Transilvania Bank launches a facility for clients who prefer to do banking by phone and want to travel safely: insurance Groupama through BT Pay, 100% online, obtained in approximately two minutes.

The option, unique on the Romanian market, is launched through the partnership between Transilvania Bank and Groupama and covers an unlimited number of trips abroad or in Romania, for a period of one year, and the price of the entire insurance is similar to that for a one-week insurance.

The facility will be available gradually, over approximately two weeks, for all BT Pay app users.

About travel insurance:

• It is valid abroad and/or Romania.
• The person who purchases travel insurance can additionally insure other persons, including children.
• Insurance through BT Pay is distinct from that for premium cards from Banca Transilvania, additionally covering the following:
  • cancellation of the trip (storno), including the value of tickets to events (concerts, shows, museums, courses, conferences, etc.) or interruption of the trip, respectively extension of the trip for spouse in case the insured person is hospitalized.
  • both seasonal sports and accident risks resulting from practicing sports with medium and high risk levels are covered.
  • it is also possible to opt for insuring travels from Romania – not only from abroad.

Oana Ilaș, Deputy General Director Retail Banking, Transilvania Bank: “With this option, we take another step to aggregate in BT Pay the solution to as many needs of our clients as possible, and the use of the card and insurance go hand in hand. The insurance was designed both for people who go on vacation once a year and for those who travel frequently. Besides affordability in price and application, simplicity comes from the fact that, once the insurance is activated, for one year our clients no longer have to worry when they travel”.

Călin Matei, Deputy General Director, Groupama: ”Anticipating the needs of our customers has always been one of our priorities, as well as finding ways to respond as efficiently as possible to these needs, each time resorting to digitalization, simplicity, and quality. The Groupama insurance through BT Pay is such an innovation, 100% online, easy to use, and designed to cover the real needs of our customers”.

BT customers' habits: more travels, increasing value of purchases abroad

A quarter of the value of purchases with BT cards represents payments abroad. Travels attract the need for protection during them, especially since their number during a year is also increasing.

Steps required for insurance through BT Pay:

• Accessing the banner Travel insurance from BT Pay;
• Filling in information for insurance customization;
• Consultation of the offer, also taking into account the possibility of covering other persons, including children;
• Payment via application;
• Receiving the insurance policy by email.

The launch of the Travel Insurance option through BT Pay is part of Banca Transilvania's strategy to constantly provide alternatives for remote banking.