KUALA LUMPUR: Etiqa launched its usage-based “Drive Less Save More” motor insurance and takaful add-on that offers drivers rebates of up to 30% of their premiums or contribution based on vehicle mileage clocked.

       In a statement on Tuesday, it said this optional add-on is free, with rebates paid whenever a claim is made at a customer’s convenience, subject to a minimum of 10 days between each upload.

       The add-on is available to all private car comprehensive drivers.

       Etiqa said the campaign was in recognition that Malaysians have faced tough economic conditions arising from the Covid-19 pandemic,

       With people working from home (WFH) and having restricted mobility due to Covid-19, people are driving less while still having full motor insurance or takaful.

       Despite the pandemic, the risk of cars getting stolen remains the same.

       Etiqa’s “Drive Less Save More” insurance and takaful add-on has been designed to assist Malaysians through their financial hardship by offering customers rebates for reduced mileage.

       Cash rebates is calculated on a daily basis, as a percentage of a customer’s basic premium or contribution (minus no claim discount)

       It added the “Drive Less Save More” add-on is available when purchasing new or renewing motor insurance or takaful.

       To qualify for the rebates, customers just need to submit a photo of their vehicle number plate as well as car odometer via the Etiqa Smile mobile app.

       Subsequently, during the policy or certificate period, customers will need to upload an image of their odometer reading as often as they like, with a minimum gap of 10 days between uploads in order to obtain their rebates.

       The images will be used to determine the mileage driven and to calculate the corresponding rebate amount.

       In a joint statement, Shahrul Azuan Mohamed, CEO of Etiqa General Takaful Bhd and Fukhairudin Mohd Yusof, CEO of Etiqa General Insurance Bhd (pic, below) said:

       Fukhairudin Mohd Yusof, CEO of Etiqa General Insurance Bhd

       “We recognize the fact that there has been a reduction in driving activities during the Covid-19 pandemic, with a significant number of people working from home.

       “Driven by Etiqa’s vision to make the world a better place, we would like to give back to those who have been using their vehicles less by rewarding them with rebates on their motor insurance premium or takaful contributions. After all, by driving less we can also do our part to save the environment,” they said in the statement.

       A newly signed-up customer, Nur Anis Suhaila described “The Drive Less Save More function from Etiqa is really a value added service. Perfect for times like these when all Malaysians are facing economic challenges.

       “The 30% rebate is no small amount, and getting the rebate is a simple matter of taking some photos and sending it over at my covenience. It takes a little effort for a decent rebate.”