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MetLife China, WeSure introduce aviation accident insurance solutions

Published 22 June 2018

MetLife China and Tencent-owned digital insurance platform WeSure have launched an annual aviation accident insurance product, named ‘10-Million All Year Aviation Accident Insurance’.

Consumers need to purchase this product only once a year to enjoy aviation accident insurance coverage all year round, making it easy and more convenient.

While aviation accident insurance is important for business travellers, it is a complex process to select the product and complete the process each time one books a ticket. The numerous aviation insurance provided by different insurance companies makes it even more confusing and difficult for travellers to make their choice.

The annual card type product ‘10-Million All Year Aviation Accident Insurance’ is to make the process easy and convenient. By accessing the Insurance Service through WeChat’s wallet entrance, travellers can go to purchase insurance solutions for any flight around the world with just one click, no longer having to worry about the insurance each time when travelling by plane.

Priced at as low as 68RMB, covering unlimited times of flights and offering up to RMB10m ($1.54m) compensation, the ‘10-Million All Year Aviation Accident Insurance’ has dominant advantages in saving both time and money. Consumers can not only purchase the product on WeChat, but also enjoy multiple services, including coverage status check, flight reminder and weather report.

MetLife China CEO Siyi Sun said: “From testing waters by introducing insurance solutions to travellers before the Qingming Festival, to the launch of the ‘10-Million All Year Aviation Accident Insurance’ before the coming of a peak travel season in the summer break, MetLife China has redefined travel insurance solutions. This not only accelerates our digital footprint, but also underlines MetLife’s determination to offer consumers more and faster end-to-end protection solutions in the digital age.”

WeSure chairman and CEO Alan Lau said” “As consumers travel more frequently, we plan to offer more products to fit their different needs. The ‘10-Million All Year Aviation Accident Insurance’ focuses on creating a more flexible and convenient protection experience for hundreds of millions of consumers.”

Earlier this year, in March, MetLife China and WeSure formed a strategic partnership to offer insurance solutions to travellers in the digital era. This alliance marries WeSure’s capability in social scene application, with MetLife’s experience in insurance services. The upgrade of the highly acclaimed insurance solutions is inevitable. Not only does the product extend from “complementary insurance” and “single purchase” to global annual insurance cover, but also reaches a larger consumer population of 100 million.

Source: Company Press Release