Allianz has partnered up with SeaMoney, the financial services arm of Shopee’s parent company, to launch a new travel insurance offering on the e-commerce platform. This is the third type of insurance being sold through the platform, as Shopee already offers motorcycle and car insurances on its app.
The travel insurance starts from RM3/day for domestic travel in Malaysia while international coverage starts from RM10/day. We tried it for ourselves and found that for travels to neighbouring countries such as Thailand, Singapore, and Brunei, the price quoted started from RM45.
The plan includes up to RM150,000 in coverage for Personal Accident Benefits and up to RM165,000 for Medical Related Benefits, including hospitalisation and Covid-19 protection. You can also get up to RM5,000 for the loss of personal luggage as well as trip curtailment or cancellation due to COVID-19. Additionally, the package offers RM200 for every six hours of luggage delay, capped at RM800, and RM300 for every six hours of travel delay, which is limited to RM2,000.
Add-ons are also available for users who want to include coverages for sports activities, sporting equipment, and high altitude mountaineering activities. To celebrate the launch of the new travel insurance plan, users can now get a 25% discount on premiums, while those travelling in groups of at least five people can get a 5% discount per person.
(Source: Shopee)
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