ERGO enters Singapore insurance market

It launches travel insurance product TravelProtect.

ERGO Singapore announced its entry into the travel insurance market recently, with the new TravelProtect, an insurance plan designed specifically with both the young and mature travellers in mind traveling for leisure or business.

Drawing on knowledge from its Travel Specialist group company ERV, ERGO found that Singaporean travellers wanted a comprehensive product at an affordable price. ERV, which is into travel insurance business since 1907 is a leading provider for Travel Insurance and is represented in over 20 countries.

ERGO TravelProtect is carefully designed to cover the risks that a traveller is potentially exposed to, before, during and even after the trip. Whether a traveller would like sports protection or need a rental car cover while abroad, ERGO TravelProtect has varied benefits options to suit every travellers’ need. With four plans and medical cover ranging from SGD 25,000 to SGD 1.5 million, ERGO TravelProtect offers superior coverage for worry-free holidays or business trips.

“Understanding our customers’ needs, we are committed to provide solutions that bring to them complete peace of mind, well-being and sense of security when traveling away from home. Our aim is to offer the most practical yet comprehensive solution having the right mix of benefits and cover,” says ERGO’s Intermediary Management & Retail Head Adam Tang.

“Accidents and unexpected medical costs often weigh in on travellers traveling overseas,” says Adam. “A sizeable number of Singaporeans still travel without travel insurance even today. We risk facing huge financial burden for seemingly simple medical procedures while overseas. We’ve seen cases where medical bills can be several hundred thousands of dollars when treatment is received overseas.”

“These bills can create major financial headaches at a time when travellers would prefer to be sharing holiday photos and reminiscing over their journeys. Travellers can be spared of much financial heartaches by obtaining an ERGO TravelProtect plan”, adds Adam.

ERGO TravelProtect provides coverage for a much wider range of benefits at an extremely affordable price. It also provides a seamless access to its 24/7 worldwide assistance hotline when abroad to offer much needed assistance to its customers in case of an emergency.

But it’s not just unexpected medical bills that can add up when travelling. Before even getting to the airport, changes to travel plans can be costly, particularly for multiple people travelling or for lengthy journeys. ERGO TravelProtect covers against unexpected cancellations, postponement and travel agent insolvency as well.