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Post Office reducing prices.
Post Office® travel services is reducing the prices of its annual travel insurance policies by up to 30 per cent as it steps up its drive to become the number one travel insurance provider in the UK. The Post Office® is currently the largest independent provider of travel insurance, second only to two major UK travel agents. The move builds on the success already achieved by the Post Office® as a leading travel services provider, having consolidated its number one position in the foreign currency market with a 25 per cent market share in 2005. From January 2006 all annual policies will be reduced with price savings of up to £50.00 and the policies have been changed to reflect what customers want. Ski and winter sports cover, which was ...cont/
previously part of all annual policies, is now offered as an optional add-on, and customers can now choose to exclude USA, Canada and Caribbean on worldwide policies thus receiving a cheaper rate. Hugh Stacey, head of travel services at the Post Office®, commented: "We are determined to increase further our significant existing share of the travel insurance market. Our policies are among the most competitive on the market and with our trusted brand and nationwide branch network, we are ideally placed to grow further. "Changing habits in travel mean that people go abroad more frequently than ever before with business trips and short breaks supplementing the traditional summer holiday. This means annual policies really can be better value for
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money for travellers giving them cover and peace of mind the whole year through. Options to exclude US travel, or add on ski and winter sports or extended baggage cover to Post Office® policies mean customers have even more choice and flexibility, as well as value for money." The new pricing strategy will be promoted via posters and brochures within all of the 14,500 Post Office® branches across the UK. Annual policies start from £50.00 (for individual cover to Europe) and the Post Office® is also holding its very successful Single Trip travel insurance policies at 2004 prices.
The information contained in this press release should not be relied upon by private investors or any other persons to make financial decisions.
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