YAS Partners with Generali to Launch Hong Kong’s Initial Passenger Microinsurance

Featuring 10,000 Complimentary Rides for 1,000 General public Testers

HONG KONG, March 15, 2021 /PRNewswire/ — YAS Electronic Limited (YAS) unveiled currently Hong Kong’s initial passenger microinsurance “RYDE with YAS” by partnership with Assicurazioni Generali S.p.A. Hong Kong Branch (Generali), as the initially Yr of the Ox delight to shoppers. With this smartest and most basic on-need passenger microinsurance, every day rides will be insured and guarded anyplace anytime as users’ desire.

The “RYDE with YAS” pilot run is open up for pre-registration starting up from nowadays. From now till the finish of March 2021, buyers who sign up efficiently at this web site: https://micro-insurance policies.yas.com.hk/ryde-with-yas will be a part of the “RYDE with YAS” waitlist as a prelaunch user. “RYDE with YAS” will launch on YAS’s new mobile application in growth, “YAS Connect”. Prelaunch consumers will acquire their established of complimentary tickets for 10 rides valued at HK$40 on the “YAS Link” app. The tickets will be instantly available for use on download of the app. Prelaunch users will also be entitled to extra gains right after they safeguard their to start with trip, like a welcome provide of up to 10,000 YAS Loyalty Software benefits factors for insurance policies items and reward redemption.

YAS is featuring 1,000 sets of complimentary tickets to the general public on a first-occur-initial-served foundation. YAS has also invited business practitioners and tech specialists to join the pilot operate to gauge insight and comments for “RYDE with YAS” prior to its formal debut. Further sets will be reserved for the Hong Kong media* for the duration of the pilot run, allowing them to experience the usefulness and protection in the course of their rides for reporting and job interview assignments.

Hong Kong’s significant population density and visitors congestions lead to recurrent highway incidents. According to the Transportation Department’s statistics, Hong Kong has an regular of 44 site visitors mishaps for each day, with a death toll of 107 for every 12 months. Apart from the street security problems, the loss of personal possessions frequency on general public transportation these as MTR and buses although commuting is quite large with hundreds of shed things claimed every day. Individuals are discouraged by the truth that there is no insurance coverage prepare to address anything as smaller as a single trip.

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The introduction of “RYDE with YAS” to the sector supplies a perfect answer to deal with the higher than difficulty. The ground-breaking on-need microinsurance for passengers can defend customers’ each individual and every journey of their each day rides, masking for accidental demise and disablement, accidental medical costs as very well as individual possessions.

Leveraging on the innovative technologies, “RYDE with YAS” serves as a video game-changer that reshapes the coverage landscape, enabling shoppers to activate on-desire security any place whenever. Users’ can now start and stop their protection with basically a single tap on the App utilizing GPS technological innovation. This passenger microinsurance’s scope of coverage is extremely extensive, like general public transportation ranging from buses, mini-buses, trams, cable cars and trucks, MTR, and cross-harbour ferries. It also covers personal vehicles, taxies, Ubers as effectively as shuttles. Every Ticket lasts 1.5 hours (90 minutes), covering several rides in the excursion, with a coverage total up to HK$200,000, safeguarding them from unpredictable scenarios for the duration of everyday commute in Hong Kong and bringing peace of head.

Important features of “RYDE with YAS^#“

Include the next journey in 3 measures:

1. Buy ticket package
   Decide on from 10 tickets, 100 tickets or an limitless every month pass prior to the experience.

2. Activate coverage
   Press ‘Go’ after the vacation is started. Regular pass consumers do not will need to press go once their package deal activates on the efficient start out date.

3. Users are safeguarded for 90 minutes
   Cover various rides within the 90 minutes period of the trip.

“RYDE with YAS#” handles the subsequent:

• Individual Belongings
  Whether or not it is theft or decline of possessions this sort of as wallets and cellular telephones, people are included for HK$1,000 per item, up to HK$2,000.

• Accidental Health-related Bills
  Healthcare coverage up to HK$5,000 for every ticket bundle if they are wounded in an incident.

• Death & Disablement
  Handles up to HK$200,000 for loss of life or disablement resulting from a visitors incident.

The formal launch of the “YAS Hook up” Application is on its way – aspects will be introduced by YAS and Generali. Continue to be tuned. Jointly, let’s RYDE!

“RYDE with YAS” is underwritten by Assicurazioni Generali S.p.A. (Hong Kong Branch) (“Generali”), which is authorised and controlled by the Insurance policy Authority of the Hong Kong SAR.

For media enquiries, you should contact:

Jefferson Lau
Infinite Intellect Communications
E-mail: [email protected]
Business office: +852 2236 5621

Resource YAS Electronic Limited