With the rising cost of living in Malaysia, many car owners are finding it increasingly difficult to manage large annual expenses, and car insurance is one of them. While renewing insurance is mandatory, paying everything in one lump sum can be a heavy burden, especially for families, students, and e-hailing drivers who rely on a monthly cash flow to manage day-to-day expenses.
Hence Key Plus provides users a more flexible way to request a car insurance quote in Malaysia, allowing them to explore instalment payment options through selected third-party payment partners. Depending on eligibility and approval by the payment provider, instalment periods of up to 12 months may be available.
Why Annual Payments Are Difficult for Many Malaysians
Traditionally, car insurance in Malaysia is paid once a year, and the amount can often reach hundreds or even thousands of ringgit depending on the car model, age, and selected coverage.
For many households, this creates challenges such as:
- Difficulty allocating a large amount at once
- Disrupting monthly budgeting
- Choosing cheaper, less ideal coverage just to reduce the upfront cost
- Avoiding important add-ons like flood coverage or windscreen protection
As financial pressure increases, Malaysians are looking for flexible solutions that allow them to stay protected without compromising their cash flow.
Instalment Options Up to 12 Months via Payment Partners
One of the features available through Key Plus is access to instalment payment options offered by selected third-party payment providers.
Instead of paying the full premium upfront, users may be able to split their insurance payment into monthly instalments of up to 12 months, subject to the payment provider’s approval and terms.
Potential Benefits of Instalment Payments:
- Flexibility: No more large one-time payments
- Better cash flow management: Spread payments over the year
- Access to better coverage: Able to afford a more comprehensive insurance policy
- Convenience: Automated monthly deductions from your bank card
The Instalment Plan provides payment flexibility while maintaining full insurance coverage issued by licensed insurers.
Introducing Key Plus
Key Plus is a Malaysian-based digital car insurance comparison and renewal platform. By partnering with multiple licensed insurers, Key Plus allows users to compare quotes instantly, choose coverage that fits their needs, and enjoy flexible payment options offered by third-party partners, such as instalments up to 12 months. Designed for everyday Malaysians, Key Plus focuses on transparency, affordability, and convenience. Making car insurance easier, smarter, and more accessible for everyone.
How Key Plus Makes Insurance Renewal Easier
The process of renewing car insurance through Key Plus is also designed to be seamless and user-friendly. Their platform allows users to:
- Compare quotations from multiple insurers in one place
- Review coverage details and premiums clearly
- Select available payment methods, including instalment options that fits their budget
- Complete the process online without paperwork
Curious to know more? Head over to their website https://www.keyplus.my/ to learn more.
