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Singapore’s Trust Bank has introduced TravelShiok, a new travel insurance product developed in collaboration with Income Insurance. The announcement was made in a press release on October 30, 2024.
TravelShiok provides comprehensive coverage, including protection for unused entertainment tickets to theme parks, concerts, and sporting events booked using the Trust card. Additionally, the policy offers purchase protection of up to S$3,000 for repairs to items accidentally damaged within 30 days of purchase with the Trust card.
For lost or damaged baggage, as well as mobile devices and laptops, TravelShiok covers up to S$8,000. The insurance also includes enhanced benefits for trip postponements, disruptions, loss of travel documents, an overseas hospital allowance, and rental vehicle excess coverage.
Currently, 13% of Trust Bank’s active customer base has purchased an insurance policy from the bank. Notably, customers aged 30 to 49 represent the majority of TravelShiok policyholders.
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