AXA Gulf to offer Covid-19 insurance cover
Thursday, 07 30 2020, Category: Insurance and Reinsurance, Country: Gulf Cooperation Council
AXA Gulf plans to include cover for Covid-19 under all its travel insurance policies. Also, the insurer will cover the expenses associated with the rescheduling of a return flight caused as a result of the virus.
With additional flights and destinations opening up all the time, overseas travel is picking up. However, the threat of Covid-19 remains in many parts of the world, with almost six million active cases globally.
With an average daily cost of an intensive care unit (ICU) in a developed country being as much as $5,000, business and leisure travellers might face crippling healthcare bills if they contract the virus while travelling.
AXA will reimburse its travel insurance policyholders for an amount of up to $5,000 for irrecoverable travel costs. Should customers find themselves having to be placed in quarantine whilst overseas, the insurer will pay up to $100 per day for a maximum of 15 days if they cannot isolate themselves safely in their booked accommodation.