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. 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.

About SeaMoney

SeaMoney is a leading digital payments and financial services provider in Southeast Asia. Its mission is to better the lives of individuals and businesses in the region with financial services through technology.

SeaMoney's offerings include its mobile wallet ShopeePay, which provides users with a convenient, secure, and rewarding payment option and allows them to make payments offline at thousands of partner merchant locations. SeaMoney also offers other services including SPayLater, a consumer financing solution which enables users to gain financial flexibility with fewer limitations; and other related digital financial services such as micro-lending for both consumers and businesses.

For more information on SeaMoney, please visit www.seamoney.com.

About MSIG Insurance (“MSIG”)

A leading general insurer with a local presence of over 100 years, MSIG Singapore offers an extensive range of insurance solutions for commercial and personal risk protection, enabling the security and safety of individuals and businesses. MSIG Singapore holds an A+/Stable financial rating by Standard & Poor's.

MSIG Singapore has garnered numerous awards for delivering digitally innovative and customer-centric solutions. In 2024, MSIG was honoured with the 'Best General Insurer for Singapore' award by InsuranceAsia News. This prestigious recognition highlights its unwavering commitment to excellence and customer satisfaction.

MSIG is a subsidiary of Mitsui Sumitomo Insurance Co., Ltd, and a member of the MS&AD Insurance Group – one of the largest general insurance groups in the world with presence in 50 countries and regions globally, 18 of which are in Asia Pacific including all ASEAN markets as well as in Australia, New Zealand, China, Hong Kong, Taiwan, South Korea and India. Headquartered in Japan, MS&AD is amongst the top non-life insurance groups in the world based on gross revenue.

www.msig.com.sg