Hyundai Marine & Fire Insurance said on the 15th that it has newly launched an index-type departure flight delay coverage rider for its direct overseas travel insurance product.
The index-type departure flight delay coverage rider pays a fixed benefit ranging from a minimum of 40,000 won to a maximum of 100,000 won, proportional to the delay time, when an international flight departing from Korea is delayed by 2 hours or more or is canceled.
The previous product required the inconvenience of submitting receipts for actual expenditure (food and beverage and convenience facilities in the airport) as supporting documents when a flight was delayed, but the index-type rider allows customers to receive the insurance benefit easily with just the e-ticket.
Customers who enroll in the rider can simply register their flight via the notification message sent by Hyundai Marine & Fire Insurance and receive guidance on the delay notice and the insurance claim through the same notification.
In addition to delay coverage, Hyundai Marine & Fire Insurance's direct overseas travel insurance covers medical expenses during overseas travel, damage or theft of personal effects, and passport reissuance expense, and customers can freely choose from value to premium plans at premiums that are on average 59% lower than offline. In addition, when enrolling with family or friends, an extra 10% discount applies, and up to 20 people, including the policyholder, can enroll at once.
It also provides the "Korean-language assistance service," which offers 24/7 consultation in Korean if a medical emergency occurs overseas or travel-related help is needed.
A Hyundai Marine & Fire Insurance official said, "This rider was launched to conveniently cover unexpected flight delay losses at the starting point of an overseas trip."