The idea is that the insurance plan is simple to use and inexpensive. This is the latest offering from revolut.
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Revolut ltd is a company registered in england and wales no.
Revolut travel insurance terms. Travel insurance cover is free for revolut premium account holders which costs 699 per month. Pay per day travel insurance is a global first and is another step in our journey to build a platform to offer a better kind of banking. The term for insurance is always 12 months and cannot be cancelled early.
On average a revolut user spends 13 days abroad per year which means that pay per day travel insurance only costs 1176. In simpler terms travel insurance plans you can buy that will only kick in when your phone registers you as abroad. Revolut ltd is authorised by the financial conduct authority under the electronic money regulations 2011 firm reference 900562.
As a suggestion i would propose that revolut would consider adding to its borderless banking a borderless medical health insurance covering digital nomads at least in europe where its easy and affordable. The insurance policy covers overseas emergency medical assistance and expenses. The total cover for emergency medical treatment and related expenses is 15m and the cover for emergency dental treatment is 300.
Revolut also offers a fixed annual policy for frequent travellers which costs 30 a year. Location based travel insurance from revolut. However after reading the tc and all docs its clear that this health insurance is more similar to a travel insurance including just emergencies and stuff.
If you pay upfront the amount will be deducted from your revolut balance as soon as you activate your insurance. What does the revolut travel insurance cover. Revoluts pay per day policy comes with a price cap specific to each individual policy.
Trips a holiday or journey which is a round trip starting from when you leave your home country and which ends on your return to your home country and. As well as bank accounts money transfers debit cards they launched pay per day overseas medical insurance. If you opt to pay weekly the first payment will be taken from your revolut account when you activate your insurance.
In true revolut style our pay per day travel insurance starts at less than 1 per day. The company started life as a prepaid debit card solution for travelers and has since evolved into a fully licensed bank. With the tap of a button the service will be set to kick in whenever you are abroad.
Unlike traditional travel insurance where you pay for a set number of days to a specific country revolut uses geolocation technology to pin point where you are in the world and how long you remain there. Statement of insurance means the revolut document that confirms the names of all insured persons and the dates of your insurance cover. Very nice but pretty basic.
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