Prepare for your next trip with travel insurance.
Insurance plays a vital role in protecting your financial wellbeing and providing peace of mind by helping you manage risks. There are different types of insurance to help manage different types of risk.
At Beyond Bank, we want to help our customers make informed decisions about general insurance products.
This guide will help you understand travel insurance.
What is travel insurance?
Travel insurance covers unexpected events that can occur while traveling, such as trip cancellations, lost luggage, medical emergencies, and travel delays.
Why it's important.
Travelling comes with risks, especially when going abroad. The cost of getting medical treatment while travelling overseas can be enormous. Travel insurance helps cover the costs of emergencies and other financial losses during your trip.
Things to consider.
Cover for medical treatment is one of the main benefits of travel insurance, but there may be other options to consider. For example, some countries have reciprocal health care agreements that provide emergency care for Australian residents. You’ll find details on the Services Australia website. You may also have cover provided by a credit card you use to pay for your travel. It’s worth considering separate travel insurance for the other benefits they offer. In any case, check for coverage exclusions for things like pre-existing conditions, cover for high-risk activities and pandemics and epidemics, limits and caps and the reputation of the insurer.
We’re here to help.
If you’re planning to travel, consider Beyond Bank Travel Insurance to provide cover for minor things like a delayed suitcase*, or significant things like an unexpected trip cancellation* or an overseas medical emergency*.
Visit our website, contact your local branch or give us a call on 13 25 85 for more information.
Please read this important information.
* Terms, conditions, exclusions, limits and applicable sub-limits apply. Please refer to the Product Disclosure Statement for full details.
Beyond Bank Australia Ltd, ABN 15 087 651 143, AFSL/Australian Credit Licence 237856 arranges insurance as agent for the insurer Allianz Australia Insurance Limited, ABN 15 000 122 850, AFSL No 234708. Travel Insurance is issued and managed by AWP Australia Pty Ltd ABN 52 097 227 177 AFSL 245631 trading as Allianz Global Assistance (AGA) for the insurer Allianz. Terms, conditions, exclusions, limits and applicable sub-limits apply.
We do not provide any advice on any consideration of your objectives, financial situation or needs. Policy terms, conditions, limits and exclusions apply. Before making a decision, please consider the relevant Product Disclosure Statement available from https://www.beyondbank.com.au/about-us/corporate-governance/disclosures/. The relevant Target Market Determination is available by calling 13 25 85. If you purchase this insurance, we will receive a commission that is a percentage of the premium. Ask us for more details before we provide you with services.