As part of nib’s commitment to continuously improving our travel insurance products to better meet the evolving needs of travellers, we’re thrilled to announce a significant enhancement to our cancellation limits, providing more flexibility and tailored coverage options.
What's New
Additional Cancellation Limits
To better cater to the diverse travel preferences of today’s travellers, we’re introducing two new cancellation limit options for our Comprehensive Travel product.
In addition to the existing choices, you will now have the flexibility to select cancellation limits of:
- Policy with one traveller - $2,500 or $3,500
- Policy with two travellers - $5,000
Why the change?
By introducing these new options, we aim to empower you to provide cost-effective coverage that aligns with needs of travellers, ensuring they pay only for the protection they require.
We identified changing trends and demands in the travel market, including ‘close to home’ cruising (Australian Waters, NZ, and South Pacific), as well as more budget focussed holiday destinations such as Bali, Thailand, Fiji, and New Zealand which may not always require a higher cancellation limit.
Effective Date
15th March 2024