Individual customers can buy, edit, and claim insurance directly through DearTime’s mobile app No commission, no frills; with affordable insurance premiums for Malaysians DearTime is an approved participant in the Bank Negara Malaysia Fintech Regulatory Sandbox to conduct life insurance business According to Bank Negara Malaysia, the life insurance and family takaful penetration rate lies at a worrying 36.5% [1] . Only 4 out of 10 Malaysians are currently protected, a far cry from the government’s previous aim of reaching 75% by the year 2020. Amidst this concerning statistic, Founder and CEO Jon Ng has launched DearTime to close the insurance penetration gap in Malaysia by offering insurance that is affordable, simple, and accessible to all through fully digital means. It is the first life insurer in the Bank Negara Malaysia Fintech Regulatory Sandbox [2] , which aims to provide a regulatory environment that is conducive for the deployment of financial technology and facilitate overal
