Honda Malaysia Introduces Enhanced Loan Protection Program

Honda Malaysia has introduced an enhanced coverage in the Customer Car Loan Protection Program for all new Honda customers as a way to elevate the ownership experience.

The Honda Customer Car Loan Protection Program is offered to all customers who register a new Honda vehicle between 1 October and 31 December 2021*. These customers will be entitled to car loan protection for a period of 1 year*. In the event that the customer loses his/her job in the first year of car ownership, a car loan subsidy of RM12,000* will be disbursed to support said customer for the monthly instalments. This amount is a 100% increase compared to the previous insurance coverage.

Other benefits of the Customer Car Loan Protection Program include death or permanent disability coverage worth RM20,000* (also increased by 100% compared to the previous coverage); burial or cremation coverage worth RM2,000*; and repatriation expenses worth RM5,000*. With a total coverage worth up to RM39,000*, this program will offer additional benefits besides the standard car insurance coverage. This is aimed at providing assurance and peace of mind to customers during the current challenging situation. “We are mindful that having an ownership of a personal mode of transport to commute safely with one’s family is an important need for most Malaysians. By introducing the enhanced Customer Car Loan Protection Program, we aim to help our customers by providing them with some financial support to ease their monthly instalments should the customer be unexpectedly out of employment. This enhanced insurance initiative is to protect the car loan of new Honda customers so that they can continue to enjoy their new car with peace of mind and without disruptions,” said Honda Malaysia Managing Director and Chief Executive Officer Ms. Madoka Chujo

Alongside this insurance initiative, Honda Malaysia also introduced a new Vaccinated Customer Program. Under this program, all new Honda customers will be entitled to a service voucher worth RM250* with a 1-year validity period if they are registered for the national vaccination program OR have received vaccination confirmation and appointment OR have been vaccinated either partially or fully. This is valid for customers who register their new car within the campaign period i.e. 1 October – 31 December 2021*. To be eligible, customers are required to show proof of their participation in the vaccination program via the MySejahtera app.

“Being aware of the needs of our customers, we are not only focusing on sales but also to support our customers during aftersales services. Additionally, Honda Malaysia will begin the new Vaccinated Customer Program in October 2021 by offering benefits such as service vouchers. This program is an initiative by Honda Malaysia to support the Malaysian Government’s vaccination program and to encourage people to get vaccinated in an effort to achieve herd immunity. We strongly believe that these programs that we have initiated will help support our customers to tide through this difficult period and more importantly, we wish to share with them the joy of owning a Honda car,” added Ms.Chujo.

Additionally, Honda dealerships nationwide have restarted operations under the National Recovery Plan (NRP) with strict compliance to issued Standard Operating Procedures (SOPs). In September 2021, all Honda dealerships nationwide participated in the ‘I’m Vaccinated’ campaign and all Honda dealer associates on duty are already fully vaccinated. Further, Honda Malaysia is committed to ensuring the implementation of all safety precautions for the peace of mind and well-being of all Honda customers and associates at the dealerships.

For more information on the enhanced Customer Car Loan Protection Program and new Vaccinated Customer Program, visit a Honda authorised dealership or www.honda.com.my, or call Honda’s Toll-Free number (1-800-88-2020).

* Terms and Conditions apply

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