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Thursday, February 4, 2010

O2 confirms move into travel insurance with 'O2 Flow'

O2 UKHere's confirmation of a story we heard last week. O2 has followed last year's launch of its O2 Money financial services with O2 Flow. It's a travel insurance policy with cover that can be increased or decreased for different types of holiday. Payments are made every month; there's a six-month minimum term. Single-trip and annual policies are also available from O2 Travel Insurance, which is underwritten by Mondial Assistance. However, there's little connection to O2's mobile business with the new insurance scheme.

Fraser Campbell, Head of O2 Money, said "Up until now, travel insurance has traditionally been restrictive for consumers and we know from our research that nobody’s travel plans are ever a one-size-fits-all affair. We are responding to customer insights with the most flexible product on the market which will ensure customers neither over-pay nor find they have inadequate cover while travelling."

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Author: The Fonecast
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