Tune Protect Ventures gets conditional nod Bank Negara Sandbox

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Tune Protect Ventures has received conditional approval from Bank Negara Malaysia to participate in the Financial Technology Regulatory Sandbox.

Approval to test digital life insurance business for 12 months

It said the sandbox environment will allow TPV to innovate and offer a differentiated value proposition to the unserved and underserved communities in line with its aspiration of providing simple and affordable pure life and health protection, particularly for this market segment. “We believe they are now more open to buying simple life protection solutions, above and beyond their lifestyle, health, and SME package solutions from us,” said Nambiar.

“With this, we have been able to offer insurance solutions to large customer groups in an embedded and frictionless mode leveraging on our state-of-the-art technology infrastructure.

 

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