YouTrip provides journey insurance coverage product

Singapore-based neobank YouTrip has launched an in-app journey insurance coverage product backed by HL Assurance.

Native customers can entry the brand new journey insurance coverage on YouTrip’s multicurrency app. Via the app, vacationers will have the ability to purchase a single-trip coverage with as much as 65% financial savings on their plan.

The neobank additionally ensures 15% cashback for customers on every buy of a single-trip coverage from their HL Assurance COVID-19 journey plan. The product covers COVID-19-related points comparable to abroad hospital money advantages, quarantine allowance, and journey disruption reimbursements.

The mixing of insurance coverage into the corporate’s suite of monetary providers will assist defend prospects as they journey abroad.

Based in 2018, YouTrip began as a journey e-wallet operator and has since expanded its monetary providers, together with the launch of Mastercard-powered company card YouBiz.

The corporate raised USD 30 million in a sequence A spherical in November 2021, doubling its complete funding to USD 60 million.