Zurich Basic Insurance coverage Malaysia and GXBank have collectively launched Cyber Fraud Defend, a digital insurance coverage product designed to defend clients from monetary losses resulting from cybercrime.
This new providing, obtainable by means of the GXBank software, is powered by the Zurich Edge platform.
Cyber Fraud Defend supplies protection for unauthorised digital transfers from financial institution accounts, e-wallets and playing cards.
The product provides three plans: primary at RM1 ($0.23) per 30 days, plus at RM2 per 30 days and professional at RM4 per 30 days.
Zurich Malaysia nation CEO/head Junior Cho stated: “Cyber Fraud Defend embodies our model promise, ‘Care For What Issues,’ by delivering important safety in an more and more digital world. We’re assured it can provide Malaysians the strong safety they want in as we speak’s fast-changing digital panorama.
“In designing and launching this product, our major focus was guaranteeing a clean, constructive buyer expertise, and with the Zurich Edge platform we’ve been in a position to just do that, delivering a seamless and handy in-app buying journey for GXBank clients.”
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GXBank CEO Pei-Si Lai stated: “Co-creating Cyber Fraud Defend with Zurich, this product is exclusive and one-of-a-kind. It not solely provides the best protection safety of as much as RM20,000 in opposition to losses resulting from unauthorised transactions from cybercrimes, but in addition the widest protection for all native financial institution accounts, debit or bank cards and e-wallets past GXBank’s ecosystem.”
As a part of the collaboration, Zurich Malaysia and GXBank may also launch different new insurance coverage merchandise.
It expands the current bancassurance partnership between Zurich Malaysia, which incorporates Zurich Basic Insurance coverage Malaysia and Zurich Life Insurance coverage Malaysia, and GXBank.
The businesses intention to develop micro safety merchandise for Malaysia’s underserved communities.
GXBank will utilise expertise to pinpoint buyer ache factors, working with Zurich Malaysia to craft digital insurance coverage options.
