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nib Travel announces new insurance product with cover for coronavirus

December 18, 2020 Insurance No Comments Email Email

nib Travel has today announced a new travel insurance product which includes plans which can
offer cover for some Coronavirus (COVID-19) related events as it resumes selling travel insurance
policies in Australia from January 2021.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 cover 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 created a product which will allow travellers to resume exploring with greater peace of mind,” she said.

The new product has plans which offer cover if travellers are diagnosed with coronavirus on their
journey, including overseas medical expenses and some coronavirus-related cancellation and
quarantine expenses.

It 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 required to return to work.

“As always its important travellers take the time to compare plans and the benefit levels available in
line with their planned trip and speak to their travel agent about options that suit them,” she added.

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 “There is significant pent up demand for travel with a recent survey* of our travellers showing that 61% of Aussies are planning on exploring our own backyard in the next 12 months with Queensland at the top of the wish list,” Mrs Gladman said.

“Travel has proven to be an important driver of economic prosperity all over the world and it is
important we do everything we can to give people the confidence to book holidays and get the global tourism industry back on its feet,” she added.

nib Travel has also made the decision to combine the best of its SureSave and nib Travel brands
which will see its partners brought together onto the one system.

From 20 January 2021, nib will become our flagship partner brand with existing SureSave partners
transitioned to nib Travel.

“Importantly, this is just a change to the brand name, we’ll still have the same team on hand to
support our partners and any ongoing policy maintenance as we move forward into 2021,” Mrs
Gladman said.

“We’ll be in touch with our partners in early January to assist them with the transition to nib Travel
insurance.”

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