TIR 360 TIR Digital Magazine

TIR on Twitter
Club Travel


Date published 11.09.2017

BIDVEST Insurance has discontinued its travel insurance products, effective September 8. All policies sold prior to last week’s cut-off date will be honoured but the company said no new sales would be made.

The company said the move was mainly as a result of changes to legislation and, in a notice of withdrawal to trade partners said: “Alongside being offered by travel agents, travel insurance is now often provided as an embedded benefit in a bank card or medical aid. this has requirements and certain conditions for the way travel insurance should be sold. As a result, and to ensure compliance with legislation, the demand on travel agents has increased tremendously.”

• See the upcoming October issue of TIR for the full story and for more updates from the Forex & Insurance sector, available at www.tir.co.za from the 1st.

<< Back to current enews | << Back to archive

Read the full editions of TIR
© Copyright 2018, TIR Southern Africa and Galileo Southern Africa, All rights reserved.