MALAYAN INSURANCE Co., Inc., Liberty Insurance Corp. and Prudential Guarantee and Assurance, Inc. have rolled out plans for individuals with trips affected by the coronavirus disease 2019 (COVID-19) pandemic, the Insurance Commission (IC) said in a statement on Thursday.

The IC said the policies offered by these companies include assistance on flight rebooking, airline ticket reimbursements, and hospital cash benefits, among others.

“Those interested to avail of COVID-19 insurance coverage may well consider these products offered by the three companies mentioned,” IC Commissioner Dennis B. Funa was quoted as saying.

“Our fellow Filipinos may examine these insurance products and avail such products that are most responsive to their needs and the particular COVID-19-related risks they seek protection from,” Mr. Funa added.

The statement said Malayan Insurance’s COVID-19 Endorsement plan includes a hospital allowance for up to 30 days if the insured person is infected while abroad. 

The policy also includes a flight cancellation benefit where the insured can reimburse any unused and non-refundable portion of their airline ticket, accommodations, prepaid local tour packages, and prepaid admission tickets affected by the lockdown.

Meanwhile, Liberty Insurance’s Terminal Illness COVID-19 Endorsement policy provides flight rebooking, meals, and hotel accommodation benefits in case of a lockdown in the country the insured individual will travel to.

The plan will also cover hospital confinement abroad, inclusive of intensive care unit and other hospital and doctor fees for up to 143 days from the arrival of the insured in the Philippines.

Lastly, Prudential’s Travel Shield Policy covers trip cancellation, accident burial benefit, emergency medical evacuation and repatriation benefit, daily hospital confinement cash benefit, and compassionate visit benefit, among others.

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