AXS Teams Up with HL Assurance to Launch Cyber Fraud Protection Insurance: Stay Secure Online!

Welcome to the latest scoop from the world of digital finance! On May 28, 2024, AXS, a seasoned player in secure and user-friendly payment solutions, made a splash by announcing a $3.5 million investment in Cyber Fraud Protection insurance in partnership with HL Assurance.

Now, what’s all the buzz about? Well, AXS users are in for a treat, as this new initiative promises to shield them from the perils of online fraud while sweetening the deal with a complimentary $5 AXS bill payment e-voucher upon sign-up. Talk about a win-win!

So, what exactly does this Fraud Protect360 insurance entail? It covers AXS users for up to $1,000 against cyber mishaps like unauthorized fund transfers and the dreaded online retail fraud, where you pay up but get zilch in return.

But here’s the kicker – this isn’t your run-of-the-mill insurance plan. Nope, it’s blazing trails with its comprehensive coverage of fraudulent transactions across emails, SMS, and even the ever-popular WhatsApp. That’s right, folks, a first in Singapore!

Chin Mun Chung, the CEO of AXS Services, couldn’t contain his excitement about this collaboration with HL Assurance. He sees it as more than just another insurance offering – it’s a lifeline for customers navigating the digital landscape, providing peace of mind and a much-needed financial safety net.

Kelvin Lim, the CEO of HL Assurance, echoed these sentiments, emphasizing their joint commitment to protecting customers’ interests. With AXS’s platform and innovative approach, they’re poised to set a new standard in combatting cyber fraud, ensuring greater security and peace of mind.

But who exactly is HL Assurance? They’re not your average insurance outfit – they’re part of the esteemed Hong Leong Group, synonymous with trust and reliability in Singapore. So, when they join forces with AXS, you know you’re in good hands.

Ready to beef up your cyber defences? AXS users can hop on board this new feature right from their AXS mobile app – no extra fees, no hassle. With just a few taps, you’re good to go, armed with the protection you need in today’s digital age.

So, what are you waiting for? Head over to for more details, and sign up today! Your cyber safety awaits.

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