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11 Best Travel Insurance Companies in April 2024

Many or all of the products featured here are from our partners who compensate us. This influences which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own. Here is a list of our partners and here's how we make money .

If the past few years have shown us anything, it’s that travelers need to be prepared for the unexpected — from a pandemic to flight troubles to the crowded airport terminals so many of us have encountered.

Whether you’re looking for an international travel insurance plan, emergency medical care or a policy that includes extreme sports, these are the best travel insurance providers to get you covered.

How we found the best travel insurance

We looked at quotes from various companies for a 10-day trip to Mexico in September 2024. The traveler was a 55-year-old woman from Florida who spent $3,000 total on the trip, including airfare.

On average, the price of each company’s most basic coverage plan was $126.53. The costs displayed below do not include optional add-ons, such as Cancel For Any Reason coverage or pre-existing medical condition coverage.

Read our full analysis about the average cost of travel insurance so you can budget better for your next trip.

However, depending on the plan, you may be able to customize at an added cost.

As we continue to evaluate more travel insurance companies and receive fresh market data, this collection of best travel insurance companies is likely to change. See our full methodology for more details.

Best insurance companies

Types of travel insurance

What does travel insurance cover, what’s not covered, how much does it cost, do i need travel insurance, how to choose the best travel insurance policy, what are the top travel destinations in 2024, more resources for travel insurance shoppers, top credit cards with travel insurance, methodology, best travel insurance overall: berkshire hathaway travel protection.

Berkshire Hathaway Travel Protection

• ExactCare Value (basic) plan is among the least expensive we surveyed.
• Speciality plans available for road trips, luxury travel, adventure activities, flights and cruises.
• Company may reimburse claimants faster than average, including possible same-day compensation.
• Multiple "Trip Delay" coverage types might make claims confusing.
• Cheapest plan only includes fixed amounts for its coverage.

Under the direction of chair and CEO Warren Buffett, Berkshire Hathaway Travel Protection has been around since 2014. Its plans provide numerous opportunities for travelers to customize coverage to their needs.

At $135 for our sample trip, the ExactCare Value (basic) plan from Berkshire Hathaway Travel Protection offers protection roughly $10 above the average price.

Want something cheaper? Air travelers looking for inexpensive, less comprehensive protections might opt for a basic AirCare plan that includes fixed amounts for its coverage .

Read our full review of Berkshire Hathaway .

What else makes Berkshire Hathaway Travel Protection great:

Pre-existing medical condition exclusion waivers available at no extra cost.

Plans available for travelers going on a cruise, participating in extreme sports or taking a luxury trip.

ExactCare Value (basic) plan was among the least expensive we surveyed.

Best for emergency medical coverage: Allianz Global Assistance

Annual or single-trip policies are available.

• Multiple types of insurance available.
• All plans include access to a 24/7 assistance hotline.
• More expensive than average.
• CFAR upgrades are not available.
• Rental car protection is only available by adding the One Trip Rental Car protector to your plan or by purchasing a standalone rental car plan.

Allianz Global Assistance is a reputable travel insurance company offering plans for over 25 years. Customers can choose from a variety of single and annual policies to fit their needs. On top of comprehensive coverage, some travelers might opt for the more affordable OneTrip Cancellation Plus, which is geared toward domestic travelers looking for trip protections but don’t need post-departure benefits like emergency medical or baggage lost.

For our test trip, Allianz Global Assistance’s basic coverage cost $149, about $22 above average.

What else makes Allianz Global Assistance great:

Annual and single-trip plans.

Plans are available for international and domestic trips.

Stand-alone and add-on rental car damage product available.

Read our full review of Allianz Global Assistance .

Best for travelers with pre-existing medical conditions: Travel Guard by AIG

Travel Guard by AIG

• Offers last-minute coverage.
• Pre-Existing Medical Conditions Exclusion Waiver available at all plan levels.
• Plan available for business travelers.
• Cancel For Any reason coverage only available for higher-level plans, and only reimburses up to 50% of the trip cost.
• Trip interruption coverage doesn't apply to trips paid for with points and miles.

Travel Guard by AIG offers a variety of plans and coverages to fit travelers’ needs. On top of more standard trip protections like trip cancellation, interruption, baggage and medical coverage, the Cancel For Any Reason upgrade is available on certain Travel Guard plans, which allows you to cancel a trip for any reason and get 50% of your nonrefundable deposit back as long as the trip is canceled at least two days before the scheduled departure date.

At $107 for our sample trip, the Essential plan was below average, saving roughly $20.

What else makes Travel Guard by AIG great:

Three comprehensive plans and a Pack N' Go plan for last-minute travelers who don't need cancellation benefits.

Flight protection, car rental, and medical evacuation coverage, as well as annual plans available.

Pre-existing medical conditions exclusion waiver available on all plan levels, as long as it's purchased within 15 days.

Read our full review of Travel Guard by AIG .

Best for those who pack expensive equipment: Travel Insured International

Travel Insured International

• Higher-level plan include optional add-ons for event tickets and for electronic equipment
• Rental car protection add-on for just $8 per day, even on lower-level plan.
• Many of the customizations are only available on the higher-tier plan.
• Coverage cost comes in above average in our latest analysis.

Travel Insured International offers several customization options. For instance, those going to see a show may want to add on event ticket registration fee protection. Traveling with expensive gear?Consider adding on coverage for electronic equipment for up to $2,000 in coverage.

Be sure to check which policies are available in your state. You will need to input your destination, residence, trip dates and the number of travelers to get a quote and see coverages.

What else makes Travel Insured International great:

Comprehensive plans include medical expense reimbursement accidents, sickness, evacuation and pre-existing conditions, depending on the plan.

Flight plans include coverage for missed and canceled flights and lost or stolen baggage.

Read our full review of Travel Insured International .

Best for adventurous travelers: World Nomads

World Nomads

• Travelers can extend coverage mid-trip.
• The standard plan covers up to $300,000 in emergency evacuation costs.
• Plans automatically cover 200+ adventurous activities.
• No Cancel For Any Reason upgrades are available.
• No pre-existing medical condition waivers are available.

Many travel insurance plans contain exclusions for adventure sports activities. If you plan to ski, bungee jump, windsurf or parasail, this might be a plan to consider.

Note that the Standard plan ($72 for our sample trip), while the most affordable, provides less coverage than other plans. But it can be a good choice for travelers who are satisfied with trip cancellation and interruption coverage of $2,500 or less, do not need rental car damage protection, find the limits to be sufficient and do not need coverage for certain more adventurous activities.

What else makes World Nomads great:

Comprehensive international travel insurance plans.

Coverage available for adventure activities, such as trekking, mountain biking and scuba diving.

Read our full review of World Nomads .

Best for medical coverage: Travelex Insurance Services

Travelex Insurance Services

• Top-tier plan doesn’t break the bank and provides more customization opportunities.
• Offers a plan specifically for domestic travel.
• Sells a post-departure medical coverage plan.
• Fewer customization opportunities on the Basic plan.
• Though perhaps a plus for domestic travelers, keep in mind the Travel America plan only covers domestic trips.

For starters, basic coverage from Travelex Insurance Services came in at $125, almost exactly average for our sample trip.

Travelex’s plans focus heavily on providing protections that are personalized to your travel style and trip type.

While the company does offer comprehensive plans that include medical benefits, you can also choose between cheaper plans that don’t provide cancellation coverage but do offer protections during your travels.

Read our full review of Travelex Insurance Services .

What else makes Travelex Insurance Services great:

Three comprehensive plans available, two of which cover international trips.

Offers a post-departure plan geared exclusively toward disruptions after you leave home.

Two flight insurance plans available.

Best if you have travel credit card coverage: Seven Corners

Seven Corners

• Annual, medical-only and backpacker plans are available.
• Cancel For Any Reason upgrade is available for the cheapest plan.
• Cheapest plan also features a much less costly Interruption for Any Reason add-on.
• Offers only one annual policy option.

Each Seven Corners plan offers several optional add-ons. Among the more unique is a Trip Interruption for Any Reason, which allows you to interrupt a trip 48 hours after the scheduled departure date (for any reason) and receive a refund of up to 75% of your unused nonrefundable deposits.

The basic coverage plan for our trip to Mexico costs $124 — right around the average.

What else makes Seven Corners great:

Comprehensive plans for U.S. residents and foreigners, including travelers visiting the U.S.

Cheap add-ons for rental car damage, sporting equipment rental or trip interruption for any reason.

Read our full review of Seven Corners .

Best for long-term travelers: IMG

• Coverage available for adventure travelers.
• Special medical insurance for ship captains and crew members, international students and missionaries.
• Claim approval can be lengthy.

While some travel insurance companies offer just a handful of plans, with IMG, you’ll really have your pick. Though this requires a bit more research, it allows you to search for coverage that fits your travel needs.

However, travelers will want to be aware that IMG’s iTravelInsured Travel Lite is expensive. Coming in at $149.85, it’s the costliest plan on our list.

Read our full review of IMG .

What else makes IMG great:

More affordable than average.

Many plans to choose from to fit your needs.

Best for travelers with unpredictable work demands: Tin Leg

• In addition Cancel For Any Reason, some plans offer cancel for work reason coverage.
• Adventure sports-specific coverage is available.
• Plans have overlap that can be hard to distinguish.
• Only one plan includes Rental Car Damage coverage available as an add-on.

Tin Leg’s Basic plan came in at $134 for our sample trip, adding about $8 onto the average basic policy cost. Note that you’ll pay a lot more if you shop for the most comprehensive coverage, and there are eight plans to choose from for trips abroad.

The multitude of plans can help you find coverage that fits your needs, but with so many to choose from, deciding can be daunting.

The only real way to figure out your ideal plan is to compare them all, look at the plan details and decide which features and coverage suit you and your travel style best.

Read our full Tin Leg review .

Best for booking travel with points and miles: TravelSafe

• Covers up to $300 redepositing points and miles on eligible canceled award flights.
• Optional add-on protection for business equipment or sports rentals.
• Multi-trip or year-long plans aren’t available.

Selecting your travel insurance plan with TravelSafe is a fairly straightforward process. The company’s website also makes it easy to visualize how optional add-on elements influence the total cost, displaying the final price as soon as you click the coverage.

However, at $136, the Basic plan was among the more expensive for our trip to Mexico.

What else makes TravelSafe great:

Rental car damage coverage add-on is available on both plans.

Cancel For Any Reason coverage available on the TravelSafe Classic plan.

Read our full TravelSafe review .

Best for group travel insurance: HTH Insurance

HTH Travel Insurance

• Covers travelers up to 95 years old.
• Includes direct pay option so members can avoid having to pay up front for services.
• A 24-hour delay is required for baggage delay coverage on the TripProtector Economy plan.
• No waivers for pre-existing conditions on the lower-level plan.

HTH offers single-trip and multitrip medical insurance coverage as well as trip protection plans.

At around $125, the Trip Protector Economy policy is at the average mark for plans we reviewed.

You can choose to insure group trips for educators, crew, religious missionaries and corporate travelers.

What else makes HTH Insurance great:

Medical-only coverage and trip protection coverage.

Lots of options for group travelers.

Read our full review of HTH Insurance .

As you shop for travel insurance, you’ll find many of the same coverage categories across numerous plans.

Trip cancellation

This covers the prepaid costs you make for your trip in cases when you need to cancel for a covered reason. This coverage helps you recoup upfront costs paid for flights and nonrefundable hotel reservations.

Trip interruption

Trip interruption benefits generally involve disruptions after you depart. It helps reimburse costs incurred for flight delays, cancellations and plenty of other covered disruptions you might encounter during your travels.

This coverage can cover the costs for you to return home or reimburse unexpected expenses like an extra hotel stay, meals and ground transportation.

Trip delay coverage helps cover unexpected costs when your trip is delayed. This is another coverage that helps offset the costs of flight trouble or other travel disruptions.

Note that many policies have a total amount a traveler can claim, with caps on per diem benefits, too.

Cancel For Any Reason

Cancel For Any Reason coverage allows you to recoup some of the upfront costs you paid for a trip even if you’re canceling for a reason not otherwise covered by your standard travel insurance policy.

Typically, adding this protection to your plan costs extra.

Baggage delay

This coverage helps cover the costs of essential items you might need when your luggage is delayed. Think toiletries, clothing and other immediate items you might need if your luggage didn’t make it on your flight.

Many travel insurance plans with baggage delay protection will specify how long (six, 12, 24 hours, etc.) your luggage must be delayed before you can make a claim.

Lost baggage

Used for travelers whose luggage is lost or stolen, this helps recoup the lost value of the items in your bag.

You’ll want to make sure you closely follow the correct procedures for your plan. Many plans include a maximum total amount you can claim under this coverage and a per-item cap.

Travel medical insurance

This covers out-of-pocket medical costs when travelers run into an emergency.

Because many travelers’ health insurance plans don’t cover medical care overseas, travel medical insurance can help offset out-of-pocket health care costs.

In addition to emergency medical coverage, many plans have medical evacuation or repatriation coverage for costs incurred when you must be taken to a hospital or return to your home country because of a medical situation.

Most travel insurance plans cover many trip protections that can help you be prepared for unexpected travel disruptions and expenses.

These coverages are generally aimed at protecting the money you put into your trip, expenses you incur because of travel trouble and costs incurred if you have a medical emergency overseas.

On top of core coverages like trip cancellation and interruption and travel medical coverage, some plans offer add-on options like waivers for pre-existing conditions, rental car collision damage waivers or adventure sports riders. These usually cost extra or must be added within a specified timeframe.

Typical travel insurance policies offer coverage for many unforeseen events, but as you research to select a plan, consider your needs. Though every plan differs, there are some commonly excluded coverages.

For instance, you typically can’t get coverage for a named storm if you bought the coverage after the storm was named. In other words, if you have a trip to the Caribbean booked for Sept. 25 and on Sept. 20 a hurricane develops and is named, you generally won’t be able to buy a travel insurance plan Sept. 21 in hopes of getting your money back.

Many plans also don’t cover activities performed under the influence of drugs or alcohol or any extreme sports. If the latter applies to you, you might want to consider a plan with specific coverages for adventure-seekers.

For numerous plans, a few other situations don’t qualify as an acceptable reason to cancel and make a claim, such as fear of travel, medical tourism or pregnancies (unless you booked a trip and bought insurance before you became pregnant or there are complications with the pregnancy). This is where a Cancel For Any Reason add-on to your coverage can be helpful.

You can also run into trouble if you give up on a trip too soon: a minor (or even multihour) flight delay likely isn’t sufficient to cancel your entire trip and get reimbursed through your plan. Be sure to review what requirements your specific plan has when it comes to canceling a trip, claiming trip interruption, etc.

Travel insurance costs vary widely. The final price of your plan will fluctuate based on your age, length of trip and destination.

It will also depend on how much coverage you need, whether you add on specialized policies (like Cancel For Any Reason or pre-existing conditions coverage), whether you plan to participate in extreme sports and other factors.

In our examples above, for instance, the 35-year-old traveler taking a $2,000 trip to Italy would have spent an average $76 for a basic plan to get coverage for things like trip cancellation and interruption, baggage protection, etc. That’s a little less than 4% of the total trip cost — lower than average.

If there were multiple members in a traveling party or if they were going on, say, a rock-climbing or bungee-jumping excursion, the costs would go up.

On average, travel insurance comes to about 5% to 10% of the trip cost. However, considering many of the plans reimburse up to 100% of the trip cost (or more) for disruptions like trip cancellation or interruption, it can be a worthwhile expense if something goes wrong.

It depends. Consider the following factors that might affect your decision: You’re young and healthy, all your bookings are refundable or cancelable without a penalty, your flights are nonstop, you’re not checking bags and a credit card you carry offers some travel protections . In that case, travel insurance might not be necessary.

On the other hand, if you prepaid a large chunk of money for a nonrefundable African safari, you’re going on a Caribbean cruise in the middle of a hurricane season or you’re going somewhere where the cost of health care is high, it’s not a bad idea to buy a travel insurance plan. Here’s how to find the best travel insurance coverage for you.

If you’re thinking of booking a trip and not planning to buy travel insurance, you may want to consider at least booking refundable airfare and not prepaying for hotel, rental car and activity reservations. That way, if something goes wrong, you can cancel without losing any money.

Selecting the best travel insurance policy comes down to your needs, concerns, preferences and budget.

As you book, take a few minutes to consider what most concerns you. Is it getting stranded because of flight trouble? Having the ability to cancel for any reason you see fit without losing money? Getting sick or injured right before departure and needing to postpone the trip? Injuring yourself or falling ill while overseas?

Ultimately, you want a plan that protects you, your money and the large investment in your trip — but doesn’t cost too much, either.

Medical coverage. If your priority is having adequate medical coverage abroad, you might want to look for plans with high limits for medical emergencies and medical evacuation.

Complex travel itinerary. If your itinerary has lots of flight connections, prepaid hotels and deposits for activities you can’t get back, prioritizing a plan with the best coverage for trip cancellations or interruptions may land at the top of your list.

Travel uncertainty. If you’re on the fence about a trip and have nonrefundable reservations, you may want to select a plan with a Cancel For Any Reason coverage option, which can help you recoup about 50% to 75% of the costs. This helps provide peace of mind, placing the decision on whether to travel entirely in your hands.

Car rentals. If you’re renting a car, a collision damage waiver is often worth looking into.

The following destinations are the top insured destinations in 2024, according to Squaremouth (a NerdWallet partner).

The Bahamas.

Costa Rica.

Antarctica.

In 2022, travelers spent about 25.53% more on trips than they did before the pandemic.

As of December, NerdWallet analysis determined travel prices are 10% higher than pre-pandemic. Each statistic makes a strong case for protecting your travel investment as you plan your next trip.

Bookmark these resources to help you make smart money moves as you shop for travel insurance.

What is travel insurance?

CFAR explained.

Is travel insurance worth getting?

10 credit cards that provide travel insurance.

Here is the list of travel cards offered by Chase that include various forms of travel insurance.

Having one of these in your wallet is a good start to protecting your travel investments and preventing expensive accidents; however, savvy travelers check card terms closely and sometimes supplement with a third-party policy, like from one of the companies above, to better protect themselves.

on Chase's website

• Trip delay: Up to $500 per ticket for delays more than 12 hours.

• Trip cancellation: Up to $10,000 per person and $20,000 per trip. Maximum benefit of $40,000 per 12-month period.

• Trip interruption: Up to $10,000 per person and $20,000 per trip. Maximum benefit of $40,000 per 12-month period.

• Baggage delay: Up to $100 per day for five days.

• Lost luggage: Up to $3,000 per passenger.

• Trip delay: Up to $500 per ticket for delays more than 6 hours.

• Trip delay: Up to $500 per trip for delays more than 12 hours.

• Car rentals: Theft and collision damage for most cars in the U.S. and abroad.

• Trip cancellation: Up to $1,500 per person and $6,000 per trip.

• Trip interruption: Up to $1,500 per person and $6,000 per trip.

• Baggage delay: Up to $100 per day for three days.

We used the following factors to choose insurance providers to highlight:

Breadth of coverage: We looked at how many plans each company offered plus the range of their standard plans. 

Depth of coverage: We considered two data points to get a sense of how much each company pays out for common travel issues — the maximum caps for trip cancellation and trip interruption claims.

Cost: By looking at the costs for basic coverage across multiple companies, we determined an average cost for shoppers to benchmark plan prices against.

Customizability: While standard plans can cover a lot of ground, sometimes you need something a little more personal.

Customer satisfaction. Using data from Squaremouth when available, and Google Reviews as a backup, we can give kudos to companies with better track records from their clients.

No, it doesn’t necessarily get more expensive the longer you wait to purchase. However, as you put off buying insurance, you may lose access to potential plans and coverage options.

In general, buying travel insurance within a few days to two weeks of prepaying or making an initial deposit for your trip is your best bet. Assuming you’re not booking last-minute, this will provide you with access to the widest possible range of coverage options. It also helps prevent any medical conditions or storms that pop up between booking and buying a plan from ending up as excluded situations, which won’t be covered by your plan.

But, generally, many plans do allow you to buy coverage quite close to your departure date.

To get the most out of your travel insurance plan, buy it soon after making your initial prepayment or deposit to ensure you have access to the biggest menu of plans possible.

Select a plan that’s comprehensive enough to cover the travel scenarios you’re most concerned about or likely to encounter but not too expensive or laden with protections you’d never likely need.

Whatever your coverage, thoroughly review the plan so you understand what’s covered and what’s not, plus how to adhere to the plan’s rules for making a claim.

Travelers frequently use phrases like “trip insurance” and “travel insurance,” as well as “trip protection,” interchangeably, but they do mean different things, according to Stan Sandberg, founder of insurance comparison site TravelInsurance.com.

Trip insurance, or trip protection, generally refers to predeparture (or preevent) coverage if you need to cancel. You may see these plans sold by airlines, online travel agencies or even ticketed event sellers.

“You could refer to it as the portion that protects the investment in the trip,” Sandberg says.

A travel insurance plan typically includes that — plus more comprehensive benefits to protect you during your trip, from medical coverage to trip delay and lost baggage protections, and many more elements, depending on the plan.

Though travel insurance is typically not required for international trips, your personal circumstances will play a key role in whether it’s a good investment.

For instance, young, healthy travelers with few prepaid trip expenses embarking on a relatively risk-free trip may not see a need to buy a plan.

Older travelers with complicated itineraries who are visiting destinations where they could potentially fall ill or get injured — or who could encounter bad weather or some other disrupting factor along the way — may want to buy coverage.

Consider a few key questions:

How well would your health insurance plan cover you if you needed to visit a hospital overseas?

How much did you prepay for a hotel or rental car?

How much money would you be out if weather or some other flight issue derailed your itinerary?

Could you afford an unexpected night in a city where you have a connecting flight?

Do you already have a credit card that provides some travel protections?

Your answers to these questions can help you decide whether you need travel insurance for your international trip.

In general, buying travel insurance

within a few days to two weeks of prepaying or making an initial deposit

for your trip is your best bet. Assuming you’re not booking last-minute, this will provide you with access to the widest possible range of coverage options. It also helps prevent any medical conditions or storms that pop up between booking and buying a plan from ending up as excluded situations, which won’t be covered by your plan.

How to maximize your rewards

You want a travel credit card that prioritizes what’s important to you. Here are our picks for the best travel credit cards of 2024 , including those best for:

Flexibility, point transfers and a large bonus: Chase Sapphire Preferred® Card

No annual fee: Bank of America® Travel Rewards credit card

Flat-rate travel rewards: Capital One Venture Rewards Credit Card

Bonus travel rewards and high-end perks: Chase Sapphire Reserve®

Luxury perks: The Platinum Card® from American Express

Business travelers: Ink Business Preferred® Credit Card

On a similar note...

Seedly, a MoneyHero Group company, launches Seedly Travel Insurance

By MoneyHero Group | 28 November 2023

• Without any add-ons, Seedly Travel Insurance automatically includes eight complimentary riders covering children, overseas medical coverage including Covid-19, personal accident and permanent disability, double public transport payout, child support grant, child companion benefit, trip inconveniences, and adventurous sports.
• Underwritten by HL Assurance Pte. Ltd. and distributed by SingSaver Pte. Ltd., Seedly Travel Insurance is available in two tiers – Seedly Travel Safe and Seedly Travel Secure – and is only available to Singapore residents.
• Seedly Travel Insurance premiums can be up to 50% more affordable than other insurers in the market. 
• Each signup can enjoy 25% discount, with a free 3GB eSIM from Airalo and a chance to win S$600 Klook vouchers until 31 December 2023.

Singapore – November 28, 2023 – Seedly, a Singapore-born personal finance management solution platform and a MoneyHero Group company, is pleased to introduce Seedly Travel Insurance , an affordable travel insurance that is ideal for everyone, particularly families and adventure enthusiasts. It is available in two tiers – Seedly Travel Safe and Seedly Travel Secure – to provide different levels of coverage yet comprehensive protection to customers in anticipation of a variety of unforeseen events.  Underwritten by HL Assurance Pte. Ltd . and distributed by SingSaver Pte. Ltd. , Seedly Travel Insurance automatically includes eight complimentary riders covering children, overseas medical coverage including Covid-19, personal accident and permanent disability, double public transport payout, child support grant, child companion benefit, trip inconveniences, and adventurous sports. These ensure customers are well protected against personal accidents, travel-related disruptions, emergencies, health-related incidents, natural disasters, trip cancellations, delays, or interruptions.   Travel Insurance for Families and Adventurous Activities

• Child support grant: While Seedly Travel Insurance provides coverage to the parents, it extends its protective umbrella to the children in an unfortunate event.
• Child companion benefit: In the unfortunate event that the insured person sustains an injury and is hospitalised overseas while travelling with a child, the expenses for any travelling and accommodation expenses of one adult from Singapore to accompany the child back to Singapore, are claimable. 
• Automatic coverage for adventurous sports: Without incurring any additional fees or requiring any add-ons, customers receive automatic coverage and can partake in adventurous activities overseas such as mountaineering, hiking, or scuba diving.  

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 recognize consumers’ desire for comprehensive coverage at an affordable price, Seedly Travel Insurance has successfully addressed the needs of travelers 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.”  Consumers can now sign up for Seedly Travel Insurance online and enjoy 25% discount, with a free 3GB eSIM from Airalo and a chance to win S$600 Klook vouchers until 31 December 2023. Seedly Travel Insurance is available only to Singapore residents. For more details, please visit https://seedly-travel-insurance.seedly.sg/ Seedly and SingSaver are part of the MoneyHero Group (Nasdaq: MNY), a market leading financial products platform in Greater Southeast Asia. 

- End - 

About MoneyHero Group MoneyHero Group (Nasdaq: MNY), formerly known as Hyphen Group or CompareAsia Group, is a market leader in the online personal finance aggregation and comparison sector in Greater Southeast Asia. The Company operates in Singapore, Hong Kong, Taiwan, the Philippines and Malaysia with respective local market brands, currently has 270 commercial partners and had 9.1 million average Monthly Unique Users during the first half of 2023. For more information, including an Investor Presentation , please visit https://www.moneyherogroup.com/ About Seedly Seedly , part of MoneyHero Group (Nasdaq: MNY) – a market leading personal finance aggregation and comparison company in Greater Southeast Asia, is a Singapore-born personal finance management solution platform founded in 2016. Seedly helps consumers make smarter financial decisions with the right tools and the right mindset. Its community feature allows users to crowdsource knowledge from peers before making financial decisions, foster unbiased reviews for a myriad of financial products ranging from credit cards, saving accounts, travel insurance to robo-advisor and more. To discover more, visit https://seedly.sg/ About SingSaver SingSaver , part of MoneyHero Group (Nasdaq: MNY) – a market leading personal finance aggregation and comparison company in Greater Southeast Asia. Founded in May 2015, SingSaver has always been committed to matching consumers with the right financial products they need — from credit cards to personal loans, investing accounts to insurance policies, and much more. SingSaver helps thousands of consumers improve their money health with easy-to-use comparison platform along with impartial product reviews and extensive finance articles. For a full discovery, visit https://www.singsaver.com.sg/ 

• Featured , Insurance

Seedly, a MoneyHero Group company, launches Seedly Travel Insurance

• By The Digital Banker
• November 30, 2023

• Without any add-ons, Seedly Travel Insurance automatically includes eight complimentary riders covering children, overseas medical coverage including Covid-19, personal accident and permanent disability, double public transport payout, child support grant, child companion benefit, trip inconveniences, and adventurous sports.
• Underwritten by HL Assurance Pte. Ltd. and distributed by SingSaver Pte. Ltd., Seedly Travel Insurance is available in two tiers – Seedly Travel Safe and Seedly Travel Secure – and is only available to Singapore residents.
• Seedly Travel Insurance premiums can be up to 50% more affordable than other insurers in the market. (See Table A in the Appendix).
• Each signup can enjoy 25% discount, with a free 3GB eSIM from Airalo and a chance to win S$600 Klook vouchers until 31 December 2023.

Picture 1: Complimentary riders included in Seedly Travel Insurance

Singapore, Tuesday 28 November 2023 – Seedly, a Singapore-born personal finance management solution platform and a MoneyHero Group company, is pleased to introduce Seedly Travel Insurance , an affordable travel insurance that is ideal for everyone, particularly families and adventure enthusiasts. It is available in two tiers – Seedly Travel Safe and Seedly Travel Secure – to provide different levels of coverage yet comprehensive protection to customers in anticipation of a variety of unforeseen events.

Underwritten by HL Assurance Pte. Ltd . and distributed by SingSaver Pte. Ltd ., Seedly Travel Insurance automatically includes eight complimentary riders covering children, overseas medical coverage including Covid-19, personal accident and permanent disability, double public transport payout, child support grant, child companion benefit, trip inconveniences, and adventurous sports. These ensure customers are well protected against personal accidents, travel-related disruptions, emergencies, health-related incidents, natural disasters, trip cancellations, delays, or interruptions.

Travel Insurance for Families and Adventurous Activities

• Child support grant : While Seedly Travel Insurance provides coverage to the parents, it extends its protective umbrella to the children in an unfortunate event.
• Child companion benefits: In the unfortunate event that the insured person sustains an injury and is hospitalised overseas while travelling with a child, the expenses for any travelling and accommodation expenses of one adult from Singapore to accompany the child back to Singapore, are claimable.
• Automatic coverage for adventurous sports: Without incurring any additional fees or requiring any add-ons, customers receive automatic coverage and can partake in adventurous activities overseas such as mountaineering, hiking, or scuba diving.

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 recognize consumers’ desire for comprehensive coverage at an affordable price, Seedly Travel Insurance has successfully addressed the needs of travelers 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.”

Consumers can now sign up for Seedly Travel Insurance online and enjoy a 25% discount, with a free 3GB eSIM from Airalo and a chance to win S$600 Klook vouchers until 31 December 2023. Seedly Travel Insurance is available only to Singapore residents. For more details, please visit https://seedly-travel-insurance.seedly.sg/

Seedly and SingSaver are part of the MoneyHero Group (Nasdaq: MNY), a market-leading financial products platform in Greater Southeast Asia.

MoneyHero Group

MoneyHero Group (Nasdaq: MNY), formerly known as Hyphen Group or CompareAsia Group, is a market leader in the online personal finance aggregation and comparison sector in Greater Southeast Asia. The Company operates in Singapore, Hong Kong, Taiwan, the Philippines, and Malaysia with respective local market brands, currently has 270 commercial partners, and had 9.1 million average Monthly Unique Users during the first half of 2023. For more information, including an Investor Presentation , please visit  https://www.moneyherogroup.com/

Seedly , part of MoneyHero Group (Nasdaq: MNY) – a market-leading personal finance aggregation and comparison company in Greater Southeast Asia, is a Singapore-born personal finance management solution platform founded in 2016. Seedly helps consumers make smarter financial decisions with the right tools and the right mindset. Its community feature allows users to crowdsource knowledge from peers before making financial decisions, and foster unbiased reviews for a myriad of financial products ranging from credit cards, saving accounts, travel insurance to robo-advisor, and more. To discover more, visit https://seedly.sg/

SingSaver , part of MoneyHero Group (Nasdaq: MNY) – a market-leading personal finance aggregation and comparison company in Greater Southeast Asia. Founded in May 2015, SingSaver has always been committed to matching consumers with the right financial products they need — from credit cards to personal loans, investing accounts to insurance policies, and much more. SingSaver helps thousands of consumers improve their money health with an easy-to-use comparison platform along with impartial product reviews and extensive finance articles. For a full discovery, visit https://www.singsaver.com.sg/

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Sam Tanskul

Managing Director Krungsri Finnovate Company Limited

With extensive experience in financial industry and in Thailand’s startup community, Sam Tanskul leads Krungsri Finnovate Co., Ltd., a subsidiary of Krungsri, with a focus on technological innovation investment in Thailand and ASEAN.

Sam got a Bachelor’s Degree with Honors in Finance and Banking from Assumption University, Thailand and a Master’s Degree in Finance and Banking from University of Bristol, United Kingdom.

Prior to his current role at Krungsri Finnovate, Sam has over 18 years of experience in the financial services industry with several leading organizations including UOB, GE Capital and Krungsri Consumer, in the area of product management and innovation.

Since 2014, he has joined Thailand’s startup ecosystem, as one of the core members behind the success of ‘Krungsri Uni Startup’ a platform for the young, creative generation to develop financial mobile applications in pursuit of their aspiration to be professional startups – and ‘Krungsri Rise’ , the first fintech corporate accelerator in Thailand.

Currently, Sam is the Managing Director of Krungsri Finnovate Co., Ltd., a subsidiary of Krungsri to fully lead on Fintech/ Startup in Thailand and the region, with the key focus in 3 areas — accelerator & academic collaboration, startup project management, and corporate venture capital for Krungsri Group under MUFG with a focus on technological innovation investment in Thailand and ASEAN. He is also one of the board members of Thai Fintech Association.

Philippines, Manila

• Leveraging analytics and alternative data sources to drive financial inclusion
• Mitigating emerging sources of risk emanating from new technologies
• How can banks unlock value through a modern and agile platform?
• Leading innovation through shift in mindset to embrace Web 3.0 driven opportunities

Lito Villanueva

Lito Villanueva is the Executive Vice President, Chief Innovation and Inclusion Officer of RCBC, and the Chief Digital Transformation Advisor for the Yuchengco Group of Companies. He is the founding chairman of Fintech Alliance.ph, the Philippines’ largest FinTech organization.

He is an award-winning thought leader on digital transformation and financial inclusion with 20 years of experience. He institutionalized the country’s first fintech industry code of conduct and code of ethics to protect consumers and published the first Philippine fintech taxonomy book. His efforts have earned him close to 100 global and regional awards including bagging a three-peat for Best Digital Bank from Asiamoney and back-to-back wins for Best Financial Inclusion App from the Asian Banker for RCBC. Some of these recognitions include being among the Top 100 FinTech Leaders in Asia, Mr FinTech of the Philippines by NewsBiz Asia, Chief Innovation Officer of the Year by the London-based The Banker, and among the Top 100 Filipinos in LinkedIn.

He has a regular business column Byte in the Philippine Star. He is the Chairman of the South Africa-based Alliance of Digital Finance Associations and a member of the Global Impact FinTech and AIBP Advisory Board. He is the founding president of the BSP Governor Nestor A. Espenilla Jr. Institute for Growth towards National Inclusion, Transformation, and Empowerment (IGNITE).

He finished the Cambridge Intellect Leadership Programme in 2019 on Digital Transformation by Design at the University of Cambridge. He completed a Master of Arts in public administration magna cum laude at the University of Santo Tomas and a Master in National Security Administration at the National Defense College of the Philippines.

Greg Krasnov

As the Founder & CEO of Tonik (www.tonikbank.com), the first neobank in the Philippines, I’m committed to building a trustworthy and simple banking experience to drive financial inclusion in the Philippines, where the majority of the population remains without bank accounts and without access to formal credit. I am a serial entrepreneur, having previously launched and led/co – led FORUM, Credolab, FLOW, AsiaKredit, and Platinum Bank. Ever since starting my first business at 17, I’ve been passionate about entrepreneurship and problem – solving.

I appreciate that in life one needs to have balance. During a two – year sabbatical, I skippered my sailboat SV Blues across Asia. I’m also a musician (check me out on Spotify). And as a resident of eight countries across three continents, and a founder of YPO’s Kyiv Chapter I’ve gained a unique understanding of diverse cultures and perspectives.

Throughout my career, I’ve received many accolades that I’m proud of, but what truly matters to me at this stage is the impact I make on people’s lives through my managerial and creative problem – solving skills. I’m a “what you see is what you get” kind of guy who values honesty and open communication. I believe in fostering genuine connections and staying true to my principles, both personally and professionally.

If you’re not just going to sell me stuff, feel free to reach out to connect, and let’s explore opportunities to create meaningful change together in the world of fintech and beyond.

Albert Tinio

Albert has several years of experience in the fields of fintech, banking, telecommunications, and logistics. He started his career in logistics working for American President Lines and Federal Express. He then moved into telecommunications with two major Philippine telco players, Globe Telecom and Smart Communications. Albert earned Globe’s Leadership Award for significant gains made in growing and expanding broadband services nationwide. He transitioned from telco to fintech after being chosen to lead GCash as President and CEO. During this time, Albert became the founding president of the Philippine E – Money Association.

Immediately before joining GoTyme Bank, he was SVP, Digital Payments and Agency Banking for Robinsons Bank. Albert has a Bachelor of Science degree in Hotel and Restaurant Administration from the University of the Philippines and completed the Oxford FinTech Program from the University of Oxford Saïd Business School

At the launch of GoTyme Bank in October 2022, Albert explained its differentiator which is providing accessible and affordable products and services with a human touch. He mentioned that to keep the human connection always, GoTyme Bank has kiosks supported by bank ambassadors that are strategically located across the Robinsons ecosystem as well as personal bankers who address customer concerns or issues thru phone calls, emails or chats.

Eugene S. Acevedo

Eugene Acevedo is the President and Chief Executive Officer of Rizal Commercial Banking Corporation.

Under his leadership, RCBC accelerated its business and digital transformation, winning multiple awards in innovation including best digital bank and best retail bank. RCBC also took major strides in sustainable finance resulting in landmark green bond is sues, and its upgrade to Single A ESG rating by MSCI.

Eugene serves as Chairman of the Asian Bankers Association (ABA) for the 2021 – 23 term. In 1987, he graduated from the Asian Institute of Management. He completed the Advanced Management Program at the Harvard Business School.

An avid learner, he has professional certifications in Clean Power, Customer Experience, User Experience and Digital Marketing from Imperial College London, CX Academy, British Computer Society and Wharton School, respectively.

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The Digital Banker Summit

• Decoupling with China and the emerging global economic order
• Turbocharging innovation through DeFi
• Digital Ecosystems and Platformisation in Retail Finance
• BNPL and Digital Payments: Prospects and Challenges
• The evolution of risk and role of the CRO
• Data as the new oil to fuel growth (from a banking context)
• Private wealth and philanthropy
• The winners and losers in the race of global fintech
• Reimagining Banking in the Metaverse
• Sustainable Finance – Approaching Net Zero and Beyond
• Global Banking Outlook 2024

Indonesia, Jakarta

• Core modernisation as a catalyst for unlocking new growth
• Combatting the super app through platformisation
• Building future-ready infrastructure with the highest standards of security and protection
• Open banking, third-party API integration and pioneering microservices for a unified mobile experience

Thailand, Bangkok

• How can banks maintain their competitive position through platformisation, BaaS and embedded finance?
• Operating in the era of digital currencies and new payment schemes
• Cloud migration and enabling the digital experience that customers desire
• Developing new customer engagement models with the advent of the Metaverse

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Rico Bautista

Mr. Rico T. Bautista is currently the President and CEO of Etiqa Life and General Assurance Philippines, one of the few insurance companies in the country with a composite license. With its composite license, Etiqa Philippines is able to offer both life and non-life products in the Philippines market.

Mr. Bautista has been in charge of the transformation of Etiqa Philippines since 2019, after the re-branding exercise it did from its former corporate name, AsianLife. Since his joining, he has been in charge of delivering positive growth rates both in the topline and bottomline revenues of the company. He has led the company in fulfilling its promises to its clients, despite the challenging years of the Covid-19 pandemic.

He has more than two and a half decades of experience in the insurance (and pre-need) industry focused on strategic direction setting, sales and marketing, distribution management, business building, corporate governance and employee empowerment. His career is marked by his affiliations with PhilamPlans (now PhilPlans), Insular Life, Pru Like UK, Philam Life (now AIA Philippines) and BPI-Philam (now BPI-AIA Philippines).

In 2022, Mr. Bautista was elected the President of the Philippine Life Insurance Association (PLIA), the umbrella organization of all life insurance companies operating in the Philippines. He was re-elected as the PLIA President for a second term in 2023. He is also a member of the Philippine Insurance and Reinsurance Association (PIRA), the industry organization of the non-life companies in the Philippines and the Management Association of the Philippines (MAP), the premier management organization in the Philippines. He finished his AB Philosophy degree at the University of Santo Tomas.

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The world’s preeminent Private Banks and Wealth Managers are demonstrating a committed drive in innovation, advisory, new products and services to meet the sophisticated needs of their clients.

COVID-19 Amid economic activity revival on the back of the Covid-19 vaccine program, organisations moving from business continuity plans to stable working environments, together with the slightest improvement in unemployment numbers, forced the world to adjust to new realities. Coming to terms with the “new normal”, global investors are now on the look-out for attractive and stable investment opportunities.

Needs of Private Wealth customers and families worldwide have drastically changed due to the pandemic and banks have had to accelerate efforts to deploy a multi-channel service strategy and safeguard clients’ businesses and wealth against negative impacts of economic uncertainly.

The Global Private Banking Innovation Awards will recognise the world’s best private banks, wealth managers and asset managers that are championing innovation across advisory, service, products, customer experience and more.

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Patrick M Meneses

Patrick Meneses is the SVP Chief Data Officer of Security Bank, one of the Philippines’ leading universal banks which strives to be the most customer-centric in the industry. Patrick’s focus is building institutional analytic capabilities that have meaningful impact on SBC customers. He specializes in designing the operationalization of data & analytics at scale.

Patrick joined Security Bank from a 26-year data & analytics career spanning Big Tech in Silicon Valley to cutting edge solutions in Automotive through more recently consulting the biggest Global Banks throughout ASEAN.

Patrick is a featured speaker and thought leader in events throughout ASEAN. He is active in shaping academic curriculum in the Philippines and enjoys mentoring the next generation of Analytic Professionals.

John Januszczak

Chief Retail Banking Officer LH Bank

Ferdie Perez

Head of Product Innovations G-Xchange, Inc.

Ferdie leads the Commercial Product Team of Gcash dedicated to Innovations; he and his team are responsible for building the new products that enables Gcash to participate in win in new spaces or drive industry behavior. Prior to this, he was led total Commercial Product of Gcash, looking after businesses like Payments, Fund Transfers, B2B, E-Commerce, responsible for ideating, building and growing these business verticals.

Before GCash, he has been in various industries, banking (Citi), FMCG (Del Monte Philippines), but has since put his focus on the growing Digital industry. He is an e-commerce professional having spent time with various e-commerce platforms (BPI-Globe Banko, Agoda, OLX/ Property24), particularly in the business side, and helping promote the digital prevalence in the country.

Ferdie graduated from Ateneo de Manila with a degree in Management Engineering.

Trirat Suwanprateeb

Chief Executive Officer SCB Tech X

Trirat Suwanprateeb was appointed Chief Executive Officer of SCB TechX in July 2021. He established the company’s direction in implementing innovative approaches to promote corporate growth and steer SCB TechX toward its objective of being a leading technology company in the ASEAN region.

Before joining SCB TechX, Trirat served as Senior Executive Vice President and Chief Technology Officer at Siam Commercial Bank. In these roles, he was instrumental in laying the groundwork for the Bank’s technology infrastructure and overseeing the development of the Bank’s digital products. Previously, he had experience working in the information technology field for leading companies, including IBM Thailand Co., Ltd., where he served as an Executive IT Specialist for over 21 years, and ABB Thailand Co., Ltd., where he worked as a Project Engineer.

Trirat holds a bachelor’s degree in Engineering and a master’s degree in Business Administration from Chulalongkorn University.

Pitiporn Phanaphat

Head of Digital Business (FEVP)         Siam Commercial Bank

Ms. Phanaphat advocates for initiatives that aim to bridge the digital divide and foster equal access to financial services. Her role also involves leveraging technology to enhance financial inclusivity and improve the socioeconomic well-being of modern consumers of all ages. Her endeavors reflect a dedication to creating a more inclusive digital environment that empowers individuals through innovative financial solutions. She currently leads SCB digital products and platforms as the Head of Digital Businesses, Digital Banking. She initially joined SCB Group in 2016 as the First Executive Vice President, leading bank strategic partnerships and business development. In this role, she spearheaded many key strategic investments, divestments, and joint venture setups for SCB. From 2018 to 2019, she oversaw the Credit Card Division and served as a member of the Board of Directors of SCB-Julius Baer (both Thai and Singapore entities) and Digital Ventures, subsidiaries of SCB. In 2020 and 2021, she joined SCB 10X as the Chief Business Development & Financial Officer, as well as one of the founding team. In this capacity, she drove strategic investments for SCB10X while serving as a Board Director in several of its investment portfolio companies, including Monix and Synqa (Omise).

Prior to joining SCB, Ms.Pitiporn served as the CEO of Tesco Financial Services, a joint venture between Tesco Lotus and Bank of Ayudhya. Additionally, she possesses over 15 years of experience working in leading multinational corporations, including Boston Consulting Group and JP Morgan New York. 

Ms.Pitiporn holds an MBA from Harvard University (USA) and B.S. degrees in Economics from the Massachusetts Institute of Technology (MIT) and in Management Science from the Sloan School of Management (USA).

Thiranun Arunwattanakul

Chief Operating Office MONIX Co., Ltd.

Thiranun Arunwattanakul or Tyra is the Chief Operating Officer of MONIX Co., Ltd, a joint venture between SCB X and Chinese fintech unicorn Abakus Group. With her passion for innovative business models, Tyra has successfully led teams on several mega projects in consulting, technology, and innovation. Tyra played a vital role in establishing the SCB10X department at Siam Commercial Bank in 2018, where she set up a talented team and led the innovation project of the high-margin digital lending initiative powered by AI and data analysis. In 2019, she founded MONIX with a vision to create opportunities for people to prosper and enjoy life. Under her leadership, MONIX provides the AI-powered, humanized financial platform FINNIX, which enables underbanked people in Thailand to access legal funds and save them from the wicked circle of loan sharks. Tyra is passionate about disruptive, innovative business models and transforming traditional businesses into tomorrow’s models. She values team building, culture creation, corporate ethics, and collaboration, and firmly believes that trust and passion are key factors for success at any level of organization, anywhere. Tyra’s unwavering commitment to these values has been instrumental in the success of her projects, and has earned her a reputation as a respected industry leader.

Lester Cruz

Customer Franchise Director UNO Digital Bank

Lester is determined to build and manage a digital bank which pioneers an elevated approach to banking: one that makes meeting life’s financial needs simple and accessible to customers while also fueling growth and innovation in the industry.

Currently appointed as the Customer Franchise Director of UNO Digital Bank, Lester is responsible for the overall performance of the business and its development from a start-up progressing into a successful and rapidly growing franchise. His span of control is comprised of Products & Payments, Digital Channels & Innovation, Growth Marketing, Business Development & Partnerships, Bank-At-Work Program, and Enterprise Project Management. Lester conceptualizes and implements business strategies to drive strong and sustainable financial results.

Lester has a track record of effectively establishing the overall direction and strategic initiatives of major functions and business lines. He was instrumental in the successful launch of the first-ever all-digital and mobile-first bank in the Philippines. Prior to venturing into the digital banking space, Lester managed the premier Wealth Management and Insurance businesses of a leading global bank.

Lester is a highly accomplished financial services professional and business manager with more than 2 decades of experience managing multiple segments and products. He has led cross-functional teams of individuals with differing professional experiences and seniority and likewise achieved various successes across several responsibilities and numerous business challenges. Lester has extensive background in the areas of Business Development, Relationship Management, Product Management, Client Engagement, and Corporate Governance. His professional experience covers Retail Banking, Wealth Management, Insurance, and FinTech.

Lester is a strong advocate of Personal Finance, a Woodworking Enthusiast, and a Health and Fitness Fan.

Elvin Salazar

Senior Portfolio Pre-Sales Consultant, SEA NICE

Elvin Salazar is the Senior Portfolio Pre-Sales Consultant at NICE. Having worked at NICE since 2018, Elvin is responsible for creating solutions across Analytics, Workforce Management, Customer Journey, Automation, and AI in SEA. He promotes Digital Transformation to customers while ensuring consistent great Customer Experiences.

He works with organization across APAC helping them to reimagine the role of technology to drive customer  centricity and engagement, accelerating automation and leveraging on analytics and AI to fuel growth and driving innovation at scale.

Elvin holds a Bachelor of Science in Mathematics major in Computer Science from the University of Santo Tomas in Manila, Philippines.

Yogesh Daware

Chief Commercial Officer TransUnion Philippines

Yogesh is a Result-oriented professional with over 18 years of overall experience that encompasses several fields in the financial industry namely Business Development, Enterprise Sales, Client Management, and Corporate Banking.

He has been with TransUnion for over 10 years now and was with TransUnion India from 2013 to 2021. In his tenure there, he demonstrated expertise in a diverse array of roles across business development, regional product ownership for decisioning, and sales. Yogesh joined TransUnion Philippines in 2022 and has successfully incorporated the best practices and knowledge that he has gained throughout his career. As the Chief Commercial Officer, he continues to lead the charge by deepening engagement cadences as well as solutions focus across TransUnion’s Key Clients and continues to pave the way for TU’s goal of Financial Inclusion among all Filipinos and build public trust to have this goal come to fruition.

Marc Giretto

Financial Services Industry Strategist, APJ Teradata

Marc brings over 25 years of experience in the financial services sector, encompassing roles in client services, supplier management, start-ups, scale-ups, and executive leadership. His expertise lies in the development and execution of analytically driven strategies, particularly in crafting and implementing enterprise-wide solutions. Marc’s proficiency extends to advanced analytics, where he specializes in deploying AI/ML solutions to address complex challenges in marketing, risk, compliance, and financial crimes. His leadership has been instrumental in driving substantial revenue growth and managing operational risks. Marc’s unique approach combines technical analytics with effective change management, ensuring smooth integration of innovative solutions. His strategic vision and practical implementation skills have consistently resulted in enhanced operational efficiency and profitability in the financial domain.

Before joining Teradata, Marc worked at brands such as Experian, Citibank, Standard Chartered, and ANZ bank.

Kris Emerton Jones

Sales Director APAC Provenir

With over two decades of experience at the intersection of technology and finance, Kris Emerton-Jones is a seasoned sales leader specialising in driving adoption of cutting-edge decisioning solutions across the Asia-Pacific region. Having held pivotal roles at various international financial institutions, Kris has cultivated extensive expertise in leveraging advanced technology to optimise decision-making processes and drive business outcomes.

Throughout his career, Kris has demonstrated a remarkable track record of success in spearheading the implementation of innovative decisioning solutions to enhance operational efficiency and accelerate growth. His deep understanding of technology and its application in the financial domain has enabled Kris to navigate complex business landscapes and capitalise on emerging opportunities in dynamic markets spanning Singapore, Australia, New Zealand, Hong Kong, India, Malaysia, Vietnam, Myanmar, Indonesia, Philippines, China, and Thailand.

Elmer M Malolos (Jojo)

President and CEO PayMongo

Jojo is currently Chief Executive Officer of PayMongo Philipppines, Inc. a Filipino-led Fintech startup that provides payment gateway infrastructure for businesses big and small to easily accept payments from their customers online via credit/debit card (straight/installment payments), buy now, pay later platforms, e-wallets, online banking, and over-the-counter payment establishments.

Jojo was formerly the CEO of JG Digital Equity Ventures Inc (JGDEV), and Data Analytics Ventures Inc (DAVI) , both digital subsidiaries of the JG Summit Holdings, one of the largest conglomerates in the Philippines with business interests in air transportation, banking, food manufacturing, hotels, petrochemicals, power generation, publishing, real estate and property development, and telecommunications. JGDEV deploys capital to early stage startups and successful portfolio companies raising funding at later stages. JGDEV investments are within the new media, consumer sector, retail and financial services verticals. It also looks at technology platforms that could power future industries such as digital health, data, and logistics.   Jojo was also Co-Founder and CEO , Chairman of GoTyme Bank, one of six companies granted digital banking licenses in the Philippines. GoTyme has successfully launched in October 2022 and now has about 300, 000 transacting customers.

Jojo was formerly Chief Executive Officer of Wing, a pioneering Mobile Finance institution that has successfully brought the unbanked into the mainstream financial industry of the country that allows them to contribute to the economic success of Cambodia.

Jojo is an experienced mobile money and mobile payments chief executive and brings with him extensive Mobile and Digital Financial Services (DFS) experience in emerging markets including the Philippines, Latin America and Africa that married technology and finance that are relevant to the poor. He has led and ran pioneering mobile money companies like WING and Smart Money in setting the financial services landscape in developing markets, fulfilling the needs of both banked and unbanked to create and manage successful FINTECH footprints in the ASEAN region particularly.

Among his notable leadership positions were:

• Member, Southeast Asia Senior Advisory Council,  Women’s World Banking,  a global nonprofit devoted to giving more low-income women access to the financial tools and resources they require to build security and prosperity.
• Managing Director  Cignifi,  Inc., Big Data Consumer Analytics for financial services using non-traditional credit scoring solutions that provides organizations to extend access to the financially excluded populations in emerging markets
• Managing Partner,  AccessOneBillion  (A1B), a management consulting firm on mobile money/financial inclusion based in San Francisco. A1B aims to Educate, Empower and Lead in the application of Digital Innovation to achieve Exponential Results in Financial Inclusion


• Formerly Chief Executive Officer of  Smart Hub Inc ., a mobile commerce company and subsidiary of Smart Communications, Inc.
• Formed  Mobile Payment Solutions Pte. Ltd. , (MPS) a joint venture with Mastercard Worldwide and Smart Hub Inc., a mobile money company implementing new global mobile payments ecosystems in emerging markets including Latin America, Europe, Asia, Africa.
• Established a mobile micro-thrift bank in the Philippines  (M-Bank ) in partnership with global microfinance organizations that will pursue real financial inclusion in the Philippines using loans, savings services to develop micro-enterprises amongst the poor and within the poor
• International corporate business leadership roles in PriceWaterhouseCoopers, IBM Corp., Smart Communications, Inc., Smart Hub Inc, Mobile Payment Solutions, Pte. Ltd., the GSMA Mobile Money for the Unbanked organizations and International Networks that support businesses

Sumit Batra

Director of Solutions Engineering APAC Backbase

Sumit is the Director of Solutions Engineering for APAC at Backbase, bringing over 15 years of domain expertise spanning Retail, SME, Wealth & Institutional banking. With a strong foundation in modern technology and architecture design principles, Sumit has made significant contributions to product management, enhancing corporate banking products and platforms since the early stages of his career.

As a thought leader, Sumit remains at the forefront of market trends and technological advancements. His customer-centric approach, strategic vision, strong sales acumen, and problem-solving skills make him a well-rounded and effective leader in driving successful business outcomes and fostering meaningful client relationships.

Edison Tsai

As the Executive Director of Seedin Technology Inc., Edison is responsible for managing and developing the Philippines finance market and works closely with other overseas counterparts to ensure the successful expansion and implementation of SeedIn in the Philippines. Edison has over 20 years of experience in the development, management, operations, and consultation of Information Management Projects for major private companies and government agencies in the Philippines. He is also on the Board of Directors of ExpressPay Inc., one of the leaders in Payment Services franchising with over 800 franchised branches since 2016.

As an art enthusiast, Edison also founded Unit 256 Ventures Inc., a startup that operates the Artifract.io NFT Marketplace, a pioneer of Fine Arts NFT in Asia that focuses on helping art estates, museums, private collectors, and artists in the preservation of Fine Arts, ensuring copyright of every piece, and future-proofing collections. The platform brings Master-art to the public through NFTs and Fractional Ownership. In his work, he focuses on how through royalty programs, artists can directly profit from their work and have a sustainable perpetual income.

He is currently the Chair of Strategic Partnerships for FinTechAlliance.ph to foster and strengthen relationships with other Fintech Organizations in and outside of the Philippines, and the Chair of the Membership Committee and Board Member of Fintech Philippines Association (FPA) in its mission to promote the Philippines as a global leader in FinTech innovation and expanding its membership base.

Prior to SeedIn, he worked with the Department of Trade and Industry (DTI) as its Chief IT Consultant for implementation of key IT projects involving business registrations. This includes collaborations with various government agencies such as Securities and Exchange Commission (SEC), Cooperative Development Authority (CDA), Bureau of Internal Revenue (BIR), Social Security System (SSS), Home Development Mutual Fund (Pag-IBIG), Philippine Health Insurance Corporation (PhilHealth), Local Government Units (LGUs) and other permit/license-issuing agencies.

He is also the founding CEO of Sigmasoft Technologies, that was acquired by Touch Solutions in 2011, before the company went public on the Philippine Stock Exchange. Edison holds a degree in Master of Science in Information Technology (MSIT) from De La Salle University.

Chirag Amla

Principal Architect, APAC Mambu

Currently based in Melbourne, Chirag is a seasoned banking technologist who has worked on large and small transformation programs with banks and fintechs globally, including NAB, UBank and ANZ in Australia. He has acquired expertise in key business areas including Home Loans, Customer Centric Origination & Fulfilment Workflow and Retail & Digital Banking that has enabled him to successfully design and deliver solutions that are flexible, provide omni-channel experience and are scalable to respond to changing market conditions.

Chirag’s passion is to learn and apply new ways of thinking that push the boundaries and question the status quo, allowing him to have an effective partnership between traditional and modern practices and to inject digital DNA on a corporate level to enable the organisation to be digital-first.

Lynette V. Ortiz

President and CEO      Land Bank of the Philippines

Ma. Lynette V. Ortiz assumed her post as the 11th President and CEO of the Land Bank of the Philippines on 24 May 2023 following her appointment by Philippine President Ferdinand R. Marcos, Jr.

With over 30 years of experience in banking and finance, Lynette held various senior roles in Risk Management, Treasury, Corporate Finance and Capital Markets in foreign and local institutions. Prior to her appointment, she was the first Filipino CEO of Standard Chartered Bank (SCB) Philippines. She led strategies to grow the local franchise across the various client segments and deliver sustainable financial performance.

During her tenure in SCB, she spearheaded several landmark transactions in both domestic and international capital markets for Philippine and ASEAN issuers. These include the maiden offerings of both LANDBANK and the Development Bank of the Philippines of Sustainability Bonds. She helped the National Government raise funds through global and domestic bond issues, with SCB serving as book runner for foreign currency denominated offerings of the ROP.

She serves as First Vice President in the Board of the Bankers Association of the Philippines (BAP), and is also a member of the BAP Executive Committee.

A strong advocate for diversity and inclusion, Lynette was named United Nations 2021 Philippine Women’s Empowerment Principles Awards Champion for Leadership Commitment, for her role in setting strong corporate commitments and inclusive leadership.

Lynette took her MBA in Finance and Investments from the City University of New York, Baruch College, and her degree in BA in Economics, Cum Laude, from the University of the Philippines.

Angelo Madrid

President Maya Bank

Angelo Madrid is the President of Maya Bank, the no. 1 digital bank in the Philippines.

Before joining Maya Bank, Angelo served as the Country Manager of Tala Philippines (Tala PH), a US-based fintech lending startup. He also held various executive leadership roles with Citibank, based in New York, including co-founding a fintech startup with Citi Ventures that uses alternative data to help consumers in the US gain access to credit. ​Early in his career, he practiced law at Baker & McKenzie (QT) and Sycip Law, doing banking, project finance, and M&A transactions.

Gelo received his bachelor’s degree in Management and Juris Doctor law degree from the Ateneo de Manila University. He completed his MBA from Duke University – Fuqua School of Business.

Hamilton Angluben

Founder & CEO Kwik.insure

Hamilton Angluben is the Founder and CEO of Kwik.insure, an insurtech which digitalizes insurance and healthcare distribution. He was previously General Manager of Cashalo, one of the Philippine’s first and largest digital lending apps. He was also a General Manager of Cebuana Lhuilllier, the largest pawnshop chain in the world, where he sold microinsurance and bundled them with bill payments and remittance products.

Hamilton is a founding member of the Fintech Alliance Philippines. His education comes from Oxford University, University of the Philippines, and Ateneo de Manila. He holds a Level 3 Certificate in Insurance from the Chartered Insurance Institute.

TG Limcaoco

President & CEO Bank of the Philippine Islands

Jose Teodoro “TG” Limcaoco (TG Limcaoco) is the President and CEO of Bank of the Philippine Islands (BPI) – the oldest bank in both the Philippines and Southeast Asia, and one of the most established financial institutions in the country. TG was appointed as BPI President and CEO on April 22, 2021. He has served as a Director of the Board and a Member of the Bank’s Executive Committee since February 2019.

He is Chairman of BPI Wealth – A Trust Corporation, Bank of the Philippine Islands (Europe) Plc., BPI Capital Corporation, BPI/MS Insurance Corporation, and BPI AIA Life Assurance Corporation. He is Vice Chairman of BPI Century Tokyo Lease & Finance Corporation and BPI Century Tokyo Rental Corporation. He is President and Vice Chairman of BPI Foundation, Inc.

Outside of BPI, he is President of the Bankers Association of the Philippines, Chairman of Philippine Payments Management Inc., a Trustee of the Asian Institute of Management, and a Director of AC Mobility Holdings, Inc. He is also a current member of the Management Association of the Philippines, the Financial Executives Institute of the Philippines (FINEX), and the Rotary Club of Makati West (where he is a Past President). Lastly, TG is a Director of Just for Kids, Inc., a homegrown business of his family.

In recognition of his outstanding leadership and exemplary communication skills, TG was bestowed the prestigious 2023 Communicator of the Year award under the Executive Leader Category by the International Association of Business Communicators (IABC) Asia Pacific. This award underscores his ability to effectively convey complex ideas and foster meaningful connections within the business community. He also earned the Gold Award in the Best CEO category for the Philippines in Asia’s Best Managed Companies 2023 poll of FinanceAsia. This accolade serves as a testament to his exceptional stewardship and strategic vision, further solidifying his reputation as an exceptional leader in the financial industry.

Before coming to BPI, he was the Chief Finance Officer, Chief Risk Officer, and Chief Sustainability Officer of Ayala Corporation, a Philippine Stock Exchange-listed company. He was also the Chairman of AC Energy International, Inc. (formerly Presage Corporation) and the President and CEO of AC Ventures Holding Corp. He was also a Director of the Board of several Ayala companies, including publicly-listed Globe Telecom and Integrated Micro-electronics Inc, and the energy, infrastructure, industrials and healthcare companies of the Ayala group. He was also a director of the companies that operated G-Cash and Zalora Philippines.

Previously, he served as President of BPI Family Savings Bank from 2010-2015 and President of BPI Capital Corporation from 2007- 2010. He also served as Officer-in-Charge for Ayala Life Assurance, Inc. and as Director and Chairman of Ayala Plans, Inc.

Mr. Limcaoco joined Ayala Corporation as a Managing Director in 1998. Prior to his appointment as Chief Finance Officer in April 2015, he held various responsibilities including Trustee and Treasurer of Ayala Foundation, Inc., President of myAyala.com, and CFO of Azalea Technology Investments, Inc. He served as the President of the Chamber of Thrift Banks from 2013-2015. He was named as the ING-Finex CFO of the Year in 2018. He has held prior positions with JP Morgan & Co. in Singapore and New York and with BZW Asia.

He graduated from Stanford University with a BS Mathematical Sciences degree (Honors Program) in 1984 and from the Wharton School of the University of Pennsylvania with an MBA (Finance and Investment Management) in 1988.

Jean-Marc Arbogast

Country Manager – Philippines International Finance Corporation

Jean-Marc Arbogast is the newly appointed Country Manager for the Philippine office of the International Finance Corporation (IFC), a member of the World Bank Group.

Jean-Marc, a French national, was formerly the Adviser to the Vice-President Corporate Strategy and Resources, where he helped formulate and articulate IFC’s strategic priorities while aligning resources to deliver on our ambitious agenda. Prior to that, Jean-Marc was a Senior Investment Officer in the Global Water team where he led origination and execution of transactions in the sector globally, in close coordination with regional infrastructure colleagues. Before joining IFC in 2012, Jean-Marc worked as an investment banker at BofA Merrill Lynch in New York City, advising industrial and agribusiness companies globally on mergers and acquisitions and capital markets transactions.

In his new role, Jean-Marc is responsible for all IFC activities in the Philippines, including leading efforts to build its portfolio, developing new upstream opportunities and enhancing its impact.

He holds an MBA from Yale University and a Master’s in Aeronautical Engineering from ENSICA, a French engineering school.

Chief Commercial and Revenue Officer UnionDigital Bank Inc.

Mike Singh brings a wealth of experience to the table, with a background in both financial services and entrepreneurship.

He has successfully founded multiple businesses, and his atest venture, Pera247, a digital lending app, was acquired by Grab Finance in 2021, marking his third successful exit. Mike also spent almost a decade at HSBC Finance North America, where he played a key role in launching Best Buy’s Private Label credit card in China and Mexico, and oversaw General Motors’ co-branded credit card. which had a portfolio of over US$7 billion.

Mike holds a Master’s Degree in Business Administration from the renowned Kellogg School of Management in Illinois, USA.

Ren-ren Reyes

President & CEO G-Xchange Inc.

Ren-ren Reyes is the President & CEO of G-Xchange, Inc., responsible for the mobile wallet operations of GCash. He oversees all business units that cover GCash’s Payment and Transfer products. Previous to the role, he was the Chief Marketing and Sales Officer for the country’s flag carrier, Philippines Airlines, and formerly a Director, SVP & Head of the Consumer Business for PLDT and SMART.

He has had extensive experience across a broad spectrum of business challenges – from driving new sources of growth from a dominant position in the foods industry with Nutri Asia, pivoting a legacy business into the digital landscape with PLDT, to successfully turning around the biggest and most well-loved business in the Philippines and the region – SMART, Philippine Airlines, L’Oreal’s Consumer Business, Dove Hair in Southeast Asia and Sunsilk in the Philippines. Ren-ren obtains his Bachelor of Science Degree in Management Engineering from Ateneo De Manila University and attended an executive course on Culture Building in CEDEP, INSEAD and General Management in France.

Manish Bhai

Founder & CEO UNO Digital Bank

Manish Bhai is the Founder, President & CEO at UNO Digital Bank (UNObank Inc.), one of the six licensed and operating Digital Banks in The Philippines and also the Founder at UNOAsia Pte Ltd., the Singapore based fintech that is the primary incorporator of UNO Digital Bank. UNOAsia is the first fintech company in the South & South East Asia region to receive a license outright to operate a digital bank.

Manish left Citigroup in mid 2019 to start his entrepreneurial pursuit around digitalisation Manish is a financial services and banking veteran with 30 years of industry expertise, and C-level engagement across the ecosystem. He has extensive experience of clients, products and regulatory landscape in Asia by being in regional and country head roles in multiple locations. He has built and managed diverse businesses including Asia Institutional Sales, Global Markets Indonesia and Singapore, Country Treasury Indonesia and Corporate Structuring & Sales, South Asia. An industry innovator with expertise across Investments, FX & Derivatives, Balance Sheet management, Credit, Sales & Execution, Manish is very passionate about digitalisation and building new solutions.

Manish is a HBS alumni, a Fellow Chartered Accountant, Associate Cost Accountant and a qualified Company Secretary with a number of university level and All-India Rank recognitions. He was recognised as the Top 10 Fintech Leaders in the Singapore Fintech Festival (SFF) Global Fintech Awards 2022, and more recently as the CEO of the Year, Asia 2023 by IDC.

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Key benefits of travel medical insurance

• Travel medical insurance coverage
• Who needs medical travel insurance?

Choosing the right travel medical insurance

How to use travel medical insurance, is travel medical insurance right for your next trip, travel medical insurance: essential coverage for health and safety abroad.

Affiliate links for the products on this page are from partners that compensate us (see our advertiser disclosure with our list of partners for more details). However, our opinions are our own. See how we rate insurance products to write unbiased product reviews.

• Travel medical insurance covers unexpected emergency medical expenses while traveling.
• Travelers off to foreign countries or remote areas should strongly consider travel medical insurance.
• If you have to use your travel medical insurance, keep all documents related to your treatment.

Of all the delights associated with travel to far-flung locales, getting sick or injured while away from home is low on the savvy traveler's list. Beyond gut-wrenching anxiety, seeking medical treatment in a foreign country can be exceedingly inconvenient and expensive.

The peace of mind that comes with travel insurance for the many things that could ail you while abroad is priceless. As options for travel-related insurance abound, it's essential to research, read the fine print, and act according to the specifics of your itinerary, pocketbook, and other needs.

Travel insurance reimburses you for any unexpected medical expenses incurred while traveling. On domestic trips, travel medical insurance usually take a backseat to your health insurance. However, when traveling to a foreign country, where your primary health insurance can't cover you, travel medical insurance takes the wheel. This can be especially helpful in countries with high medical care costs, such as Scandinavian countries.

Emergency medical evacuation insurance

Another benefit that often comes with travel medical insurance, emergency medical evacuation insurance covers you for any costs to transport you to an adequately equipped medical center. Emergency medical evacuation insurance is often paired with repatriation insurance, which covers costs associated with returning your remains to your home country if the worst happens. 

These benefits are for worst-case scenarios, but they might be more necessary depending on the type of trips you take. Emergency medical evacuation insurance is helpful if you're planning on traveling to a remote location or if you're traveling on a cruise as sea to land evacuations can be costly. Some of the best travel insurance companies also offer non-medical evacuations as part of an adventure sports insurance package.

It's also worth mentioning that emergency medical evacuation insurance is required for international students studying in the US on a J Visa. 

Types of coverage offered by travel medical insurance

The exact terms of your coverage will vary depending on your insurer, but you can expect most travel medical insurance policies to offer the following coverages.

• Hospital room and board
• Inpatient/outpatient hospital services
• Prescription Drugs
• COVID-19 treatment
• Emergency room services
• Urgent care visits
• Local ambulance
• Acute onset of pre-existing conditions
• Dental coverage (accident/sudden relief of pain)
• Medical care due to terrorist attack
• Emergency medical evacuation 
• Repatriation of mortal remains
• Accidental death and dismemberment

Travel medical insurance and pre-existing conditions

Many travel insurance providers will cover pre-existing conditions as long as certain conditions are met. For one, travelers need to purchase their travel insurance within a certain time frame from when they placed a deposit on their trip, usually two to three weeks. 

Additionally, travel insurance companies usually only cover stable medical conditions, which are conditions that don't need additional medical treatment, diagnosis, or medications.

Who needs travel medical insurance?

Even the best-laid travel plans can go awry. As such, it pays to consider your potential healthcare needs before taking off, even if you are generally healthy. Even if well-managed, preexisting conditions like diabetes or asthma can make a medical backup plan even more vital.

Having what you need to refill prescriptions or get other care if you get stuck somewhere other than home could be essential to your health and well-being. That's without counting all the accidents and illnesses that can hit us when away from home.

Individuals traveling for extended periods (more than six months) or engaging in high-risk activities (think scuba diving or parasailing) should also consider a solid medical travel plan. Both scenarios increase the likelihood that medical attention, whether routine or emergency, could be needed.

In the case of travel via the friendly seas, it's also worth considering cruise trip medical travel insurance . Routine care will be available onboard. But anything beyond that will require transportation to the nearest land mass (and could quickly become extremely expensive, especially if you're in another country).

Like other types of insurance, medical travel insurance rates are calculated based on various factors. Failing to disclose a preexisting health condition could result in a lapse of coverage right when you need it, as insurers can cancel your policy if you withhold material information. So honesty is always the best policy.

Even the best-laid travel plans can go awry. As such, it pays to consider your potential healthcare needs before taking off, even if you are generally healthy. Making the right choice when shopping for travel medical insurance can mean the difference between a minor hiccup in your travels and a financial nightmare. 

When a travel insurance company comes up with a quote for your policy, they take a few factors into consideration, such as your age, your destination, and the duration of your trip. You should do the same when assessing a travel insurance company. 

For example, older travelers who are more susceptible to injury may benefit from travel medical insurance (though your premiums will be higher). If you're traveling for extended periods throughout one calendar year, you should look into an annual travel medical insurance plan . If you're engaging in high-risk activities (think scuba diving or parasailing), you should seek a plan that includes coverage for injuries sustained in adventure sports.

Travel medical insurance isn't just for peace of mind. If you travel often enough, there's a good chance you'll eventually experience an incident where medical treatment is necessary.

Before you submit your claim, you should take some time to understand your policy. Your travel medical insurance is either primary (you can submit claims directly to your travel medical insurance provider) or secondary (you must first submit claims to your primary insurance provider). In the case of secondary travel medical insurance, a refusal notice from your primary insurance provider, even if it does not cover medical claims outside the US, is often required as evidence of protocol.

On that note, you should be sure to document every step of your medical treatment. You should keep any receipts for filled prescriptions, hospital bills, and anything else documenting your medical emergency.

As many people have found out the hard way, reading the fine print is vital. Most travel insurance policies will reimburse your prepaid, nonrefundable expenses if you fall ill with a severe condition, including illnesses like COVID-19. 

Still on the fence about whether or not medical travel insurance is worth it ? It's worth noting that many travel insurance plans also include medical protections, so you can also protect against trip cancellations and other unexpected developments while obtaining travel medical insurance.

While short, domestic trips may not warrant travel medical insurance, it may be a good idea to insure longer, international trips. You should also consider travel medical insurance for trips to remote areas, where a medical evacuation may be expensive, and more physically tasking trips.

While shopping for travel medical insurance may not be fun, a little advance leg work can let you relax on your trip and give you peace of mind. After all, that is the point of a vacation. 

Medical travel insurance frequently asked questions

Trip insurance covers any unexpected financial losses while traveling, such as the cost of replacing lost luggage, trip interruptions, and unexpected medical expenses. Travel medical insurance just covers those medical expenses without the trip interruption or cancellation insurance.

Travel insurance companies usually offer adventure sports as add-on coverage or a separate plan entirely. You'll likely pay more for a policy with adventure sports coverage. 

Many travel medical insurance policies now include coverage for COVID-19 related medical expenses and treat it like any other illness. However, you should double-check your policy to ensure that is the case.

Editorial Note: Any opinions, analyses, reviews, or recommendations expressed in this article are the author’s alone, and have not been reviewed, approved, or otherwise endorsed by any card issuer. Read our editorial standards .

Please note: While the offers mentioned above are accurate at the time of publication, they're subject to change at any time and may have changed, or may no longer be available.

**Enrollment required.

• Main content

MoneyHero Group announced growth milestone for its insurance vertical

MoneyHero Limited (“MoneyHero” or the “Company”), a market leading personal finance and digital insurance aggregation and comparison platform in Greater Southeast Asia, announced the unaudited growth milestone from its market-leading insurance vertical, with its enterprise-wide revenue growth surged by 150% year-over-year (“YoY”) in the third quarter of 2023 1 .

The significant YoY growth of MoneyHero’s insurance vertical was largely driven by increased consumer interest in travel insurance products throughout the Singapore and Hong Kong markets. The Asia Pacific region’s nearly $10B travel insurance market has expanded rapidly in recent years, with industry projections estimating a continued 17% annual growth rate over the next five years, fueled by increasing travel activity and heightened consumer awareness of travel-related risks. In response to these growth trends, MoneyHero has bolstered its insurance platform through both organic innovation and strategic partnerships, creating a diverse offering of travel insurance products that cater to the evolving needs of modern consumers—from comprehensive coverage options to tailored policies for unique travel experiences . In addition to travel insurance, MoneyHero also experienced increased YoY demand for its life insurance products.

“Over the past year, our insurance vertical has seen robust growth across all major areas, signaling a substantial demand for our unique and comprehensive platform offerings,” said Thomas Kapeller, Group Head of Insurance at MoneyHero. “By leveraging a technology-driven platform and incorporating a ‘buy versus build’ approach into our strategy, we have successfully demystified insurance for consumers throughout Greater Southeast Asia, adding new and expanded revenue streams for the business. This momentum not only underscores the strong market appetite for our platform, but also reinforces our commitment to introducing dynamic products that expand our focus beyond core personal finance solutions.”

The Company’s insurance platform is supported by a strategic partnership between MoneyHero and eBaoTech, a renowned digital solution provider to the global insurance industry. This partnership integrates the powerful technology of eBaoTech’s middleware platform, InsureMO, into MoneyHero’s platform to enable consumers to discover, compare, and purchase unbiased, transparent, and tailored insurance policies more easily.

The result is unaudited, subject to the completion of the Company’s quarterly financial reporting processes, reviews, audit, and potential adjustments that might result.

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MoneyHero Group Announces Year of Innovation and Growth for its Market-Leading Insurance Vertical

MoneyHero Limited (NASDAQ: MNY), formerly known as Hyphen Group or CompareAsia Group, is a market leader in the online personal finance and insurance aggregation and comparison sector in Greater Southeast Asia.

Company partners with powerful insurtech provider—eBaoTech—to create the premiere digital insurance aggregation and comparison platform in Greater Southeast Asia

SINGAPORE, March 06, 2024 (Korea Bizwire) –   MoneyHero Limited  (NASDAQ:  MNY ) (“MoneyHero” or the “Company”), a market leading personal finance and digital insurance aggregation and comparison platform in Greater Southeast Asia, today announced the unaudited growth milestone from its market-leading insurance vertical, with its enterprise-wide revenue growth surged by 150% year-over-year (“YoY”) in the third quarter of 2023 1 .

The significant YoY growth of MoneyHero’s insurance vertical was largely driven by increased consumer interest in travel insurance products throughout the Singapore and Hong Kong markets. The Asia Pacific region’s nearly $10B travel insurance market has expanded rapidly in recent years, with industry projections estimating a continued 17% annual growth rate over the next five years, fueled by increasing travel activity and heightened consumer awareness of travel-related risks. In response to these growth trends, MoneyHero has bolstered its insurance platform through both organic innovation and strategic partnerships, creating a diverse offering of travel insurance products that cater to the evolving needs of modern consumers—from comprehensive coverage options to tailored policies for unique travel experiences. In addition to travel insurance, MoneyHero also experienced increased YoY demand for its life insurance products.

“Over the past year, our insurance vertical has seen robust growth across all major areas, signaling a substantial demand for our unique and comprehensive platform offerings,” said Thomas Kapeller, Group Head of Insurance at MoneyHero. “By leveraging a technology-driven platform and incorporating a ‘buy versus build’ approach into our strategy, we have successfully demystified insurance for consumers throughout Greater Southeast Asia, adding new and expanded revenue streams for the business. This momentum not only underscores the strong market appetite for our platform, but also reinforces our commitment to introducing dynamic products that expand our focus beyond core personal finance solutions.”

The Company’s insurance platform is supported by a strategic partnership between MoneyHero and  eBaoTech , a renowned digital solution provider to the global insurance industry. This partnership integrates the powerful technology of eBaoTech’s middleware platform, InsureMO, into MoneyHero’s platform to enable consumers to discover, compare, and purchase unbiased, transparent, and tailored insurance policies more easily.

_______________ 1  The result is unaudited, subject to the completion of the Company’s quarterly financial reporting processes, reviews, audit, and potential adjustments that might result.

“MoneyHero stands as the trusted beacon for consumers navigating their personal insurance journeys in Southeast Asia,” remarked Rajat Sharma, CRO at InsureMO. “With its winning brands firmly established across Singapore, Hong Kong, Philippines, Malaysia and Taiwan, MoneyHero resonates deeply with users seeking a seamless and informative insurance shopping experience. Their unparalleled consumer audience and exceptional support system for partners exemplify excellence in the industry. We are excited to collaborate with MoneyHero, bringing our cutting-edge InsureMO technology to enrich the MoneyHero ecosystem.”

The strategic partnership between MoneyHero and eBaoTech is part of the Company’s larger growth strategy, which includes leveraging innovative third-party partner-backed solutions within MoneyHero’s dominant personal finance and digital insurance aggregation and comparison ecosystem. This approach allows MoneyHero to efficiently bring new and enhanced products to users, as well as unlock new growth opportunities for partners like eBaoTech, which gain access to the extensive reach, marketing resources, and commercialization capabilities of MoneyHero.

“Our strategy, favoring ‘buying over building’ the cutting-edge technology solutions to enhance our platform, accelerates our market entry and organizational learning,” said Rohith Murthy, CEO of MoneyHero Group. “This approach has significantly contributed to the success of our end-to-end journeys. We are not just changing how insurance is bought and sold; we are redefining the customer experience all together. I am proud of our entire insurance team, including our partners at eBaoTech, for achieving so much in the last year and look forward to the continued growth of this important vertical.”

For more information about MoneyHero, including information for investors and learning about career opportunities, please visit  www.MoneyHeroGroup.com .

About MoneyHero Group MoneyHero Limited  (NASDAQ:  MNY ), formerly known as Hyphen Group or CompareAsia Group, is a market leader in the online personal finance and insurance aggregation and comparison sector in Greater Southeast Asia. The Company operates in Singapore, Hong Kong, Taiwan, the Philippines, and Malaysia with respective brands for each local market. MoneyHero currently managed 279 commercial partner relationships and services 8.7 million Monthly Unique Users 2  across its platform for the 12 months ended December 31, 2023. The Company’s backers include Peter Thiel—co-founder of PayPal, Palantir Technologies, and the Founders Fund—and Hong Kong businessman, Richard Li, the founder and chairman of Pacific Century Group. To learn more about MoneyHero and how the innovative fintech company is driving APAC’s digital economy, please visit  www.MoneyHeroGroup.com .

About eBaoTech eBaoTech, founded in the year 2000 with a mission to “make insurance easy,” is a technology solution provider for the global insurance industry. eBaoTech offers two groups of solutions: InsureMO PaaS and insurance SaaS/Applications. Today, with business in more than 30 countries globally, serving over three hundred carriers and numerous agents, brokers, and other ecosystem players, eBaoTech has become a global leader in insurance technology. For more information, visit  www.ebaotech.com .

_______________ 2  “Monthly Unique User” means as a unique user with at least one session in a given month as determined by a unique device identifier from Google Analytics. A session initiates when a user either opens an app in the foreground or views a page or screen and no session is currently active (e.g., the user’s previous session has ended). A session ends after 30 minutes of user inactivity. We measure Monthly Unique Users during a time period longer than one month by averaging the Monthly Unique Users of each month within that period.

Unaudited Results

These results are unaudited and subject to the completion of the Company’s financial reporting processes, reviews, audit, and are subject to change.

Forward Looking Statements This document includes “forward-looking statements” within the meaning of the United States federal securities laws and also contains certain financial forecasts and projections. All statements other than statements of historical fact contained in this communication, including, but not limited to, statements as to the Company’s growth strategies, future results of operations and financial position, market size, industry trends and growth opportunities, are forward-looking statements. Some of these forward-looking statements can be identified by the use of forward-looking words, including “outlook,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “should,” “could,” “seeks,” “predicts,” “intends,” “trends,” “plans,” “estimates,” “anticipates” or the negative version of these words or other comparable words. All forward-looking statements are based upon estimates and forecasts and reflect the views, assumptions, expectations, and opinions of the Company, which are all subject to change due to various factors including, without limitation, changes in general economic conditions. Any such estimates, assumptions, expectations, forecasts, views or opinions, whether or not identified in this communication, should be regarded as indicative, preliminary and for illustrative purposes only and should not be relied upon as being necessarily indicative of future results. The forward-looking statements and financial forecasts and projections contained in this communication are subject to a number of factors, risks and uncertainties. Potential risks and uncertainties that could cause the actual results to differ materially from those expressed or implied by forward-looking statements include, but are not limited to, changes in business, market, financial, political and legal conditions; the Company’s ability to attract new and retain existing customers in a cost effective manner; competitive pressures in and any disruption to the industries in which the Company and its subsidiaries (the “Group”) operate; the Group’s ability to achieve profitability despite a history of losses; and the Group’s ability to implement its growth strategies and manage its growth; the Group’s ability to meet consumer expectations; the success of the Group’s new product or service offerings; the Group’s ability to attract traffic to its websites; the Group’s internal controls; fluctuations in foreign currency exchange rates; the Group’s ability to raise capital; media coverage of the Group; the Group’s ability to obtain adequate insurance coverage; changes in the regulatory environments (such as anti-trust laws, foreign ownership restrictions and tax regimes) and general economic conditions in the countries in which the Group operates; the Group’s ability to attract and retain management and skilled employees; the impact of the COVID-19 pandemic or any other pandemic on the business of the Group; the success of the Group’s strategic investments and acquisitions, changes in the Group’s relationship with its current customers, suppliers and service providers; disruptions to the Group’s information technology systems and networks; the Group’s ability to grow and protect its brand and the Group’s reputation; the Group’s ability to protect its intellectual property; changes in regulation and other contingencies; the Group’s ability to achieve tax efficiencies of its corporate structure and intercompany arrangements; potential and future litigation that the Group may be involved in; and unanticipated losses, write-downs or write-offs, restructuring and impairment or other charges, taxes or other liabilities that may be incurred or required and technological advancements in the Group’s industry. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of the Company’s registration statement on Form F-1, which was declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on January 22, 2024, and other documents to be filed by the Company from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. In addition, there may be additional risks that the Company currently does not know, or that the Company currently believes are immaterial, that could also cause actual results to differ from those contained in the forward-looking statements. Forward-looking statements reflect the Company’s expectations, plans, projections or forecasts of future events and view. If any of the risks materialize or the Company’s assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. Forward-looking statements speak only as of the date they are made. The Company anticipates that subsequent events and developments may cause their assessments to change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so, except as required by law. The inclusion of any statement in this document does not constitute an admission by the Company or any other person that the events or circumstances described in such statement are material. These forward-looking statements should not be relied upon as representing the Company’s assessments as of any date subsequent to the date of this document. Accordingly, undue reliance should not be placed upon the forward-looking statements. In addition, the analyses of the Company contained herein are not, and do not purport to be, appraisals of the securities, assets, or business of the Company.

For inquiries, please contact:

Investors: MoneyHero IR Team [email protected]

Media: Gaffney Bennett PR [email protected]

Source: MoneyHero Limited via GLOBE NEWSWIRE 

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I'm a financial planner, and I'd recommend annual travel insurance to anyone who loves to travel abroad

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• Frequent and spontaneous travelers will likely benefit from annual travel insurance policies.
• Your credit card may come with some travel protections, but it may not be enough.
• When choosing a policy, look at what it covers, not just what's cheapest.

Summer is just a few months away — and if you're planning a vacation this year, the last thing you want is an unexpected event to derail your plans (and cost you hundreds).

Flights get delayed or canceled constantly. Luggage disappears into the ether. Medical emergencies occur in remote destinations. Yet many jetsetters simply cross their fingers and hope for the best rather than prepare for the worst.

That's why, as a financial planner, I believe it's crucial to consider protecting your trips with the right insurance coverage. One option often overlooked, particularly by frequent travelers, is annual travel insurance .

Annual travel insurance covers all your trips within 365 days. Unlike stand-alone travel insurance, which only covers you for a specific trip, an annual policy covers any trips you take within the year.

That's why I tell clients who travel frequently that an annual policy is a good choice for their needs. By opting for an annual plan, you don't have to go through the hassle of booking multiple policies and potentially save money compared to purchasing individual trip coverage. Here's how it works.

What to look for in a policy

While specifics may vary depending on the insurer and plan tier, most include the following key benefits:

• Trip cancellations or interruptions: You may be able to get reimbursed for expenses (even nonrefundable ones!) related to an illness, injury, or natural disaster that forced you to cancel or cut your trip short.
• Emergency medical and dental care: If you fall ill or get injured while traveling, your insurance can help cover the cost of medical treatment.
• Emergency evacuation: In a serious medical emergency or security situation, your policy will arrange and pay for transportation to a hospital or back to your home country.
• Lost, delayed, or damaged baggage: If your luggage is lost, delayed, or damaged during your trip, you can get financial coverage for essential items while you wait for your stuff to be recovered or replaced.
• Trip delays and missed connections: When your travel plans are disrupted due to issues like mechanical problems or severe weather, you may get reimbursement for additional expenses incurred, like meals, lodging, and transportation.

It's important to note that annual travel insurance plans have limitations. Certain high-risk activities, pre-existing medical conditions, and travel to specific regions may be restricted or require additional coverage.

Some travelers may assume that their credit card's built-in travel protections are enough. While many travel rewards credit cards offer perks like rental car insurance, trip cancellation, and baggage reimbursement, the coverage limits are often much lower than a dedicated annual travel insurance plan.

Credit card coverage for emergency medical care is also particularly limited — capped at a few thousand dollars — which may not be enough in the face of a major international medical emergency.

How much travel justifies an annual plan?

For the occasional traveler who takes one or two trips a year, single-trip policies will probably work for you. But if you fall into any of these buckets, you may want to consider an annual policy:

• Regular international travelers (three or more trips abroad yearly)
• Road warriors frequently away for work
• Adventurers engaging in high-risk activities like heli-skiing, scuba diving, or mountain climbing
• Cruisers and tour group travelers
• Students or retirees taking extended trips throughout the year
• Those visiting developing countries with limited medical care

Annual plans cover all of your trips within a 365-day period after purchasing. They're basically a bundle of multiple policies into one package deal. This means you only have to buy one policy to manage, locking in your coverage for the year.

How to decide if an annual policy makes sense for you

Start by reviewing your travel plans this year — and your risk tolerance. Calculate how much buying individual travel insurance policies would cost you over the next year and compare it to the price of an annual plan.

Don't just focus on the premium — carefully evaluate coverage limits, exclusions, and deductibles to ensure you have enough protection for your needs.

An annual policy gives you the flexibility to take spontaneous trips without the hassle of obtaining last-minute insurance. More importantly, it provides peace of mind, knowing that you're covered for a wide range of travel disruptions and emergencies.

As the busy summer travel season ramps up, definitely explore protecting your trips with insurance, especially if you're jetting off internationally. Spending hours on the phone trying to rebook canceled flights or worrying about affording an overseas medical emergency is no way to vacation.

If you enjoyed this story, be sure to follow Business Insider on Microsoft Start.

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Travel Insurance

Cheapest travel insurance of April 2024

Mandy Sleight

Heidi Gollub

“Verified by an expert” means that this article has been thoroughly reviewed and evaluated for accuracy.

Published 5:00 a.m. UTC April 11, 2024

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WorldTrips is the best cheap travel insurance company of 2024 based on our in-depth analysis of the cheapest travel insurance plans. Its Atlas Journey Preferred and Atlas Journey Premier plans offer affordable travel insurance with high limits for emergency medical and evacuation benefits bundled with good coverage for trip delays, travel inconvenience and missed connections.

Cheapest travel insurance of 2024

Why trust our travel insurance experts

Our team of travel insurance experts analyzes hundreds of insurance products and thousands of data points to help you find the best travel insurance for your next trip. We use a data-driven methodology to determine each rating. Advertisers do not influence our editorial content . You can read more about our methodology below.

• 1,855 coverage details evaluated.
• 567 rates reviewed.
• 5 levels of fact-checking.

Best cheap travel insurance

Top-scoring plans

Average cost, medical limit per person, medical evacuation limit per person, why it’s the best.

WorldTrips tops our rating of the cheapest travel insurance with two plans:

• Atlas Journey Preferred is the cheaper travel insurance plan of the two, with $100,000 per person in emergency medical benefits as secondary coverage and an optional upgrade to primary coverage. It’s also our pick for the best travel insurance for cruises .
• Atlas Journey Premier costs a little more but gives you $150,000 in travel medical insurance with primary coverage . This is a good option if health insurance for international travel is a priority.

Pros and cons

• Atlas Journey Preferred is the cheapest of our 5-star travel insurance plans.
• Atlas Journey Premier offers $150,000 in primary medical coverage.
• Both plans have top-notch $1 million per person in medical evacuation coverage.
• Each plan offers travel inconvenience coverage of $750 per person.
• 12 optional upgrades, including destination wedding and rental car damage and theft.
• No non-medical evacuation coverage.

Cheap travel insurance for cruises

Travel insured.

Top-scoring plan

Travel Insured offers cheap travel insurance for cruises and its Worldwide Trip Protector plan gets 4 stars in our rating of the best cruise travel insurance .

• Worldwide Trip Protector offers $1 million in emergency evacuation coverage per person and a rare $150,000 in non-medical evacuation per person. It also has primary coverage for travel medical insurance benefits, which means you won’t have to file medical claims with your health insurance first.
• Cheap trip insurance for cruises.
• Offers a rare $150,000 for non-medical evacuation.
• $500 per person baggage delay benefit only requires a 3-hour delay.
• Optional rental car damage benefit up to $50,000.
• Missed connection benefit of $500 per person only available for cruises and tours.

Best cheap travel insurance for families

Travelex has the best cheap travel insurance for families because kids age 17 are covered by your policy for free when they’re traveling with you.

• Free coverage for children 17 and under on the same policy.
• $2,000 travel delay coverage per person ($250 per day) after 5 hours.
• Hurricane and weather coverage after a common carrier delay of any amount of time.
• Only $50,000 per person emergency medical coverage.
• Baggage delay coverage is only $200 and requires a 12-hour delay.

Best cheap travel insurance for seniors

Evacuation limit per person

Nationwide has the best cheap travel insurance for seniors — its Prime plan gets 4 stars in our best senior travel insurance rating. However, Nationwide’s Cruise Choice plan ranks higher in our best cheap travel insurance rating.

• Cruise Choice has a $500 per person benefit if a cruise itinerary change causes you to miss a prepaid excursion. It also has a missed connections benefit of $1,500 per person after only a 3-hour delay, for cruises or tours. But note that this coverage is secondary coverage to any compensation provided by a common carrier.
• Coverage for cruise itinerary changes, ship-based mechanical breakdowns and covered shipboard service disruptions.
• Non-medical evacuation benefit of $25,000 per person.
• Baggage loss benefits of $2,500 per person.
• Travel medical coverage is secondary.
• Trip cancellation benefit for losing your job requires three years of continuous employment.
• No “cancel for any reason” (CFAR) upgrade available.
• Missed connection coverage of $1,500 per person is only for tours and cruises, after a 3-hour delay.

Best cheap travel insurance for add-on options

AIG offers the best cheap travel insurance for add-on options because the Travel Guard Preferred plan allows you to customize your policy with a host of optional upgrades.

• Travel Guard Preferred upgrades include “cancel for any reason” (CFAR) coverage , rental vehicle damage coverage and bundles that offer additional benefits for adventure sports, travel inconvenience, quarantine, pets, security and weddings. There’s also a medical bundle that increases the travel medical benefit to $100,000 and emergency evacuation to $1 million.
• Bundle upgrades allow you to customize your affordable travel insurance policy.
• Emergency medical and evacuation limits can be doubled with optional upgrade.
• Base travel insurance policy has relatively low medical limits.
• $300 baggage delay benefit requires a 12-hour delay.
• Optional CFAR upgrade only reimburses up to 50% of trip cost.

Best cheap travel insurance for missed connections

TravelSafe has the best cheap travel insurance for missed connections because coverage is not limited to cruises and tours, as it is with many policies.

• Best-in-class $2,500 per person in missed connection coverage.
• $1 million per person in medical evacuation and $25,000 in non-medical evacuation coverage.
• Generous $2,500 per person baggage and personal items loss benefit.
• Most expensive of the best cheap travel insurance plans.
• No “interruption for any reason” coverage available.
• Weak baggage delay coverage of $250 per person after 12 hours.

Cheapest travel insurance comparison

How much does the cheapest travel insurance cost.

The cheapest travel insurance in our rating is $334. This is for a WorldTrips Atlas Journey Preferred travel insurance plan, based on the average of seven quotes for travelers of various ages to international destinations with a range of trip values.  

Factors that determine travel insurance cost

There are several factors that determine the cost of travel insurance, including:

• Age and number of travelers being insured.
• Trip length.
• Total trip cost.
• The travel insurance plan you choose.
• The travel insurance company.
• Any add-ons, features or upgraded benefits you include in the travel insurance plan.

Expert tip: “In general, travelers can expect to pay anywhere from 4% to 10% of their total prepaid, non-refundable trip costs,” said Suzanne Morrow, CEO of InsureMyTrip.

Is buying the cheapest travel insurance a good idea?

Choosing cheaper travel insurance without paying attention to what a plan covers and excludes could leave you underinsured for your trip. Comparing travel insurance plans side-by-side can help ensure you get enough coverage to protect yourself financially in an emergency for the best price. 

For example, compare these two Travelex travel insurance plans:

• Travel Basic is cheaper but it only provides up to $15,000 for emergency medical expense coverage. You’ll also have to pay extra for coverage for children.
• Travel Select will cost you a bit more but it covers up to $50,000 in medical expenses and includes coverage for kids aged 17 and younger traveling with you. It also offers upgrades such additional medical coverage, “cancel for any reason” (CFAR) coverage and an adventure sports rider that may be a good fit for your trip.

Reasons to consider paying more for travel insurance 

Make sure you understand what you’re giving up if you buy the cheapest travel insurance. Here are a few reasons you may consider paying a little extra for better coverage. 

• Emergency medical. The best travel medical insurance offers primary coverage for emergency medical benefits. Travel insurance with primary coverage can cost more than secondary coverage but will save you from having to file a claim with your health insurance company before filing a travel insurance claim.
• Emergency evacuation. If you’re traveling to a remote location or planning a boat excursion on your trip, look at travel insurance with a high medical evacuation insurance limit. If you are injured while traveling, transportation to the nearest adequate medical facility could cost in the tens to hundreds of thousands. It may make sense to pay more for travel insurance with robust emergency evacuation coverage. 
• Flexibility. To maximize your trip flexibility, you might consider upgrading your travel insurance to “ cancel for any reason” (CFAR) coverage . This will increase the cost of your travel insurance but allow you to cancel your trip for any reason — not just those listed in your policy. The catch is that you’ll need to cancel at least 48 hours before your trip and will only be reimbursed 50% or 75% of your trip expenses, depending on the plan. 
• Upgrades. Many travel insurance plans have optional extras like car rental collision and adventure sports (which may otherwise be excluded from coverage). These will cost you extra but may give you the coverage you need. 

How to find the cheapest travel insurance

The best way to find the cheapest travel insurance is to determine what you’re looking for in a travel insurance policy and compare plans that meet your needs.

 “Travel insurance isn’t one-size-fits-all. Every trip is different, and every traveler has different needs, wants and concerns. This is why comparison is key,” said Morrow.

Consider the following factors when comparing cheap travel insurance plans.

• How often you’re traveling. A single-trip policy may be the most cost-effective if you’re only going on a single trip this year. But a multi-trip travel insurance plan may be cheaper if you’re going on multiple international trips throughout the year. Annual travel insurance policies cover you for a whole year as long as each trip doesn’t exceed a certain number of days, usually 30 to 90 days. 
• Credit card has travel insurance benefits. The best credit cards offer perks and benefits, and many offer travel insurance-specific benefits. The coverage types and benefit limits can vary, and you must put the entire trip cost on the credit card to use the coverage. If your trip costs more than the coverage limit on your card, you can supplement the rest with a cheaper travel insurance plan.
• The coverage you need. When looking for the best travel insurance option at the most affordable price, only buy extras and upgrades you really need. A basic plan may only provide up to $500 in baggage insurance, but if you only plan to take $300 worth of clothes and accessories, you don’t need to pay more for higher coverage limits.

Is cheap travel insurance worth it?

Cheap travel insurance can be worth it, as long as you understand the plan limitations and exclusions. Taking the time to read your policy, especially the fine print, well before your trip can ensure there won’t be any surprises about what’s covered once your journey begins.

“If a traveler is looking for coverage for travel delays, cancellations, interruptions, medical and baggage — a comprehensive travel insurance policy will provide the most bang for their buck,” said Morrow. But if you’re on a tight budget and are only worried about emergency medical care and evacuation coverage while traveling abroad, stand-alone options are cheaper.

Before buying travel insurance, you should also consider what your health insurance will cover. 

“Most domestic health insurance plans, including Medicare, will not cover medical bills abroad,” said Morrow. Even if you’re staying stateside, you may find value in an affordable travel insurance plan with medical coverage if you have a high-deductible health plan (HDHP). 

A cheap travel insurance plan is better than none at all if you end up in a situation that would have covered some or all of your prepaid, nonrefundable trip expenses.

Methodology

Our insurance experts reviewed 1,855 coverage details and 567 rates to determine the best travel insurance . From those top-scoring travel insurance plans, we chose the most affordable for our rating of the cheapest travel insurance.

Insurers could score up to 100 points based on the following factors:

• Cost: 40 points. We scored the average cost of each travel insurance policy for a variety of trips and traveler profiles.
• Medical expenses: 10 points. We scored travel medical insurance by the coverage amount available. Travel insurance policies with emergency medical expense benefits of $250,000 or more per person were given the highest score of 10 points.
• Medical evacuation: 10 points. We scored each plan’s emergency medical evacuation coverage by coverage amount. Travel insurance policies with medical evacuation expense benefits of $500,000 or more per person were given the highest score of 10 points.
• Pre-existing medical condition exclusion waiver: 10 points. We gave full points to travel insurance policies that cover pre-existing medical conditions if certain conditions are met.
• Missed connection: 10 points. Travel insurance plans with missed connection benefits of $1,000 per person or more received full points.
• “Cancel for any reason” upgrade: 5 points. We gave points to travel insurance plans with optional “cancel for any reason” coverage that reimburses up to 75%.
• Travel delay required waiting time: 5 points. We gave 5 points to travel insurance policies with travel delay benefits that kick in after a delay of 6 hours or less.
• Cancel for work reasons: 5 points. If a travel insurance plan allows you to cancel your trip for work reasons, such as your boss requiring you to stay and work, we gave it 5 points.
• Hurricane and severe weather: 5 points. Travel insurance plans that have a required waiting period for hurricane and weather coverage of 12 hours or less received 5 points.

Some travel insurance companies may offer plans with additional benefits or lower prices than the plans that scored the highest, so make sure to compare travel insurance quotes to see your full range of options.

Cheapest travel insurance FAQs

When buying travel insurance, cheapest is not always the best. The most affordable travel insurance plans typically offer fewer coverages with lower policy limits and few or no optional upgrades. Add up your total nonrefundable trip costs and compare travel insurance plans and available features that cover your travel expenses. This strategy can help you find the cheapest travel insurance policy that best protects you from financial loss if an unforeseen circumstance arises.

Get the coverage you need: Best travel insurance of 2024

According to our analysis, WorldTrips , Travel Insured International and Travelex offer the best cheap travel insurance. Policy coverage types and limits can vary by each travel insurance provider, so the best way to get the cheapest travel insurance plan is to compare several policies and companies to find the right fit for your budget.

A good rate for travel insurance depends on your budget and coverage needs. The most comprehensive travel insurance plan is usually not the cheapest. But cheap trip insurance may not have enough coverage or the types of coverage you want. Comparing different levels of coverage and how much they cost can help you find the best cheap insurance for travel. 

The average cost of travel insurance is between 5% to 6% of your total travel expenses for one trip. However, the plan costs will vary depending on how many travelers are covered, their ages, how long the trip is, the travel insurance company and plan you choose, plus any upgrades you include.

Travel insurance covers nonrefundable, prepaid trip costs — up to the policy coverage limits — when your trip is interrupted or canceled for a covered reason outlined in your plan documents. Even the cheapest travel insurance policies usually provide coverage for:

• Medical emergencies.
• Trip delays.
• Trip interruption.
• Trip cancellation.
• Lost, stolen or damaged luggage.

However, if you’re looking to save on travel insurance, you can shop for a policy that only has travel medical insurance and does not include benefits for trip cancellation .

Even when you buy cheap travel insurance, you can often use upgrade options to customize your policy to meet your specific needs. 

Some common travel insurance add-ons you may want to consider include:

• Rental car damage coverage. 
• Medical bundle.
• Security bundle.
• Accidental death and dismemberment coverage.
• Adventure sports bundle.
• Pet bundle.
• Wedding bundle.
• “Cancel for work reasons” coverage.
• “Interruption for any reason” (IFAR) coverage.
• “Cancel for any reason” (CFAR) coverage .

Blueprint is an independent publisher and comparison service, not an investment advisor. The information provided is for educational purposes only and we encourage you to seek personalized advice from qualified professionals regarding specific financial decisions. Past performance is not indicative of future results.

Blueprint has an advertiser disclosure policy . The opinions, analyses, reviews or recommendations expressed in this article are those of the Blueprint editorial staff alone. Blueprint adheres to strict editorial integrity standards. The information is accurate as of the publish date, but always check the provider’s website for the most current information.

Mandy is an insurance writer who has been creating online content since 2018. Before becoming a full-time freelance writer, Mandy spent 15 years working as an insurance agent. Her work has been published in Bankrate, MoneyGeek, The Insurance Bulletin, U.S. News and more.

Heidi Gollub is the USA TODAY Blueprint managing editor of insurance. She was previously lead editor of insurance at Forbes Advisor and led the insurance team at U.S. News & World Report as assistant managing editor of 360 Reviews. Heidi has an MBA from Emporia State University and is a licensed property and casualty insurance expert.

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MoneyHero Group Announces Year of Innovation and Growth for its Market-Leading Insurance Vertical

Company partners with powerful insurtech provider—ebaotech—to create the premiere digital insurance aggregation and comparison platform in greater southeast asia.

SINGAPORE , March 06, 2024 (GLOBE NEWSWIRE) -- MoneyHero Limited (NASDAQ: MNY ) (“MoneyHero” or the “Company”), a market leading personal finance and digital insurance aggregation and comparison platform in Greater Southeast Asia , today announced the unaudited growth milestone from its market-leading insurance vertical, with its enterprise-wide revenue growth surged by 150% year-over-year (“YoY”) in the third quarter of 20231.

The significant YoY growth of MoneyHero’s insurance vertical was largely driven by increased consumer interest in travel insurance products throughout the Singapore and Hong Kong markets. The Asia Pacific region’s nearly $10B travel insurance market has expanded rapidly in recent years, with industry projections estimating a continued 17% annual growth rate over the next five years, fueled by increasing travel activity and heightened consumer awareness of travel-related risks. In response to these growth trends, MoneyHero has bolstered its insurance platform through both organic innovation and strategic partnerships, creating a diverse offering of travel insurance products that cater to the evolving needs of modern consumers—from comprehensive coverage options to tailored policies for unique travel experiences. In addition to travel insurance, MoneyHero also experienced increased YoY demand for its life insurance products.

“Over the past year, our insurance vertical has seen robust growth across all major areas, signaling a substantial demand for our unique and comprehensive platform offerings,” said Thomas Kapeller , Group Head of Insurance at MoneyHero. “By leveraging a technology-driven platform and incorporating a ‘buy versus build’ approach into our strategy, we have successfully demystified insurance for consumers throughout Greater Southeast Asia , adding new and expanded revenue streams for the business. This momentum not only underscores the strong market appetite for our platform, but also reinforces our commitment to introducing dynamic products that expand our focus beyond core personal finance solutions."

The Company’s insurance platform is supported by a strategic partnership between MoneyHero and eBaoTech , a renowned digital solution provider to the global insurance industry. This partnership integrates the powerful technology of eBaoTech’s middleware platform, InsureMO, into MoneyHero’s platform to enable consumers to discover, compare, and purchase unbiased, transparent, and tailored insurance policies more easily.

_______________1 The result is unaudited, subject to the completion of the Company’s quarterly financial reporting processes, reviews, audit, and potential adjustments that might result.

"MoneyHero stands as the trusted beacon for consumers navigating their personal insurance journeys in Southeast Asia ," remarked Rajat Sharma , CRO at InsureMO. "With its winning brands firmly established across Singapore , Hong Kong , Philippines , Malaysia and Taiwan , MoneyHero resonates deeply with users seeking a seamless and informative insurance shopping experience. Their unparalleled consumer audience and exceptional support system for partners exemplify excellence in the industry. We are excited to collaborate with MoneyHero, bringing our cutting-edge InsureMO technology to enrich the MoneyHero ecosystem."

The strategic partnership between MoneyHero and eBaoTech is part of the Company’s larger growth strategy, which includes leveraging innovative third-party partner-backed solutions within MoneyHero’s dominant personal finance and digital insurance aggregation and comparison ecosystem. This approach allows MoneyHero to efficiently bring new and enhanced products to users, as well as unlock new growth opportunities for partners like eBaoTech, which gain access to the extensive reach, marketing resources, and commercialization capabilities of MoneyHero.

“Our strategy, favoring ‘buying over building’ the cutting-edge technology solutions to enhance our platform, accelerates our market entry and organizational learning,” said Rohith Murthy , CEO of MoneyHero Group . “This approach has significantly contributed to the success of our end-to-end journeys. We are not just changing how insurance is bought and sold; we are redefining the customer experience all together. I am proud of our entire insurance team, including our partners at eBaoTech, for achieving so much in the last year and look forward to the continued growth of this important vertical.”

For more information about MoneyHero, including information for investors and learning about career opportunities, please visit www.MoneyHeroGroup.com .

About MoneyHero Group MoneyHero Limited (NASDAQ: MNY ), formerly known as Hyphen Group or CompareAsia Group , is a market leader in the online personal finance and insurance aggregation and comparison sector in Greater Southeast Asia . The Company operates in Singapore , Hong Kong , Taiwan , the Philippines , and Malaysia with respective brands for each local market. MoneyHero currently managed 279 commercial partner relationships and services 8.7 million Monthly Unique Users2 across its platform for the 12 months ended December 31, 2023 . The Company’s backers include Peter Thiel—co-founder of PayPal, Palantir Technologies, and the Founders Fund—and Hong Kong businessman, Richard Li , the founder and chairman of Pacific Century Group . To learn more about MoneyHero and how the innovative fintech company is driving APAC’s digital economy, please visit www.MoneyHeroGroup.com .

About eBaoTech eBaoTech, founded in the year 2000 with a mission to “make insurance easy,” is a technology solution provider for the global insurance industry. eBaoTech offers two groups of solutions: InsureMO PaaS and insurance SaaS/Applications. Today, with business in more than 30 countries globally, serving over three hundred carriers and numerous agents, brokers, and other ecosystem players, eBaoTech has become a global leader in insurance technology. For more information, visit www.ebaotech.com .

_______________2 “Monthly Unique User” means as a unique user with at least one session in a given month as determined by a unique device identifier from Google Analytics. A session initiates when a user either opens an app in the foreground or views a page or screen and no session is currently active (e.g., the user’s previous session has ended). A session ends after 30 minutes of user inactivity. We measure Monthly Unique Users during a time period longer than one month by averaging the Monthly Unique Users of each month within that period.

Unaudited Results

These results are unaudited and subject to the completion of the Company’s financial reporting processes, reviews, audit, and are subject to change.

Forward Looking Statements This document includes “forward-looking statements” within the meaning of the United States federal securities laws and also contains certain financial forecasts and projections. All statements other than statements of historical fact contained in this communication, including, but not limited to, statements as to the Company’s growth strategies, future results of operations and financial position, market size, industry trends and growth opportunities, are forward-looking statements. Some of these forward-looking statements can be identified by the use of forward-looking words, including “outlook,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “should,” “could,” “seeks,” “predicts,” “intends,” “trends,” “plans,” “estimates,” “anticipates” or the negative version of these words or other comparable words. All forward-looking statements are based upon estimates and forecasts and reflect the views, assumptions, expectations, and opinions of the Company, which are all subject to change due to various factors including, without limitation, changes in general economic conditions. Any such estimates, assumptions, expectations, forecasts, views or opinions, whether or not identified in this communication, should be regarded as indicative, preliminary and for illustrative purposes only and should not be relied upon as being necessarily indicative of future results. The forward-looking statements and financial forecasts and projections contained in this communication are subject to a number of factors, risks and uncertainties. Potential risks and uncertainties that could cause the actual results to differ materially from those expressed or implied by forward-looking statements include, but are not limited to, changes in business, market, financial, political and legal conditions; the Company’s ability to attract new and retain existing customers in a cost effective manner; competitive pressures in and any disruption to the industries in which the Company and its subsidiaries (the “Group”) operate; the Group’s ability to achieve profitability despite a history of losses; and the Group’s ability to implement its growth strategies and manage its growth; the Group’s ability to meet consumer expectations; the success of the Group’s new product or service offerings; the Group’s ability to attract traffic to its websites; the Group’s internal controls; fluctuations in foreign currency exchange rates; the Group’s ability to raise capital; media coverage of the Group; the Group’s ability to obtain adequate insurance coverage; changes in the regulatory environments (such as anti-trust laws, foreign ownership restrictions and tax regimes) and general economic conditions in the countries in which the Group operates; the Group’s ability to attract and retain management and skilled employees; the impact of the COVID-19 pandemic or any other pandemic on the business of the Group; the success of the Group’s strategic investments and acquisitions, changes in the Group’s relationship with its current customers, suppliers and service providers; disruptions to the Group’s information technology systems and networks; the Group’s ability to grow and protect its brand and the Group’s reputation; the Group’s ability to protect its intellectual property; changes in regulation and other contingencies; the Group’s ability to achieve tax efficiencies of its corporate structure and intercompany arrangements; potential and future litigation that the Group may be involved in; and unanticipated losses, write-downs or write-offs, restructuring and impairment or other charges, taxes or other liabilities that may be incurred or required and technological advancements in the Group’s industry. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of the Company’s registration statement on Form F-1, which was declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on January 22, 2024 , and other documents to be filed by the Company from time to time with the SEC . These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. In addition, there may be additional risks that the Company currently does not know, or that the Company currently believes are immaterial, that could also cause actual results to differ from those contained in the forward-looking statements. Forward-looking statements reflect the Company’s expectations, plans, projections or forecasts of future events and view. If any of the risks materialize or the Company’s assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. Forward-looking statements speak only as of the date they are made. The Company anticipates that subsequent events and developments may cause their assessments to change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so, except as required by law. The inclusion of any statement in this document does not constitute an admission by the Company or any other person that the events or circumstances described in such statement are material. These forward-looking statements should not be relied upon as representing the Company’s assessments as of any date subsequent to the date of this document. Accordingly, undue reliance should not be placed upon the forward-looking statements. In addition, the analyses of the Company contained herein are not, and do not purport to be, appraisals of the securities, assets, or business of the Company.

For inquiries, please contact:

Investors: MoneyHero IR Team [email protected]

Media: Gaffney Bennett PR [email protected]

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