Tune Protect Partners Baoviet to Offer Travel Insurance for Vietjet Air’s Flyersby Fintech News Malaysia July 6, 2023 0 comments
Tune Protect Group’s reinsurance subsidiary has rolled out its travel insurance offering on Vietjet Air’s website in partnership with Baoviet Insurance. The sale went live on 5 July 2023.
Vietjet Air is Vietnam’s largest private carrier and is the group’s seventh airline partner so far. Other airlines include AirAsia, AirAsia X, Bamboo Airways, SalamAir, AirArabia and FlyArna.
The travel insurance will offer a range of benefits including medical, personal accident and travel inconveniences which can be selected when booking a flight on Vietjetair.com.
Baoviet is the primary underwriter for all the travel policies sold by Vietjet Air, after which part of the insurance premium is ceded to Tune Protect Re.
The technology powering the travel insurance offering is by White Label, the group’s insurtech arm.
“We are excited to partner with Baoviet Insurance and Vietjet Air as we are completely aligned strategically in offering affordable travel and travel insurance to meet travellers’ demands while contributing to boosting the regional travel and tourism economy.
We have been chosen due to our key strength in travel technology and capabilities, as well as our extensive experience in partnering with six other airline partners across ASEAN and the Middle East,”
said Rohit Nambiar, Tune Protect Group’s Chief Executive Officer.