The web-based service featuring simple design is available on multiple screen sizes and serves as an online sales and customer support channel. It provides a number of innovative online solutions including a chat line with a call centre specialist and a smart self-learning search engine. The web-based platform offers a customisation option for product selection and enables customers to switch between the telephone and online service. The launch of a mobile application for smartphones and the extension of functionality are expected in the near future.

Following the rollout of personal accident insurance and property insurance products in September 2013 and February 2014 respectively, Tinkoff Online Insurance has launched today a travel insurance offer. During 2014, Tinkoff Online Insurance expects to add motor insurance to its product portfolio.

Commenting on today's announcement, Oliver Hughes, CEO of TCS Bank, said: "The launch of our insurance products offer has generated a significant volume of new business over the past six months. To date, we have accumulated over RUB350 mln in premiums. Our insurance business will gain further momentum after the launch of new web-based platform, which serves as an important distribution and customer support channel. We continue to see additional opportunities in the market for new insurance products as we focus on providing innovative, convenient solutions and superior customer service. These are the core elements of the Group's product offering, representing our competitive advantage."