Renewing roadtax and purchasing insurance have always been a hassle for some Malaysians. Adding on to that, the pandemic situation did not help the situation as the Road Transport Department (JPJ) counters have been close during the MCO period. To help out road users to overcome the issue, Zurich General Insurance Malaysia Berhad (Zurich General Insurance) is collaborating with Finology Sdn Bhd (Finology) and their affiliate partner PayLink Global (M) Sdn Bhd (Payquik) to provide road tax renewal services and motor insurance purchase via Payquik’s network of kiosks which are the first of its kind in Malaysia.
With this collaboration, road users in Malaysia will be able to renew their road tax and purchase motor insurance for their cars and motorcycles with convenience. There will be approximately 250 Payquik kiosks available nationwide located primarily in the offices of utility companies, shopping malls and government buildings so Malaysians can access them while running errands such as paying bills or grocery shopping.
According to the 2018 statistics from JPJ, there are about 29 million registered vehicles in Malaysia. Out of this, only 19 million vehicles renew its road tax every year and about 95% of those with expired road tax are motorcycles.
The latest collaboration is a joint effort to promote financial inclusion and offer Malaysians comprehensive coverage while on the road. In 2019, Zurich and Finology collaborated to offer customers end-to-end online insurance quotation and purchase services via Finology’s platform loanstreet.com.my.