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Rabu, 26 Juni 2019 17:59:00

Etiqa introduces first-in-market online travel insurance to transit travellers in Singapore

SINGAPORE, - 26 June 2019 - Transit travellers in Singapore can now enjoy travel protection with the enhanced Tiq Travel Insurance by Etiqa. The digital-first insurer takes the lead to provide online travel insurance for foreigners on tourist visas, who can now purchase the plan conveniently when they are in Singapore if they plan to take return trip(s) from the island city. 

In general, local travel insurers only provide plans that are meant to be used by those residing in the country. Recognising Singapore as a global business and tourism hub, Etiqa provides transit travellers the flexibility and convenience to stay protected when they make Singapore their travel base. This will largely benefit Visiting Friends and Relatives (VFR) travellers and those whom they are visiting.

"When travellers come to Singapore to visit their friends and relatives who are working or studying here, they may have plans to travel together. We see the potential of VFR travel in Singapore, and wish to extend simple and convenient travel protection to all." said Sue Chi Kong, Chief Executive Officer of Etiqa Insurance Pte. Ltd. As of June 2018, foreigners, permanent residents and new citizens make up over 40 per cent of the population in Singapore.

Launched last December, Tiq Travel Insurance is designed to cater to changing travellers' demographics, travel style and party composition with features such as three-generation family plan and automated flight delay benefits upon three consecutive hours of delay, as opposed to industry's norm of minimum six hours' delay.

At present, overseas visitors with travel plans that begin and end in Singapore can be covered under the Group, Family and Married Couple plans, as long as the Policyholder is a Singapore citizen, permanent resident of Singapore or foreigner residing in Singapore with a valid pass. (*).

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