, Singapore
286 views
/AndersonPiza from Envato

Allianz Singapore offers up to $46,800 in scam protection

Two tier structure allows multiple shopping related claims under higher coverage level.

Allianz Insurance Singapore has launched a digital lifestyle protection plan to address the rise in online scams and e-commerce disputes in the country.

Allianz Cyber360 Protect is designed to cover these risks by providing reimbursement for losses from certain fraudulent transactions, including those linked to phishing, smishing and stolen payment cards.

The plan also covers related expenses such as administrative fees, transport costs and deductibles that are not reimbursed by financial institutions.

The policy extends to e-commerce disputes, offering compensation when purchased items do not arrive, are damaged, incorrect or lost during returns.

The product is offered in two tiers. The Gold plan provides up to $19,500 (S$25,000) in banking protection and covers one shopping-related claim per year.

The Platinum plan offers up to $46,800 (S$60,000) in banking protection, with coverage for up to three shopping-related claims annually.

Hicham Raissi, chief executive officer of Allianz Insurance Singapore, said the plan aims to provide straightforward protection for common digital risks linked to everyday activities such as online banking and shopping.

($1.00 = S$1.29)
 

Follow the link s for more news on

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.


The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.


So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.