Fi Life has launched its first self-underwritten life insurance product catered to women below the age of 55. Said to be the cheapest life insurance for women, the Malaysian-based insurtech startup guarantees the lowest life insurance premium to be offered in the nation.
“As one of the first movers in Malaysia’s nascent digital insurance market and the first to offer online life insurance, we have been working hard to make insurance more affordable for Malaysians,” commented Malek Ali, Founder and CEO of Fi Life.
“We believe nobody should have to choose between protecting themselves and their loved ones or being uninsured due to cost. It is imperative that we make insurance easy and affordable. So, it is more accessible to those that need them the most.”
Additionally, Fi Life is offering the highest sum assured of RM1 million for among all life insurance policies offered online. The firm also offers the cheapest life insurance for men in their prime working ages and covers foreign professionals with work permits too.
“As Malaysians, we also want to contribute to the financial inclusion of women in the country. With us, women will get more for their money when they sign up for a policy because a RM1 million life insurance policy from Fi Life can be as cheap as RM2 per day. Most importantly, they will be empowered by the ability to get it without relying on others,” he added.