The world today is full of risk and unfortunate events that can affect our lives drastically. Unfortunately, the current insurance model only guarantees benefits based on predicted risk premium pricing, making protection unaffordable for certain demographics.
Malaysian communities have long protected themselves with pooled funds and resources, similar to the concept of Ta’awun (mutual assistance), which reduces the cost of loss per individual as the risk is shared among the larger collective community.
VSure.life, as Malaysia’s first On-Demand Lifestyle Digital Insurer approved by Bank Negara Malaysia under the Financial Technology Regulatory Sandbox, pride ourselves as the leading innovator in driving financial aid inclusivity and social economic empowerment to the masses, with the goal to make insurance even more affordable and accessible.
We believe we can make the power of sharing amongst the community happen effectively and efficiently with the Community Financial Assistance Program (CoFAP).
Our proprietary product design, modelling and unique platform helps channel the financial aid assistance to members who encounter unfortunate life risk events to reduce the impact of rising medical costs, especially considering the recent pandemic outbreak of viruses (COVID-19), infectious diseases and the areas of critical illnesses.