PUTRAJAYA: The Malaysian Family Vehicle Insurance Financing Programme myezycover.com was implemented for the first time via digital online that will benefit 1.6 million civil servants with permanent and contract status.
Prime Minister Datuk Seri Ismail Sabri Yaakob said, they are qualified to apply provided the ratio of their debts is not more than 60 per cent of the total monthly income.
Ismail said, the Malaysian Family Vehicle Insurance Financing Programme myezycover.com will also be extended to the staffs of government linked companies (GLC) and government investment companies (GLIC) and private sectors in the near future.
“The facility includes renewing vehicle insurance policy and road tax via financing without interest or zero per cent. Civil servants could renew the vehicle insurance and road tax without any deposit payment.
“The instalment repayment for 10 months will be implemented via Pay Cut Scheme ANGKASA (SPGA),” Ismail said in his speech when launching Malaysian Family Vehicle Insurance Financing Programme myezycover.com here today.
The Prime Minister stressed that civil servants could renew the vehicle insurance at the finger tips via Keluarga Malaysia myezycover.com with “Ease, Economical and Fast” and the protection insurance could be provided within five minutes.
“The financing is based on the concept that adheres to the syariah “Qardhul Hasan” that is loan without interest and element of usury. With several benefits offered, civil servants could take additional protection which is more comprehensive for their vehicles,” Ismail said.
The Prime Minister added, the insurance programme had been announced on 1st May in conjunction with Labour Day and as promised the government is now making it into a reality. – Malaysia World News