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The brand new pandemic insurance policies to be offered by means of Manulife and its distribution community starting in October might be out there to Canadians travelling each inside the nation and to worldwide locations — together with these with a government-issued degree three journey advisory to keep away from all non-essential journey.
A spokesperson for the insurer stated the brand new insurance policies might be priced individually based mostly on the age of the shopper, what plan they qualify for, and the length of their journey.
In an announcement, Manulife stated the insurance policies will present emergency medical protection together with extra protection particular to COVID-19 and situations associated to the respiratory sickness, and also will cowl travellers within the occasion of an surprising quarantine as a result of pandemic underneath the umbrella of journey interruption advantages.
“Manulife understands that some Canadians have household, enterprise and different essential causes for travelling in-country and to world locations,” the insurer stated within the assertion, including that the specialised protection will help them in the event that they encounter the virus whereas away.
The Canadian authorities has suggested travellers to verify their insurance coverage protection in the event that they do resolve or have to journey, and to contemplate shopping for a cancel-for-any-reason (CFAR) coverage top-up to make sure they’re coated for bills associated to the pandemic.
Manulife stated its new pandemic insurance policies — which could possibly be an alternative choice to a CFAR top-up — will present protection of as much as $200,000 per insured particular person for emergency medical protection for COVID-19 and associated situations in the event that they take a look at optimistic whereas at their vacation spot, and emergency air transport to return house if wanted.
