Kongsi Protect, In Partnership With AXA Affin General Insurance

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Kongsi Protect, In Partnership With AXA Affin General Insurance

Kongsi Protect For MSME Business Owners.

According to the Malaysia FinTech Report, only 52% Malaysians are insured. Insurance are particularly important for business owners as a form of financial planning.

In partnership with AXA Affin General Insurance, Qu Exchange is introducing Kongsi Protect for micro, small and medium business owners. From 15th January 2020, business owners that sign up a Business Account on Qu Exchange and successfully pledged will be eligible to be insured by a complimentary hospital income plan, Kongsi Protect.


  1. If you are hospitalised due to sickness or any accident, you are entitled to RM100/day hospital allowance, up to maximum 180 days per lifetime.
  2. Personal accident protection provides compensation up to RM15,000 in the event of disabilities, bodily injuries or death caused by accident.

Here’s how to get insured:

  1. Download the Qu Exchange app
  2. Sign up for a Business Account
  3. Pledge for Qu Point
  4. Once pledge is successful, our User Support will get a few details from you
  5. Receive your Insurance Certificate


Qu Exchange Terms & Conditions:

  1. The insurance policy is only eligible to business owners or directors.
  2. Business Users will need to pledge for 30,000 Qu Point in order to be eligible.
  3. Only one policy can be issued to every individual.
  4. To renew the policy, the company has to pledge again before the expiry of the policy. If unable to do so, they may pay the premium in Qu Point.

Important Notes:

  1. Kongsi Protect is underwritten by AXA Affin General Insurance Berhad.
  2. Kongsi Protect is a Hospital Income Plan which offers cash allowance on a daily basis if you are hospitalised for treatment of a medical condition or accident.
  3. Eligibility to Kongsi Protect is subject to Qu Exchange Terms & Conditions, AXA Affin General Insurance Berhad Terms & Conditions, or any relevant terms & conditions that Qu Exchange may impose from time to time with prior notice.
  4. It is open to Qu Exchange Business Users who are a Malaysian citizen/permanent resident of Malaysia/Malaysian employment passholder/holder of valid work permit who aged between eighteen (18) and fifty (50) years (age last birthday) at the time of registration.
  5. Sixty (60) days waiting period for all claims due to sickness.
  6. The benefits of Kongsi Protect are further subjected to exclusions. The precise terms, conditions and definitions are specified in the insurance policy. Please refer to the policy contract for the full listing of these exclusions as the contents above are not exhaustive.

To read the Kongsi Protect Policy Wording, click here

To read the Kongsi Protect Product Disclosure Sheet, click here

Exclusion & Limitation of Liability

Qu Exchange shall not be liable in contract, tort (including negligence or breach of statutory duty) or otherwise, for (i) any loss of profit, business or revenue, (ii) any costs or expenses, or any special, indirect or consequential damages of any nature whatsoever, suffered or incurred by the User as a result of or in connection with this Campaign.