HSBC launches new insurance service for travelers

HSBC Bank (Vietnam) Ltd., in partnership with Vietnamese insurer Baoviet Insurance, launched on March 22 an online insurance product providing customers with a range of plans to suit budgets and travel destinations.

“Travel Care is an excellent example of the benefits we can bring to our customers through our strong cooperation with our strategic partner Baoviet in Vietnam,” Tom Tobin, HSBC Vietnam’s Chief Executive Officer, said in a statement.

Vietnamese tourists visit a communal house in the Central Highlands. Travel Care, launched by HSBC Vietnam on Mar. 22, targets travelers. (Photo: Tuong Thuy)

“The past five years have seen a remarkable 20 to 30% annual growth of tourism by Vietnamese locally and abroad. HSBC understands the needs of our customers and their increasing demand for convenient, affordable travel protection products. Our customers will now be able to purchase Travel Care through our website anytime, instantly.”

Key benefits include personal accident cover of up to US$300,000. For outbound packages, medical expenses can be covered up to US$150,000, including follow-up medical expenses incurred within one month of returning to Vietnam; comprehensive emergency medical evacuation expenses and emergency assistance services; cash benefits during hospitalization, delays in trips, loss or delay of baggage.

Baoviet Insurance is an arm of Baoviet Holdings, a leading financial and insurance services group in Vietnam.

By Tuong Thuy

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