Trust Bank Offers In-App Travel Insurance by Incomeby Fintech News Singapore May 29, 2023
Singapore’s Trust Bank announced that its customers are now able to purchase affordable travel insurance by Income Insurance within its app which takes about a minute to complete.
This latest launch combined with Trust Bank’s card with zero FX fees aims to boost its customers travel experience.
Tiffany Teo, Head of Bancassurance at Trust said,
“We’ve rolled out many innovations since September and we are delighted to launch fast and seamless digital travel insurance for our customers. Combined with our fee-free FX, this makes Trust your go-to travel partner this holiday season”
Since its launch in September 2022, Trust bank has introduced its reimagined Performance Financial Management solution Budget Buddies and supplementary credit card where the application process is fully digital.
The bank said that it will continue to grow its range of products and features this year including personal loans, savings pots, GIRO payments and a greater range of self-serve features.
Having chalked up over 500,000 users in the first 200 days since its launch, Trust now has deposit balances of over S$1 billion with over 1.7 million digital coupons redeemed from the FairPrice ecosystem and from its wide range of partners.
Dwaipayan Sadhu, CEO of Trust said,
“We have only just begun but we have bold ambitions. We want to become the fourth largest retail bank in Singapore by the end of next year and to break even in 2025.
To do this, we will continue to build for what our customers tell us is important and what makes a difference to their everyday needs.”