Insurance group Aegon has launched a new specialist insurance provider for the older traveller, Gnu Insurance. It offers a new and unique pay per day cover.
Gnu Insurance provides a tailored and transparent insurance solution to travellers whatever their age. The insurance provider can cover any pre-existing medical condition, many at no extra cost. As well as providing annual multi trip and single trip cover, it has pay per day cover – a made-to-measure product for the older traveller.
Reflecting the reality that health conditions and medical needs change throughout the duration of an annual travel insurance policy, it offers a versatile alternative. One upfront payment gives travellers year-round cover for pre-travel essentials like cancellation and insolvency of travel or accommodation suppliers, in addition to cover for any trip in the UK of two days or more. Then as their travel plans unfold, they can add cover only for those days they are away.
Paul Thilo of Gnu Insurance says, “The older you get, the more difficult it is to buy travel insurance as many mass market travel insurers exclude on the basis of age or pre-existing medical conditions. The reality is that as we age, the desire for travel does not simply diminish; in fact as the market makes it harder to get cover, the need for comprehensive travel insurance increases. As lots of over 50s make the most of their freedom by increasingly travelling to far-flung destinations, we wanted to provide them with a tailored solution for their unique needs.”
On Pay Per Day, underwritten by Axa, with one initial payment and no need to commit to a destination, travellers get the security and reassurance of year round cover with the benefits of a single trip policy. It is particularly useful for people who are likely to go on holiday more than twice a year but with flexibility to make travel plans very quickly to take advantage of special offers. Older travellers can get the right cover at the right time and only pay for what they need.
Gnu Insurance is an innovative travel insurance provider designed with the older traveller in mind, covering travellers with any pre-existing medical condition. It can cover travellers whatever their age.
Pay Per Day means that with one upfront payment, travellers up to 85 years old can have year-round cover for pre-travel essentials like cancellation and end supplier failure, plus cover for any trip in the UK for two days. Then as their travel plans unfold, they can add cover only for those days they’re away meaning they only pay for what they need.