business

Tune Protect bolsters pact with BaoViet Insurance

KUALA LUMPUR: Tune Protect Group Bhd has strengthened its reinsurance and technology partnership with BaoViet Insurance Corp, the largest general insurance company in Vietnam.

This is through the offering of BambooCARE Travel Insurance (BambooCARE) for customers flying with Bamboo Airways on its flight booking portal. 

BaoViet Insurance is the oldest insurance company in Vietnam and a wholly-owned subsidiary of Baoviet Holdings. 

It provides a wide range of insurance products leveraging technology to bring convenience and a seamless experience to meet the needs of individual and corporate clients.

Tune Protect said the new initiative was a step forward in the partnership between the two parties which saw the launch of travel insurance and traveltech collaboration in Vietnam, inclusive of flight delay and gadget protection back in 2019.  

"Through this new collaboration, customers flying with Bamboo Airways will enjoy a convenient and seamless experience of acquiring both flight tickets and insurance protection underwritten by BaoViet Insurance and powered by Tune Protect, on one booking platform," it said. 

Tune Protect group chief executive officer Rohit Nambiar said this was in line with its growth plan to expand its footprint in the Asean region, adopting a digital first strategy promoting lifestyle, health and small and medium enterprises (SMEs) lines and segments of businesses.

"While the world is gradually acclimatising to the new norms surrounding the Covid-19 pandemic, the travel community has also become more informed and is more likely to purchase travel protection / insurance.

"It is a timely opportunity for Tune Protect to back BaoViet Insurance in this digital partnership, as we offer our reinsurance expertise and travel technology capabilities for BaoViet Insurance to deliver worry-free, integrated travel experience to customers flying with Bamboo Airways," said Nambiar. 

BambooCARE is available for both domestic and international travels within and out of Vietnam on Bamboo Airways online booking platform. Sales have been quite encouraging despite coming mainly from domestic travels as borders remain closed in the country.

The travel insurance product covers personal accidents, travel inconveniences and medical expenses during the trip to ensure travellers peace of mind.

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