ShopeePay provides RM30,000 in personal accident coverage for just RM20

Personal accident coverage with a starting cover of RM20 is now available to Malaysians, courtesy of the new partnership between ShopeePay and Allianz General.

, and Administrator

2025 September 12 . 9:14 AM

2 min read

Affordable ShopeePay Insurance: Receive RM30,000 Personal Accident Coverage for as Little as RM20

ShopeePay provides RM30,000 in personal accident coverage for just RM20

In a bid to expand access to affordable protection, particularly for lower-income groups, Malaysians can now purchase personal accident coverage from ShopeePay and Allianz General Insurance Company (Malaysia) Berhad. This initiative supports Bank Negara Malaysia's Perlindungan Tenang programme.

Two plans are available under this collaboration: Plan 1 and Plan 2. Plan 1 offers RM30,000 coverage for death or permanent disablement, RM50 per day in hospital income for up to 30 days (applicable at government hospitals), medical expenses of up to RM500, and a one-time flood evacuation relief of RM500. Plan 2 extends the protection to RM50,000, RM100 per day in hospital income, RM750 for medical expenses, and RM750 for flood relief.

The coverage is eligible under the Perlindungan Tenang Voucher (PTV) Programme, which offers a RM30 subsidy to up to two million Sumbangan Tunai Rahmah recipients under the National Budget 2025. As a result, the coverage is available at prices ranging from RM20 (with a government subsidy) to RM75 annually (before sales tax).

To redeem the voucher, users can complete the redemption process directly in the ShopeePay or Shopee app by selecting "Tenang" on the Insurance Homepage, confirming eligibility, and finalising the application. Successful applicants will be notified by email and receive a RM10 Shopee voucher with no minimum spend.

The personal accident insurance offered through this new collaboration is provided by Allianz General Insurance Company Berhad, and the collaboration is set to last for three years. Voucher eligibility can also be checked at myptv.my.

With the voucher, the premiums start at RM20 excluding sales tax, or RM24 with sales tax. Both hospital income and medical expense claims are only applicable at government hospitals.

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