The creation of a Romanian postal bank and an insurance business is a “major component” of Romanian Post’s financial development, CEO and chairman Dumitru Daniel Neagoe told Post&Parcel.
Read MoreCustomers using Estonian Post branches will now have the opportunity to purchase car insurance in store.
Read MoreThe home/office divide is disappearing according to new research by Post Office Home Insurance.
Read MoreIsrael Postal Company Ltd. and Mizrach Insurance Agency are expanding their collaboration and plan to begin the sale of flight insurance through branches of the Postal Bank Ltd. in July. The two companies also plan to expand the sale of vehicle insurance from ten post offices to fifty within the coming weeks.
The Postal Company and Mizrach Insurance Agency launched their joint venture in the first quarter of 2008. The pilot program for the sale of vehicle insurance began at two Postal Bank branches and without an advertising campaign. Both companies say that the pilot has been a success. There are reportedly an average of 1,100 leads per month and the number of sales of insurance policies is much higher than predicted.
Read MoreThe Post Office today announces the launch of its new pet insurance policy, designed to meet the real needs faced by cat and dog owners.
Despite the rising costs of veterinary bills, only one in five pet owners insures their pet, leaving millions of pet owners potentially exposed to huge bills.
The Post Office offers comprehensive cover to cat and dog owners that covers vet bills to a maximum of GBP 5,000 per condition. With the majority (96.5 per cent) of claims under GBP 5,000 pet owners therefore need not pay extra for higher cover limits.
Unlike 12-month policies, Post Office Pet Insurance does not stop paying out after a year, ensuring pets can be covered for long-term health conditions. And with no age limit, cats and dogs of all ages can be covered.
Post Office Head of Pet Insurance Emma Baunach said: “In line with the Post Office’s other financial products, our new pet insurance is easy to understand as it offers a single comprehensive level of cover. There is also no upper age limit, meaning older pets are not excluded. And a simple excess payment of GBP 75 makes it easier to plan and budget for any costs.”
In addition, the Post Office’s policy includes an added benefits package at no extra cost. This includes cover when taking pets abroad, emergency kennel and cattery costs and 12 months free PetBack Protect membership to the Missing Pets Bureau, which means the Post Office ensures that everything possible is done to find lost and stolen pets.
Owners with more than one pet can also enjoy a five per cent discount on the additional premium for other pets.
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