- GHL Systems & Senang have extended their strategic partnership to provide Malaysians with easier access to a first-in-ASEAN micro-insurance coverage on non-conventional retail purchases
- GHL’s extensive merchant network will benefit their customers in terms of insurance coverage whilst broadening their own earnings base
Kuala Lumpur, Dec 7: GHL Systems Bhd (GHL) and homegrown insurtech company Senang have extended their strategic partnership to provide Malaysians with easier access to a first-in-ASEAN micro-insurance coverage on non-conventional retail purchases that are not commonly insured.
Delivered seamlessly via GHL’s smart terminals and SenangSikit digital insurance platform, this distribution model enriches the consumer-buying journey through peace-of-mind shopping.
SenangSikit is an innovative Senang proprietary patent pending digital platform that offers offline-to- online insurance, from GHL’s smart payment terminal as opposed to insurance sold by traditional agents or online checkouts.
It is available to customers who make purchases at any participating stores in Malaysia that use GHL POS terminals – accepting cards and e-wallet payments.
For consumers, SenangSikit is a faster, simpler but optional way of obtaining insurance coverage against accidental damages on purchases with just two clicks at checkout.
The insurance plan works like a product warranty providing coverage to a myriad of non-conventional retail products ranging from electronic items, footwear, car accessories, fashion clothing, furniture and more.
The plan is valid for up to a year from date of purchase with a minimum as low as RM2.50 a day.
Meanwhile, merchants using GHL’s smart terminals, can now offer their customers an improved buying experience with insurance coverage on their purchases.
The insurance platform also gives merchants, especially micro, small and medium enterprises (MSMEs) the opportunity to earn referral income – merchants only need to have a GHL terminal without having to invest in extensive training.
“We are excited to be a key enabler of a flourishing fintech ecosystem in Malaysia by bridging the B2B2C segment,” GHL Systems Berhad’s CEO of Malaysia, Kevin Lee said.
“I am confident the launch of SenangSikit’s innovative user-friendly platform for micro insurance, offered in collaboration with Senang and its Insurer, The Pacific Insurance Bhd, will further enhance the buying experience of Malaysian consumers, while providing value-added services and capabilities for our clients.”
“With in-store shopping picking up steam and online purchases remaining high, customers continue to feed into consumer trends through retail shopping, further underscoring how important it is for insurtech companies like Senang to offer long-term, digitally-integrated value to our users.
“We are glad to be able to simplify the checkout operation by transforming a tedious, staid process into a more efficient and seamless experience for future policyholders through our collaboration with GHL Systems Berhad,” added Sharian Raj, Co-Founder of Senang.
The inclusion of Senang’s technology in GHL’s product offering will enable customers to purchase the SenangSikit insurance (Insured by The Pacific Insurance Bhd) at any retail outlet’s payment counter, which uses GHL’s smart terminal.
Consumers can log on here to create an account and to enquire on the purchase and microinsurance policy wording.
The customer can decide to continue to purchase by completing additional information required for the certificate of cover.
The customer can also notify any claims by registering it at this proprietary patent pending user-friendly portal, and reassured, the whole process of registering for the certificate and making a claim is hassle-free and simply a few clicks away.
Non-Malaysians will need to attach additional documents such as permanent resident card, work permit and passport in order to register for the cover or make a claim.
For interview requests and press releases, please contact us at email@example.com. For advertising inquiries, please email firstname.lastname@example.org. Thank you.