Review of Policy Terms

ASIC has called on general insurers to review their insurance policies to ensure that they are transparent and do not contain unfair terms. Recently, ASIC notified us of some concerns about whether our cover for existing medical conditions was sufficiently clear to our customers and consistent with our customers' understanding of their cover. We take our responsibilities seriously and have undertaken a review of our travel insurance policies to identify areas where we can increase customer awareness and understanding of the cover we provide.

We have made enhancements to make our policy clearer in describing the cover that we provide for existing medical conditions. We encourage you to read the 'Existing Medical Conditions' section of our Product Disclosure Statement and to ask us any questions you may have if you are unclear about whether a medical condition will be covered during your travel.

Tokio Marine Management (Australasia) Pty Ltd (ABN 69 001 488 455) is the provider of World2Cover Insurance, as an authorised representative (AR 1313066) of the product’s issuer, Tokio Marine & Nichido Fire Insurance Co., Ltd. (ABN 80 000 438 291 AFSL 246 548). Any advice set out above is general in nature only, and does not take into account your objectives, financial situation or needs. Before purchasing any travel products, we recommend reviewing the World2Cover Product Disclosure Statement (PDS) and the Target Market Determinations (TMDs) that apply to these products. Please read the World2Cover Combined Financial Services Guide and Product Disclosure Statement for full details of terms and conditions, limits (including sub-limits) and exclusions apply to each of our policies and the different benefits. TMDs outline the intended class of customers that comprise the target market for these travel products, including key attributes of the insurance cover and eligibility criteria. A TMD does not replace the terms and conditions, nor the disclosures make, in a PDS so you should read the applicable PDS carefully and contact us if you have any queries. A copy of our PDS, Supplementary PDS and TMD's for each travel product can be found in here.

Review of Policy Terms