Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Manulife to begin offering COVID-19 related travel insurance product

Coronavirus Sep 16, 2020 12:50PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 

TORONTO (Reuters) - Canadian insurer Manulife Financial Corp (TO:MFC) will restore some coverage for coronavirus-related trip interruptions in a new travel insurance policy that also includes COVID-19 in its emergency medical coverage.

The policy will launch in October for Canadians traveling domestically and internationally, including to countries subject to a level 3 travel advisory, Canada's biggest life and travel insurance company said on Wednesday.

Canada has a level 3 advisory, which urges avoidance of non-essential travel, for all countries.

Manulife, as well as some other insurers, said in March they would stop covering trip cancellations or interruptions related to the pandemic as the disease was deemed a "known event."

Manulife's Canadian core earnings in the three months through March declined primarily due to higher travel insurance claims at the start of the pandemic.

Manulife shares are down 27% this year, versus a 3.6% decline in the Toronto stock benchmark (GSPTSE).

Manulife joins smaller rivals, including Medipac Travel Insurance and the Ontario and Quebec plans of the Canadian Association of Blue Cross, which began offering medical travel insurance including COVID-19 coverage in July. Neither offers pandemic-related trip interruption coverage.

Manulife's policy has a C$5 million ($3.79 million) non-COVID-19 emergency medical coverage limit, and a COVID-19 limit of C$200,000.

It will also cover daily quarantine-related expenses of C$150 per person or C$300 per family for up to 14 days, Manulife said.

If a level 3 advisory is upgraded to level 4, Manulife said it will pay a combined C$500 per person for return airfare, meals and accommodation.

($1 = 1.3180 Canadian dollars)

Manulife to begin offering COVID-19 related travel insurance product
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (5)
Austine Joshua
Austine Joshua Jan 16, 2022 3:40AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
how can start
Liky Mwesh
Liky Mwesh Oct 28, 2021 11:00AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
how do you invest in this business
Elom Onyebuchi
Elom Onyebuchi Oct 11, 2021 6:09PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
please tell me how to do this business
Saviour Bassey
Saviour Bassey Sep 22, 2021 7:30PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
good evening please show me home thank you
Napat Limboot
Napat Limboot Nov 17, 2020 4:38PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
.48.53🙏🏼
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email