AXA Affin Insurance Targets Safe Drivers with New Telematics Program
AXA’s Malaysian arm AXA Affin Insurance announced the launch of a telematics-based car insurance product called AXA FlexiDrive that provides policyholders with a device that can track mileage, speed, acceleration and braking to later create a driving behavior profile. The program provides three main benefits:
One. Up to 20% premium discount during renewal.
Two. Automatic accident alerts and assistance that can, for instance, trigger medical assistance when the device detects impact that exceeds a pre-determined severity.
Three. 24/7 vehicle security and theft recovery.
Also, policyholders will not be penalized for harsh driving. Bottom Line: the first-ever telematics auto insurance in Malaysia that rewards safe drivers .