Traveloka introduces home protection insurance for Eid

_A Monitor Report1 Jun, 2019 | 153 Views|-+
Jakarta : Traveloka, the Indonesian travel unicorn, has launched a new home protection insurance scheme for Eid since many Indonesians visit their hometowns during the Eid holidays, leaving their houses empty and susceptible to criminal activity.

"During Ramadan and Eid, many families leave their homes to visit relatives for a relatively long time," said Yady Guitana, Head of Global Partnerships, Traveloka. "With Traveloka's first home protection insurance product, we hope to alleviate our users' worries and anxiety."

According to a survey by a state-run newspaper, at least eight million people in Greater Jakarta left to visit their hometowns during Eid last year.

Data from the Jakarta Police also shows that around Ramadan last year, the amount of criminal activity rose by about 19pc.

The insurance scheme, which can be purchased through the Traveloka app, insures homes from incidents like fire or burglary for a 30-day period, starting from the user's departure date.

There are two coverage options - IDR 20 million (about USD 1,380, at a payment of USD 1 per person) and IDR 50 million (about USD 3,450, at a payment of USD 2.40 per person).

Founded in 2012, Traveloka's business comprises flight bookings, accommodations, and travel experiences. The company, which bagged USD 420 million in funding last month, recently announced a 30pc rise in flight bookings for Q1 2019.

Headquartered in Jakarta, the company has expanded into seven other countries outside of Indonesia, including India and Australia.

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