SeaMoney partners with MSIG to launch comprehensive travel insurance to Shopee customers

SINGAPORE –
Media OutReach Newswire – 7 November 2024 – SeaMoney, the leading digital payments and financial services provider in Southeast Asia, has (via its licensed insurance agency) partnered with Singapore’s leading general insurer, MSIG Insurance Singapore (“MSIG Singapore”), to launch a new comprehensive Travel Insurance product for Singapore-based travellers^[1]. This new offering provides peace of mind at an affordable rate, available exclusively to Shopee customers.

The newly launched Travel Insurance offers robust coverage tailored to meet the diverse needs of modern travellers. Policyholders will benefit from up to $400,000 in personal accident protection and up to $1 million in overseas medical expenses, including hospitalisation costs. Furthermore, the policy also addresses a range of travel inconveniences, encompassing trip cancellations, travel curtailments, and delays in travel and luggage.

Recognising the growing demand for adventure, this policy also includes coverage for adventurous activities^[2], such as hiking and marathons, empowering active travellers to pursue their passions with confidence.

For travellers in groups, this Travel Insurance allows users to purchase coverage for up to 10 individuals in a single transaction, making it easier and more convenient for groups to secure travel protection together.

Key coverage highlights:

• Personal Accident: Up to $400,000 in accidental death and permanent total disability coverage.
• Medical: Up to $1 million in overseas medical expenses and up to $2 million in emergency medical evacuation and repatriation.
• Travel Inconveniences: Coverage for trip cancellations of up to $10,000, travel curtailments, delayed departures and lost or damaged baggage of up to $5,000.

Yang Yang, Director, SeaMoney Insurance, stated, “Our goal is to help make insurance more accessible and affordable for all Singaporeans. This new travel insurance offering is designed to give travellers peace of mind so they can focus on what matters most, like creating unforgettable memories with friends and family.”

“We are thrilled to partner with SeaMoney to bring comprehensive travel insurance to more users,” said
Mack Eng, Chief Executive Officer of MSIG Singapore. “This collaboration underscores our commitment to providing innovative and accessible solutions that cater to the evolving needs of modern travellers. By leveraging SeaMoney’s digital expertise, we aim to offer valued customers unparalleled convenience and reassurance, ensuring that they can travel with confidence and security.”

As part of the launch promotion, for a limited period only, travellers can enjoy up to 25% discount on their premiums when they purchase the plan through Shopee. Click
here or follow the steps below to secure your Travel Insurance today!

Note: The Travel Insurance is underwritten by MSIG Insurance (Singapore) Pte Ltd and distributed by SeaIn Agency SG Private Limited. The Shopee platform is solely a marketplace. All insurance business marketed on the Shopee Singapore platform is solicited, arranged and administered by SeaIn Agency SG Private Limited.

Annex A:

Featuring an Easy and Seamless 5-step purchase journey:

Hashtag: #MSIG #SeaMoney #Shopee

The issuer is solely responsible for the content of this announcement.