Digital insurance now available with reward points to spend with top brands
Singapore, February 8, 2024 – KoverNow, the popular digital insurance platform, has partnered with Heymax, provider of Max Miles, the versatile reward points scheme, enabling customers to earn points with every dollar they spend on travel or personal items insurance policies.
Securing KoverNow insurance via Heymax, gives customers a wide range of reward options. Every travel insurance policy taken out with KoverNow through Heymax will earn 500 Max Miles, and 15 Max Miles are offered per Singapore dollar spent on any other insurance. This means that if a KoverNow customer’s Sony camera is valued at S$2,700 and the insurance premium is $12.5, the customer will earn 187.5 Max Miles.
KoverNow subscribers will be able to trade in their Max Miles, or points, with over twenty leading airline loyalty programs on a 1:1 ratio. In addition, cash-for-miles will be available with selected airlines and hotels. Gift card redemption is provided at a conversion rate of 100 Max Miles for every S$1.
“This is a very simple offer for our customers to take advantage of when they are purchasing insurance policies through Heymax,” said Stephan Kaiser, CEO at KoverNow. “There are no special conditions or limitations to how many Max Miles they can earn, and they will be able to redeem points with major leading brands such as Qata Airways, Etihad and Japan Airlines.”
KoverNow launched a new Travel Insurance option recently and customers can now purchase both travel cover and dedicated items insurance in just one app. This bundled policy protects against unforeseen costs related to flight delays, medical treatment or the loss of a passport, but if a customer plans to travel with higher value items, such as luxury watches, jewellery or designer handbags, they can simply use the item insurance module to purchase cover. Because of the flexible policy term of 30 days for items cover, customers do not need to commit to a long-term contract to get their valuables covered for a single trip.
Like all KoverNow services, the travel insurance option is easy to use. The app can be downloaded from the App Store or Google Play Store, and once the item or trip to be insured is uploaded into the app, a quote will be instantly provided. The purchase can be made instantly, even if the customer has just left for the airport, making KoverNow simple, fast and straightforward. Now, with the addition of the Max Miles rewards scheme, customers will have an added incentive to secure their vacation and their items insurance through the KoverNow app.
Users who download or update the KoverNow app, can learn more about the available insurance policies. For more information on policies purchased through Heymax which enable access to the Max Miles points click here.
About KoverNow
KoverNow is headquartered in Singapore, centred around its core markets in Asia Pacific. The company’s digitally enabled insurance platform dramatically improves the customer journey for purchasing and managing different types of personal insurance by streamlining processes and speeding up renewals, approvals and claims. The KoverNow platform can achieve these efficiency gains whilst providing transparency, speed and value to existing ecosystems, channel partners and policy holders. KoverNow’s insurance platform provides features and functionality that reflect changing consumer behaviours, such as greater control, flexibility and convenience in a truly mobile format.
For further information, please contact:
Julie Kirby
Ascendant Communications
jkirby@ascendcomms.net or comms@kovernow.com
