AIICO partners Chartis on travel Insurance

AIICO Insurance Plc has said it is providing travel health insurance plan in partnership with a South African-based insurer, Chartis.In a statement on Friday, the company said it was determined to give travellers rest of mind wherever they might be in any part of the world.It stated that Chartis, formerly known as American International Group South Africa, is the largest insurance conglomerate in South Africa, with capitalisation in excess of $100bn.The companys Managing Director, David Sobanjo,said the partnership had placed Aiico as the leading provider of travel insurance products in Nigeria.Sobanjo explained that the travel insurance plan was designed to meet peoples need as it is now a requirement for all visa applicants travelling to any of the Schengen states in Europe to have insurance in place to cover emergency medical expenses and the cost of repatriation to Nigeria, if need be.According to the statement, travellers to any of the Schengen countries, including Austria, Belgium, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Italy and Latvia, are opportune to take advantage of this product.He said people travelling to other Schengen countries, such as Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Slovakia, Slovenia, Spain, Sweden and Switzerland would also be doing themselves a lot of good by purchasing the travel insurance product.Apart from the listed Schengen countries and South Africa, Sobanjo enjoined people travelling to other countries of the world either for business, educational, religious or holiday purposes to ensure that they arrange this travel insurance policy before leaving the country.He said that the insurance company had simplified the process of arranging the travel insurance cover such that from the point of ticket purchase, the traveller gets Aiico travel health insurance plan automatically.The Aiico Insurance boss added that travellers, who purchased this travel insurance policy, were entitled to emergency medical expenses, optical or dental care, cost of repatriation, return of mortal remains, as well as burial or coffin expenses.Aiicois a major player in general insurance business in the country.According to the statement, the companys success has been the result of its ability to evaluate its potentials, by setting realistic goals and taking necessary actions to achieve them.According to the company, over the last couple of years, a shift has been made from concentrating on retail insurance to becoming a provider of wholesale insurance.Its strength, it said, lay in its ability to attract corporate clients, who have seen its assets grow tremendously.
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