Top 5 Travel Insurance Plans For Travel in Asia

It can be disheartening to be the only one patiently waiting at the baggage hall only to realise that your belongings have been left on a different flight by mistake. For every smart traveller, there is one essential item to pack – the right travel insurance plan. A comprehensive travel insurance policy will protect you from unexpected mishaps or illness, allowing you to make claims for overseas hospital bills, missing luggage, injury to people under your care, or even accidental death.

Choosing the ideal policy

How do you make sure you are getting the best-value travel insurance policy? Below are some criteria that should be considered:

Don’t break the bank paying for an expensive travel insurance plan that has coverage for things you don’t necessarily need, such as pet care and golf equipment benefits, especially if you are planning to have a long holiday. If you do in fact have pets, leave them with the neighbours!

Most travel insurance companies offer policies for different categories: individual, couple, and family. The individual policy covers only one person, while the couple policy covers a pair of husband and wife. A family plan, on the other hand, is designed to protect the insured person, the spouse, and their children. It will be cheaper to fit all your family members into a family travel insurance plan than to purchase one policy for each of them.

Should you buy a single trip or an annual plan? The answer is easy. If you are a frequent traveller, or have work that requires you to fly often, get yourself an annual plan – it will save you hundreds of ringgits on premiums. An annual plan, known also as a multi-trip policy will provide protection for all the travelling you do in a calendar year, subject to limits on the length of each trip.

Extra coverage – Whether you’re planning to go skiing at the world renowned Swiss Alps, or scuba diving in the clear waters of the Carribean sea, some policies can provide additional coverage for the more hazardous and risky activities.

Top 5 Travel Insurance to Travel in Asia

So without further ado, let’s take a look at what these plans have to offer!

Tune Insure AirAsia One-Way Travel Protection

Premiums
: As low as RM7.50

Package:
 Individuals only

Tune Insure AirAsia One-Way Travel Protection is designed exclusively to offer travel protection for guests who have purchased one-way flight tickets from AirAsia or AirAsia X online via airasia.com. This insurance covers you from death or permanent disablement caused by accident and travel inconvenience such as delayed luggage and flights. Unfortunately, this insurance does not allow you to claim for medical expenses caused by an illness while overseas.

As your insurance policy is attached to your AirAsia Travel Itinerary, if you do decide to purchase a return ticket, your policy will then be replaced with the
Tune Insure AirAsia Return Travel Protection
. Bear in mind that the premium will be higher, but you will have additional protection.

The good:
 Low premiums; Online purchase; No extra costs

The bad:
 For individuals only; Max 30 days coverage; No medical expenses benefit

Etiqa World Traveller Care Platinum

Premiums:
 As low as RM14.50

Package:
 Individual, couple, and family

Etiqa World Traveller Care Platinum stands out with one of the highest sum insured for personal accident benefits, with reimbursements of up to RM1,500,000 for the family plan. In general, this insurance not only offers great personal accident benefits, it also offers good coverage of medical related expenses of up to RM1,500,000 and travel inconvenience coverage of up to RM2,000,000.

The good:
 Highest Personal Accident coverage; Early cancellation with full refund

The bad:
No domestic annual plan

AXA Affin Smart Traveller Plan VIP

Premiums:
 As low as RM35

Package:
 Individual and family

AXA Affin Smart Traveller Plan VIP covers most travel inconveniences you may encounter during your trip – and even ones that you probably wouldn’t such as ransom payments for kidnap and hostage situations for up to RM100,000 per person. AXA Affin also understands that coverage for personal accident and medical related expenses are just as important, with coverage of up to RM900,000 for each.

The good:
 Highest Travel Inconvenience coverage; Early cancellation with full refund

The bad:
 High premium

Kurnia Travel Supreme Plan A

Premiums
: As low as RM16

Package:
 Individual and family

With only RM112, you can purchase an annual travel insurance plan with Kurnia’s Travel Supreme Plan A, making it one of the cheapest choices in the market for muti-trip coverage across Asia. Additionally, this travel insurance will pay out for any loss of limbs or eyes due to an accident for up to RM100,000 per person – a rarity for travel insurance plans.

This insurance also covers you for other unexpected events that may occur during your travels such as an illness or travel inconvenience related matters such as luggage delay and flight delay. Unfortunately, the annual plan is for individuals only.

The good:
Low premiums for multiple trips

The bad:
No family annual plan

Hong Leong Mach Travel Insurance

Premiums:
 As low as RM32

Package:
Individual, couple, and family

Not only will the Hong Leong Mach Travel Insurance provide total cover for personal accidents, but it will also include financial support for a child education fund upon the accidental death of an insured parent. Other extra benefits featured in this policy would include child care, one way cover for students studying abroad, and reimbursement for acts of terrorism and hijacking.

Depending on your age, the premium for the Asia annual plan will vary. If you are between the ages of 18 to 69, you will have to pay only RM230. Otherwise, you will be paying a maximum of RM290.

The good:
 Extra travel benefits; High age limit

The bad:
 High premiums; No family annual plan

Want to know more about travel insurance? Welcome on board, take a seat and dive head first into our
travel insurance guide
. Not your cup of tea? Some credit cards will provide automatic travel coverage if you use them to pay for your travel arrangements. Do check out the credit cards with the
best travel perks and benefits
.

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About THE AUTHOR

Winnie Wu

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Touch ‘n Go Launches Weekly Cashback Voucher Campaign, Offers Guaranteed Vouchers Worth Up To RM10

Starting from today until 28 June 2020, Touch ‘n Go eWallet users can earn weekly cashback vouchers when they spend a minimum of RM10 in their first transaction of the week using the e-wallet. Each voucher awarded will be worth up to RM10.

The Weekly Cashback Voucher promotion will be offered on a first-come, first-served basis, with the eligibility count reset on every Monday at 12.00am. In other words, you can begin earning your weekly vouchers starting Sunday midnight/Monday early morning. However, each user is limited only to one cashback voucher each week throughout the promotion period. Touch ‘n Go has also capped the voucher rewards at 2 million transactions each month.

You can earn these vouchers through selected transactions, namely parking, prepaid and postpaid payments, specific bills, movies, flights, e-commerce purchases, and over-the-counter payments. Transactions such as bill payments for Telekom Malaysia (TM), money transfers, e-wallet reloads, and PayDirect payments will not be eligible for the campaign.

The vouchers that are awarded will be randomly selected from a variety of services offered in the app, such as parking, prepaid and postpaid payments, movies, e-commerce deals, and over-the-counter payments. Users may also receive merchant vouchers, including deals from Tealive, Salad Atelier, and more.

To access your cashback vouchers, just tap on the “My Rewards” tile on the home screen of your Touch ‘n Go eWallet app. If your transactions are eligible for the campaign, you will receive your vouchers immediately once the payment is successfully completed. You can use the vouchers for your next purchases.

Note, too, that these vouchers are only valid during the promotion period. Any unused vouchers will expire after 28 June 2020. The cashback vouchers may also have their own terms and conditions for use, such as minimum spend required and others, so you should check for those.

For more information about the
Touch ‘n Go’s Weekly Cashback Voucher campaign
, head on over to its website.

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About THE AUTHOR

Alex Cheong Pui Yin

Alex Cheong Pui Yin

Previously covered recruitment-related stories and had a short stint as a copywriter for the property industry. She subsequently developed an interest in investment and robo-advisors.

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    Russell

    3 years ago

the TNG FAQ etc is not helpful as it does not clearly explain how these vouchers can been redeemed and use because the app does not proceed with any buttons to activate the vouchers

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    King Kong (@sexxfun)

    3 years ago

I have almost lost all my hair on how to use the vouchers! The RM10 voucher has not been deducted for retail transactions! Does anyone know?

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HSBC To Phase Out Physical Security Device By 8 June 2021

Come 8 June 2021, HSBC will be phasing out the use of its physical Security Device, replacing it with the Mobile Secure Key feature instead. With this update to its security feature, the bank hopes to offer its customers a more seamless and convenient mobile banking experience.

“From 8 June 2021, you won’t be able to access the HSBC Malaysia mobile banking app without activating the Mobile Secure Key. You can still use online banking, via browser only, if you don’t use the Mobile Secure Key,” clarified the bank in its
FAQ
.

For context, the Security Device is a separate physical gadget that was previously provided to HSBC accountholders so that they can authorise their internet banking transactions. Designed like a mini calculator, users use it to generate a one-time security code, which is then keyed in to approve their online payments.

In October 2020, meanwhile, HSBC rolled out the
Mobile Secure Key feature
, which is essentially a digital version of the Security Device. It is housed within HSBC’s mobile banking app, enabling users to generate security codes and approve transactions on the app itself – thereby making the process more convenient and secure. It also uses upgraded security technology to ensure that you are the only person who can access your accounts, including biometric authentication such as fingerprint and facial recognition.

During the initial rollout of this feature, customers were still allowed to access their accounts and verify their transactions using both the Security Device and the new Mobile Secure Key. However, it also emphasised that the bank was already in the process of phasing out the Security Device, and that all customers were encouraged to activate their Mobile Secure Key instead.

You can find out more about
HSBC’s Mobile Secure Key
 on the bank’s official website.

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About THE AUTHOR

Alex Cheong Pui Yin

Alex Cheong Pui Yin

Previously covered recruitment-related stories and had a short stint as a copywriter for the property industry. She subsequently developed an interest in investment and robo-advisors.

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Luno Sees More Than Seven-Fold Increase In Female Users From 2020 To 2021

(Image: The Malaysian Reserve/Razak Ghazali)

Cryptocurrency exchange Luno has observed a significant hike in the number of its female users, increasing more than seven-fold from 16,000 in 2020 to more than 120,000 in 2021. This hints at a positive trend of digital asset investment among women in Malaysia, as well as growing financial awareness and inclusion within this segment.

In line with the growth of its female userbase, Luno said that the transaction volume of female users also increased by twelve times year-on-year (YoY), from RM170 million to over RM2 billion. Most of these transactions were performed to buy cryptocurrencies for investment, while a smaller group transacted for the purpose of trading, sending and receiving, as well as payment.

Luno’s data also indicated that users aged between 30 to 39 years old were the most active in terms of transacting on the platform (33%), followed by those who in the age group of 25 to 29 years old (25%), 18 to 24 years old (17%), and 40 to 49 years old (16%). Additionally, these female users came from diverse career backgrounds – including education, healthcare, accounting, administration, and manufacturing – as opposed to being limited to individuals who worked in the financial or fintech industry.

The marketing manager of Luno Malaysia, Scarlett Chai said that it is heartening to see more Malaysian women taking an interest in digital assets. “Digital assets offer opportunities to improve on the traditional financial system. For women, this new financial system can mean financial inclusion and empowerment to harness their value,” she commented in a virtual press conference, adding that it can also help them to achieve financial independence.

Chai also said that Luno is committed to creating a safe space for women to learn about digital assets. “As women become involved in digital assets, there’s a huge opportunity for companies to create a truly inclusive and equal platform. We have seen before that when women lead, the interests of marginalised groups are more likely to be considered. This is a chance for parity in female representation and better inclusion for all,” she further stated.

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Alex Cheong Pui Yin

Alex Cheong Pui Yin

Previously covered recruitment-related stories and had a short stint as a copywriter for the property industry. She subsequently developed an interest in investment and robo-advisors.

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Boost E-wallet App Will Be Down Tonight Until 2pm Tomorrow For System Upgrade

The Boost e-wallet app will be offline for a system upgrade starting tonight at 11.30pm until tomorrow (11 June) at 2pm.

During the scheduled upgrade, all Boost services will be unavailable, including all payment functions, wallet top ups, and voucher purchases via the app. Therefore, users are reminded to plan out their Boost transactions as well as complete all activated Boost missions beforehand.

After the upgrade is completed, Boost users should update the app to access its new functions and improvements.

The popular e-wallet app is available on both
Android
 and
iOS
.

(Source:
Boost
)

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Hayatun Razak

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Malaysia’s Household Debt-To-GDP Ratio At End-2021 Improves From Record High 93.2% In 2020

(Image: Bernama)

Bank Negara Malaysia (BNM) reported that Malaysia’s household debt-to-Gross Domestic Product (GDP) ratio has settled at 89% as at December 2021 – a decline from the ratio of 89.6% recorded in June 2021. It is also an improvement from the record high household debt-to-GDP ratio of 93.2% that was logged back in December 2020.

Revealed in the
Financial Stability Review for the second half of 2021
, BNM said that stronger nominal GDP was a major contributor to the lower household debt-to-GDP ratio. Despite the improvement, Malaysia’s debt-to-GDP ratio remained higher than other economies in the region, such as Singapore (69.7%), Indonesia (17.2%) and the Philippines (9.9%).

In addition, the central bank stated that household debt as at December 2021 grew at a slower rate of 4.1% year-on-year (y-o-y), as compared to 5.5% as at June 2021. This is due to the reimplementation of Covid-19 containment measures in the third quarter of last year.

(Image: European Pressphoto Agency/Ahmad Yusni)

BNM also noted that the growth in debt was largely driven by housing loans, with more Malaysians tapping into the incentives offered under the Home Ownership Campaign. Launched in January 2019, the campaign was introduced to encourage home ownership by offering various incentives, including a full or partial stamp duty exemption and a 10% discount on the house purchase price. It was subsequently extended several times since then, before ending on 31 December 2021.

Besides that, BNM reported that personal financing as well as outstanding credit card debt decreased by 0.3% and 1.3%, respectively, as people spent less during the movement control order period.

The central bank also said that bank lending to households was sustained at 4.3% y-o-y growth in the second half of 2021, adding that 71% of the borrowers earn more than RM5,000 in monthly income. Additionally, the median Debt Service Ratios (DSRs) of newly-approved and outstanding loans were maintained at 44% and 35%, respectively.

“Around two-thirds of new loans approved in 2021 had DSRs below 60%, little changed from the share before the pandemic. Overall, the share of borrowers with DSRs exceeding 60% has also remained stable at around a quarter of total household borrowers,” said BNM, adding that 67% of the borrowers with DSRs of more than 60% have a monthly income of more than RM5,000 – putting them in a better position to repay loans in the event of financial shocks.

(Image: Malay Mail/Shafwan Zaidon)

“Most of these loan accounts continue to be performing with impairment levels among these borrowers remaining low at 0.7%. Forward-looking indicators – such as the share of loans classified by banks to be higher of risk for this segment – however, point to an expected increase in impairments largely in line with trends observed in overall household loans,” BNM further commented.

Aside from that, the central bank also noted that more borrowers – across income groups – have taken up
repayment assistance under the PEMULIH stimulus package
, given its more inclusive enrolment criteria. That said, borrowers with less than RM5,000 in monthly income remained the main beneficiaries of the aid provided, with 60% of new accounts benefitting from the repayment assistance between July and December 2021.

(Source:
The Edge Markets
)

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Nur Adilah Ramli

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Own The iPad Pro, Get RM800 TNG Credit & More This Week

The Unbox This Week credit card campaign is back with exciting gifts you won’t want to miss.

For those who are new to this campaign, Unbox This Week is a weekly event where we present to you fantastic weekly flash deals from our featured bank partners. All you need to do is apply for selected credit cards from these banks of the week through RinggitPlus and you’ll take home some great prizes.

From 25 – 31 October, our featured bank partners are

Citibank, HSBC Bank, Standard Chartered Bank, Alliance Bank, and Public Bank
. So, if you’ve considered applying for a credit card with any of these banks, you know what to do to get more out of your application!

Citibank – iPad Pro

Built with the super fast M1 chip and Liquid Retina display, unlock new levels of productivity and creativity with the Apple iPad Pro! Enjoy plenty of games and apps that can keep you entertained at all hours of the day. Plus, with the 12MP Wide camera and 10MP Ultra Wide camera, your photos are bound to look outstanding.

Don’t worry if you’re not selected, as you will still be guaranteed RM800 Touch ‘n Go eWallet credit for anything your heart desires.

Remember to activate and spend a minimum of eight retail transactions on your new card within 60 days upon gaining approval. Once the bank has confirmed your eligibility with us, you’ll receive instructions from us via email on how you can claim your gift.

Take note, though, that current cardmembers and individuals who have cancelled their Citibank credit cards within a year prior to this campaign do not qualify for this promotion. Otherwise, those who wish to apply for their new Citi credit cards can
head on over here to do so
.

HSBC Bank – RM800 Touch ‘n Go eWallet Credit

Take home RM800 Touch ‘n Go eWallet Credit when you apply for a HSBC Credit Card! Use it to pay your bills, buy movie tickets, purchase meals, and more – the possibilities are endless. Alternatively, if a family member or friend’s birthday is coming, why not share the reward?

Don’t forget to activate and spend a minimum of RM1,000 on your new card within 60 days upon gaining approval to be eligible for this gift. That said, do note that current cardholders and applicants who were denied within six months prior to this campaign, as well as those who have cancelled their HSBC credit cards within six months prior to this campaign are not eligible for our campaign. Otherwise, you can apply for your HSBC credit card
here
.

Public Bank – Fitbit Versa 2

Complete all your health and fitness goals with ease when you win the Fitbit Versa 2! Apply for a Public Bank Credit Card and you’ll get to enjoy the personalised clock faces, long battery life of up to six days, heart monitor, and goal-based exercise features.

For those who are not selected, you will still get a guaranteed JBL Wave 100TWS True Wireless In-Ear Headphones that comes with 20 hours of combined playback, the signature JBL deep bass sound, and more.

All you need to do is complete your application via the RinggitPlus website, get approved by Public Bank, and make an accumulative spend of RM250 within sixty (60) days of approval to be guaranteed this gift. Apply for your Public Bank credit card
here
.

Standard Chartered Bank – Tefal Rice Cooker RK7405

Take home a guaranteed Tefal Rice Cooker RK7405 when you apply for a Standard Chartered credit card. Equipped with a cutting-edge spherical bowl and Fuzzy Logic Artificial Intelligence, making rice isn’t only more convenient, but more evenly cooked like those cooked in traditional woks thanks to its excellent heat circulation.

Just remember, you will need to activate your card within 30 days upon approval to be eligible for this gift. Lastly, be aware that existing cardholders and individuals who have held a Standard Chartered credit card in the past six months are not eligible for this campaign. If you qualify, then you can apply for your new Standard Chartered credit card
here
.

Alliance Bank – Amazfit T-Rex Pro or Samsung Galaxy Fit2

Take home a guaranteed AmazFit T-Rex Pro or Samsung Galaxy Fit2 when you apply for a new Alliance Bank Credit Card.

Take the AmazFit T-Rex Pro along for all your adventures as it’s equipped with military-grade toughness, 10 ATM Water-resistance, and more. It’s also guaranteed to you when you apply for an Alliance Credit Card with Balance Transfer.

You will receive the Samsung Galaxy Fit2 smartwatch that comes with over 70 watch faces, a 1.1-inch full colour AMOLED display, thin design, and more when you apply for an Alliance Credit Card.

Upon approval, you just have to activate and spend to meet the requirements of the campaign and be eligible to get the prize. Existing cardholders of any Alliance Bank credit card and individuals who have held or cancelled an Alliance Bank credit card in the past six months are not eligible for this campaign. Apply for an Alliance Bank Credit Card
here
.

***

Finally, be sure to start your application with our WhatsApp chatbot so that your eligibility is guaranteed, and we can always be at hand to help you when you need us.

While this week’s flash deal ends on 31 October (11am), do follow us on our
Facebook page
 to receive the latest Unbox This Week offers as we refresh the deals every week.

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Lisa Ameera Azman

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RHB Introduces New Joy@Work Salary Crediting Account Programme With Interesting Perks

RHB has introduced Joy@Work, a salary crediting account programme that offers a range of financial privileges for accountholders. This includes high interest/profit rates, rebates on financial solutions, as well as lifestyle benefits.

The Joy@Work programme is accessible to both employees who receive their salaries from companies that perform payroll transactions through RHB, and also those whose wages are credited through other banks. Depending on the participating account, it lets you earn up to 2.85% interest p.a. for your deposits. In addition to that, you can enjoy a waiver for the interest on instant cash when applying for new RHB credit cards.

Other benefits that you can also enjoy through RHB’s Joy@Work programme include:

Upfront discounts and preferential rates on personal and mortgage financing

Competitive rates for Amanah Saham Bumiputera (ASB) financing

Special offers for Private Retirement Scheme (PRS) for a limited time

Special packages for will writing and Islamic estate planning services

Exclusive financing package for accountholders who wish to change or upgrade their vehicles, with rates as low as the base rate (BR) + 1.59%

Waiver of credit and debit card fees

Max Personal Accident policy with a discounted premium for personal accident benefits of up to RM1 million

Other discounts and promotions offered by RHB’s partners

To enrol in this programme, your nett monthly salary deposited for the programme must be a minimum of RM2,500 (private sectors and non-government organisations) or RM2,000 (government agencies). It must be credited into one of the following eligible accounts:

Premier current account/-i (for Premier customers only)

RHB Smart account/-i

RHB Saving account/-i

MaxSave account

Bonus Saver account

Basic saving account/-i and basic current account/-i

Active RHB current or saving account/-i

Note also that if you fail to maintain a monthly deposit for three consecutive months, your enrolment in the Joy@Work programme will be terminated.

For non-RHB customers who are interested in joining the programme, you can apply for a participating account online or at one of RHB’s branches. Remember to bring either your latest monthly salary slips or employment letter as a supporting document for the process.

Once your registration is approved, you’ll have to collect your debit card and activate your banking account at a branch, although customers in Klang Valley can also request for a home visit from RHB officers to complete these at their doorsteps. When done, be sure to submit the Letter to Employer provided to your company’s HR department so that your salary will now be credited to your RHB account.

Meanwhile, existing RHB customers with participating accounts can just walk in to any RHB branches, nominate their accounts to join the Joy@Work programme, and submit the Letter of Employer to their HR departments.

(Image: The Borneo Post)

RHB clarified in a statement that Joy@Work is an enhanced version of the RHB Corporate Employee Privilege Scheme (CEPS), which was its previous salary crediting programme with special financial benefits. As such, existing CEPS accounts will be automatically converted to the Joy@Work programme.

RHB aims to grow its payroll base with an additional 120,000 Joy@Work accounts within the next 12 months, with more upcoming features added to it.

(Source:
RHB
,
The Edge Markets
)

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About THE AUTHOR

Alex Cheong Pui Yin

Alex Cheong Pui Yin

Previously covered recruitment-related stories and had a short stint as a copywriter for the property industry. She subsequently developed an interest in investment and robo-advisors.

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Al Rajhi Bank’s Rize Wins Virtual Bank Of The Year Award For Malaysia

Al Rajhi Bank Malaysia’s digital bank, Rize has been crowned the Virtual Bank of the Year for Malaysia in the Asian Banking and Finance Retail Banking Awards 2023.

In a statement, the chief executive officer of Al Rajhi Bank Malaysia, Arsalaan (Oz) Ahmed said that the award is a great achievement for the bank. “We are proud of this win, which places us among the region’s pioneers in the digital banking sector. Being named Virtual Bank of the Year reflects Al Rajhi Bank Malaysia’s efforts to understand consumer needs and provide customers a reimagined 21
st
 century banking experience that meets them where they are today, and where they’re headed,” he said.

Rize – which was
rolled out at the end of 2022
, and officially launched in February 2023 – offers a fully digital onboarding experience for customers who wish to open current and savings accounts. Customers are able to register anywhere and at anytime via their smartphones, without ever needing to step into a physical bank, and the process can be completed in minutes.

Additionally, Rize clients can also apply for personal financing via the mobile banking app, where the funds will be disbursed into their accounts in 15 minutes or less if approved. According to Al Rajhi Bank, this is a first in the market for Malaysia.

Al Rajhi Bank also shared that this Virtual Bank of the Year award is Rize’s second win in 2023. Its first recognition came during the Malaysia Technology Excellence Award 2023 back in May, where it won the Financial Technology award in the Retail Banking category.

Meanwhile, the
Asian Banking and Finance Retail Banking Awards
 is an awards programme that sought to acknowledge and honour outstanding banks and finance companies with innovative retail products, services, and strategies. It is currently in its 18
th
 iteration.

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About THE AUTHOR

Alex Cheong Pui Yin

Alex Cheong Pui Yin

Previously covered recruitment-related stories and had a short stint as a copywriter for the property industry. She subsequently developed an interest in investment and robo-advisors.

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Credit cards with online benefits

(Picture courtesy of of scottchan at FreeDigitalPhotos.net)

E-commerce is becoming
the
 way for many to do business. The convenience is unsurpassed and

the cost savings afforded to sellers through lower overheads helps to drive

prices lower.

You can shop online with any credit card

but what about a little enticement? Some credit cards are now offering

incentives to encourage you to keep on clicking.

For internet shopping junkies

If internet shopping is the way you get

everything from hotel stays to new clothes; you would want to get a card that

rewards you for doing the things you love. The
UOB VOX

card gives an impressive 5% cash rebate for online purchases but this is capped

at RM50 per month. The
Hong

Leong Mach credit card
 also gives cashback for online spends if the

category is one of your chosen (the card’s cashback works on selected

categories which cardholders are allowed to customise). However, the rate is 1%

for online purchases and the cap for all cashback receivable is RM50 per month

as well. The Mach card offers cashback in more spending while the UOB Vox is focused

on online spending.

For the higher income bracket, the
RHB Visa

Signature
 offers 1% uncapped cashback for online spending. Those who do

virtually all their shopping online will benefit from the unlimited

cashback.

The
RHB EVO

also rewards online shoppers with double reward points for every ringgit spent

on e-commerce transactions and bill payments made through the internet.

For the internet savvy traveller

If you’re the frequent traveller who

prefers to book tickets and hotels online; choose a travel card that not only

gives you travel benefits but also a card that understands your travel booking

style. The
CIMB

Enrich Platinum
 and
Gold

Mastercard
 cards are tied-in with MAS. Aside from earning points through

conventional spending methods you can also earn extra points by booking flight

tickets online. Normally you would earn 1.5 Enrich miles for every RM6 spent on

retail transactions but when you book your air tickets through MAS online

booking, you’ll earn one Enrich point for each ringgit you spend.

Similar to the CIMB Enrich cards, the
Maybank

SIA Krisflyer
 allows you to earn extra airmiles. Every RM2 spent on normal

purchases earns you one Krisflyer mile, however if you book for your tickets

online through SIA you will receive 2 Krisflyer miles for every RM2 spent.

For everything else E

E-commerce benefits can be sporadic and

dependant on the card issuer’s agreement with specific online merchants. Online

shopping giants Zalora for instance offer rebates to specific cardholders for a

limited period: Currently, all RHB credit cards get a flat 15% discount on

shopping or an RM20 voucher for purchases of RM100; CIMB cardholders receive

20% storewide or 25% for purchases exceeding RM150; Standard Chartered credit

cards receive 15% storewide as well. As the biggest online fashion destination;

it’s a good rebate if you’re a fashionista (or one in the making).

There are then some issuers who encourage

you to use their online services because it reduces cost for them, which in

turn, benefits you.  All HSBC credit

cards (except those under Islamic Banking) encourage reward point redemption

through their online portal as opposed to calling or heading to a branch. Using

the online method will save you 500 points off the redemption amount on

selected items.

Depending on the kind of online shopper you

are – you may want to consider a card which rewards you for doing what you

love.

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Get More From Your Christmas Feast by Maximising Leftovers

There’s going to be a lot of merry eating at Christmas parties this weekend. Scrumptious pies, roasted meats, and mouth-watering desserts are all the order of the day during the festivities.

It’s not uncommon for guests to find hosts with too much food, more than willing the pack you leftovers to take home. So whether you will be visiting a Christmas party this weekend or throwing one yourself; you might find your fridge stashing some leftover food.

Malaysians are generally reported to
waste a lot of food
. Why not consider maximising leftovers this festive season? Not just to care for the environment but our pockets too.

Here are some tips to making the most of your holiday leftovers.

Pay Attention to Refrigeration

The first thing to do is to make sure your leftovers are properly refrigerated so they will be safe for later consumption.

Cooked food tends to go bad at different rates thanks to the varied ingredients. The general rule of thumb that if frozen in an airtight container at 5 degrees Celsius or below can last for up to 4 days. However, do exercise discretion and check for discolouration, bad smells or funny textures. If anything appears off; it’s probably best to be cautious and throw it out.

The last thing you want in your quest to save more is to find yourself with food poisoning!

To find out more about food storage and safety; you can
read more online
 or check out the
StillTasty app
 for detailed use-by dates for a whole host of foods.

Storing your leftovers well is the first step to maximising it’s use. The second is of course, eating those leftovers!

Reheat or Recook Leftovers in New Ways

Here comes the second part – eating those leftovers! Whilst you can stick to merely reheating your leftovers and having them for another meal; you could also change things up by making all new dishes from the leftovers you have.

Turn roasted meats into sandwiches or fry them in rice for a different taste. Curried and
sambal/rendang
 meats can also be fried with rice or eaten with bread. Side dishes like mashed potatoes or grilled root vegetables can be put into a casserole or pasta/rice bake.

Be careful with cooked vegetables however, these don’t last too long in the fridge and won’t usually hold up to recooking so do check that they are all right before using them in a new dish.

The internet is a treasure trove of recipe ideas for your leftovers. All you need is a quick Google for the leftover food you have on hand and you’ll be spoilt for choice.

Turn Leftover Soup into Something New

Liquid leftovers like curries and stews are usually thrown out as the good bits like meat and potatoes have already been eaten, but not so fast! Did you know you can still make something out of your leftover soup/curry?

Once frozen safely, these liquid leftovers can be reused as the base for a
new batch of soup, as marinades or as the flavouring for stir-fries
. If you have leftover curry; all the better for you because there are so many
possible recipes you could try
.

Reduce Waste and #GetMore for Your Holiday Food Spending

The less food you throw out; the more you do for the environment but if environmentalism doesn’t get you excited – the getting more for your money bit should (you are on RinggitPlus!).

By reusing leftovers you are ensuring that no food paid for goes to waste. If you are eating leftovers from someone else’s spending (such as from a party you attended); you’re saving on the cost of a meal for yourself. However you look at i – you definitely get more!

That said, we of course encourage you to be cautious about food spoilage and safety for consumption because more than saving – health comes first.

If we’ve missed your favourite leftover maximising tip – do share with us in the comments.

Happy Holidays and Happy Eating, everyone!

Did you like learning how to #GetMore from your leftovers in this article? Follow our #GetMore hashtag on your favourite social media channels as we bring you more tips on how you can get more for your money in everything from travel to shopping and dining until the close of 2015. Who wouldn’t like to #GetMore for their money?

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Diana Chai

Diana Chai

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RHB EVO – A Credit Card For Movies, Concerts, And Fun

Is this the only Entertainment Credit Card You’ll Ever Need?

The RinggitPlus Team loves the Cinema, many hours are
wasted
 spent constructively in the office arguing over our top ten films of the year list (number one for 2012 is
The Avengers
 – no question). It’s fair to say that we spend a good deal of time – and most importantly, money – on the Silver Screen.

Which is why we thought we’d tell you about the
RHB EVO Credit Card
. Using this Card to pay for tickets customers can enjoy Cash Back on trips to the Cinema, Concerts, Go-Karting, Bowling and even Paintballing.

Who thought credit cards could be this much fun?

What’s more, if you apply for an
RHB EVO Credit Card
 before 17
th
 April 2013 you’ll enjoy 0% Finance Charges for the first six months.

Apply today
: the crazy folks at RHB are giving 50% Cash Back on Cinema tickets until 18
th
 December 2012.

Terms and Conditions Apply

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Save With MBSB Bank And Stand To Win Exciting Prizes, Open For Individual And Group

It goes without saying that saving is an essential habit that helps to prepare for emergency needs. It does not only benefit individuals but also groups or organisations who need funds to continue operating, such as social organisations, corporate bodies, and even the small and medium businesses out there.

A good example of an emergency is the current pandemic that has presented financial challenges to many Malaysians, be it individually or as an organisation. Now that we are on our way to recovery, the pandemic serves as a lesson to the importance of saving. Now is the best time to start, if you have not already done so.

That said, saving can now be more exciting when you save with MBSB Bank. To encourage more Malaysians to save, MBSB Bank is currently rewarding its customers with great prizes worth more than RM2 million with its Simpan Berganda Menang Bergaya CASA-i Campaign. Read on for more details.

Individual And Non-Individual (Group) Savers Can Participate In The Campaign

What’s exciting about the Simpan Berganda Menang Bergaya CASA-i Campaign is that it is open for both Individual and Non-Individual savers. “Individual” here refers to personal savings account holders, while “Non-Individual” refers to organisational savings accounts such as the ones opened for a school club, association, cooperative, and even a business operation.

To know whether you are eligible for the campaign, you may refer to the table below:

MBSB Bank Simpan Berganda Menang Berganda CASA-i Campaign

Individual Category
Non-Individual Category
– Open to new/existing MBSB Bank customers;
– Aged 18 years old and above;
– Malaysian citizens and permanent residents
   and non-residents;
– Joint Account holders (Individual below the
  age of 18 years old subject  to the account
  being operated by a trustee);
– Malaysian citizens and permanent residents
  under Trustee Account
– Sole Proprietors
– Partnerships
– Association, Clubs, Societies, Schools, Mosques & Religious Body
– Corporative (New)
– Small Medium Enterprise (SME) (New)
– Non-SME (New)

How To Participate

The campaign is open for both new and existing MBSB Bank customers. However, only new MBSB Bank customers under specific groups in the non-individual category such as Cooperative, SME, and Non-SME accounts will be eligible for the campaign.

To participate, you only need to open a savings account or current account with MBSB Bank, then deposit and maintain or hold a certain amount in the account for a stipulated period deemed by the campaign. There is no further action required and winners will be randomly selected via a draw system.

Depending on your eligibility criteria, below are the draw categories that you may be running for when you save with MBSB Bank:

For Individual Category

Monthly Draw
Loyalty Draw (for those who have saved for a minimum of 1 year)
New Savers Draw (New To Bank)
Digital Draw (New To Bank and have opened their account online)
Regional Draw
Special Draw (happening in October 2021, March 2022, and June 2022)
Grand Draw

Consumers must maintain a minimum Monthly Average Balance (MAB) of RM100 to be eligible for Monthly Draw, Loyalty Draw, New Savers Draw, Digital Draw, and Regional Draw.

Meanwhile, to be eligible for the Special Draw, customers must maintain a minimum of MAB of RM3,000 for at least three (3) months. To be eligible for the Grand Draw, customers need to earmark or hold a MAB of RM3,000 for at least three (3) months for each quarter of the year.

For Non-Individual Category

Monthly Draw
Grand Draw

Similarly, for the non-individual category, customers need to maintain a MAB of RM3,000 to be in the running for Monthly Draw. For the Grand Draw, customers need to earmark or hold a minimum of RM10,000 for at least six (6) months before the campaign ends. To be specific, before 1 December 2021 – 31 May 2020.

Exciting Prizes Worth RM2,270,500 Up For Grabs!

MBSB Bank is rewarding its lucky savers with a myriad of prizes and rewards. They include premium vehicles, MBSB Bank e-wallet credits, gift cards, and shopping vouchers, cash prizes, and the latest Apple gadgets!

So, if you want to get your hand on these prizes, simply start saving with MBSB Bank today. The Simpan Berganda Menang Bergaya CASA-i Campaign ends 31 May 2022, so you can still be in the running to bring home one of these prizes.

***

MBSB Bank offers Shariah-compliant banking services for all Malaysians. Your bank deposit is protected by PIDM for up to RM250,000 for each depositor so you can save with peace of mind.

To open a
Current
 or
Savings
 account, you can visit any of MBSB Bank’s branches or better yet, conveniently open an account online. Individual savers get to be in the running for an extra draw; the Digital Draw, on top of the Monthly Draw, New Savers Draw, and more.

For more details about the campaign’s mechanics, prizes, and rewards, visit
MBSB Bank website here
.

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MBSB Bank Simpan Berganda Menang Bergaya CASA-i Campaign

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Sharon Bentley

Sharon Bentley

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SOCSO Protection Scheme For Housewives To Be Available From December 2022

(Image: The Star/Glenn Guan)

Human Resources Minister Datuk Seri M. Saravanan has announced that the Housewife Social Security Scheme (SKSSR) will be made available starting from 1 December 2022.

Through this voluntary scheme, housewives below the age of 55 will be able to enjoy Social Security Organisation (SOCSO) coverage with a contribution of RM10 per month. The scheme requires husbands who sign up to make contributions on behalf of their wives, paying RM120 (per housewife) in advance to SOCSO for a 12-month coverage. Alternatively, housewives can also choose to make their own contributions.

Datuk Seri Saravanan further noted that the SKSSR scheme is currently provided only for housewives. He remarked that the government will conduct a study on extending the scheme to househusbands as well.

(Image: Harian Metro)

“This matter has already been raised in the Cabinet. If we were to follow the culture in Malaysia, the majority of men are in the working class,” Datuk Seri Saravanan said, adding that the government will have no issues extending the scheme to househusbands if the need arises.

The minister also reiterated that SKSSR is a voluntary scheme; husbands are not compelled to contribute for their wives. He stressed, however, that those who do sign up but fail to maintain the contribution will be fined a penalty of RM10,000. This is unless they inform SOCSO ahead of time as to why they are unable to continue contributing to the scheme. “For example, maybe they have lost their source of income or a divorce took place, then they can come forward within 60 days to be exempted,” he explained.

The SKSSR scheme was tabled last month under the
Housewives’ Social Security Bill
, and was
passed in the Dewan Rakyat
 a week after. The scheme provides a range of benefits, including up to RM50,000 coverage for physical rehabilitation, up to RM30,000 benefit for permanent disability, and RM200 monthly allowance for dialysis treatment.

(Sources:
The Star
,
The Edge Markets
)

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Samsung Galaxy Z Fold2 5G In Malaysia: All You Need To Know

Samsung’s futuristic foldable smartphone, the Galaxy Z Fold2 5G, is coming to Malaysia very soon. The third iteration in Samsung’s range of unique folding display smartphones, the Z Fold2 brings about huge improvements from its predecessor, and is priced lower than the original Galaxy Fold.

What’s new on the Galaxy Z Fold2 5G?

One of the biggest strengths of the South Korean company is its ability to take consumer feedback and improve its products at lightning speed. While the Galaxy Fold was unique, it had several areas that could be improved.

For starters, the phone now looks and feels more premium than ever before, thanks to a combination of new hardware combined with new design cues. The sexy Mystic Bronze colourway introduced on the Galaxy Note 20 series makes its way here, as is the matte finish on the back. Meanwhile, the new Cover Screen on the Z Fold2 now spreads across the length of the phone, making it possible to use more efficiently than before. The Cover Screen now measures 6.2 inches across, significantly larger than the 4.6-inch display on the Galaxy Fold.

But unfolding the Z Fold2 is where you’ll find the biggest upgrades. The Main Screen has been given a complete overhaul. The first thing to notice is the tiny punch-hole camera on the display, replacing the Galaxy Fold’s large top-right corner slit. The display is now also using Samsung’s innovative Ultra-Thin Glass instead of plastic.

More importantly, the display technology itself saw a massive improvement: a 7.6-inch Dynamic AMOLED 2X Infinity Flex Display with dynamic refresh rate – a first on any Samsung smartphone. While the recently-launched Galaxy Note 20 Ultra also features a Dynamic AMOLED 2X panel, it does not feature variable refresh rates. On the Galaxy Z Fold2, the display can go from super-smooth 120Hz all the way to 11Hz – a great way for the system to save battery life. Oh, and of course, the Z Fold2 display is foldable.

The Galaxy Z Fold2 also features an improved hinge. With key learning from the previous Galaxy Fold, the Z Fold2 now sports a brand new Hideaway Hinge with CAM mechanism. The hinge unlocks new ways to interact with the Z Fold2, as it is stiff enough to lock in multiple angles including a clamshell/laptop mode called Flex Mode. The software in several apps have also been redesigned to support this new display mode, taking advantage of the extra display space such as intuitively-placed controls in the video player and camera.

According to Samsung, the Hideaway Hinge packs several new technologies to ensure durability and protect the mechanism. These include a new, smaller “sweeper technology” unit located in the gap between the body and hinge housing that repels dust and dirt particles, a modified fibre composition, and an adjusted fibre density.

Specs

As one can expect from a flagship Samsung device, the Galaxy Z Fold2 5G is a beast. With 12GB of RAM and a Qualcomm Snapdragon 865+ chipset, this phone will breeze through running multiple apps simultaneously using Multi-Active Window, as well as heavy-duty apps. A generous 256GB internal storage also means you won’t need to worry about running out of space. Meanwhile, a unique 4,500mAh dual-battery system promises all-day battery life even when pushed hard; and if you need to top up, the phone naturally supports Samsung’s Super Fast Charging.

The Galaxy Z Fold2 also packs a total of 5 cameras. On both the Cover Screen and Main Screen, there’s a dedicated 10MP selfie camera, while the main camera setup is a triple-sensor unit, comprising of a 12MP main dual-pixel sensor, a 12MP ultrawide angle sensor, and a 12MP telephoto sensor. Thanks to the foldable display, you can also easily use the higher-quality main cameras to capture selfies.

As its name implies the Galaxy Z Fold2 5G also includes 5G support and ready for use in Malaysia. Finally, Samsung Pay is an ever-present feature as well, supporting both NFC- and MST-based payment options.

Price & Availability

The Samsung Galaxy Z Fold2 5G will retail for RM7,999, slightly lower than the Galaxy Fold’s RM8,388 retail price.

It will be open for pre-orders starting 11 September 2020, and will be available at all retail outlets nationwide, leading e-commerce platforms, and major telcos from 25 September 2020.

The Samsung Galaxy Z Fold2 5G pre-order will start from 11 September and end on 24 September. All pre-orders will come with two bonus freebies: a pair of Samsung Galaxy Buds Live earbuds worth RM699 and a premium Montblanc Card Holder worth RM655. You can make your pre-orders with various retailers including
Senheng
,
senQ
,
Harvey Norman
,
Urban Republic
, and
Courts
.

Head on to
Samsung Malaysia’s official product page
 to find out more about Samsung’s super-premium Galaxy Z Fold2 5G or to place your pre-order!

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About THE AUTHOR

Pang Tun Yau

Pang Tun Yau

A seasoned tech journalist who now focuses on his other passion, Pang is a firm believer in old-school DCA and optimised spending.

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HSBC Malaysia Launches New TravelOne Credit Card

HSBC Malaysia has launched a brand new travel credit card called the HSBC TravelOne. As a key differentiator, the card offers possibly the widest range of partner redemptions in Malaysia, covering a whopping 17 airlines and four hotel chains.

The HSBC TravelOne credit card offers two major features that aims to elevate the card above other travel credit cards in Malaysia – or a “game changer” as HSBC puts it. The first is the wide range of 17 airlines and four hotel chains available for redemption, making it a compelling proposition to air miles enthusiasts in Malaysia, as it opens a whole new opportunity to redeem air miles from frequent flyer programmes rarely available to Malaysian credit cardholders. The 17 airlines partners are:

airasia Rewards

Air France – KLM Flying Blue

Air Canada Aeroplan

British Airways Executive Club

Cathay Pacific AsiaMiles

Etihad Guest

EVA Air Infinity MileageLands

Hainan Fortune Wings Club

Japan Airlines – JAL Mileage Bank

Malaysia Airlines – Enrich

Qantas Frequent Flyer

Qatar Airways Privilege Club

Singapore Airlines KrisFlyer

Thai Airways Royal Orchid Plus

Turkish Airlines Miles&Smiles

United Airlines MileagePlus

Vietnam Airlines Lotusmiles

Meanwhile, the four hotel redemption partners are:

Accor Live Limitless

IHG One Rewards

Marriott Bonvoy

Wyndham Rewards

The other key feature is instant partner redemptions via the HSBC Mobile App. HSBC is claiming that for most partners, redemptions will be processed in real time. This depends on the redemption partner, of course – HSBC states that for some partners, such as Accor Live Limitless, Qatar Airways Privilege Club, JAL Mileage Bank, and several others, the redemption process may take a longer period of time. Nevertheless, this is an interesting proposition – for most banks, redeeming air miles have usually been a “days if not weeks” process.

Beyond that, the card is a travel rewards card that offers 8x Rewards Points for foreign currency spend, 5x Rewards Points for local travel spend (airlines, hotel, and travel agencies) as well as local dining, and 1x Rewards Points for all other retail spend.
UPDATE:
Note that there are monthly caps on the maximum points earning for each of the three spend categories – 20,000 Points for foreign currency spend, and 10,000 Points each for local travel spend and dining.

In addition, the HSBC TravelOne also offers 6x complimentary airport lounge access at Plaza Premium Lounges in KLIA, Changi Airport, and Hong Kong International Airport (international departures) – the 6x access can be shared by both primary and supplementary cardholders.

Other travel-related perks include complimentary travel insurance of up to US$250,000 when the card is used to pay for the air ticket (covering travel medical benefits, trip inconvenience protection, luggage protection, and emergency assistance services), other privileges from partners such as Agoda and more, as well as 0% Card Instalment Plan for up to 36 months.

Finally, the card itself features a unique notched design in addition to a vertical card face. The sleek dual-tone black and grey card sports silver accents right down to the HSBC and Mastercard logos. The notch at the bottom of the card is designed to increase accessibility, allowing visually-impaired cardholders to instantly recognise the correct end to insert into card readers.

The HSBC TravelOne credit card is open for applications starting today at the
HSBC website
. The minimum annual income requirement is RM60,000, and the card has a RM300 annual fee that’s waivable upon an annual spend of RM20,000. Lastly, HSBC is offering three separate sign up offers for this card: a 24″ Condotti Luggage Bag, 300,000 Rewards Points, or up to RM500 cashback – these offers are applicable to new to bank (NTB) and existing HSBC customers who do not yet have a card with HSBC. Existing HSBC cardholders, meanwhile, are still eligible for a RM150 cashback upon card approval.

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Pang Tun Yau

Pang Tun Yau

A seasoned tech journalist who now focuses on his other passion, Pang is a firm believer in old-school DCA and optimised spending.

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    You

    3 months ago

What are the conversion rates to all the airlines miles? We can’t find it published anywhere public

2

Reply

    Anonymous

    3 months ago

    Reply to

        You

The conversion rate is out and it’s shocking sucks!

13

Reply

    Anonymous

    3 months ago

    Reply to

        Anonymous

Where can i see the conversion rate?

0

Reply

    joe

    3 months ago

    Reply to

        Anonymous

Yes just saw it. It’s one of the worst credit cards for airline miles redemption.  Gonna stick with my CIMB world elite and my US AMEX cards

0

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    Anonymous

    2 months ago

    Reply to

        You

21k to 1k.

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Is Shopee Malaysia Entering The Food Delivery Market With ShopeeFood?

It seems like there may be a new entrant into the Malaysian food delivery market soon: ShopeeFood. In a Facebook post today, the ShopeePay page put out a call to hire ShopeeFood delivery partners in Malaysia.

“We are looking for ShopeeFood Delivery Partners in Kuala Lumpur and Selangor,” the post said, also listing out the requirements for job posting. The qualifying conditions include being a Malaysian citizen aged 18 years and above, having a motorcycle licence, an up-to-date cellphone, and no records of past police crimes or suspensions and bans on the Shopee platform.

There has not yet been any official statement from Shopee – which is well-known for being one of the
 top e-commerce platforms
 in Malaysia – regarding any venture into the local food delivery sphere.

However, Shopee had launched ShopeeFood in neighbouring
Indonesia
earlier this year, setting it up as a competitor against Grab and Gojek – the dominant players in the market there. If Shopee was indeed to bring ShopeeFood to Malaysian shores, the key competitors would likely be mainstay names like GrabFood and Foodpanda, together with newer entrants like airasia food as well.

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Jacie Tan

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RinggitPlus #RPBonusRaya Special: Get RM1,000 Cash With Selected Credit Cards!

In the
RinggitPlus Covid-19 Financial Wellness Survey
, we found that most Malaysians will struggle with cash flow issues during the Movement Control Order period, and living in a Covid-19 world.

We heard you.

We realised that we needed to change our sign-up offers to reflect the evolving times – what’s the use of a free luggage bag when we can’t even travel, right? If you noticed, we began switching our default sign-up gifts into more meaningful ones in the form of cash vouchers worth up to RM300 on Lazada.

Since then, the RinggitPlus team has been working closely with our partner banks to provide something meaningful in time for Hari Raya Aidilfitri: giving away RM1,000 in cash to selected approved credit card applicants. Yup, for the first time ever, RinggitPlus is giving away cash as a sign-up gift!

Just be among the first to apply, get approved by the banks, and fulfil the necessary activation/spending requirements, and you’ll receive RM1,000 when we receive the confirmation reports from the banks. If you are not among the first 100, fret not, as you will walk away with guaranteed gifts ranging from Lazada e-vouchers worth RM150 – RM300, or an Amazfit Bip Lite smartwatch (guaranteed gifts depend on the bank credit cards you apply for).

Here are the participating banks where you are eligible for the RM1,000 cash giveaway, and the guaranteed gifts that you will receive if you are not among the first 100 successful applicants:

Citibank
(guaranteed gift: RM200 Lazada e-voucher),
click here for T&C

HSBC
(guaranteed gift: RM250 Lazada e-voucher),
click here for T&C

Public Bank
(guaranteed gift: Amazfit Bip Lite),
click here for T&C

RHB Bank
(guaranteed gift: RM150 Lazada e-voucher),
click here for T&C

Standard Chartered
(guaranteed gift: RM300 Lazada e-voucher),
click here for T&C

UOB Bank
(guaranteed gift: RM150 Lazada e-voucher),
click here for T&C

Note that successful applicants are determined by the date and time of the online application via RinggitPlus
#RPBonusRaya landing page
 (including providing MyKad front and back images), and fulfilling the terms and conditions of the respective participating bank.

Here’s a tip: different participating banks will have different conditions for gift eligibility, so do keep that in mind and aim to fulfill them as soon as you can. The T&Cs for each bank will be shared at 1pm, 18 May 2020.

Finally, keep note of the flash deal start and end times: 1pm, 18 May 2020 until 6pm, 22 May 2020. Remember, based on the campaign mechanics, successful fulfillment of the banks’ terms and conditions for gift eligibility matters just as much as the time of application.

Not sure yet on which card to apply for? Here’s a list of the
best cashback credit cards in Malaysia
 – seven of them are eligible for the #RPBonusRaya campaign!

When you are ready to apply, be sure to apply via the
RinggitPlus #RPBonusRaya landing page
.

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Pang Tun Yau

Pang Tun Yau

A seasoned tech journalist who now focuses on his other passion, Pang is a firm believer in old-school DCA and optimised spending.

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Razer Merchants Can Soon Accept Payments From Diners Club, Discover

Razer Merchant Services (RMS), the business-to-business (B2B) arm of Razer Fintech, has become the first merchant acquirer within Malaysia to partner with global payment service provider Discover Global Network. With this, e-commerce merchants who are part of RMS’ network will soon be able to accept payments made with Discover Global Network cards, such as Diners Club International, Discover, and other affiliate network cards.

To explain,
Discover Global Network
 owns several payment services brands, including Diners Club International and Discover Network. Diners Club International is notably known for introducing the world’s first multipurpose charge card, whereas Discover Network is a payments network which has presence in many parts of the world.

In a statement, RMS said that it aims to enable 2,000 e-commerce merchants in Malaysia to enjoy the benefits of this partnership, allowing them to tap into the affluent segment. It is estimated that there are more than 280 million cardholders under Discover Global Network globally.

(Image: sgsme.sg)

The chief executive officer of Razer Fintech, Lee Li Meng further highlighted that RMS merchants will also have access to a bigger customer base in the regional and global market. This is as RMS hopes to expand its offerings with Diners Club International and Discover across the Southeast Asia region.

Meanwhile, the regional managing director of global acceptance (Asia Pacific) for Discover, Jonathan Gould said that this partnership will help to promote the Malaysian e-commerce market to its global partners. “We are committed to continuously providing great benefits and convenience to our cardholders around the world by offering options to make online payments more seamless across borders,” he commented.

(Source:
The Sun Daily
)

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Alex Cheong Pui Yin

Alex Cheong Pui Yin

Previously covered recruitment-related stories and had a short stint as a copywriter for the property industry. She subsequently developed an interest in investment and robo-advisors.

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RHB Credit Card Friday Specials

As if you needed more reasons to love Fridays, RHB has decided to give you one more. Or three.

From 22 March to 26 July 2013, you can enjoy either a free Kenny Roger’s quarter meal (with a minimum spend of RM30 which includes a Kenny Roger’s quarter meal), a free tall size latte at Starbucks (iced/hot), or an RM5 Popular bookstore voucher.

To qualify, all you have to do is spend RM30 in a single receipt on your RHB Credit or Debit card at either of the participating outlets mentioned above in Malaysia.

Each cardmember is only allowed one redemption per day, per receipt.

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Diana Chai

Diana Chai

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ATM Operating Hours Are Now Limited From 8am To 8pm Until The End Of MCO

(Image: Lowyat.NET)

The government has limited the operating hours of automated teller machines (ATMs) from 8am to 8pm daily until the end of the movement control order (MCO) period. This includes 24-hour ATMs as well. Announced by Senior Minister Datuk Seri Ismail Sabri Yaakob, the move is intended to facilitate better enforcement of the MCO.

“We’ve been notified that due to these ATM machines being operational 24 hours, many are going out at night on the pretext of an emergency. These people are breaking the MCO rules so the government has decided to only allow ATMs to operate from 8am to 8pm,” said the senior minister, who is also the Defence Minister.

When the MCO first started, Bank Negara Malaysia (BNM) had assured the Malaysian public that
self-service terminals
, such as ATMs, will be fully operational in accessible locations. During this earlier period, people were allowed to use the ATM from 7am to 10pm.

Banks are also waiving the
RM1 MEPS fee for interbank withdrawals
 until the end of MCO so as to encourage people to move only within nearby areas. With the fee removed, bank customers will be free to conduct their withdrawals at the ATMs of any banks closest to their homes instead of having to travel further to use the ATM of a specific bank.

Malaysia’s ongoing MCO, which began on 18 March 2020, has seen two extensions thus far, and is slated to end on 28 April 2020.

(Source:
Malay Mail
)

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About THE AUTHOR

Alex Cheong Pui Yin

Alex Cheong Pui Yin

Previously covered recruitment-related stories and had a short stint as a copywriter for the property industry. She subsequently developed an interest in investment and robo-advisors.

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    Irhan H Askali bin Ibrahim

    3 years ago

Tahniah kjaan! Arahan yang akan menyebabkan orang ramai akan sesak berkumpul di semua premis bank di sebabkan masa yang terhad untuk berurusan yang melibatkan penggunaan mesin ATM/CDM….langkah arahan yang kurang bijak & tidak relevan pada masa ini

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BNM Collaborates With BIS, Other Central Banks To Develop Experimental Multi-CBDC Platform

(Image: The Sun Daily)

Bank Negara Malaysia (BNM) has participated in an international project to successfully develop two prototypes for a common platform that allows international settlements using multiple central digital bank currencies (multi-CBDCs). Dubbed Project Dunbar, the effort saw a collaboration between BNM and three other central banks – the Reserve Bank of Australia, the Monetary Authority of Singapore, and the South African Reserve Bank – as well as the Bank for International Settlements (BIS) Innovation Hub.

In a statement, BNM said that this project sought to prove that financial institutions
can
 use different CBDCs issued by participating central banks to conduct direct cross-border transactions on a shared platform. In turn, the platform will reduce reliance on intermediaries, allowing for cheaper, faster, and safer cross-border payments.

BNM also explained that the project had managed to identify several critical issues related to the implementation of a multi-CBDC platform. These include matters such as who should be allowed to hold and transact with CBDCs issued on the platform, as well as how to simplify the cross-border payments without compromising the regulations of each participating central bank.

“The project proposed practical solutions for addressing these issues, which were validated through the development of prototypes that demonstrated the technical viability of multi-CBDC shared platforms for international settlements,” BNM shared in its statement.

The assistant governor of BNM, Fraziali Ismail further said that Project Dunbar has offered meaningful insights into the potential of multi-CBDC platforms in resolving future cross-border payment issues. “The project [Project Dunbar] is a testament to the importance of central bank collaboration in supporting the development of next-generation payment infrastructures. We intend to carry these insights through other proofs of concept as we continue our CBDC exploration journey,” he said.

(Image: Bernama)

BNM had previously stated that it may
begin experimenting with CBDCs in the next few years
, in line with the rapid growth of the digital asset space in recent times. However, the central bank also stressed that it needs to be careful in these efforts as it does not want to just be “caught up in all the hype and buzz.”

Meanwhile, the head of the BIS Innovation Hub, Andrew McCormack commented that although a common platform is an efficient model for payments connectivity, it is also very challenging to achieve. “Project Dunbar demonstrated that key concerns of trust and shared control can be addressed through governance mechanisms enforced by robust technological means, laying the foundation for the development of future global and regional platforms,” he said.

To note, Project Dunbar began its trial in September 2021, and its
current findings
 are expected to spur and inform future phases of the project.

(Sources:
BNM
,
BIS
)

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About THE AUTHOR

Alex Cheong Pui Yin

Alex Cheong Pui Yin

Previously covered recruitment-related stories and had a short stint as a copywriter for the property industry. She subsequently developed an interest in investment and robo-advisors.

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Hassle-Free Delicious Meals Delivered for RM5 or Less

In Malaysia, nothing unites us Malaysians better than the topic of mouth-watering, glorious food. Our conversation is centered around food at all hours of the day, sometimes we may even plan what to eat next while we are in the middle of our current meal.

Seeing that a new wave of delivery services has popped up in the city as of late, it only makes sense for us to check it out and list down the features of all the food delivery services available for your convenience. Get ready to whet your appetite as we present to you food delivery services available in Klang Valley for RM5 or less!

UberEats

Most of us identify Uber as a ride-sharing service but do you know that they have diversified into the food delivery business too? Having begun operations in late September, UberEats had gain widespread popularity thanks to the variety of food and beverages offered by them.

Cuisine Category: Malaysian, Western, Thai, Japanese, Healthy

Delivery Fee : RM5 flat fee

Delivery Time : 30 minutes – 65 minutes

Halal Food : Yes

Payment Terms : Only by credit/debit card

Food Drop-off Method : You can either opt for doorstep delivery or pick it up on your own from the delivery person instead.

Minimum Order : RM15 and more

Pre-Order : Available

Special Request and Allergies : Available

Things you must know : If you already have an existing Uber account and app installed in your home, you would not need to proceed with registering another account for UberEats as your details will be migrated from the Uber app itself.

RunningMan

RunningMan is started by a group of young university students who recognised the need for hot, affordable meals among hungry college-going kids. The name RunningMan is selected as it sounds friendly and easy to remember so if you need a quick fix for meals and am not sure where to turn to, why not give them a go?

Cuisine Category: Chinese, Western, Malaysian Favourites

Delivery Fee : RM3 or less.

Delivery Time : Minimum 50 minutes

Halal Food : Limited as they are still a fairly new into the food delivery business. Plans to increase halal food options is in the pipeline.

Payment Terms : Cash and Credit/Debit Card.

Food Drop-Off Method : Yes. Food is delivered right to the front of your office door so don’t worry about taking time off to collect your food from reception.

Minimum Order : Not applicable. Yes, you can order a meal under RM10 and they will still deliver it to you.

Pre-Order : Available

Special Request and Allergies : Available

Things you must know : Their callers will inform you in the situation that they are unable to proceed with a delivery (usually due to horrible weather conditions or in the situation that you ha) and you can choose to either cancel the order or proceed with it.

<a href=”
https://ringgitplus.com/en/credit-card/?utm_source=ringgitplus&utm_medium=banner&utm_campaign=my-rpint-crcd-gen&utm_content=blogcta_crcd_bestcreditcardinmalaysia_ringgitplus_mid”title=”Compare
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FoodPanda

Incepted in 2012, FoodPanda is an international mobile food delivery service, partnering with over 27,095 restaurants in 193 cities. FoodPanda offers delivery for breakfast, lunch and dinner to 6 major cities in Malaysia and yes, Klang Valley is definitely on their area of service list.

Cuisine Category: Malaysian Favourites, Chinese, Korean, Japanese, Western, Thai, Vegetarian, Middle Eastern, Desserts…the list goes on!

Delivery Fee : RM5 or less

Delivery Time : Minimum 1 hour delivery time.

Halal Food : Yes.

Payment Terms : Cash, Credit/Debit Card and Online Payment Portals

Food Drop-Off Method : Usually the delivery people will contact you should they be unable to deliver your food straight to your doorstep. Otherwise, it’s mostly doorstep delivery.

Minimum Order : Varies depending on vendor

Pre-Order : Available

Special Request and Allergies : Available

Things you must know : As one of the biggest and longest-running food delivery service in Malaysia, FoodPanda may face an influx of orders especially during peak hours such as lunch and dinner time so you may face difficulty in getting a meal during those hours.

Read also :
 Ultimate Pizza Delivery Guide for Every Malaysian Food Lover

Cooked

Cooked, the brainchild of a Malaysian who had previously managed FoodPanda, is a startup that cooks and delivers delicious and nutritionally balanced meals to their customers. Offerings on Cooked leans towards a healthy Malaysian-inspired fare so you would not need to worry about indulging in your local favourites.

Cuisine Category: Healthy, Malaysian Favourites,

Delivery Fee : RM5 flat fee

Delivery Time : Between 11.30 am – 2 pm. You can select your preferred time slot for food delivery.

Halal Food : Yes

Payment Terms : Cash on Delivery. For orders above RM200, payment via bank transfer can be arranged.

Food Drop-Off Method : You will need to indicate as to whether you would require your meals to be delivered to you directly during your address registration. Also, as per Cooked’s disclaimer, ‘arrangements to send your food up can be done for residential areas but may not be possible for commercial ones due to security and parking restrictions.’

Minimum Order : Varies depending on area. For Bangsar, ordering a single meal is sufficient for food delivery.

Pre-Order : Available, some orders will need to be placed at least 12 – 18 hours ahead due to limited availability.

Special Request and Allergies : Case to case basis

Things you must know : Cooked also provides catering services so if you are looking to host a small event, you may want to approach them for more details.

Mammam

Touting to be the best Asian food delivery service in Klang Valley, Mammam boasts an all-encompassing menu of over 30 dishes from Malay, Chinese, Indian, Thai, and vegetarian. Apart from that, it also has a brick and mortar eatery which is situated in Centro Mall Klang for walk-in customers.

Cuisine Category: Malaysian Favourites. Food is prepared by the Mammam fulfillment team in a centralised kitchen so food is not prepared on an on-demand basis.

Delivery Fee : N/A (Delivery cost is absorbed in the food cost)

Delivery Time : Minimum 1 hour

Halal Food : Yes

Payment Terms : Cash, Credit/Debit Card and Online Payment Gateway

Food Drop-Off Method : Yes, food is delivered straight to your doorstep.

Minimum Order : RM15

Pre-Order : Available.

Special Request and Allergies : Not available.

Things you must know : There will be no refunds for the cancellation of any 1 Hour Delivery order. As for same Day Deliveries, Mammam will provide a full refund should you cancel your order within 30 minutes of confirmation of your order.

With these food delivery services available at your beck and call, you can now order hot delicious meals minus the worry of being charged a hefty service and handling fee, talk about convenient! To make your meal purchasing decisions a lot more easier, you may want to consider getting a credit card to perform your transactions, especially when you stand to gain reward points and cash back benefits.

Interested to get a rewards credit card? Our
 comparison page
 is always here for you to search and compare so that you will get the best rewards credit card for all your shopping needs.

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How Does A Virtual Credit Card Help Protect You From Financial Fraud?

During a time when technology is rapidly transforming our daily lives, service providers work tirelessly to come up with new and innovative ways to best serve their customers. From property and automotive, to F&B and banking, businesses across all industries and the globe continuously seek solutions that can solve the problems faced by everyday people.

Earlier this year, Alliance Bank unveiled their latest credit card, the Alliance Bank Visa Virtual Credit Card. As the digital landscape continues to evolve, the Alliance Bank Visa Virtual Credit Card offers customers an advanced level of security and convenience. But how exactly does it work?

Alliance Bank Visa Virtual Credit Card In A Nutshell

Unlike your traditional credit cards, the Alliance Bank Visa Virtual Credit Card isn’t something that you need to carry around in your wallet. As the name suggests, it is a virtual card that exists on your phone within the allianceonline mobile app.

Along with its convenience, the Alliance Bank Visa Virtual Credit Card also allows users to make cashless transactions, freeze the card in just a few taps, collect Timeless Bonus Points (TBP), and create cards for specific recurring payments.

However, the one thing that sets the Alliance Bank Visa Virtual Credit Card apart from the rest is its unique Dynamic Card Number (DCN) feature.

The Dynamic Card Number Feature – How Does It Work?

With technology advancing at its current pace, fraudsters and identity thieves have also gotten more advanced. We’ve always been advised to keep our card numbers hidden, clear caches on our devices, and so forth, but even so, the upward trend of financial scams indicates that it won’t be slowing down anytime soon.

At a time like this, having a virtual card might make all the difference between your personal information being protected or otherwise.

Instead of having your card number physically embossed on the front of your card, the Alliance Bank Visa Virtual Credit Card is kept secure within the allianceonline mobile app, as mentioned earlier.

With the Alliance Bank Visa Virtual Credit Card, each transaction is safeguarded by
randomly generated card numbers that remain valid for just 30 minutes
. This security measure not only makes it incredibly challenging for thieves to steal your information but also adds an extra layer of protection with its limited window of validity.

Let’s say the one-time card number you used for an online transaction was compromised due to a data breach from a third party payment gateway. The 30-minute validity period mitigates the risk of that number being used for unauthorised transactions in the event it was created but not used.

Virtual Cards For One-Time Payments & Recurring Payments

Besides one-time payments, you can also set up additional virtual cards for each recurring payment.
Every virtual card that you generate for recurring payments is free
. The best part is you could personalise the validity period and credit limit for each one.

For example, you pay RM15 for your monthly subscription to a music streaming service. You could create a new virtual card specifically for this service and set a credit limit of RM15 so there is
little risk of you being overcharged beyond the limit that you have already set
.

You could also customise the virtual card face via the allianceonline mobile app for a more personalised experience.

The Ability To Instantly Freeze Or Unfreeze Your Card

In the event you’ve noticed irregular or suspicious activity with your virtual credit card, there is no need to call the bank. Open the allianceonline mobile app and swipe the freeze/unfreeze option to halt its activities.

Not only is this faster than searching for the bank’s number and giving them a call, but it’s also more convenient.

***

There’s evidently plenty to benefit from with the all-new Alliance Bank Visa Virtual Credit Card. This card offers cardholders various nifty features that not only makes their banking experience more enjoyable, but also safer and more personalised.

On top of that, there are zero annual fees and each dynamic card generated is free. You will only be charged RM25 SST on a yearly basis for your virtual credit card static card.

Sign up for the Alliance Bank Visa Virtual Credit Card and RM1,000 Touch ‘n Go eWallet Credit on top of a guaranteed gift of RM200 Touch ‘n Go eWallet Credit could be yours! Apply using the code “
RPVCC
”, get approved, and activate your Virtual Credit Card to be among the lucky winners!

Elevate your banking journey with the enhanced security features and personalised features offered by Alliance Bank Visa Virtual Credit Card. Take the first step towards a safer and more secure banking experience, and you may just win yourself a double cashback reward.

Download the app via the
Google PlayStore
 or
Apple AppStore
.

Terms & Conditions apply.

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Lisa Ameera Azman

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EPF: RM19.1 Billion Worth Of i-Citra Withdrawals Approved As Of 4 August

(Image: The Edge/Mohd Izwan Mohd Nazam)

As many as 4.57 million applications for the i-Citra facility have been approved as of 4 August 2021, amounting to a total withdrawal of RM19.1 billion. This is out of the 4.62 million applications received for the aid, said the Employees Provident Fund (EPF) today.

According to the chief strategy officer of the EPF, Nurhisham Hussein, the approval rate for i-Citra currently stands at 99%. About 50,000 applications are currently still pending, whereas 551 applications were rejected (including 82 cancelled applications). Among some reasons cited for the rejections include having insufficient savings and being above the age limit of 55 years old.

In terms of monetary value, the total number of applications (4.62 million) amounted to RM19.3 billion. Meanwhile, RM2.3 billion of the approved RM19.1 billion (for 4.57 million applications) has already been disbursed.

Nurhisham further shared that a majority of applicants applied to withdraw between RM4,001 and RM5,000 via i-Citra, as can be seen in the following distribution:

Withdrawal amount via i-Citra
Percentage of applicants
RM4,001 – RM5,000
79.0%
RM3,001 – RM4,000
3.2%
RM2,001 – RM3,000
4.2%
RM1,001 – RM2,000
5.0%
Up to RM1,000
8.5%

Additionally, some of the reasons that were provided by applicants for their withdrawals included:

Reduction in income/wage (27%)
Assisting affected spouse or family members (19%)
Long period of unemployment (16%)
Finance daily/monthly essential expenses (62%)
Settle outstanding debts (16%)

The
i-Citra withdrawal facility
 was introduced as part of the PEMULIH stimulus package in June 2021. It allows EPF members to withdraw up to
RM5,000 from their Akaun 1 and Akaun 2
 – subject to the balance in their accounts. The disbursement of the fund will be spread over five months. The i-Citra withdrawal facility is the third of such assistances to be provided by the EPF to those who need help, with the initial two being
i-Lestari
 (withdrawal from Akaun 2) and
i-Sinar
 (withdrawal from Akaun 1).

Moreover, these facilities are on top of other Covid-19-related initiatives, including a
reduction of employees’ EPF contribution rate
 between April 2020 to December 2021 and the e-CAP deferment of employers’ contributions.

(Image: Malay Mail/Ham Abu Bakar)

With regard to the impact of the programmes on the EPF’s cashflow and investment, Nurhisham said that the provident fund is managing it. “We have sufficient cash for these programmes and it is not heavily impacting investment at the moment. We do have a plan in terms of managing the liquidity as well as cash flow of the EPF,” he said.

Nurhisham also reiterated that it is unlikely for the withdrawals through these facilities to affect returns to members. “The withdrawals affect both sides – the amount we need to generate in return is also reduced, so it balances out quite well. The only thing is that we need to carry a little bit more cash, but that’s marginal when compared to the entire returns of the portfolio,” he explained.

(Source:
The Edge Markets
)

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Alex Cheong Pui Yin

Alex Cheong Pui Yin

Previously covered recruitment-related stories and had a short stint as a copywriter for the property industry. She subsequently developed an interest in investment and robo-advisors.

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Finance Minister: Government Considers More Fiscal Stimulus Following MCO 2.0

(Image: Malay Mail)

The government could roll out more fiscal stimulus to keep the country’s economic recovery on track, said Finance Minister Tengku Zafrul Aziz. This is amid growing concerns that the second movement control order (MCO) announced in several parts of the country could hamper efforts to contain the economic fallout from Covid-19.

In a statement, Tengku Zafrul said that there is sufficient domestic liquidity for additional fiscal stimulus to support lives, livelihoods, and businesses where necessary. “In fact, the Ministry of Finance has begun considering various measures to support the rakyat and businesses during this period. We will not compromise on the rakyat and businesses’ well-being,” he said.

According to Tengku Zafrul, Malaysia has a resilient capital market ecosystem, supported by ample liquidity and proper market management measures in place to manage shocks. He added that the capital market will remain open throughout the emergency and lockdown period to support and facilitate trading and investment with all regulatory functions in place.

“The continued operations of the capital market are important to support the resilience and recovery of the Malaysian economy, as well as help investors manage their risks and opportunities during this period,” he explained. “Clearing funds, margins and deposits arrangements are also in place to manage clearing and settlement risks.”

Similarly, financial institutions and markets will also continue as usual, with services remaining available and accessible to borrowers. “Bank Negara Malaysia will actively monitor conditions in the financial markets to ensure that there is sufficient liquidity in the foreign exchange, bond and money markets; and that market conditions remain orderly,” the minister elaborated.

Finally, the finance minister concluded that Malaysia’s “economic fundamentals” remain strong to enable an effective response to the pandemic.

(Source:
Malay Mail
)

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Boost Introduces Boost Protect, Ventures Into Digital Insurance Services

E-wallet service provider Boost has introduced a range of micro-insurance and takaful products under its new feature, Boost Protect.

Underwritten by Great Eastern and powered by Aspirasi, the insurance products are exclusively available for Boost users. As many as seven types of coverage are currently available:

Micro-insurance/

Takaful products

Payment

Coverage period

Coverage provided

BillProtect

RM30

6 months

– Reimbursement for eligible utility bills of up to RM1,000 if hospitalised for more than 4 days due to an accident

– Payout of RM10,000 in the event of permanent disability or accidental death

CardProtect

RM10

6 months

– Credit card bills protection against unexpected events that cause disability or death

– Payout of RM5,000 in the event of permanent disability or death

– Payout of RM10,000 upon death due to an accident

HospiCash

RM60

6 months

– RM100 daily cash allowance during hospitalisation

Protect Super6

RM39

6 months

– Payout of RM12,500 in the event of major head trauma or coma

– Payout of RM37,500 upon accidental death of various causes

– Bereavement benefit of RM5,000 in the event of an accidental death

ProtectActive

RM6.25

1 month

– Payout of RM5,000 upon critical illness or accidental permanent disability due to sports

– Payout of RM25,000 in the event of death due to specific sports

– Payout of RM500 for medical costs due to accident from specific sports

ScreenProtect

RM100

1 year

– Payout of up to RM750 for repair or replacement of screen due to accidental damage

– Payout of RM5,000 in the event of permanent disability or accidental accidental death

SME OwnerProtect

RM45

1 year

– Reimbursement for emergency expenses relief of up to RM1,000 if hospitalised for more than 4 days due to an accident

– Payout of RM10,000 in the event of permanent disability or accidental death

To sweeten the deal, Boost is also complementing all Boost Protect products with an additional Covid-19 Assist coverage. Under this extra protection, you will be entitled to RM200 daily hospitalisation cash per day, up to 60 days, if you are diagnosed with Covid-19. You will also get a death benefit of RM20,000 upon demise due to the coronavirus.

To view or purchase these products, simply tap on the “Insurance” tile in your Boost app and proceed from there. You may be prompted to answer some health-related questions for certain products, and will be required to fill in your personal/contact details to complete your purchases.

(Image: The Star)

“Following the pandemic, Malaysians are placing high importance on protecting themselves for the future as awareness of health and overall wellbeing has been heightened. We endeavour to #KitaBoostKita by providing users protection and peace of mind while they continue to live life or do business amid the pandemic at a very low cost where users can now enjoy bit-sized protection for extra-large coverage that caters to their various needs,” said the chief executive officer of Boost, Mohd Khairil Abdullah.

Boost Protect had actually been soft launched
 earlier, piggybacking on Boost’s role as an e-wallet partner in the government’s RM50 ePENJANA credit initiative. The insurance products had been introduced through an RM5 cashback bonus, offered as one of Boost’s #KasiTambah extra perks for the ePENJANA initiative.

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About THE AUTHOR

Alex Cheong Pui Yin

Alex Cheong Pui Yin

Previously covered recruitment-related stories and had a short stint as a copywriter for the property industry. She subsequently developed an interest in investment and robo-advisors.

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