back Back

N26 and Allianz expand insurance coverage for consumers; adds epidemic and pandemic related claims

By Megha Bhattacharya

January 22, 2021

  • Germany
  • N26
Share

n26Berlin-based digital bank N26 has expanded its Allianz Assistance travel insurance included with N26 You, N26 Business You, N26 Metal, and N26 Business Metal to cover epidemic and pandemic related claims. The company stated that trips starting on 19th January or later will cover cancellations as well as emergency hospitalisation or medical treatment abroad, repatriation assistance and cancelled/interrupted trips.

“Recent N26 research told us that 1 in 3 Europeans (35%) report having to cancel planned travel because of COVID-19 and had to pay out-of-pocket for unexpected changes to their plans. Because of this, we have worked to accelerate this addition to the existing Allianz Assistance travel insurance coverage we offer so that customers who have to travel can do so with added peace of mind, knowing the cover offered takes into consideration the unique situation we find ourselves in today,” said Alex Weber, Chief Growth Officer of N26.

N26 has also introduced new features and initiatives along with the travel insurance expansion. These include the launch of instant banking service, which allowed new customers to begin using their accounts immediately through their digital wallets. It will also allow them to switch to branchless banking immediately without having to wait for their physical card or worry about postal service interruptions during the lockdown. The company also boosted its efforts on cybersecurity education with the launch of the Secure Online Banking consumer guide.

Recently, the FinTech announced the launch of its latest premium subscription, N26 Smart. The new subscription is expected to provide customers with access to the FinTech’s money management features for €4.90 a month. The new monthly subscription is expected to combine the FinTech’s premium features and benefits with new functionalities. The model will comprise phone support in addition to in-app support chat, access to up to ten sub-accounts ‘Spaces’, access to new Round-Ups feature, up to 5 free ATM withdrawals a month and a choice of five different colours of their N26 Smart Mastercard (Aqua, Rhubarb, Sand, Slate and Ocean).

Previous Article

January 22, 2021

Volopay raises USD 2.1M seed funding; company expands into Australia

Read More
Next Article

January 22, 2021

Novatti announces Visa Prepaid cards now supported by Apple Pay

Read More








IBSi Daily News Analysis

Web3, Indian market

April 16, 2024

Germany

Explosive growth in Web3: UAE and MENA region poised to lead crypto, DeFi, and Metaverse revolution

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

Salt Bank rolls out financial app in Romania with Engine by Starling

Read More

Today

Leeds Building Society taps Mambu for core banking modernization

Read More

Today

SC Ventures invests in Sharia-compliant UK FinTech Algbra

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023