Mox Bank enters insurance with QBE tie-up in Hong Kong

The first offering is “Personal Accident Cushion,” a general insurance product.

Mox Bank Limited has officially entered Hong Kong’s insurance market following the granting of its Insurance Agency License by the Insurance Authority.

The bank launched “Mox Insure,” its new insurance service platform, and unveiled an exclusive bancassurance partnership with QBE Hongkong & Shanghai Insurance Limited.

The first offering under the partnership is “Personal Accident Cushion,” a general insurance product underwritten by QBE and fully integrated into the Mox app.

The product offers a fully digital application, policy management, and claims process.

Three coverage plans are available—Basic at $2.6 (HK$20) per month, Value at $7.8 (HK$60), and Max at $13 (HK$100)—providing up to $260,000 (HK$2m) in coverage for accidental death or permanent disablement.

The policy includes double indemnity for public transport-related accidents, flat-rate pricing regardless of age, and 24/7 worldwide emergency assistance.

Benefits include medical expense coverage, rehabilitation support, and family-focused features such as parent care.

Mox said it plans to expand “Mox Insure” further with more digital insurance products in the coming months.

($1.00 = HK$7.85)