Malaysian insurer Tune Protect announced that it has launched its first personal cyber crime insurance for individuals named Tune CyberSecure.
With premiums from RM145 per year, Tune CyberSecure protects customers against cyber risks including electronic fund transfer fraud, online retail fraud and identity theft, with coverage up to RM10,000.
Tune CyberSecure covers the entire family and the electronic devices connected to the internet at the registered address.
Customers will be able to secure the policy online with coverage confirmation within 7 minutes, and obtain clarifications or direct their queries through the 24/7 incident response call center at its toll-free line 1800 819 783.
Tune Protect had partnered with home growth insurtech Senang as its corporate agent to distribute the product via their digital platform.
The unique offering aims aims to protect customers from cyber threats with 24/7 technical support in light of the alarming number of recent data breaches.
“Cyber insurance has previously been seen as something only relevant to businesses, but this is no longer the case due to the rapidly increasing number of cybercrimes against individuals.
In line with our digital and mobile-first strategy, we are thrilled to introduce Tune CyberSecure as one of our initiatives to make cybersecurity accessible to everyone,”
said Jubin Mehta, Chief Executive Officer of Tune Protect Malaysia.
