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TORONTO, September 16 (Reuters) – Canadian insurer Manulife Financial Group will repair some policies for coronavirus-related outages in a new insurance policy that also includes COVID-19 in its emergency medical policy.
The policy will be presented in October for Canadians working at home and abroad, adding the issue of countries to a Level 3 notice, Canada’s largest life and insurance company announced Wednesday.
Canada has a Level 3 Notice, which recommends avoiding the non-essential for all countries.
Manulife, along with some other insurers, said in March that they would avoid covering pandemic-related cancellations or interruptions because the disease was thought to be a “known event. “
Manulife joins smaller competitors, adding Medipac Travel Insurance and Ontario and Quebec Blue Cross Association plans, which began providing health insurance, adding the COVID-19 policy in July.
Manulife’s insurance policy has a non-COVID-19 emergency medical policy limit of C$5 million ($3. 8 million) and a COVID-19 COVID-19 policy limit of C$200,000.
It will also cover 40s of C$150 depending on the user or C$300 depending on the circle of relatives for up to 14 days, Manulife said.
If a Level 3 account goes to level 4, Manulife said it would pay C$500 combined depending on the user per round trip flight, food and accommodation.
($1 – $1,3184 Canadian dollars) (Information through Nichola Saminather; Editing via Sam Holmes)