Touch ‘n Go eWallet Rolls Out Travel Insurance Offering With AIA
by Fintech News Malaysia April 28, 2022TNG Digital, owner and operator of Touch ‘n Go eWallet, announced the launch of SafeTrip, its second insurance product collaboration with AIA Malaysia.
SafeTrip is a travel insurance plan for both domestic and international travel which covers travel inconvenience, medical expenses, personal accidents, and comes with extra COVID-19 protection.
It also gives international travellers an option to top-up their coverage for medical expenses related to COVID-19 to up to RM250,000 in total, enabling them to satisfy travel requirements of their destination country.
SafeTrip costs RM3 per day for domestic trips and RM10 per day for short trips in most Asian countries.
Users can buy this product directly from their Touch ‘n Go eWallet. They will have to select the travel destination, travel date, and the number of travellers to get a quotation instantly.
Once payment is completed via the eWallet, users will be covered the moment their trip starts.
According to TNG, submitting a claim is also easier and faster as the entire process from claims submission to instant claims payout is performed online.
SafeTrip is available for purchase on the Touch ‘n Go eWallet starting from today.
In July 2021, AIA had acquired a minor stake in TNG Digital as part of a long-term strategic partnership.
Effendy Shahul Hamid
Effendy Shahul Hamid, Group CEO of Touch ‘n Go Group said,
“As Hari Raya festival approaches, the introduction of this second insurance product is timely as we expect to see more Malaysians making plans to make up for lost time to reunite with their loved ones domestically and internationally.
Moreover, SafeTrip is affordable and convenient to sign up. It offers Touch ‘n Go eWallet users a rebate of up to 25% on domestic and international plans”
Ben Ng
Ben Ng, Chief Executive Officer of AIA said,
“Following the success of our first product collaboration, WalletSafe, we are excited to bring yet another innovative and personalised solution to benefit Touch ‘n Go eWallet’s over 16 million users. SafeTrip could not have come at a more appropriate time as many are looking to resume travel plans with the reopening of borders.
We believe this product is set to provide our partner’s users with the much-needed peace of mind when they go on their trips, in line with AIA’s purpose of helping people live healthier, longer and better.”
