MANILA, PHILIPPINES — Grab Philippines and Chubb, the world’s largest publicly traded property and casualty insurer, officially launched Travel Cover – an extensive in-app travel insurance product to help make Filipinos’ travel more seamless and worry-free.
With both international and domestic travel back in full swing, there is simply no stopping the wanderlust calls. Research group The Economist Intelligence forecasts a 30% increase in global tourism arrivals in 2023, following a growth of 60% in 2022. However, concurrent with the return of tourism is the rise of travel-related challenges such as flight delays and cancellations, unforeseen medical problems, and last-minute plan disruptions. Dedicated to improving the lives of Filipinos via the use of technology, Grab Philippines is equipping traveling kababayans with insurance coverage – a necessary safety net – to protect them against the unexpected while traveling.
With just a few taps on the Grab super-app, consumers can avail of Travel Cover’s extensive coverage that includes domestic and international medical expenses resulting from an accident or illness; expenses related to untoward incidents like casualties and injury; and expenses from taxing circumstances such as trip changes, lost baggage, and personal property; and other travel inconveniences. Travel Cover also entitles consumers to Covid-19-related benefits, ensuring they are protected against unexpected medical costs and journey cancellation or curtailment caused by the illness.
Grab Philippines Country Head Grace Vera Cruz shared, “As we further our commitment to making life better for Filipino through our technology, we are launching Travel Cover– an exciting in-app insurance offering that we are confident will protect our kababayans from unwanted stress or financial loss while traveling. Tourism is flourishing, and we are optimistic meaningful products like Travel Cover will enable Filipinos to take part in the return of travel with greater peace of mind and utmost convenience.”
Travel Cover is now available for purchase on the Grab app. Daily deposits for the new Grab insurance policy go as low as PHP 410 for international travel and domestic travel.
Mari Rachelle (Cielo) Canta, Country President of Insurance Company of North America (A Chubb Company) in the Philippines, shared, “We are very pleased to launch Travel Cover with Grab Philippines as travel rebounds. As a comprehensive insurance plan tailored for leisure or business travel, it enables Filipinos to travel with confidence within and outside of their country. This is the spirit of our partner value proposition at Chubb – to provide innovative and relevant insurance products easily accessed by our partners’ customers. Chubb’s digital integration platform, Chubb Studio, continues to orchestrate our embedded insurance alliances with Grab, making it just as easy for Grab to add tailored insurance offers to their digital experiences as it is for its customers to purchase and submit claims.”
Consumers can easily purchase Travel Cover through the following steps:
- On the homepage of the Grap app, click Insurance from the services featured.
- Choose the Explore tab where Travel Cover will appear. Click this and Input the travel details of the travelers.
- Click Get a Quote to see the cost of the plan instantly.
- Select the profiles of the travelers who’ll avail of Travel Cover and click Next to obtain a policy summary before proceeding to Make the Payment.
After these four easy steps, travelers will enjoy peace of mind with their own insurance plan – no additional documents are needed.
More information on Travel Cover can be found in this link: https://www.eiu.com/n/campaigns/tourism-in-2023/
Price may differ depending on the number of travel days and destination. Subject to the full terms and conditions of the Policy.