[Finatext Co., Ltd.] Revised plans for “Travel Reservation
Cancellation Insurance” and “School Group Travel Cancellation Insurance”
*Finatext Holdings Co., Ltd.*
Press release: August 26, 2024
**
Revised plans for “Travel Reservation Cancellation Insurance” and “School Group Travel Cancellation Insurance”
*~Reducing insurance premiums for domestic travel and expanding coverage conditions for influenza illness~*
* ■Points of this revision*
– Domestic travel insurance premiums have been reduced by
approximately 33% for “Travel Reservation Cancellation Insurance” and approximately 13% for “School Group Trip Cancellation Insurance.” – We have expanded the compensation conditions for influenza illness and will be compensated up to 6 days before the trip, including the day of travel.
– With “Travel Reservation Cancellation Insurance,” parents can now apply on their behalf for trips involving only minors.
■* “Travel Reservation Cancellation Insurance”*
* ◯Features*
– 100% compensation for trip cancellation fees
– Also applies to overseas trips departing from Japan
– Covers cancellations due to contracting the new coronavirus or PCR test – In addition to package tours, we also support reservations for accommodation only, transportation such as airline tickets, and rental cars only.
– Easy procedure completed online
* ◯Reason for compensation*
Specified infectious disease (infection/PCR test) / Hospitalization of insured person or accompanying person / Death of insured person or accompanying person / Death of relative of insured person or accompanying person / Hospital visit of insured person or accompanying person / Insured care or nursing of a relative of the insured or accompanying person; pregnancy or childbirth of the insured or accompanying person; death of the insured or accompanying person’s pet (dog or cat); damage to the insured’s or accompanying person’s house; Sudden business trip of the insured or accompanying person/appearance of insured person or accompanying person as a judge/transportation delay/automobile breakdown/evacuation order, etc.
*Compensation details are subject to change. Please check when applying. * ◯Example of insurance premium*
Travel fee Insurance premium (domestic travel) Insurance premium (overseas travel)
10,000 yen 380 yen 560 yen
30,000 yen 1,130 yen 1,670 yen
50,000 yen 1,890 yen 2,780 yen
80,000 yen 3,020 yen 4,450 yen
100,000 yen 3,780 yen 5,560 yen
150,000 yen 5,670 yen 8,340 yen
*Insurance premiums are calculated by multiplying the total travel cost by the premium rate. Insurance premiums do not change depending on region or number of people. Please note that the travel price you enter at the time of application will be the portion of the price that is subject to cancellation fees in accordance with the cancellation regulations stipulated in the travel and accommodation terms and conditions. Therefore, if there is a discount under “Nationwide Travel Support,” etc., and the cancellation fee applies to the amount before the discount, it will be the travel price before the discount.
* ◯How to apply*
Please apply from the page below.
https://app.cancel-insurance-spssi.com/direct/tripCancel_v2
■* “School Group Trip Cancellation Insurance”*
◯Features
– Cancellation insurance specialized for trips of 10 or more people (hereinafter referred to as “school group trips”) such as school trips, forest schools, coastal schools, excursions, and study trips. – Voluntary membership for parents and students who are concerned about cancellation fees
– Also available for overseas travel departing from Japan
– 100% compensation for cancellation fees borne by individuals for school group tours
– Covers cancellations due to contracting the new coronavirus or PCR test * ◯Reason for compensation*
Specified infectious diseases, etc. (infection/PCR test) /
Hospitalization of students participating in the trip / Death of students participating in the trip / Death of a relative of a student participating in the trip / Hospital visits for students participating in the trip / Travel Care or nursing of relatives of students participating in the trip/damage to the homes of students
participating in the trip/evacuation instructions, etc.
* ◯Example of insurance premium*
Travel price per person Insurance premium (domestic travel) Insurance premium (overseas travel)
10,000 yen 170 yen 240 yen
30,000 yen 500 yen 710 yen
50,000 yen 830 yen 1,180 yen
80,000 yen 1,330 yen 1,880 yen
100,000 yen 1,660 yen 2,350 yen
150,000 yen 2,490 yen 3,530 yen
*Insurance premiums are calculated by multiplying the total travel cost by the premium rate.
* ◯Application method/Insurance premium payment method*
You can apply on the spot by accessing the application page on your smartphone using the QR code on the special pamphlet distributed by schools and travel agencies. Insurance premiums will be paid by credit card.
* ■Looking for sales partners for “Travel Reservation Cancellation Insurance” and “School Group Travel Cancellation Insurance”* We are looking for sales partners for “Travel Reservation Cancellation Insurance” and “School Group Travel Cancellation Insurance.” If you are interested, please contact us below.
In charge of Smart Plus Small Amount and Short Term Insurance Co., Ltd. Shimizu TEL: 03-5357-1738 Mail: agent-cancel@smartplus-insurance.com * [About Finatext Group, Finatext Co., Ltd., and Smart Plus Small Amount Short-Term Insurance Co., Ltd.] *
Finatext Group is a fintech company group whose mission is to “reinvent finance as a service” and realize embedded finance by providing next-generation financial infrastructure. “Finatext Co., Ltd.” reviews the ideal form of financial services from the user’s perspective and develops new financial services together with partner businesses; “Nowcast Co., Ltd.” provides alternative data analysis services; and “Smart Co., Ltd.” provides a securities business platform. We have operating companies such as “Smart Plus Small Amount and Short Term Insurance Co., Ltd.”, which offers
next-generation digital insurance, and aim to create “a world in which finance is more closely connected to people’s lives.” Company name: Finatext Holdings Co., Ltd.
Representative: Ryota Hayashi, Representative Director, President and CEO Securities code: TSE Growth Market 4419
Established: December 2013
Address: 1-8-10 Kudankita, Chiyoda-ku, Tokyo
9th floor, Sumitomo Fudosan Kudan Building
Official website: https://hd.finatext.com/
* ■Finatext Co., Ltd.*
Finatext Co., Ltd. is responsible for the fintech solution business and the financial infrastructure business in the insurance field within the Finatext Group, which realizes embedded finance by providing next-generation financial infrastructure.
In the FinTech solutions business, MUFG Bank, whose business mission is to “solve financial industry issues through innovation,” provides the services of multiple financial businesses on one platform as a partner of various businesses working on FinTech. “Money
Canvas,” Mitsui Sumitomo Primary Life Insurance Company’s “AHARA,” which allows you to purchase variable annuity insurance from a small amount on your smartphone, and Seven Bank’s “Shopping Investment Collection,” which provides a new investment experience that incorporates gamification elements. ”, etc.
We are developing innovative services. In addition, in the financial infrastructure business in the insurance field, we are working on digital transformation through the development of “embedded
insurance,” which provides insurance by incorporating it into digital services, centered on the SaaS digital insurance system “Inspire.” We support insurance companies. Finatext creates a world where finance is more closely connected to people’s lives by creating new financial services that have never existed before.
Company name: Finatext Co., Ltd.
Representative: Akane Kinoshita, Representative Director and CEO Established: December 2018
Address: 9th floor, Sumitomo Fudosan Kudan Building, 1-8-10 Kudankita, Chiyoda-ku, Tokyo
Official website: https://finatext.com/
* ■Smart Plus Small Amount Short Term Insurance Co., Ltd.*
Smart Plus Small Amount Short-Term Insurance Co., Ltd. is an insurtech company that collaborates with various digital service providers to develop and provide tailored insurance that supports people’s lives and behavior. A solution for businesses that can incorporate into their services the medical insurance “Mother and Child Insurance Hagu” that protects precious babies and mothers, and the “cancellation insurance” that covers cancellation fees for various advance reservation services such as restaurants, travel, theme parks, etc. “For embedding services”
We offer cancellation insurance.
Company name: Smart Plus Small Amount Short Term Insurance Co., Ltd. Representative: Representative Director Hiroto Koyama
Established: April 2019
Address: 9th floor, Sumitomo Fudosan Kudan Building, 1-8-10 Kudankita, Chiyoda-ku, Tokyo
Official website: https://www.smartplus-insurance.com/