Hyundai Marine & Fire Insurance has launched an index-type flight delay coverage rider for its direct overseas travel insurance, designed to simplify claims for travelers departing from Korea.
The new rider provides a fixed benefit of 40,000 to 100,000 won, depending on the delay length, for international flights delayed by two hours or more, or canceled. Unlike previous policies requiring receipts for expenses such as food or airport services, this rider allows travelers to claim benefits easily using just their e-ticket.
Policyholders can register their flight via notification messages from Hyundai Marine & Fire Insurance and receive updates and claim guidance directly through the same system.
In addition to flight delays, the company’s travel insurance covers medical expenses, damage or theft of personal items, and passport reissuance costs. Customers can select plans ranging from value to premium, with premiums averaging 59% lower than offline options. Families or groups of up to 20 people can enroll together, receiving an additional 10% discount.
The insurance also offers 24/7 Korean-language assistance, providing support for medical emergencies or other travel-related issues abroad.
A Hyundai Marine & Fire Insurance official commented, “This rider was launched to conveniently cover unexpected flight delay losses at the start of an overseas trip.”
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