MoneyHero Limited, a prominent personal finance and digital insurance platform in Greater Southeast Asia, has unveiled a new three-click travel insurance purchase feature for its members in Singapore. This innovation is designed to cater to the increasing travel plans of Singaporeans in 2025, with 53% intending to spend more on holidays compared to 2024. The feature allows users to compare policies from top insurers and complete purchases in just three steps, reducing the time required by over 75%.
The new feature addresses the common inconvenience faced by frequent travellers who must compare multiple insurance policies before each trip. By enabling MoneyHero Group members to select a preferred policy, review details, and make payments in three simple clicks, the process is significantly streamlined. Users can also autofill personal details from previous purchases, eliminating repetitive form-filling.
This enhancement not only benefits customers by providing faster access to coverage but also aids insurers by improving conversion rates and increasing policy sales. Rohith Murthy, CEO of MoneyHero, stated, “Travellers today seek efficiency and convenience, and they don’t want to waste time filling out the same forms every time they travel. They want a fast, seamless way to compare and purchase insurance with minimal effort.”
MoneyHero’s insurance business has seen a 54% increase in revenue year-over-year in the first nine months of 2024. The company plans to extend the three-click purchasing feature to additional insurance products and markets, further solidifying its position in the digital insurance sector.
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