GXBank will begin rolling out simple and affordable digital insurance products in Q3 2024. The first product aims to offer protection against online scams.
), Malaysia’s first digital bank, has announced a 10-year exclusive bancassurance partnership with Zurich General Insurance Malaysia Berhad and Zurich Life Insurance Malaysia Berhad. The tripartite partnership aims to introduce micro-protection products to address the insurance needs of the underserved.
The first digital insurance product is expected to be introduced by GXBank and Zurich Malaysia in the third quarter of this year and will focus on protecting underserved individuals from unauthorised transactions resulting from cybercrime, as well as transactions initiated by electronic scam messages.
Malaysians against life and financial uncertainties. As a young digital bank, we are excited to partner with Zurich Malaysia who has a presence in 200 countries and is at the forefront of transforming insurance services. Together, we hope to fractionalise insurance and make it affordable for every Malaysian.”
Quoting a 2023 survey by PwC, 84% of the uninsured population in Malaysia are aged between 18 to 34 years old. It highlighted an alarming statistic that 58% of adults in Malaysia do not have any life or takaful insurance.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Good Vibes Festival 2024 Bakal Meriahkan Genting Highlands Pada 20 & 21 Julai 2024Good Vibes Festival (GVF) 2024 akan diadakan di Resort World Awana berhampiran kawasan parkir bas Genting Highlands Premium Outlet (GHPO).
Read more »
GXBank to establish regional centre of excellence for shared services in MalaysiaKUALA LUMPUR, April 24 — GX Bank Bhd (GXBank) will set up a regional centre of excellence (COE) for shared services in Malaysia. GXBank said the COE is slated to be...
Read more »
Best smartphones in Malaysia under RM2,000 (May 2024)The RM2,000 price point for smartphones is very competitive these days. If you're burdened by the many choices out there, here's our list of the best smartphones under RM2,000.
Read more »
TechNave Business Bytes Week 1 May 2024: Kaspersky Warns, Lenovo Builds, Malaysia's Cybersecurity and moreIn this week's TechNave Business Bytes Week 1 May 2024 we cover cybersecurity, technology advancements, business opportunities, and consumer trends. K
Read more »
Activities kick off as Cradle's MYStartup becomes Patron of Endeavor Malaysia for 2024Endeavor Malaysia aspires to strengthen impact on startup ecosystem MYStartup entrepreneurs gain access to opportunities designed to fuel growth Activities have begun in the Endeavor Malaysia-MYStartup partnership with the Cradle powered platform, that was launched as the Single Window into Malaysia's startup ecosystem during the April 22-23 KL20,...
Read more »
BYD Atto 3 2024 Malaysia: Official pricing and what's newThe updated BYD Atto 3 2024 has arrived in Malaysia. Offered only in Standard Range, it has a bigger 15.6' screen and more features at no extra cost.
Read more »