Travel Insurance Cover
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Travel Insurance Cover COMBINED FINANCIAL SERVICES GUIDE AND PRODUCT DISCLOSURE STATEMENT (INCLUDING POLICY WORDING) i CONTENTS PART 1 - PRODUCT DISCLOSURE STATEMENT PART 1 - PRODUCT DISCLOSURE STATEMENT ......1 ABOUT THIS PRODUCT DISCLOSURE STATEMENT A Product Disclosure Statement is a document required by the OUR DEFINITIONS ............................................................. 2 Corporations Act 2001 (Cth) and contains information designed to help you decide whether to buy this product and to compare it with other products you may be considering. PURCHASING THIS PRODUCT .........................................5 This PDS sets out the cover available and the terms and conditions which apply. Please note that any recommendations or opinions TABLE OF BENEFITS .........................................................7 in this document are of a general nature only and do not take into account your objectives, financial situation or needs. Before you make any decisions about the product, you should read this PDS ADDITIONAL OPTIONS ......................................................9 carefully to ensure that it is suitable for you. This PDS, together with the Certificate of Insurance and any PRE-EXISTING MEDICAL CONDITIONS .......................... 11 written document we tell you forms part of your policy, make up your contract with Allianz. Please retain these documents in a safe place. IMPORTANT MATTERS .................................................... 12 UNDERSTANDING THIS PRODUCT AND ITS IMPORTANT TERMS AND CONDITIONS GENERAL EXCLUSIONS ................................................ 14 To properly understand this product’s significant features, benefits, limits, conditions and exclusions you need to carefully read: YOUR POLICY COVER ................................................... 17 • PURCHASING THIS PRODUCT – this contains important information on who can purchase this product, age limits and cover types available to you; on applicable excesses, CLAIMS ........................................................................... 27 the period of cover and when cover may be amended or extended; • About the cover, and limits on the amount we will pay, that PART 2 - FINANCIAL SERVICES GUIDE ................ 28 applies to each plan in the TABLE OF BENEFITS, when we will pay a claim under each section applicable to the cover you choose (YOUR POLICY COVER), any options purchased by you under ADDITIONAL OPTIONS and PRE-EXISTING MEDICAL CONDITIONS (remember, certain words have defined meanings – see OUR DEFINITIONS); • IMPORTANT MATTERS - this contains important information on your duty of disclosure (including how the duty applies to you and what happens if you breach the duty), our privacy notice and dispute resolution process, the Financial Claims Scheme, when you can choose your own doctor, when you should contact Allianz Global Assistance concerning 24 hour medical assistance, overseas hospitalisation or medical evacuation, and more; • When we will not pay a claim under each section applicable to the cover you choose (YOUR POLICY COVER) and GENERAL EXCLUSIONS APPLICABLE TO ALL SECTIONS; and • CLAIMS - this sets out important information about how we will consider claims. It also sets out certain obligations that you and we have. If you do not meet them we may refuse to pay, or reduce the amount we will pay in relation to, a claim. APPLYING FOR COVER When you apply for your policy, we will confirm with you things such as the period of cover, your premium, what cover options and excesses will apply, and whether any standard terms are to be varied. These details will be recorded on the Certificate of Insurance issued to you. If we are unable to offer you the cover you seek, it will be because the particular product offered is not designed to cover a particular risk or risks including, but not limited to, some geographical regions, some pre-existing medical conditions or some ages. In such a case, if you would like to discuss your options please use the contact details on the back cover of this PDS. 1 This PDS sets out the cover which is available. You need to decide OUR DEFINITIONS if the benefit limits, type and level of cover are appropriate for you and will cover your potential loss. If you have any queries, want further information about this product or want to confirm a Headings, where appearing, are for reference only and do not transaction, please use the contact details on the back cover of affect interpretation. this PDS. When the following words and phrases appear in bold type in this PDS, your Certificate of Insurance or any other document we tell ABOUT YOUR PREMIUM you forms part of your policy, they have the meanings given below. You will be told the premium payable for your policy when you The use of the singular shall also include the use of the plural and apply. In calculating the premium, we take into account a number of vice versa. factors including your destination(s), length of journey, the number Accident, accidental, accidentally of persons and age of persons to be covered under the policy and means an unexpected event caused by something external the plan type you select. The amount of any excess payable, cover and visible. for additional options and cover for agreed pre-existing medical conditions is also included in the calculation of your premium. Accompanying means travelling with the insured person for 100% of the journey. Your total premium reflects the amount we calculate to cover these factors as well as any relevant government charges, taxes or levies AICD/ICD (such as stamp duty or GST) in relation to your policy. These means an implantable cardioverter-defibrillator (ICD), also known as amounts are included in the total amount payable by you as shown an automated implantable cardioverter-defibrillator (AICD). in your Certificate of Insurance. Allianz COOLING-OFF PERIOD means Allianz Australia Insurance Limited ABN 15 000 122 850, AFSL 234708. Even after you have purchased your policy, you have cooling-off Allianz Global Assistance rights. means AWP Australia Pty Ltd ABN 52 097 227 177, AFSL 245631. If you decide that you do not want your policy, you may cancel it Appropriate supervision within 14 days after you are issued your Certificate of Insurance. means under the supervision of a person who possesses the You will be given a full refund of the premium you paid, provided necessary skills, qualifications and licensing appropriate for the you have not started your journey or you do not want to make a supervision of the activity being undertaken. claim or to exercise any other right under your policy. Bicycle After this period you can still cancel your policy but we will not means any bicycle, tricycle, tandem, trailer cycle or push scooter refund any part of your premium if you do. that is powered by human pedalling or and/or a battery. WHO IS THE INSURER? Business samples means demonstration goods or examples of goods sold by you or This product is underwritten by Allianz Australia Insurance Limited your company. ABN 15 000 122 850 AFS Licence No. 234708, of 2 Market Street, Sydney 2000, telephone 132 664. Carrier means an aircraft, vehicle, train, tram, vessel or other scheduled WHO IS ALLIANZ GLOBAL ASSISTANCE? transport operated under a licence for the purpose of transporting passengers. However, it does not mean a taxi, limousine or Allianz Global Assistance is a trading name of AWP Australia Pty similar service. Ltd ABN 52 097 227 177 AFS Licence No. 245631, of Level 16, 310 Ann Street, Brisbane, QLD 4000, Telephone (07) 3305 7000. Certificate of Insurance Allianz Global Assistance has been authorised by Allianz to enter is the document we give you which confirms that we have issued a into the policy and deal with and settle any claims under it, as the policy to you and sets out details of your cover. agent of Allianz, not as your agent. Allianz Global Assistance Chronic acts under a binder which means that it can do these things as if it means a persistent and lasting condition. It may have a pattern of were the insurer. It administers all emergency assistance services relapse and remission. and benefits of this insurance. You may contact Allianz Global Assistance in an emergency 24 hours a day, 7 days a week. Concealed storage compartment means a boot, trunk, glove box, enclosed centre console, or UPDATING THE PDS concealed cargo area of a motor vehicle. We may need to update this PDS from time to time if certain Cruise vessel changes occur where required and permitted by law. We will means a boat or ship on which travel is taken for pleasure or as a issue you with a new PDS or a supplementary PDS to update the holiday as a paying passenger, for a minimum of 3 nights in duration. relevant information except in limited cases. Date of issue Where the information is not to correct a misleading or deceptive means the date and time of issue on your Certificate of Insurance. statement or an omission that is materially adverse, from the point of view of a reasonable person considering whether to buy this Dependant product, Allianz Global Assistance may provide the updated means your children or grandchildren accompanying you on the information on their website. You can also get a paper copy of the journey who are not in full-time employment and who are aged 24 updated information free of charge by calling the contact number years or under at the time of issue of your Certificate of Insurance. shown on the back cover of this PDS. Duo means you and your travelling companion as named on the PREPARATION DATE Certificate of Insurance but does not include dependants. The preparation date of this PDS is 13 February 2019. 2 Epidemic Luggage and personal effects means a sudden development and rapid spreading of a contagious means your suitcases, trunks and similar containers including their disease in a region where it developed in an endemic state or within contents and articles worn or carried by you. It does not mean or a previously unscathed community.