Renew Insurance: Buy Now, Pay Later at Bjak!

Insurance renewal with ‘Buy Now, Pay Later (BNPL)’ payment option for both car and motorcycle insurance is now available at Bjak.

Car Insurance

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Online insurance platform Bjak has launched the first ‘Buy Now, Pay Later (BNPL)’ payment option in Malaysia for both car and motorcycle insurance renewals. The new method of payment is available for a total of 15 insurance brands, starting this year on November 1.

The BNPL payment option allows vehicle owners to split purchases into 3 payments with 0% interest. Users simply have to go to Bjak’s official website to select the payment method for insurance and road tax renewals, with no minimum amount or supporting documents required.

BNPL payment method

The first payment requires the consumer to make payment at the point of purchase using a debit card or credit card issued by any bank. The following two payments will be charged automatically after 30 days and 60 days, respectively without any fees or interest.

Users can choose to split the payments into three months. 6-month and 12-month options will be enabled in the next release.

Buy now, pay later motor insurance at Bjak
Buy Now, Pay Later (BNPL) payment method at Bjak

User-friendly and flexible payment

Bjak partners with Atome, a leading BNPL provider in Southeast Asia to introduce a secure and flexible BNPL payment option. This partnership aims to make auto insurance renewal more accessible to the public especially during the post-pandemic period.

In addition to the buy now, pay later payment option, Bjak offers five payment options on its platform, which include debit card, credit card, online banking, cash via 7-eleven, and credit card instalment plan.

Vehicle owners can enjoy the new payment option by requesting quotations on Bjak’s website starting November 1, 2021.

Frequently asked questions about BNPL

What is a Buy Now, Pay Later (BNPL) option?

BNPL is a short-term payment plan that allows individuals to purchase motor insurance first, and make payments at a later time with no interest or service fees.

What are the acceptable payment methods?

Debit cards or credit cards issued by any bank.

What is the tenure payment option?

3 months

What is the maximum payment amount?

  • Debit card: RM1,500
  • Credit card: RM5,000

How to make a payment?

  1. Select the Buy Now Pay Later payment option.
  2. Insert debit card or credit card.
  3. Your bill will be split into 3 payments. You will make the first payment at the point of purchase.
  4. The second and third payments will be charged automatically after 30 days and 60 days, respectively.

For further inquiries, you may directly contact Bjak via Whatsapp or refer to the official FAQ on Atome’s website

What are the differences between BNPL and Easy Payment Plan (EPP)?

Here are several differences between BNPL and EPP in terms of payment method:

Payment Method

  • EPP: Accept credit cards only
  • BNPL: Accept both credit and debit cards

Use of banks

  • EPP: Only accepted by certain banks
  • BNPL: Accepted by all banks

Tenure payment option

  • EPP: 6 months or 12 months
  • BNPL: 3 months

Minimum amount

  • EPP: Minimum spend of RM600
  • BNPL: No minimum amount

November Promotion for Atome app users

Atome is now offering those who renew their car insurance at Bjak through the Atome application. Users only need to download the Atome application to enjoy discounts up to RM30 throughout this November.

1/11 – 28/11

  • New Atome Users – Discount of RM25 with a minimum spend of RM100 *auto-issued
  • All Atome Users (New + Regular) – Discount of 11% with a minimum spend of RM100 *total limit that can be claimed is RM22

8/11 – 14/11 (Special 11/11)

  • All Atome Users (New + Regular) – RM30 Discount with a minimum spend of RM250 *Redeem in App

22/11 – 28/11 (Black Friday)

All Atome Users (New + Regular) – Discount of RM30 with a minimum spend of RM250 *Redeem in App

Renew motor insurance at Bjak

Looking for an easy way to compare various insurance policies all at once? Visit Bjak, the largest insurance comparison site in Malaysia to get the cheapest price. Furthermore, enjoy the flexible Buy Now, Pay Later (BNPL) payment option with zero interest. Don’t wait, get your free car insurance quotes now in just 3 minutes.