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Manulife unveils COVID-19-related travel insurance in face of travel advisories

Signage is seen on Manulife Financial Corp.'s office tower in Toronto, Tuesday, Feb. 11, 2020. THE CANADIAN PRESS/Cole Burston

TORONTO — Manulife Financial Corp. says it is offering COVID-19-related travel insurance for Canadians who take international and domestic trips.

The policy, slated to roll out in October, will provide emergency medical coverage that includes the coronavirus and related conditions.

It will also provide some coverage linked to trip interruptions or cancellations in the event of quarantine.

Manulife says the new “pandemic travel plan” includes places subject to a Level 3 travel advisory, which warns against non-essential travel and which Canada has issued for all countries.

The nation’s largest insurer follows smaller companies in offering medical travel insurance that covers COVID-19, including the Canadian Association of Blue Cross in Ontario and Quebec. Trip interruptions are not covered under Blue Cross plans.

The Manulife plan includes emergency medical coverage up to $200,000 for COVID-19 and related conditions after a positive test result as well as emergency air transport to return home.

It also covers emergency medical expenses up to $5 million for non-coronavirus health issues and covers daily quarantine-related costs of $150 per person or $300 per family for up to two weeks.

This report by The Canadian Press was first published Sept. 16, 2020

Companies in this story: (TSX:MFC)

The Canadian Press