Fatberry.com Unveils Malaysia's First Covid-19 Insurance Coverage Plan in Partnership with Tokio Marine
Fatberry.com, Malaysia’s leading digital insurance platform, launches Malaysia's first Covid-19 coverage plan as a means to insure the public with extensive insurance coverage right from the moment a person is tested positive for Covid-19.
The recent pandemic has led the world through a lockdown for over two years resulting in business closures and “pandemic fatigue”, disrupted livelihoods and hefty out-of-pocket medical
expenses for those found positive for Covid-19.
Malaysia is now moving into the endemic phase, with the rakyat learning to live alongside Covid19. With authorities reducing Covid-19 restrictions and more people returning to their lives at work and play, comprehensive protection against Covid-19 is now a necessity. Recognising the gap in the market for affordable Covid-19 protection, Fatberry.com partnered with Tokio Marine to introduce Malaysia’s first-ever Covid-19 coverage plan targeted at Malaysians within the age of 16 to 55. Guaranteeing a cash allowance of up to RM1,500 after positive Covid-19 and hospital allowances up to RM3,000 to the affected individual.
Affordable plans start from RM88 annually and at RM0.25 a day, Plan 1000 will provide benefits covering hospital allowances, covid-19 allowances and funeral expenses Respiratory diseases such as Asthma, Bronchitis, Pneumonia, Influenza, H1N1, Bird Flu, Tuberculosis and Lung Infection are also included under this plan.
“Covid-19 coverage plan is the first of its kind in Malaysia. We developed this affordable, no-frills Covid-19with Tokio Marine in line with our mission of always providing Malaysians with the besti nsurance deals. With guaranteed acceptance for Malaysians diagnosed with COVID-19 and or Respiratory Disease, we have made it even simpler with no medical check-up required. ” said John Tan, CEO of Fatberry.
“We’re delighted to join forces with Malaysia’s leading digital insurance platform to offer the Covid19 coverage plan on Fatberry.com. With this, Malaysians will be able to adapt to the new normal and carry on their daily lives knowing they are well protected,” said Ng Hang Ming, CEO of Tokio Marine.
Fatberry.com is part of the ASEAN Fintech Group of companies, a venture corporation bringing the next-gen expertise of former founders, serial entrepreneurs and operators from some of Asia's most successful technology companies. AFG is building an Integrated Fintech Value Chain through innovation, network and scale across four verticals; Payments, Lending / BNPL, Insurtech and Digital Wealth Management. Fatberry.com expanded to Thailand after it acquired Bangkokbased MooMoo Non-Life Insurance Broker (MooMoo) to launch Fatberry Thailand.