Allianz Global Assistance Canada plans to test a new method for travellers to pay for medical claims while travelling, offered through a partnership with PassportCard, the company has announced.
A first in Canada, the solution will allow for payment of eligible outpatient medical expenses in real-time, eliminating any out-of-pocket expenses for the traveller, and removing the typical claims process and paperwork which travellers are accustomed to.
Customers who purchase a travel insurance plan included in this limited program will receive a payment card for no additional fee to take with them on their trip. If they require emergency medical help while travelling, they call Allianz Global Assistance, which will transfer funds to the card and provide a referral to the nearest medical facility. The traveller can then proceed to the medical facility for treatment where they present the card to pay the bill.
The claim is settled immediately, in real-time, with no out-of-pocket expenses, paperwork or claim process for the traveller.
PassportCard is a real-time claim settling solution available with the purchase of travel insurance policies associated with this program. Associated travel insurance policies are underwritten by CUMIS General Insurance Company, a member of The Co-operators group of companies.
During the limited program launch phase, PassportCard will be offered with select products on a limited basis. Once the limited program has proven successful, Allianz Global Assistance intends to make it available to its distribution partners on a broader scale.