RSA, Edenred launch prepaid insurance card in the UK
By Anthony Tshibangu
10 novembro 2011
Royal Sun Alliance (RSA) is collaborating with Edenred to launch a prepaid insurance card in the UK.
Customers of RSA will now have the option to receive a prepaid insurance card or a cash settlement when settling a claim for home and contents insurance.
The card is redeemable at many of the UK’s major high street retailers, including Debenhams and Argos, and can be used anywhere within the Mastercard/Maestreo network.
RSA said the card can be issued more quickly than a banked cheque, allowing the customer to replace the insured item in a shorter period of time.
The settlement payment is separate from the customer’s bank account – increasing the likelihood of replacing the insured item.
Colin Hodgson, sales director at Edenred said:
“The swift distribution of the cards, combined with the convenience and features of prepaid cards in general, has created an attractive proposition for RSA and its policy holders as is demonstrated by the willingness of policy holders to accept the prepaid insurance card.”