Chubb and Revolut join forces to provide wider coverage to the FinTech’s customers
Insurance provider, Chubb is in partnership with digital banking giant, Revolut to offer a wider range of insurance to Revolut’s esteemed customers. The insurance will cover purchase protection, ticket cancellation and refund protection when a card obtained from Revolut is used.
The Revolut’s customer will also enjoy a new policy when a customer is diagnosed of COVID-19 virus and could not use event tickets purchased with Revolut’s card. Customers get all these insurance covers in Revolut’s app as you can download this app from google or apple store. Revolut is more committed in making more services available to its customers.
Felix Jamestin, the head of Premium Product at Revolut said:
“We’re ever ready to provide more value added services to our esteemed customers and help them get these services at affordable prices.” “We do constantly review our paid plans in other to offer something better than elsewhere and are delighted to team-up with Chubb to add purchase protection, ticket cancellation and refund protection for our customers.”
Chubb and Revolut are brainstorming to add more insurance policies and make them available across 22 more nations. Presently, Revolut operates in 37 countries and the management has promised to have more additions this year 2021.
Goulven Thépot, the regional head of Underwriting, Accident and Health in Chubb Europe, added:
“Our new partnership with Revolut is a significant step for Chubb in driving our vision to make an impact in the digital space. “We are looking forward to a long lasting partnership with Revolut in delivering valuable insurance solutions to their esteemed customers.”
In December last year, Revolut unveiled a new subscription service called “Revolut Plus” to capture low income earners in their various plans.
Revolut is stamping its authority in the digital banking space, as its application for a license is before the UK authorities. Once that application is granted, it means that, all funds held in Revolut accounts are protected under the FSCS scheme up to £85,000. Revolut will begin to offer credit products and overdrafts.
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