MSIG Caters to the Specific Needs of Students Abroad and the Considerations of Their Parents

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Overseas Study Insurance Provides Comprehensive Protection with Worldwide Emergency Assistance Service and Extensive Study Support

HONG KONG SAR – Media OutReach – 11 July 2022 – MSIG Insurance (Hong Kong) Limited (“MSIG”) launches its Overseas Study Insurance to provide care, support and protection to full-time students learning abroad. The plan takes care of their safety, health and unexpected situations by comprehensively covering financial losses caused by accidents, medical expenses, study interruption and loss of personal belongings. Worldwide emergency assistance services are available to help students navigate unexpected situations, which eases the parents’ worries.

MSIG’s Overseas Study Insurance provides personal accident cover to protect students from injuries including major burns. The plan also takes care of students who unfortunately injure themselves when participating in amateur dangerous sports or activities whilst studying overseas. Ensuring the insured student can receive timely and high-quality medical services, the medical expenses coverage includes both overseas inpatient or outpatient treatment, hospital cash, and includes the cost of any follow up medical treatment in Hong Kong, including Chinese medicine practitioners’ fees.

The plan provides tuition expenses coverage which aims to support the insured student to complete their study as planned. Substantial supports such as education fund and study interruption help to relieve the students and their families’ financial burden in case of any mishaps to their parents. The plan also provides cover for cancellation of studies or school closure in case of the outbreak of unexpected infectious diseases. Both features help them complete their education within their original budget.

MSIG understands the importance of providing a supportive assistance service to students who are away from home. The worldwide emergency assistance services provides a 24-hour assistance hotline to students in need. Under the plan, emergency medical evacuation and repatriation after treatment, the expenses of unexpected return to Hong Kong and compassionate visit are all covered.

Not only the students themselves are covered by the plan, but also their personal baggage and belongings, including laptops, mobile phones or tablets, as these items are essential for their school life. The plan also provides cash benefits or compensation for additional transportation and accommodation costs in case of travel delay, including ancillary leisure trips during study journey.

Philip Kent, Chief Executive Officer of MSIG, said “MSIG supports everyone who is pursuing the goal of a high-quality overseas education. Our Overseas Study Insurance provides the most suitable benefits and services to give overseas students protection and confidence as well as peace of mind for their parents back home in Hong Kong. These students are indeed our future clients and we are dedicated to delivering more well-designed insurance plans to meet their needs. We look forward to better serving and growing with them.”

MSIG Overseas Study Insurance is available for students aged between 6 and 50. Whether it is a younger child going to junior school, an undergraduate attending university or a mature student taking an advanced study course; all of them can learn and enjoy life abroad with MSIG’s protection.

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About MSIG Insurance (Hong Kong) Limited (“MSIG Hong Kong”)

MSIG Hong Kong is a subsidiary of Mitsui Sumitomo Insurance Company, Limited within the MS&AD Insurance Group, Asia’s leading general insurance brand with presence in 50 countries and regions globally. The Group is amongst the world’s top 10 non-life insurance groups based on gross revenue*. It is the number one Japanese insurer with an A+ Stable credit rating. With over 40,000 employees world-wide, MSIG is represented in all ASEAN markets as well as in Australia, New Zealand, Hong Kong, Mainland China, Korea, India and Taiwan.

MSIG Hong Kong offers a wide range of solutions and services through an extensive distribution network including agents, brokers, and bancassurance alliances with leading banks. It has been providing general insurance solutions to customers in Hong Kong for more than 160 years, dating as far back as 1855.

*2021 Fortune Global 500, Property & Casualty Insurance Category