Digital Banking
The brand new partnership will cowl fee safety, refund safety and ticket cancellation.
Picture supply: Revolut
Insurance coverage large Chubb has teamed up with digital banking supplier Revolut to supply a broader vary of insurance coverage to Revolut’s prospects.
Chubb will provide Revolut prospects insurance coverage merchandise like buy safety, refund safety and ticket cancellation when a Revolut card is used.
The brand new coverage additionally covers when a buyer has a confirmed Covid-19 analysis and might’t use occasion tickets bought utilizing their Revolut account.
Felix Jamestin, head of Premium Product at Revolut, stated: “We’re at all times trying to present the most effective value potential to our prospects and assist them get extra from their cash.”
“We’re consistently enhancing our paid plans and are delighted to companion with Chubb so as to add buy safety, refund safety and ticket cancellation for our prospects.”
The latest insurance coverage addition is simply the most recent to be added to Revolut’s ‘super app’ because it bundles in function after function to make its service ever-more priceless to prospects.
Chubb and Revolut will roll the brand new insurance coverage out throughout 22 totally different international locations—Revolut operates in 37 totally different international locations and it isn’t but clear which fortunate international locations have made the listing.
Goulven Thépot, regional head of Underwriting, Accident and Well being in Continental Europe, added: “Our new partnership with Revolut marks a big step for Chubb as we proceed to drive relationships within the digital house.”
“We’re wanting ahead to working with the Revolut group to ship priceless insurance coverage options to their prospects.”
In the previous couple of months, Revolut has launched a brand new subscription service referred to as Revolut Plus, an early wage function, and much more lately Affirmation of Payee that was launched earlier this month.
Revolut additionally lately submitted its software for a UK banking licence having operated within the UK for a number of years with out one, the licence will imply that every one funds held in Revolut accounts will probably be protected below the FSCS scheme as much as £85,000 and the fintech can start to supply credit score merchandise and overdrafts.
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