SOURCE: Allianz Global Assistance USA

Allianz Global Assistance USA

October 11, 2013 10:59 ET

Allianz Global Assistance Launches New and Enhanced Products for Travel Agent Channel

RICHMOND, VA --(Marketwired - October 11, 2013) - Allianz Global Assistance, one of the largest travel insurance and assistance providers in the U.S., today announced that it has launched a new portfolio of Allianz Travel Insurance core retail plans sold by travel agents. The company's popular "Classic Plan" is now a family of plans that include optional additional coverage to better fit the needs of travelers. The company is also introducing an inexpensive "Essential Plan" for travelers who do not require post departure benefits such as medical and baggage protection. 

"As the country's leading travel insurance provider, we pay close attention to trends in leisure travel and we are continually innovating to meet the changing needs of today's traveler," said Brad Gray, director of retail channel management for Allianz Global Assistance USA. "This new portfolio provides travel agents with the simplest and most competitive line of products that we have ever offered."

The new core retail lineup includes these plans:

Essential

Basic

Classic (base plan)

Classic with optional Required to Work enhancement

Classic with Trip+

Classic with Cancel Anytime

The company's "Classic" family of plans now includes a base plan as well as optional benefit enhancements such as Required to Work, which provides coverage for specific work obligations; and Trip+, which has double the coverage limits compared to the base plan, for benefits that include missed connections, emergency medical and dental, emergency medical transportation, baggage loss/damage and baggage delay. "Classic with Cancel Anytime," provides 100% cash back when trips are canceled or interrupted due to a covered reason, and 80% cash back for most other unforeseen reasons. On all Classic plans, kids 17 and under can be added for no additional cost when traveling with parents or grandparents. The company's former "Deluxe" product has been retired, but many of that product's benefits can now be found in Classic with Trip Plus.

"Agents told us to make selling travel insurance simpler, which is why we're so excited about the entire Classic family of products," said Gray. "They only need to learn one product -- Classic -- and then add coverage options. Classic with Trip+ solves an age-old conundrum for agents who sold international trips to families: Do they offer the value of kids being added at no additional cost or do they offer a product with more coverage? Classic with Trip+ solves this problem by including higher coverage limits while still insuring kids 17 and under at no additional cost when traveling with their parents or grandparents."

The new Essential Plan offers a cost-effective insurance option for agents who sell domestic air trips to their clients who already have domestic health insurance. It was designed for people who need some cancellation coverage and existing medical conditions coverage to protect their domestic air investments. As with all Allianz Travel Insurance products, the Essential Plan doesn't have any non-commissionable processing fees which means agents get credit for 100% of their customer's purchase.

* - Not all situations are covered. Nothing in the above should be interpreted to suggest that any other particular situation would be covered. Terms, conditions, limitations and exclusions apply to all plans and benefits described herein. For a complete description of the coverage, carefully review the terms and conditions of the certificate of insurance. Insurance coverage is underwritten by BCS Insurance Company (OH, Administrative Office: Oakbrook Terrace, Ill), rated "A-"(Excellent) by A.M. Best Co., under BCS Form No. 52.201 series or 52.401 series, or Jefferson Insurance Company (NY, Administrative Office: Richmond, VA), rated "A" (Excellent) by A.M. Best Co., under Jefferson Form No. 102-C series or 102-P series, or Jefferson Form No. 105-C series or 105-P series, depending on the insured's state. Allianz Global Assistance and Allianz Travel Insurance are brands of AGA Service Company. AGA Service Company is the licensed producer and administrator of this plan and an affiliate of Jefferson Insurance Company. The insured shall not receive any special benefit or advantage because of the affiliation between AGA Service Company and Jefferson Insurance Company.

Allianz Global Assistance USA

Allianz Global Assistance USA (AGA Service Company) is a leading consumer specialty insurance and assistance company. We insure 13 million customers annually and are best known for our Allianz Travel Insurance plans.

In addition to travel insurance, Allianz Global Assistance USA offers event ticket protection, registration protection for endurance events and unique travel assistance services such as international medical assistance and concierge services. The company also serves as an outsource provider for in-bound call center services and claims administration for health insurers, property and casualty insurers, and credit card companies.

For more information about Allianz Global Assistance USA, please visit allianzassistance.com. To learn more about Allianz Travel Insurance plans, please visit allianztravelinsurance.com or Like us on Facebook at Facebook.com/AllianzTravelInsuranceUS.

Allianz Global Assistance

How can we help?

Allianz Global Assistance is an international leader in assistance, travel insurance and health, life & home care services, with operation centers in 34 countries. The company has more than 12,000 employees who speak 40 different languages and work throughout the world with a network of 400,000 service providers and 118 correspondents covering 150 countries.

Allianz

Allianz is the 25th largest company in the world (Forbes Global 2012) and 63rd most valuable global brand (Interbrand, 2013). Allianz has 144,000 employees worldwide and 78 million customers in more than 70 countries. In 2012, Allianz had over 106.3 billion euros in revenue and over 1.4 billion euros under management. In addition to Allianz Global Assistance, Allianz brands in the US include:

Allianz Life

Allianz Global Investors

PIMCO

Fireman's Fund

Euler Hermes

Allianz Global Corporate & Specialty

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