• Last Update 2024-07-20 09:30:00

Allianz Insurance, HSBC Sri Lanka partner to offer insurance products to HSBC Premier customers

Business

 

 

Allianz Insurance Ltd (Allianz Lanka) has entered into an agreement with HSBC Sri Lanka to offer the bank’s affluent customers two world-class insurance products with flexible 0% installment plans, namely Global Health Medical Insurance that provides high quality healthcare services worldwide, and Student Companion to provide insurance solutions for students travelling overseas for education.

 

These new offerings are part of a 10-year bancassurance distribution agreement signed between the Allianz Group and HSBC covering key markets in Asia such as Australia, China, Indonesia, Malaysia, Taiwan and Sri Lanka, the company said in a media release.

 

The ‘Global Health Medical Insurance’ cover allows HSBC’s Premier customers to enjoy world-class health care with an exclusive cover ranging from US$ 800,000 to US$ 1,500,000 at a special annual premium from Allianz Insurance.

 

Due to the ongoing pandemic, HSBC Premier customers are covered for unexpected medical emergencies, including all necessary medical, surgical treatment and services required on the order of a physician for COVID-19 related treatment when admitted as a registered in-patient to a hospital or quarantine centres.

 

When traveling overseas, HSBC Premier customers are covered for hospitalisation for elective treatments, medical evacuation and repatriation. Kidney dialysis, cancer treatment and more are also included, however subject to the terms and conditions of the policy. This facility is offered with 24/7 assistance and allows direct claim settlement at the Hospital.

 

“The exclusive travel insurance plan namely ‘Student Companion’, gives parents the peace of mind that their children are protected and can stay on track to follow their dreams and achieve their goals while overseas. HSBC Premier customers can opt for a Student Companion travel insurance plan ranging from US$ 50,000 to US$ 200,000 at a special annual premium offered by Allianz Insurance. Students are covered for hospitalisation, loss of baggage and passport, expenses for accident to sponsor, expenses for family visit and other incidental expenses, tuition fees in the event of hospitalization, emergency dental pain relief due to accident, with quick disbursement of claims. Pre-Trip Information Services Embassy referrals, 24-hour Medical Assistance Services, weather and exchange rate information assistance, emergency message transmission assistance, arrangement of hotel accommodation in case of an emergency and Interpreter referral, are also among the services offered,” the statement said.

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