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Revolut launches pay-per-day travel insurance

Travel insurance for £1 a day

Revolut launches pay-per-day travel insurance

World travelers will be able to pay day-by-day for travel insurance with a new product from Revolut – but how does it measure up to traditional cover?

Using geolocation technology, Revolut allows you to purchase travel cover automatically each day you spend abroad.

Which? takes a look at how it works and whether it can compete with other travel insurance policies.

What is pay-per-day travel insurance?

Traditionally travel insurance covers you for a set number days that you are away on holiday, and for pre-selected locations.

But what happens if your plans change and you need to extend your cover or you return early from a trip?

With Revolut’s pay-per-day travel insurance, geolocation technology pinpoints your exact location in the world.

Revolut then automatically provides travel insurance for each day that you are abroad and will disable your coverage upon your return.

What does Revolut’s travel insurance cover?

Revolut’s pay-per-day travel insurance is underwritten by the Thomas Cook Group.

It provides cover for trips of up to 40 days and each policy offers several features including:-

  • Emergency medical & dental treatment while abroad.
  • Access to a network of medical centres across the globe.
  •  Reimbursement paid directly into your Revolut account.
Provider Max Days Excess Medical Coverage Dental Coverage Baggage Cancellation
Revolut 40 £75 £15m Y X X
Revolut Premium 40 £75 £15m Y X X

Revolut also offers the ability to extend your policy to include family and friends or add cover for winter sports such as skiing or snowboarding.

Currently, the travel insurance cover is available to all Revolut users in the UK, provided they are:

  • Under 84 years old or under 70 for annual multi trip policies
  • Registered under the healthcare system within your home country (which must be within the European Economic Area, EEA)
  • Not travelling against medical advice
  • Travelling with the policyholder and live in the same home country as them
  • Travelling on a holiday or journey of no more than 40 days.

Take a look at our guide for more information about finding travel insurance if you have a pre-existing medical condition.


How much does it cost?

Revolut’s pay-per-day travel insurance starts at just under £1 a day, but how much would this cost the average traveller?

According to the challenger bank, Revolut users spend around 13 days abroad per year – meaning the cost of insurance would be £11.76.

Revolut’s pay-per-day policy comes with a price cap specific to each individual policy. Revolut also offers a fixed annual policy for frequent travellers which costs £30 a year.

Travel insurance cover is free for Revolut Premium account holders, which costs £6.99 per month.

How does Revolut’s travel insurance compare?

Revolut’s pay-per-day travel insurance offers a flexible way to get cover for when you’re abroad, which can be appealing if you don’t have a fixed itinerary. It also offers a relatively high upper age limit, which is handy for travellers over 65.

But it’s important to note that Revolut’s policy is only limited to emergency medical assistance and expenses. This excludes mental health treatment or any non-emergency medical treatment, as well as injuries if your judgement is impaired by alcohol.

There is currently no protection available for baggage and belongings, cancellations or travel delays. These costs can be significant, and airlines will not always be required to compensate you – for example, if your flight is cancelled due to bad weather.

This could leave you severely out-of-pocket if anything were to go wrong on your trip. So if you would like comprehensive cover, you may need to take out an additional travel insurance policy.

Revolut has not yet been reviewed by Which? But to find an insurer with a high Which? score, check out our reviews for best and worst travel insurance.

What should your travel insurance cover?

The travel insurance policy you need will depend on your personal circumstances, as well as your travel plans.

But as a minimum, Which? would suggest finding a policy that offers:

  • Emergency medical cover of at least £2m for Europe or £5m worldwide
  • Cancellation, curtailment and missed departure cover of least £3,000
  • Personal belongings and money cover of at least £1,500
  • Personal liability cover of at least £1m

And before taking out a policy, check the terms and conditions carefully to make sure it’s suitable for you.


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