Tune Protect Re acquires right for sale of travel insurance within Vietjet Air’s travel portal.
KUALA LUMPUR – Tune Protect Group announce that its wholly owned reinsurance subsidiary, Tune Protect Re Limited in partnership with Baoviet Insurance and Vietjet Air have gone live with the sale of travel insurance within Vietjet Air’s travel portal on 5 July 2023.
The technology on which the travel insurance is sold in Vietjet’s travel portal is powered by White Label, the Group’s insurtech arm. Baoviet is the primary underwriter for all the travel policies sold by Vietjet Air after which part of the insurance premium is ceded to Tune Protect Re Limited.
“We are excited to partner with Baoviet Insurance and Vietjet Air as we are completely aligned strategically in offering affordable travel and travel insurance to meet travellers’ demands while contributing to boosting the regional travel and tourism economy. We have been chosen due to our key strength in travel technology and capabilities, as well as our extensive experience in partnering with six other airline partners across ASEAN and the Middle East. The travel insurance solutions will offer a range of benefits including medical, personal accident and travel inconveniences which can be selected when booking a flight on Vietjetair.com,” said Rohit Nambiar (“Rohit”), Tune Protect Group’s Chief Executive Officer.
For the record, Vietjet Air is the Group’s 7 th airline partner. Other airlines include AirAsia, AirAsia X, Bamboo Airways, SalamAir, AirArabia and FlyArna.
Vietjet Air is Vietnam’s largest private carrier and a fully-fledged member of the International Air Transport Association (IATA). The airline has been awarded the highest ranking for safety with 7 stars by the world’s only safety and product rating website airlineratings.com and listed as one of the world’s 50 best airlines for healthy financing and operations by Airfinance Journal for many consecutive years. It has also been named as Best Low-Cost Carrier by renowned organizations such as Skytrax, CAPA, Airline Ratings, and many others.
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