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Travel Accident Insurance

Eligibility

VISA credit card cardholders, their spouses and dependant children under 23 years of age, will be automatically covered worldwide against accidental bodily injuries, which are the sole cause of loss of life or dismemberment while traveling, boarding or descending from an aircraft operated by a scheduled airline registered with the OAG (Official Airline Guide) on a regularly scheduled flight, or a maritime or land conveyance operated by a licensed common carrier duly authorized to transport passengers, provided the full travel fare has been paid with the cardholder’s valid VISA credit card.

The cardholder is also entitled to this coverage when using a means of transportation, such as bus, authorized to transport passengers from the commercial carrier’s plane, if this is included in the ticket price or if the airport provides that type of transportation within its facilities.
This insurance is provided at no additional charge to VISA credit card cardholders. 

Coverage

If body injuries cause death or mutilation, including loss of sight, speech and hearing, benefits will be paid as described below:

 

VISA Tertiary/ Classic

VISA Gold VISA Platinum

 

VISA Signature

 

Accidental death

US$75,000

US$250,000

US$500,000

 

US$1,000,000

 

Loss of both hands or feet, or sight from both eyes, or speech and hearing, or one hand and one foot, or one hand or one foot and the sight from one eye

US$75,000

US$250,000

US$500,000

 

US$1,000,000

 

Accidental loss of one hand or one foot, or the sight from one eye, or speech hearing

US$37,500

US$125,000

US$250,000

 

US$500,000

 

Accidental loss of thumb and index finger

US$18,750

US$62,500

US$125,000

 

US$250,000

 


If the Insured has multiple losses as the result of one accident, the Company will pay the single largest benefit amount applicable. The death benefit will be paid to the beneficiary designated by the Insured, or if there is no such designation, to the first surviving beneficiary scheduled on the policy, as follows:

Spouse, or, if none,

  • Children, in equal shares, or, if none,
  • Parents, in equal shares, or, if none,
  • Siblings, in equal shares, or, if none,
  • Executor or administrator appointed by local courts

For losses resulting from the Insured person being unavoidably exposed to the elements due to an accident, the benefits will be payable as if resulting from an Injury. Loss must occur within 365 days of the accident.

The Company will pay the benefit for loss of life if the body of an Insured Person cannot be located within one year after the forced landing, stranding, sinking or wrecking of a conveyance in which such person was a passenger, then it shall have suffered loss of life within the meaning of the policy

** In the event of several deaths associated with the same Visa account in a single accident, the insurance company liability will be limited to a maximum coverage equivalent to the death benefit multiplied by two. Benefits will be paid to the beneficiary at pro rata up to the coverage maximum limit.

This insurance does not cover losses caused by:

  1. Insured emotional trauma, mental or physical illness, pregnancy, childbirth or abortion, bacterial or viral infection (except for bacterial infection caused by the accident or by the accidental consumption of a bacteria-contaminated substance, or any physiological dysfunction;
  2. Suicide, suicide attempt or self-inflicted wounds;
  3. War, whether declared or not. War does not include guerilla acts;
  4. Wounds suffered by the insured while traveling in a taxi, or getting in or out of it.

The full coverage described herein is subject to changes or cancellation without prior notice. This coverage became effective on July 1st, 1997 and will expire on the date the Master Policy No. PA009-00155 is cancelled.

The insurance complete terms are outlined in the Master Policy filed with Visa International, Latin America and Caribbean Region, in Miami, Florida, U.S.A. In the event of discrepancies between any statement in this coverage description and the policy terms, the policy will prevail. The plan has been insured by New Hampshire Insurance Company, a company member of American International Group, 70 Pine Street, New York, NY 10005.

 

 

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