Cornerstone Insurance Insight: Understanding benefits of travel insurance

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Cornerstone Insurance Plc is strengthening its position as one of Nigeria’s leading insurers with its innovative Travel Safeguard Policy, designed to provide passengers with greater confidence, safety, and financial protection while travelling within the country.

The Travel Safeguard Policy is tailored specifically for road and air passengers across Nigeria, reflecting Cornerstone Insurance’s continued commitment to customer-centric solutions that address real-life travel risks. The policy ensures that travellers and their loved ones are financially protected in the event of unforeseen incidents during transit.

According to Mr. Stephen Alangbo, Managing Director/Chief Executive Officer of Cornerstone Insurance Plc, the policy offers comprehensive protection and compensation benefits for passengers.

He explained that the cover provides financial compensation to passengers or their next of kin in cases of accidental injury, medical expenses, or loss of checked-in baggage. In more severe circumstances, the policy also extends support to families in the event of accidental death, including assistance with the transportation of mortal remains.

Coverage begins once a passenger boards a vehicle or aircraft in the point of departure and remains valid until arrival and disembarkation at the destination, ensuring protection throughout the entire journey.

To meet different customer needs, the Travel Safeguard Policy is available in multiple tiers. For road travel, customers can choose from Essential, Gold, and Platinum plans. Air travellers have additional flexibility with Compact, Essential, Gold, and Platinum options. The policy can be purchased for single trips, return journeys, or annual multiple trips, and is available for both individuals and groups.

Key benefits of the policy include:
Compensation for accidental medical expenses
Coverage for loss or theft of checked-in baggage
Financial support to next of kin in the event of accidental death
Assistance with transportation of mortal remains following fatal accidents

Customers can access the policy through any Cornerstone Insurance branch nationwide, via phone at 07086216957, or online through the company’s official portal Cornerstone Insurance Plc⁠�. The online application process is simple, allowing users to complete a form and make secure payments via debit card or bank transfer.