Homegrown startup YouTrip announced today (July 4) that it has added on a new travel insurance product to its multi-currency app.
Rolled out in partnership with online insurance provider, HL Assurance (HLAS), YouTrip’s newest addition is applicable for all local users.
With this add-on, travellers can purchase a single-trip policy directly via the YouTrip app and enjoy up to 65 per cent savings. This is a timely move, considering that international travel is rising as travel restrictions have been much more relaxed with travel borders opening up.
“This integration of insurance in our suite of financial services gives users a peace of mind. As a company, this is also a significant step in our work to build a borderless banking product for travellers in the region — from promising the most affordable and convenient multi-currency payments, and now, protection,” said Caecilia Chu, co-founder and CEO of YouTrip.
Bringing ease into the travel market
Utilising YouTrip’s travel insurance, travellers are entitled to 15 per cent cashback on every purchase of a single-trip policy from the HL Assurance COVIDSafe Travel Protect360 Enhanced Plans.
The plan encompasses comprehensive and flexible travel insurance products in Singapore, factoring in Covid-related situations: flexibility in travel date changes, overseas hospital cash benefits, quarantine allowance, and most importantly, reimbursements on travel delays, postponements and disruptions.
In addition to the guaranteed cashback, users can also look forward to an additional 40 per cent discount off the premium, and up to 10 per cent No Claim Discount (NCD) from now till 31 July 2022,
YouTrip’s travel insurance add-on is easily accessible on its app. The application simply utilises an existing user’s pre-stored information, and payments are deducted securely from the YouTrip wallet.
Its newest introduction builds on the Mastercard Flight Delay Pass travel benefit launched earlier this year. The pass allows users and a travel companion to access over 1,000 airport lounges worldwide in the event their pre-registered flights are delayed for at least two hours.
Earlier in May, YouTrip also entered the B2B payments space with the launch of its corporate card, YouBiz, aimed at SMEs, offering zero foreign exchange fees and one per cent cashback on all card spending.
It’s clear to see that YouTrip is slowly strengthening its foothold in the travel industry, enhancing its services to promote a borderless banking platform for those in Southeast Asia as it aims to offer holistic travel-related services.
Featured Image Credit: YouTrip