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myTukar and Collaborates to Offer Industry-First Insurance Policies for Pre-Owned Car Purchases

myTukar customers can now receive insurance for their pre-approved car purchases with instant quotations from a few insurance providers for comparison

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PolicyStreet co-founders (from left): Wilson Beh, Winnie Chua, and Lee Yen Ming.

Kuala Lumpur, 10 June 2021 – myTukar Sdn. Bhd. (the Company), Malaysia’s fastest-growing digital used car platform today pioneered another first for the industry with a collaboration with owned by Polisea Sdn. Bhd., an approved Financial Adviser and Islamic Financial Adviser by Bank Negara Malaysia.

Commenting on the collaboration with, Fong Hon Sum, CEO of myTukar said, “We are extremely pleased to have found a like-minded partner to collaborate with us in our quest to spearhead the transformation of the pre-owned car industry. was born out of a need for change in the traditional century-old insurance industry, and aims to democratise insurance by making it Simple, Easy and Affordable – which is very much in line with myTukar’s mission of making pre-owned car buying and selling simple, convenient, efficient and transparent.”

Through the collaboration, myTukar’s wholesale and retail customers can now receive insurance quotations instantly with access to most major insurance providers within one platform at The services support both new car insurance as well as renewals.

myTukar is the partner of and is one of the first online car retailers to provide insurance from multiple companies. Obtaining insurance is easy and conveniently done within one online platform where customers will receive a few quotations within minutes at the push of a button. Customers will then be able to select the policy that is most suitable for them.’s CEO, Lee Yen Ming said, “We are excited to be partnering with myTukar to deliver the transformation that myTukar is looking for in enabling seamless motor insurance purchase for all of myTukar’s customers. We do this by making insurance simple, easy and affordable. We are looking forward to enhancing this with more insurance solutions in the near future.”

myTukar customers can now have access to the best and most suitable car insurance for them in 3 easy steps:

  1. Key in Details – key in their car details and generate instant quotes
  2. Compare best price – compare and get the best insurance quotation from a list of insurance providers
  3. Make Payment – Fill up your details with add-ons if any and make payment

Some of the insurance providers that have come onboard with myTukar via include Allianz General Insurance Company Berhad, AXA Affin General Insurance Berhad, Berjaya Sompo Insurance Berhad, Pacific and Orient Insurance Co. Berhad, RHB Insurance Berhad and Syarikat Tafakul Malaysia Am Berhad. This list is not exhaustive as more insurance providers are in the process of coming onboard as well. These insurance providers cover basic insurance add-ons and agreed value.

For more information on the insurance provided for myTukar customers, visit the interactive consumer website at or call 1800-22-5999 to speak to a product genius.

About is an insurance technology company which advances inclusive insurance in South East Asia. is the brand name of Polisea Sdn. Bhd. who is an approved Financial Adviser and Islamic Financial Adviser under Section 11 and 15 (1) of the Financial Services Act 2013 from the Bank Negara Malaysia It currently works directly with over 35 life and general insurance and takaful providers in Malaysia offering various insurance products and services.

PolicyStreet democratizes the insurance industry by making insurance simple, easy and affordable. Visit and get your right protection now!

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