Seedly, a MoneyHero Group company, has unveiled an innovative travel insurance product which is designed to be ideal for everyone.
The southeast Asian firm has introduced this latest offering, known as Seedly Travel Insurance, in a bid to respond to the growing need for comprehensive yet affordable travel coverage among Singaporeans, catering especially to families and adventure enthusiasts.
The product offers two tiers – Seedly Travel Safe and Seedly Travel Secure – providing varying degrees of coverage tailored to different customer needs. The insurance automatically incorporates eight complimentary riders, encompassing diverse aspects such as overseas medical coverage (including COVID-19), personal accidents, public transport payouts, child-related benefits, trip inconveniences, and coverage for adventurous sports.
The offering stands out for its inclusive coverage without the need for add-ons. It encompasses protection for families, including child support grants and companion benefits, ensuring comprehensive protection for both parents and children. Additionally, it extends coverage to adventurous activities abroad, enabling policyholders to engage in pursuits like mountaineering and scuba diving without additional fees.
Uunderwritten by HL Assurance Pte. Ltd. and distributed by SingSaver Pte. Ltd., it is exclusively available to Singapore residents. Notably, the premiums offered are up to 50% more affordable compared to other options in the market, making it a cost-effective choice for travellers.
Yeap Ming Feng, Head of Seedly, said, “As the largest personal finance platform in Singapore, Seedly has provided valuable insights into the considerations and concerns of Singaporeans regarding travel insurance. Aligning with our mission to help Singaporeans make smarter personal finance decisions, Seedly Travel Insurance is a product crafted for the community by the community. We recognise consumers’ desire for comprehensive coverage at an affordable price, Seedly Travel Insurance has successfully addressed the needs of travellers and offered peace of mind for their journeys.”
Prashant Aggarwal, Chief Executive Officer and Board Member of MoneyHero Group added, “At MoneyHero Group, we are committed to simplifying the relationship between people and their finance. The launch of Seedly Travel Insurance underscores our mission in creating a time-saving financial experience by empowering our users to make smarter personal finance decisions through comparison – including the best value-for-money travel insurance and purchase financial products within an integrated ecosystem.”
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