If you are a GXBank user, you will see a new feature on your app called Cyber Fraud Protect. Power by Zurich Edge platform, this new feature was designed as a digital insurance product to safeguard Malaysians from financial loss from unauthorised electronic transfers.
In a new partnership between Zurich and GXBank, Cyber Fraud Protect offers coverage for financial losses from any local bank account, e-wallet, credit or debit card. On the app, you can see three plans offered - Basic (RM1/month), Plus (RM2/month), or Pro (RM4/month). If you opt for the Basic plan, you can claim back your losses up to RM2,500 per month or RM5,000 per year.
After choosing a plan, you will need to verify your email address to ensure receipt of all important policy-related communications and confirm details of the selected plan, including coverage terms and premium breakdown. After that, approve the transaction through GXsecure, and the policy will be activated instantly.
Coverage details will be available in the app and a certificate of insurance will be sent via email. The monthly premium will then be automatically deducted from the customer’s GXBank account. For further information on Cyber Fraud Protect, you can visit the official website here for more details.
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