Challenger bank Monzo announces new travel insurance partner

Challenger bank Monzo has announced a new long-term partnership with insurance firm AXA Partners to deliver its travel insurance proposition.

The partnership will see AXA Partners provide travel insurance as part of Monzo’s Plus account, which launched earlier this year and gives customers additional features alongside their banking facilities.

Jonas Templestein, Monzo co-founder, commented: “We asked our community of users what features they wanted Monzo Plus to include and travel insurance was clearly the top choice.

“In addition to 1.5% interest on their balance, and access to exclusive offers, our new Monzo Plus customers can now add AXA travel insurance at a competitive rate.

Sunita Apte, Global account director at AXA Partners, added: “The world of banking has changed significantly in recent years, with challenger banks competing against the traditional high street banks.

“Customers want a bank that can offer more than just a current account and Monzo is leading the way in this space. Moving from being a payer of insurance to a partner, allows us to provide an exceptional customer experience, whilst adding value to lives. With its award-winning customer service, Monzo Bank is an obvious partner choice for us.

“With thousands of customers already signed up to our family travel insurance policies, we hope to extend our partnership with Monzo in the future, to offer additional products and services.”

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