Trust Bank, a leading financial institution in Singapore, has recently introduced a new fintech innovation that is set to revolutionize the way people purchase travel insurance. The bank has launched an in-app travel insurance service that is based on the user’s income, making it more accessible and affordable for everyone.
The new service is designed to cater to the needs of Singaporeans who are looking for a more personalized and cost-effective way to purchase travel insurance. With this new feature, users can easily select the coverage they need based on their income level, making it easier for them to find a plan that fits their budget.
One of the key benefits of this new service is that it eliminates the need for users to go through the hassle of filling out lengthy forms and answering numerous questions about their travel plans. Instead, users can simply input their income level and select the coverage they need, making the process quick and easy.
Another advantage of this new service is that it offers a range of coverage options that are tailored to the user’s specific needs. For example, users can choose from a range of medical coverage options, including emergency medical treatment, hospitalization, and repatriation. They can also select coverage for trip cancellations, lost luggage, and other travel-related issues.
In addition to its convenience and affordability, Trust Bank’s in-app travel insurance service also offers users peace of mind when traveling. With comprehensive coverage options and 24/7 customer support, users can rest assured that they are protected in case of any unforeseen events during their travels.
Overall, Trust Bank’s new in-app travel insurance service is a game-changer for the travel insurance industry in Singapore. By offering a more personalized and affordable option for users, the bank has made it easier for everyone to access the protection they need when traveling. As fintech continues to evolve and innovate, we can expect to see more exciting developments like this in the future.
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- Source: Plato Data Intelligence.