How to Cancel a Travel Insurance Policy Due to Corona ~ Akademi Asuransi

A number of international flights since January 2020 have been disrupted due to the outbreak of the corona virus or Covid-19. As a result, passengers have to bear the risks that arise, starting from the cancellation of the meeting to the delay of the arranged schedule.

A travel insurance policy is one of the non-cancellable policies for most insurance companies. Not only because the insurance period is short, the premium is also relatively small.

As a result of this corona, several insurance companies provide special policies regarding the cancellation of insurance policies. The following are some of the conditions:

Before effective date
Cancellation of your Policy must be made before the effective date of the Policy. The effective date of the policy is usually the date of departure. You cannot cancel an active policy because the travel insurance benefits are already running and the risks guaranteed in your policy have been covered.

Never claimed
There are no claims for trip cancellation benefits. For Multiple (Annual) Travel policies, the premium will be returned on a percentage basis if there is no submission or reporting of claims during the applicable coverage period. The table of percentage return of premiums is as follows:

Policy Cancellation	% Return
No More Than 2 Months	60%
No More Than 3 Months	50%
No More Than 4 Months	40%
No More Than 5 Months	30%
No More Than 6 Months	25%
More Than 6 Months	0%