KUALA LUMPUR (April 13): Touch ‘n Go Group's TNG Digital Sdn Bhd, the owner and operator of Touch ‘n Go eWallet, has now established GOprotect, a platform where users can purchase various types of insurance offerings through the eWallet app.

In a statement on Thursday (April 13), the company said GOprotect offers six insurance products, namely WalletSafe, SafeTrip, SafeHome, CarInsure, CI Insure, and MotoInsure to cover various customers’ needs.

The company said with GOprotect, users can purchase an insurance plan in less than three minutes after comparing quotes from leading insurance partners such as AIA Malaysia, Allianz, Etiqa, MSIG, Takaful Ikhlas, Takaful Malaysia, and Zurich Takaful.

“Touch ‘n Go eWallet already has more than two million policies issued since the launch of its first insurance product in July 2021. In 2022 alone, we managed to issue 1.5 million policies and we plan on doubling the number of policies this year.

“We will continue to improve the overall insurance penetration, especially amongst the B40 group, which is still very low at only 30%. By working closely with our trusted insurance partners, Touch ‘n Go eWallet will introduce more value-for-money insurance products in the near future,” said Alan Ni, chief executive officer of TNG Digital.

He added Touch ‘n Go eWallet has always envisioned becoming a one-stop alternative to banking solutions, providing its users a platform to access a full suite of financial services products.

“We are one step closer to that vision with the launch of GOprotect today. We will continue to build that pipeline by working with various partners to grow our financial services offerings which will benefit and add value for our users,” he added.