Maybank is a familiar name in the financial world. As Malaysia’s largest bank and financial institution, the company offers a ton of financial products for people, including car insurance. But when we talk about Maybank Car insurance, most people think of Etiqa insurance because of the close association between the two companies.
In fact, Maybank has its own auto insurance that can be purchased directly from its website. Let’s explore the product by looking at the basic coverage offered to vehicle owners, the application procedure and eligibility requirements.
What is covered?
Maybank offers comprehensive coverage for private cars like many other insurance brands. Its insurance policies are underwritten by Etiqa, a member of the Maybank Group.
Policyholders are protected against the following incidents if a mishap occurs:
- Third-party bodily injuries and death
- Third-party property loss or damage
- Loss or damage to your vehicle due to accidental fire, theft, or accident
In addition to this, Maybank also guarantees the following benefits for its policyholders:
- 10% off for online renewal on top of NCD
- Up to 30% cash rebate with the ‘Drive Less Save More’ complimentary feature
- 24/7 Emergency Roadside Assistance
How to apply?
You can apply for Maybank’s car insurance in three different ways. Use the MAE or M2U mobile application or log in to the Maybank2u website to apply online. The steps involved in each method are stated below:
MAE App
- Open your MAE mobile application.
- On the homepage, click ‘More’ at the bottom right of the navigation bar.
- Tap “Apply” and select “Insurance” on the menu bar at the top of your screen.
- Select “Motor Insurance” or “Motor Takaful”.
- Fill in the form, select “Get A Quote” and complete your application.
M2U MY App
- Log in to your M2U app and tap on the hamburger menu at the top left corner.
- Select “Apply Online” and enter your password.
- Tap ” Apply for Motor Insurance”, then select “Motor Insurance” or “Motor Takaful”.
- Fill in the form, select “Get A Quote” and complete your application.
Maybank2u website (post-login)
- Log in to the Maybank2u website.
- Click on “Apply” at the top navigation bar.
- Click on “Insurance”.
- Click on “Apply Now” for Motor Insurance or Motor Takaful.
- Fill in the form, select “Get A Quote” and complete your application.
Eligibility requirements
Applying for this insurance is relatively easy. Maybank requires that the vehicle to be insured is used for private purposes only. Rightful owners should ensure the car is between 1 and 20 years old when applying for the coverage.
Vehicle owners should also possess a valid driving licence and all other necessary documents required for verification purposes.
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