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nib Australia announces new COVID-19 friendly travel insurance product, and more daily news

nib Travel Group has announced the introduction of an insurance product with built-in COVID-19 cover for customers travelling domestically and internationally. The product is set to offer cover for some COVID-19 related events. The product will be introduced across all nib Travel Group’s brands. Anna Gladman, nib Travel Chief Executive Officer has said that the new product highlights the efforts of the insurer to offer continued protection to customers. Gladman has said that they reassessed the level of cover offered by existing products as they understand the lasting effects COVID-19 will have.

“nib Travel Group (nib Travel) has today announced a new travel insurance product which includes plans which offer cover for some Coronavirus (COVID-19) related events as it resumes selling travel insurance policies in Australia.

The new product will be rolled out across all nib Travel brands starting with Travel Insurance Direct (TID).

nib Travel Chief Executive Officer, Anna Gladman said the new product reflects efforts to find new ways to protect travellers in a world learning to live with coronavirus.

“We understand travellers are concerned about the impact coronavirus might have on their plans and health while travelling. A survey* of our travellers showed 40% were looking for Coronavirus (COVID-19) related events in their policy,” Mrs Gladman said.

“With coronavirus destined to become part of normal life and in response to the challenges this poses to travel we have reassessed our coverage and the protection we can extend to travellers," she said.”

It has also been announced that customers looking to increase their level of cover will have access to some cancellation and additional accommodation costs if they are required to quarantine while travelling. Cancellation coverage has also been introduced for essential workers who may be required to return to work.

“In addition to new cover for coronavirus-related medical expenses overseas, travellers who choose a higher level cover also have access to some cancellation and additional accommodation costs if subject to quarantine as a result of a diagnosis while travelling.

The new product also recognises the extraordinary contribution of healthcare, aged care and law enforcement workers who have worked tirelessly against COVID-19 with special provision for cancellation coverage should they be asked to return to work.

The new product will support those travellers looking to book trips both domestically now and internationally in the future with the desire to travel remaining strong.” Click here to read more

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