Sovereign Trust Insurance Plc has recently added a new product known as Medical Travel Insurance product to the numerous line of products and services under its stable.

This, according to the company, is part of its commitment to provide insurance services and products across all sectors of the Nigerian economy in the Non-Life and General Insurance Business.

The company is working in collaboration with a London-based underwriting firm to ensure that travelers in Nigeria, either for business or pleasure outside the shores of the country, get adequate Medical Travel Insurance Cover whenever they have to embark on such journeys.

The Medical Travel Insurance, according to the company, is designed to provide cover for an intending traveler for a period of time, while the traveler is away from his/her home or business to a foreign country.

For most European and Asian countries, the Medical Travel Insurance has become one of the vital requirements on the issue of visas to Nigerians traveling on business and vacation to these countries.

 The applicability of the policy is dependent on the extent of cover that the intending traveler may want which is clearly spelt out in the various sections of the Insurance Certificate that is issued to the intending traveler.

According to the Divisional Head, Technical, Mr. Tajudeen Rufai, “the need to include the Medical Travel Insurance to the list of products under the stable of the company cannot be overemphasized at this point in time.

“We have carefully studied and watched the growing demand for this particular product before accepting to underwrite it. Management wanted to be sure of the kind of collaboration that will benefit and add value to the class of the insuring public that the product will address before launching out.

“Our choice of partnership with one of the foremost insurance companies in the United Kingdom is to ensure that our customers get real value and service for their money whenever they go to any of the company’s branches nationwide.”