BJAK approved by Bank Negara Malaysia

PETALING JAYA: Online insurance platform BJAK is now recognised as an approved financial adviser by Bank Negara Malaysia, as more Malaysians turn to digital channels for vehicle insurance renewal.

In a statement, the company said the recognition reinforces its position as a regulated platform offering insurance and takaful comparison services.

Through BJAK, it said users can compare plans from up to 16 insurers and takaful providers on a single platform based on pricing, coverage, and benefits.

The service is aimed at promoting more informed financial decisions and improving transparency in the insurance renewal process.

“As online scams and misinformation continue to grow, Malaysians are encouraged to verify the legitimacy of financial service providers before making payments or sharing personal information online,” the company said.

BJAK also provides online road tax renewal services, which it said further simplify vehicle-related transactions for users.

The company urged consumers to compare options before renewing insurance, choose regulated platforms, and review policy coverage and benefits before making purchases.

“Consumers are encouraged to compare multiple insurers and takaful providers for better value and protection,” it added.

For more information, visit BJAK.com.