As Malaysians begin to enjoy more liberties such as being allowed to travel interstate, get a haircut and commence outdoor activities amid the Recovery Movement Control Order (RMCO) in effect, homegrown e-wallet Boost collaborates with its sister company Aspirasi to launch ‘Aspirasi Protect’, a 7-day insurance cover at only RM1.50 and comes with COVID-19 Assist.
The micro-insurance plan by Aspirasi provides affordable, accessible and on demand protection to give Malaysians a secure boost of confidence as the country eases restrictions.
With just RM1.50, the ‘Aspirasi Protect’ 7-day insurance coverage offers up to RM37,500 for accidental death of various causes, RM12,500 for critical illness protection for major head trauma or coma, and RM5,000 bereavement benefit upon accidental death.
Keeping in mind that COVID-19 would most likely remain a threat for a long period of time, the plan comes with additional financial assistance in the form of RM200 daily hospitalisation cash assistance upon diagnosis of COVID-19 up to a maximum of 60 days of hospitalisation and RM20,000 financial assistance upon fatality due to the virus. The COVID-19 Assist is an additional financial assistance programme offered by Great Eastern Life Assurance (Malaysia).
As a way to encourage users to obtain insurance coverage and protection, Boost will be offering 100% cashback for users who enrol for the 7-day insurance plan from now until 15 July. Users can sign up in-app under the ‘Boost Protects’ tile by clicking to enrol via the ‘Aspirasi Protect’ micro-site. From there, simply enter your personal details and make a payment with Boost to get covered for a week.
To be eligible for ‘Aspirasi Protect’, users must be aged between 18 – 69 years and must be a Malaysian citizen or permanent resident in the country. The insurance coverage is underwritten by Great Eastern Life Assurance (Malaysia). Please refer to the policy document and product disclosure sheet for the full terms and conditions for ‘Aspirasi Protect’.