Shoppers Drug Mart, RBC Insurance launch co-branded travel insurance offering

TORONTO — Canadian pharmacy retailer Shoppers Drug Mart and RBC Insurance have announced the launch of co-branded travel insurance product offerings to be sold exclusively online through the Shoppers Drug Mart website beginning Feb. 16.

"Many Canadians already turn to Shoppers Drug Mart for their travel needs, including passport photos, travel accessories and immunizations," stated Domenic Pilla, president and CEO of Shoppers Drug Mart. "With the introduction of this co-branded travel insurance, with a trusted provider like RBC Insurance, we are strengthening our total travel offering and improving access and choice for our customers."

The travel insurance lineup is the latest addition to the suite of co-branded products available since RBC and Shoppers Drug Mart announced an alliance in early 2012. The RBC Shoppers Optimum banking account was launched at that time and the co-branded MasterCard made its debut in the fall of 2012.

When Canadians visit the Shoppers Drug Mart Web site to purchase travel insurance and enter their Shoppers Optimum card number, they will earn 10 Shoppers Optimum Points per $1 of insurance premium. Shoppers Optimum Points will automatically be credited to their account. If the RBC Shoppers Optimum MasterCard is used to purchase travel insurance online, another five points per $1 will be earned, through the credit card.

Travel insurance products available through the Shoppers Drug Mart Web site will include emergency travel medical, as well as trip cancellation and interruption insurance.

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