Allianz Insurance and HSBC Sri Lanka partner to offer world-class insurance products to HSBC Premier customers

Colombo, July 06th, 2021: Allianz Insurance Limited (Allianz Lanka) has entered into an agreement with HSBC Sri Lanka to offer the bank’s affluent customers two world-class insurance products with flexible 0% installment plans, namely Global Health Medical Insurance that provides high quality healthcare services worldwide, and Student Companion to provide insurance solutions for students travelling overseas for education. These new offerings are part of a 10-year exclusive bancassurance distribution agreement signed between the Allianz Group and HSBC covering key markets in Asia such as Australia, China, Indonesia, Malaysia, Taiwan and Sri Lanka.

In recent times, increases in the cost of living and unexpected medical expenses due to the pandemic, have put pressure on many customers and their families. Due to these uncertainties, customers are looking for the assurance of a safety net, which protects their loved ones, both locally and overseas. Value added services such as international family care support with access to advice from overseas doctors/international care specialists have proven to be even more valuable today for customers. 

The ‘Global Health Medical Insurance’ cover allows HSBC’s Premier customers to enjoy world-class health care with an exclusive cover ranging from US$ 800,000 to US$ 1,500,000 at a special annual premium from Allianz Insurance.

Due to the ongoing pandemic, HSBC Premier customers are covered for unexpected medical emergencies, including all necessary medical, surgical treatment and services required on the order of a physician for COVID-19 related treatment when admitted as a registered in-patient to a hospital or quarantine centers.

When traveling overseas, HSBC Premier customers are covered for hospitalization for elective treatments, medical evacuation and repatriation. Kidney dialysis, cancer treatment and more are also included, however subject to the terms and conditions of the policy. This facility is offered with 24/7 assistance and allows direct claim settlement at the Hospital.

With the pandemic still being prevalent in many countries, parents are faced with much anxiety about their children’s future, especially expenses and insurance needs when sending their children overseas on higher education. The exclusive travel insurance plan namely ‘Student Companion’, gives parents the peace of mind that their children are protected and can stay on track to follow their dreams and achieve their goals while overseas. HSBC Premier customers can opt for a Student Companion travel insurance plan ranging from US$ 50,000 to US$ 200,000 at a special annual premium offered by Allianz Insurance. Students are covered for hospitalization, loss of baggage and passport, expenses for accident to sponsor, expenses for family visit and other incidental expenses, tuition fees in the event of hospitalization, emergency dental pain relief due to accident, with quick disbursement of claims. Pre-Trip Information Services Embassy referrals, 24-hour Medical Assistance Services, weather and exchange rate information assistance, emergency message transmission assistance, arrangement of hotel accommodation in case of an emergency and Interpreter referral, are also among the services offered.

HSBC Premier customers can enjoy the flexibility of paying their annual insurance premiums with 0% interest on installments of Rs. 30,000 and above made upfront at the Allianz Lanka Head Office and Allianz Customer Care Centre - Borella. Customers residing outside Colombo, can avail the same when they purchase policies from Allianz Lanka branch offices, using the payment link that will be emailed to them by the insurer. This is part of Allianz Lanka and HSBC Sri Lanka’s ongoing efforts to extend the convenience and security of online payments to more people around the country.