We often get calls from people asking about the Free Travel insurance Discovery offers or from their FNB credit cards, and we get it- its free! However, free travel insurance may not be the answer when you are planning a very expensive trip overseas.
Let’s break it down. Take FNB’s Free Travel Cover, for instance. Sure, it boasts a headline-worthy R5 million cover for medical emergencies. But hold your applause. When you convert that into other currencies, the excitement dwindles faster than a melting ice cream cone on a scorching day.
Consider this: in the United States, where healthcare costs can rival a small fortune, that R5 million dwindles down to a mere $267,207.50. And let’s not forget about Europe, where the euro and the pound also flex their muscles, leaving you with significantly less purchasing power in medical emergencies.
Now, let’s talk about Discovery’s International Travel Benefit. Depending on your medical aid plan, you could be looking at significantly higher coverage. Executive plan members? They enjoy a staggering $1 million (that’s a whopping R18,455,495.00) cover per person, per trip. And even Classic, Essential, Coastal, and Smart Plan members are in for a treat with up to R5 million in coverage per person, per trip.
Here’s the bottom line: Travel insurance isn’t just a luxury; it’s a lifeline. You might not realize its value until you’re faced with an unexpected medical emergency abroad, staring down the barrel of potentially devastating financial costs. So, rather than rolling the dice with “free” insurance that might leave you high and dry when you need it most, why not opt for peace of mind? After all, when it comes to your well-being, it’s better to be safe than sorry.
Clarity Employee Benefits is an authorized Financial Services Provider – FSP No. 51007. We specialize in travel insurance, please do not hesitate to contact us if you are in need of health insurance guidance or advice.
