, our loved ones and our property with the hope that we never have to make a claim. But when the worst does happen – an accident, hospitalisation or loss/damage of property – then we are glad that we spent some money for the insurance.
Unique insurance coverage
The Touch ‘n Go Group has recently launched ParkInsure, a first-of-its-kind Personal Accident insurance/takaful which offers coverage when the Touch’nGo (TnG) card has been used for entry to a parking site. While the insurance compensation covers personal injuries or accidental death (as Personal Accident policies usually do), ParkInsure also covers personal losses and also damage or losses related to the TnG user’s vehicle.
The benefits of ParkInsure include reimbursement of up to RM70,000 for permanent disablement or accidental death caused by accident. Should you be unfortunate to be a snatch theft victim, then there is compensation of up to RM1,500. There is also reimbursement of up to RM1,500 for forcible car break-ins where property is stolen or damaged.
Reimbursement for loss of key
As for damage to the vehicle, there is a key reimbursement fee of up to RM200 should the vehicle key be stolen or damaged during the period of coverage. Additionally, under the conventional plan, TnG users will be given a transport reimbursement fee of up to RM200 should there be transportation charges incurred for admission to the hospital due to accidental as a RM10 reimbursement fee, should users lose their enhanced TnG card due to a snatch theft.
Use TnG eWallet for parking payments in KL/Putrajaya and 5 states
Separately under the takaful plan, users will be given an inconvenience benefit reimbursement of up to RM200 should their vehicle be damaged due to an accident. In all the instances mentioned, ParkInsure coverage is only valid while the vehicle is within the carpark compound and the TnG card was used for entry (and payment, of course). There are currently more than 1,350 TnG payment-enabled parking sites nationwide where ParkInsure would be applicable.
RM5 a month
Given its huge base of users, TnG can offer the ParkInsure coverage for RM5 a month, with the subscription done easily via GOprotect, the digital insurance/takaful hub on the TnG eWallet. They can opt for takaful underwritten by Zurich General Takaful Malaysia Berhad or conventional insurance underwritten by Allianz Malaysia Berhad.
“ParkInsure is unique in the sense that it is a value-added service of the Touch‘nGo card, expanding its utility beyond mobility purposes such as parking, transit and tolls,” said the CEO of TNG Digital Sdn Bhd, Alan NI. “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’nGo card users within any carpark compound where Touch‘nGo card payments are enabled.”
Mr. Ni gave assurance that users will have a hassle-free claim process through the 24/7 insurers’ claim hotline. Besides being able to subscribe their insurance/takaful plans conveniently, they can also keep track of the policies/certificates in an organised manner through the “My Policies” tab on their TnG eWallet app.