PolicyStreet Launches Flash Sale to Help Malaysians Manage Car Costs Amid Fuel Subsidy Reform

With 0% instalments and FREE road tax (rebate capped at RM177), PolicyStreet's Payday Flash Sale helps all car owners ease car-related expenses, regardless of vehicle type.

KUALA LUMPUR, Malaysia, June 9, 2025 /PRNewswire/ -- As Malaysians wait with bated breath for updates on the fuel subsidy reform, homegrown insurtech PolicyStreet is stepping in to offer a dose of certainty amidst the financial haze. On 24–25 June, from 11 AM – 1 PM, Malaysians can enjoy FREE road tax (capped at RM177) through a two-hour Payday Flash Sale tied to its Drive+ Membership, a timely move aimed at easing car ownership costs as concerns around rising fuel prices begin to mount.

"Everyone's feeling the pinch. And with the fuel subsidy reform in limbo, there's a lot of anxiety around what's next for petrol prices. We can't control the price at the pump, but we can give Malaysians a smarter way to manage their car-related costs. That's what this flash sale is about," said Yen Ming Lee, Co-founder and Group Chief Executive Officer of PolicyStreet.

To enjoy the RM177 road tax rebate, customers simply need to purchase PolicyStreet's Drive+ Membership at just RM9.90 (retail price: RM99.90) during the flash sale window on PolicyStreet's official car insurance renewal platform, car.policystreet.com. The membership unlocks a host of everyday-driving perks, including:

1. A flexible 0% Easy Payment Plan to split their car insurance costs across 3, 6, or 12 months
2. Free road tax renewal handling worth RM15
3. An RM20 voucher for the next insurance renewal
4. Prioritised support for renewals and insurance-related enquiries
5. Step-by-step guidance to help streamline car insurance claims

The Payday Flash Sale is open to all car owners, regardless of make or model. From the trusty Perodua Myvi to the sleek Honda City, PolicyStreet's Payday Flash Sale ensures everyday drivers have a chance to enjoy smarter savings on both insurance and road tax renewal.

"The Drive+ Membership was designed to ease the burden of rising living costs for the millions of Malaysians who rely on their cars to commute, work, and care for their families. In a time where everything feels uncertain, this is our way of saying: you still have options. Whether you're driving a compact car or a continental badge, we want every Malaysian to know they deserve reliable protection," added Yen Ming.

To secure the Payday Flash Sale benefits, users are encouraged to get a quote in advance and complete their purchase during the flash sale window. Those with car insurance expiring within the next two months should submit their details early to ensure they're ready to check out as soon as the sale goes live; no waiting around for a quote when time (and savings) are of the essence!

For those whose renewals aren't due just yet, getting a quote during the flash sale will enable you to lock in the offer for future use. With limited slots available on a first-come, first-served basis, early birds will truly stand to save more when every ringgit counts.

From easing cashflow through instalments to free road tax, the Drive+ Membership reflects the insurtech's core mission: to make protection accessible, affordable, and meaningful for all Malaysians. For more information, visit https://policystreet.com.my/. 

About PolicyStreet

PolicyStreet is a regional full-stack insurance technology (insurtech) group of companies providing cutting-edge digital insurance solutions to businesses and consumers in Southeast Asia and Australia.

PolicyStreet works directly with over 40 life, general insurers and Takaful providers globally to offer a comprehensive range of products and services, which includes but is not limited to embedded insurance, customised employee benefits, financial advisory and aggregation of insurance, as well as the development of digital solutions to make insurance purposeful and simple for businesses and consumers.

As a licensed Reinsurer, General Insurer and Takaful Operator by the Labuan Financial Services Authority (LFSA), an approved Financial Adviser and Islamic Financial Adviser by Bank Negara Malaysia (BNM), and a licensee of the Australian Financial Services License by the Australian Securities and Investments Commission (ASIC), PolicyStreet is able to underwrite, customise policies, and provide unbiased advice to its clients and partners worldwide.

PolicyStreet is backed by the Malaysian sovereign wealth fund, Khazanah Nasional Berhad, and serves over 5 million customers with over US$ 10 billion in sum insured. In 2024, PolicyStreet was recognised as "Fintech of the Year" at The Asset's Triple A Digital Awards and was the winner of the Fintech Excellence Award for Financial Inclusion at the Singapore Fintech Festival, endorsed by the Monetary Authority of Singapore (MAS). The company was also ranked as the second-highest Malaysian company in the "High-Growth Companies in Asia Pacific 2024" list by Statista and The Financial Times.