Coworking Space DOJO KL Sells SME Insurance to Members

Virtual office and coworking space Dojo KL has the office in the heart of the financial district of Kuala Lumpur, the capital city of Malaysia - it is located at Menara Amplewest, Jalan P.Ramlee, KL - walking distance from KL Tower.

With amenities which includes hot shower and a zen garden, it is in Dojo's blood to combine a fusion of modern contemporary design with traditional Japanese elements, DOJO’s 7,000 sqftmulti-faceted workplace features functional spaces such as social areas, focus zones, and Etc.

On Feb 9, 2018, I was informed by cofounder Jack Chan that Dojo KL has begun to make available affordable insurance scheme to its members.

For your information, there is no law in Malaysia to mandate employers to provide employees with insurance coverage, never mind the start-up space.

Converting challenge to opportunities, Dojo partners with PolicyStreet to launch the Employee Protection Plans from RM30 a month with an annual coverage of RM12,000.

PolicyStreet’s Wilson Beh, concurs.

“We support Bank Negara Malaysia’s call to increase the national insurance penetration rate to 75% by 2020 from the current 56%. By collaborating with DOJO, we are able to promote a highly affordable Employees Protection Plan to Malaysian SMEs and build a strong awareness on the need of having the right protection. We wholeheartedly believe that we can do more to help Malaysian SMEs to be protected with the right protection and we aim to do that with one employee at a time, one company at a time.”

One such customer is DOJO KL member - Singapore-based AI email marketing startup, Ematic Solutions Pte Ltd. Its Regional Head of Insights Joshua Kong said, “This is an unbelievably good deal for any startup, and we’ve signed up for it to protect our staff. Startup or SME, I highly recommend this service”.

Wilson and Jack

Other insurance facts shared by Jack Chan:
  • Insurance penetration stands at just 56% of total population in Malaysia
  • Online insurance distribution still accounts for less than 0.1% of business volume
  • By eliminating double-counting, only 35% of adults have some form of cover