New policy product will include additional coverage for COVID-19 and apply even in countries with heightened travel restrictions
Insurers’ apparent unease on providing coverage to tourists during the COVID-19 pandemic could be on its way to dissipating as Manulife announces a new specialized travel insurance plan.
The Manulife COVID-19 Pandemic Travel Plan, to be launched in October, will be available to Canadians travelling both domestically and internationally, including to countries with a Level 3 Travel Advisory in place.
Aside from emergency medical coverage that includes additional coverage specific to COVID-19 and related conditions, the new Manulife travel policy will also provide for trip interruption benefits in the event of quarantine.
“The pandemic has had extraordinary impacts on the day-to-day lives of Canadians, and at Manulife, our top priority remains the health and safety of our customers, employees, partners and communities,” Alex Lucas, head of Insurance at Manulife, said in a statement. “This specialized travel insurance is aimed at helping protect what matters most.”
The policy comes with the following types of coverage, provisions, and coverage limits:
Canadians will be able to avail of the Manulife COVID-19 Pandemic Travel Plan through Manulife’s distribution channels including travel agents, brokers, advisors, and sponsors, as well as for direct purchase through Manulife CoverMe.
