today, ms lisa leow from zurich insurance company ltd (singapore branch) did a presentation of their group personal accident and corporate travel plans followed by ms cindy wong from aa international.
for the record, zurich has a presence in 170 countries with 26 consecutive quarters of profitability and an s&p credit rating of AA-. zurich first launched their zurich accident insurance product in 1880.
some unique selling propositions of zurich group pa are:
a. full terrorism meaning no exclusion for nuclear, biological and chemical
terrorism;
b. no exclusion for amateur sports while travelling;
c. natural catastrophe triggered inconvenience is covered;
d. although entry age before 75 years but no maximum renewable age for
full-time employees;
e. war risk cover;
f. niche occupational covers for crew on-board vessels, professional divers,
airline crew;
g. regional program structuring for companies expanding abroad;
h. red24 alert service - on-line.
my comments:
zurich has tied up with aa international to provide emergency evacuation and repatriation service. aa international was incorporated in malaysia in 1988 as asia assistance network (m) sdn berhad. in 2005, incorporated aa international inc with offices in kuala lumpur, bangkok, jakarta, manila, singapore, hong kong and seoul and operates 24/7. it is also a member of international assistance group - a global network of independent assistance companies with correspondents in more than 200 countries.
what is interesting is the presenter for aa international, ms cindy wong shared with us that the highest bill incurred so far was for a patient from south america with evaucation and medical bill combined for a total of half a million dollars.
this is the second highest that i have heard with the one from chartis coming in at three quarters of a million dollars.
and that's why i consider taking up travel insurance to be the most important component of any holiday planning, especially when taking a vacation in far away countries. and it is probably the least expensive item on your travel checklist.
therefore, take my advice and don't leave home without it.
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