Travel Insurance Starting at RM3/Day Now Available on Shopee
by Fintech News Malaysia April 15, 2024SeaMoney, the financial arm of Sea Limited, has expanded its insurance offerings in Malaysia by launching a new travel insurance product available through the Shopee platform, in partnership with Allianz General Insurance Malaysia.
This new offering, accessible via Shopee, starts at RM3 per day for domestic trips and RM10 for international travellers.
It includes up to RM150,000 in personal accident benefits and up to RM165,000 for medical-related benefits, encompassing hospitalisation and COVID-19 protection.
The insurance also covers travel inconveniences such as curtailments, delays, luggage issues, and trip cancellations, with additional options available for sports and high-altitude activities.
To promote the launch, SeaMoney is offering a 25% discount on premiums. Additionally, groups traveling with five or more people can enjoy a 5% discount per insured individual.
The purchase process is streamlined through the Shopee app or website, where customers can select from various flexible payment methods, including installment plans of up to 12 months available through SPayLater.
Purchasing the insurance involves a five-step process on the Shopee platform: entering basic travel details such as destination, travel dates, and number of travelers; filling in personal details and selecting policy add-ons; providing additional details for group policies; confirming all travel information before checkout; and choosing a payment method to finalize the purchase.
Alain Yee
Alain Yee, Head of SeaMoney Malaysia said,
“By partnering with Allianz, we aimed to make acquiring travel insurance a much simpler process for Malaysians, offering them peace of mind on their trips within just a few clicks.
We also look forward to future collaborations with our strategic insurance partners as we aim to grow and expand our catalogue of insurance offerings in hopes to make insurance and protection more easily accessible to Malaysians everywhere.”
Sean Wang
Sean Wang, CEO of Allianz General said,
“Travel insurance has always been an integral yet overlooked form of protection. There are many things that can otherwise spoil what is an enjoyable experience.
Through this partnership we are thrilled to involve more Malaysians in the insurance industry and keep them protected so they can travel worry-free and with full confidence.”
