Swiss insurance company Chubb has launched a new version of its Business Travel Smart Insurance in Hong Kong to enable companies offer relevant coverage for business travel for their employees.
The enhanced Business Travel Smart Insurance is accompanied by Chubb Travel Smart, which is a mobile application and an online dashboard, for risk management.
Among the enhancements are the waiver of the age limit for policy issuance and renewal, inclusion of cover for travel delays due to reasons beyond the airline’s control. There is also coverage for hairline fractures resulting from accidents in the improved version of the travel insurance plan.
For expecting mothers, Chubb has extended the cover for its Business Travel Smart Insurance to up to pre-32nd week. The company has also extended 100% unused medical limit for follow-up treatments for 12 months.
Business travelers can avail medical and travel information through the mobile app, which also gives alerts to notify them of major incidents occurring in their destinations. This will help the travelers plan their route better in order to stay away from travel mishaps.
According to Chubb, the online dashboard allows risk, HR and security managers to locate and dispatch messages and alerts to business travelers across any part of the world. The Swiss insurance company claims that employees can confidently travel owing to access to medical advice to go along with round-the-clock emergency assistance.
Chubb Hong Kong general insurance business country president Stanley Wong said: “Our Enhanced Business Travel Smart Insurance is well suited to meet the risk mitigation requirements of growing companies where employees are required to travel near and far.
“The product enhancements and mobile app bear testament to our agility in responding to the changing needs in business travel and an increasingly mobile workforce.”
Essentially, a property and casualty insurance company, Chubb, which operates across 54 countries and territories, also offers personal accident and supplemental health insurance along with reinsurance and life insurance.
Earlier this week, the Swiss insurer launched a supplementary insurance plan in Malaysia that covers drivers against untoward events at the time of providing e-hailing services. Chubb’s newly launched insurance plan will be targeting more than 200,000 active drivers, who provide e-hailing services in Malaysia.