By Patience Saghana
In its determination to make the best use of the global financial crisis, Goldlink Insurance Plc is workingÂ in partnership with Schengen countries on Travel and Tours Insurance, a new product which the company launch alongside three other products.
All the Schengen countries including France, Germany, Iceland, Luxemburg, Italy, Holland, Belgium, Sweden, Denmark, Greece, Finland, Norway, Spain, Portugal and Austria are the territorial limit for the policy, but it can be extended to other countries that are to join the Schengen states shortly
Mr Femi Okuniyi, Managing Director of the company at the Products launch in Lagos last weekend, explained that its clients could have their claims paid in any Schengen countries without stress.
The other three products released into the market by the company include Schools Safety Policy; Goldlink Annuity Plan (GAP) andÂ Auto Insurance.
Okuniyi stated, â€œGoldlink Travel and Tours Insurance is a new insurance policy which provides the widest ever in the market. The product, he said,Â satisfies the strict and conditions for issuance of visas to any of the Schengen countries.
It provides for medical expenses assistance for treatment received by any policyholder travelling to any of the Schengen countries. It also provides for international SOS Service Programme to cover medical evacuation and repatriationâ€.
He explained further, â€œThe policy is for travelers to all the Schengen and other countries in Europe for individual, families, sportsmen and women, tourists, schools, clubs, societies association and employees of corporate bodies. â€.
The scope of cover and purpose of the Schools Safety Policy include provision of indemnity for: Automobile, like school buses and cars; Group Personal Accident cover for proprietors, pupils and teachers on 24 hours, All risks insurance cover on electronic equipment, accessories, fixtures, fittings and facilities used as teaching aids; and premises risk, covering building against fire, burglary and or liability to third party.
For the Hospitality Plus Insurance, Goldlink Insurance boss elucidated, cover provides indemnity to the hotel or hospitality proprietor in respect of loss or damage to guest property and other visitors while in the premises. loss or damage to guest personal effects limit of N50,000.
Financial aid for proprietor and employee as result of death and injury sustained from accident whether at work or away from work. The policy covers proprietorâ€™s vehicles while on the road and within the premises.
This Hospitality Plus Insurance has the exemption of accessories of motor vehicles, livestock and property of servants. It exempts also deeds like bonds, bills of exchange, promissory notes, cheques, and security of money, stamps, documents of any kind, manuscript, medals and coins unless specially insured by a separate item.
He clarified that loss due to war or kindred risks, or due to nuclear risk, revolution insurrection or military or usurped power; loss or damage due to confiscation, commandeering, requisition or destruction by any public authority; loss due to errors or omission of employees; death or illness or injury through the consumption of food or beverages like food poisoning risk; loss or damage to property which is leased, let, rented, hired or lent to the insured or which is in any other way the subject of a bailment to the insured; loss or damage to any underground pipes cables mains or sewers or any claims arising in consequence of such loss or damage.
â€The exemption include any liability arising directly through hoist, cranes, lift, elevators stem boilers or toil berthing. Damage to any building structure or land caused by vibration or by any removal or weakening of support of such land property or building; defective design or defect in any goods or the containers of any such goods, which have been supplied to the insuredâ€.