Press Releases

Etiqa Launches the First-in-Malaysia Insurance and Takaful Coverage for Electric Vehicle Home Chargers

Malaysia

Driven by the country’s aspiration to go carbon neutral by 2050, Etiqa has taken another step in supporting this endeavour with the launch of the first-in-Malaysia insurance and takaful coverage for Electric Vehicle (EV) Home Chargers today. The coverage is available as a complimentary add-on to an Etiqa private car policy or certificate for newly registered battery-powered Electric Vehicles (BEV) or Plug-in Hybrid Electric Vehicles (PHEV). Standalone coverage for EV home chargers under the All Risk Insurance and Takaful plan is also available for EV owners who have purchased the EV home wall charger separately from their new motor insurance/takaful. The motor insurance and takaful plans are underwritten by Etiqa General Insurance Berhad and Etiqa General Takaful Berhad.

The campaign period for the free add-on Home Wall Charger coverage for newly registered EV motor insurance and takaful, runs from now until 31 March 2023. Coverage for both add on and the All Risk Insurance and Takaful will include for fire, theft (forcible & violent entry), lightning, and explosion, bursting or overflowing of water tanks, or pipes, typhoon, windstorm, earthquake and flood.

Chris Eng, Etiqa’s Chief Strategy Officer said, “As a leading insurance and takaful operator that champions Sustainability, Etiqa is pleased to offer the first-in-Malaysia insurance and takaful coverage for EV Home Chargers. We hope that this will ease the concerns of car owners in considering EVs as an attractive option when purchasing new vehicles and spark further conversation in the personal choices we can all make to tackle climate change”.

At Etiqa, we seek to Make the World a Better Place, and by offering solutions that encourage personal and corporate sustainability, we hope to encourage our customers and stakeholders along this Sustainability journey as well,” he added.

Etiqa has been ramping up its sustainability initiatives since 2019, focusing on both internal initiatives to reduce our carbon footprint and increase our social impact as well as external solutions that allow our clients to do the same. Some of Etiqa’s recent sustainability initiatives include installing EV charging stations at its HQ operations at Dataran Maybank, as well as Menara Etiqa to provide convenience for both customers and staff, and the launch of Etiqa’s first ESG fund, the Premier Global Sustainable Equity Fund (PGSEF) that is designed to deliver performance through investing in sustainable companies. Etiqa is also a pioneer partner with the Employee Provident Fund (EPF) in providing insurance and takaful to EPF members via the utilisation of funds in their Account 2, thus encouraging more Malaysians to get affordable protection solutions.

For more information on insurance and takaful coverage for EV Home Chargers please go to eti.qa/ev-insurance or eti.qa/ev-takaful, visit the nearest Maybank branch, call 1300 88 6688 or go to www.maybank2u.com.my.