Great Eastern partners with Malaysian fintech to launch SMEs pool-based insurance

Takaful products will be offered across Malaysia and Indonesia.

Singapore-based insurance company Great Eastern has partnered with Malaysia-headquartered fintech Axiata Digital Capital (Aspirasi) to provide affordable and comprehensive insurance and takaful products across Malaysia and Indonesia, according to a press release. It will be offered to small and medium-sized enterprises (SMEs), as well as to micro entrepreneurs and consumers.

Insurance products by the collaboration will be fully digitised, and will utilise big data, artificial intelligence and behavioural economics via Aspirasi’s digital platform.

Offerings include life insurance, health insurance, home insurance, personal accident insurance, with premiums or contributions starting from MYR1.50 and IDR5,000.

The insurance products will be available on Aspirasi and its partner platforms.