AlipayHK and YAS Team Up for Travel Coverage

YAS and AlipayHK Team Up for Travelers’ Accident Protection: Hong Kong’s insurtech firm YAS has joined hands with AlipayHK. They are offering real – time accident protection for Hong Kong travelers spending on the Chinese mainland. The plan is targeted at those who often visit the Greater Bay Area for leisure and shopping. AlipayHK data shows over 10 million Hong Kong residents used cross – border transport in the past year, indicating growing travel between the two regions.

How the Insurance Coverage Works: The insurance automatically adjusts based on user spending. Every purchase is converted into insurance, which can scale up to 20 times the amount spent. The maximum coverage per trip is HK$100,000. YAS anticipates this insurance plan to cover over HK$10 billion in annual spending, embedding free accident protection into each AlipayHK transaction.

Insurance Underwriting and User Convenience: The embedded accident insurance is underwritten by Generali Hong Kong and arranged by YAS. The great thing for users is that no additional registration or procedures are required. This makes it seamless for travelers to have this protection while they are on their trips to the mainland.