Overseas Travel Insurance Subscribers Increase 7-Fold, Samsung Fire & Marine Insurance Hosts "Overseas Travel Quiz Event"

[Asia Economy Reporter Changhwan Lee] Recently, interest in overseas travel has surged significantly alongside the easing of social distancing measures and the exemption from quarantine upon entry. This is a result of pent-up demand for overseas travel suppressed by COVID-19 and the lifting of international flight restrictions.

With the increase in overseas travel, interest in travel insurance has also grown substantially. In April, the number of overseas travel insurance subscriptions with Samsung Fire & Marine Insurance increased about sevenfold compared to the same period last year. As overseas travel rises, travelers are more concerned about accidents that may occur abroad, leading to a greater demand for travel insurance.

Overseas travel insurance is a product that covers medical expenses incurred overseas, which are not covered by domestic indemnity medical insurance purchased in Korea. It also offers coverage for costs related to flight or baggage delays, loss or damage to personal belongings, and liability coverage for damages occurring during travel.

Samsung Fire & Marine Insurance Direct Chaq announced on the 18th that it will hold an overseas travel quiz event until the 26th to further enhance understanding of overseas travel insurance.

This event, open to everyone, is a quiz asking participants to guess the city with the highest number of flight reservations. Among those who answer correctly, 1,000 customers will receive 30,000 Samsung Fire & Marine Insurance AnyPoint. AnyPoint can be used to pay insurance premiums, so it can be utilized when purchasing overseas travel insurance before future trips.

Participants can also easily experience calculating overseas travel insurance premiums. The service is available 24 hours a day, 365 days a year, and according to Samsung Fire & Marine Insurance Direct Chaq’s call-free policy, no sales calls will be made even if premiums are calculated.

Samsung Fire & Marine Insurance Direct Chaq’s overseas travel insurance can be conveniently purchased through the website or app. It is possible to subscribe at a reasonable premium through mobile phone verification by simply entering the traveler’s date of birth, travel period, destination, and purpose of travel. If travel plans change during the trip, the contract can be conveniently extended via mobile while abroad.

Additionally, by subscribing to the newly introduced home theft damage rider earlier this year, travelers can reduce worries about their empty homes while traveling overseas. This rider covers losses such as theft or damage caused by burglary or robbery during the insurance period.

For customers who purchase overseas travel insurance, Samsung Fire & Marine Insurance also provides a Korean language assistance service. This service offers 24-hour Korean language support anywhere in the world.

A representative from Samsung Fire & Marine Insurance Direct said, "We will continue to add new events and coverages for customers who love Samsung Fire & Marine Insurance Direct Chaq," and added, "We hope customers can conveniently purchase travel insurance through the Direct app and enjoy a happy trip without worries about accidents."

This content was produced with the assistance of AI translation services.