Aegon targets over 50s with pay per day travel cover
Aegon Direct Marketing Services Europe has launched a new insurance provider, Gnu Insurance.
As a specialist insurance provider for the older traveller, it plans to offer a range of products including new and pay per day cover.
Its website www.gnuinsurance.co.uk goes live tomorrow.
Paul Thilo, general manager at Gnu Insurance, said: "The older you get, the more difficult it is to buy travel insurance as many mass market travel insurers exclude on the basis of age or pre-existing medical conditions. The reality is that as we age, the desire for travel does not simply diminish; in fact as the market makes it harder to get cover, the need for comprehensive travel insurance increases.
"As lots of over 50s make the most of their freedom by increasingly travelling to far flung destinations, we wanted to provide them with a tailored solution for their unique needs.
He added: "Pay per day is a smarter kind of travel insurance, perfect for the spontaneous holidaymaker. With one initial payment and no need to commit to a destination, travellers get the security and reassurance of year round cover with the benefits of a single trip policy.
"It's great for people who are likely to go on holiday more than twice a year but aren't sure enough of their plans to invest in annual cover. Essentially, it means older travellers can get the right cover at the right time and only pay for what they need."
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@postonline.co.uk or view our subscription options here: https://subscriptions.postonline.co.uk/subscribe
You are currently unable to print this content. Please contact info@postonline.co.uk to find out more.
You are currently unable to copy this content. Please contact info@postonline.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@postonline.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@postonline.co.uk
More on Personal
Brits expect insurers to raise financial abuse awareness
Research from Axa UK has revealed that there is a growing public expectation among UK adults for businesses to play a role in financial abuse awareness.
ManyPets sends all claims through AI agent
ManyPets now has all of its pet insurance claims reviewed and assessed by its artificial intelligence agent, Millie.
Is pet insurance pulling on the leash or coming to heel?
Almost six years on from the Covid-19 pandemic, Scott McGee examines how the pet insurance sector has adjusted, how premiums have evolved, why new entrants are arriving, and where the market could be heading.
Big Interview: Andrew Leal, Waggel
Andrew Leal, CEO and co-founder of Waggel, chats with Insurance Post about the challenges and opportunities in attempting to build the “most human pet insurer”.
Hidden pipework increasing scale of escape of water losses
Concealed pipework and long-term maintenance gaps are allowing minor escape of water issues to escalate, fresh claims data from McLarens has shown.
Diary of an Insurer: Policy Expert’s Linda Crichton
Linda Crichton, chief service and operations officer at Policy Expert, balances leadership, innovation and a Springer Spaniel named Mylo.
Tesco Law and the insurer legal services revolution that never was
Content Director's View: More than a decade ago many insurers could not wait to seize the opportunities afforded by a change in the law that allowed them to set up their own legal services arms. Jonathan Swift reflects on what happened next - and the prospect of a one-stop-shop claims provider in the future.
Admiral and Octopus partner for tailored EV insurance model
Admiral Pioneer, Admiral Group’s venture-building arm, has partnered with Octopus Electric Vehicles on an individual EV insurance model estimated to deliver almost £550 in savings for drivers.