Complete Guide to HSBC Complimentary Credit Card Insurance
Could you be covered by HSBC’s complimentary travel insurance for credit card customers? Compare the terms and conditions and find out here.
Since August 2015, HSBC credit card insurance has been offered in conjunction with Allianz Group Australia (AGA). Before this change, it was underwritten by Zurich.
To save you from wading through the updated terms and conditions, we have outlined the most important points about HSBC credit card complimentary international travel insurance here. Find out the eligibility requirements, what is and isn’t covered and how you can make a claim below.
What are the eligibility requirements?
- Eligibility. To be eligible for the cover, you must pay for at least 90% of your overseas return travel ticket with your HSBC card.
- Activation. The cover is automatically provided when you meet the eligibility requirements and there’s no need to tell Allianz or HSBC about your travel plans to activate it.
- Pre-existing medical conditions. There is no cover for pre-existing medical conditions. You can apply to have your pre-existing medical conditions insured by calling Allianz directly on 1800 648 093.
How do I know if I’m covered and what I’m covered for?
HSBC Platinum credit cards provide complimentary international travel insurance for up to four months from the date of your departure from Australia. Your spouse and dependant children are also covered when you purchase 90% of their international travel ticket using your HSBC account.
Only the primary cardholder can claim the benefits listed specifically for the “cardholder”, while a spouse or dependant must claim benefits listed under the cardholder’s “spouse or dependants” benefits section of this insurance policy. Your spouse and dependant children must also travel with you for the length of your journey to be eligible for HSBC credit card insurance benefits.
How do I make a claim?
Documents to take with you
You will need to provide these documents if you want to make a claim:
- Proof that you’re eligible for cover, such as a card statement or a receipt of payment for your overseas travel ticket.
- If you’re making a claim for a stolen, lost or damaged personal item, you must provide a copy of police report or any other official reports relating to the incident.
Steps to make a claim
Follow these steps to make a claim on your HSBC credit card insurance policy:
- Overseas. To make an emergency overseas claim, call Allianz Global Assistance on +61 7 3305 7499 (reverse charges from overseas). You will need to provide your policy number as well as proof that you paid for your travel tickets with your eligible HSBC credit card. The Allianz Global Assistance phone service is available 24 hours a day, 7 days a week. Allianz can also put you in touch with their global team of medical professionals who can help with:
- Emergency transport to the nearest hospital
- Emergency evacuation to Australia
- Providing payment guarantees to overseas medical institutions
- Provide an emergency service and emergency medical travel planning
- In Australia. Make sure you contact Allianz on 1800 648 093 within 30 days of your return home if you want to make a claim against your HSBC credit card insurance. You may be required to provide a written loss report within 30 days. Allianz reserves the right to reject your claim if you fail to submit this document on time.
What insurances am I covered under?
The following benefits and limits apply to HSBC credit card complimentary international travel insurance. HSBC Premier World Mastercard cardholders receive a higher benefit limit.
What does excess mean?
Note: An excess in insurance is basically the amount you must pay towards any claim that you make.
|Medical and hospital expenses||Unlimited||$200|
|Luggage and travel documents||$25,000 per person|
$40,000 per family
|Resumption of journey following the death of a family in Australia||$7,500 per person|
$14,000 per family
|Special event||Up to $3,000||$200|
|Unexpected cancellation of travel or accommodation||Unlimited||$200|
|Rental vehicle excess cover||$3,000||$200|
|Travel delay expenses||Up to $900 for a family||$200|
|Accident death||Up to $65,000||No excess|
|Funeral expenses||$15,000 per cardholder|
$30,000 per family
|Legal liability||$2,500,000||No excess|
|Domestic pets||Up to a maximum of $500 if you’re return to Australia is delayed||No excess|
|Assault requiring hospitalisation||Up to $600||No excess|
|Hijack or detention||Up to $250 per person per 24 hours (maximum $12,000)||No excess|
Complimentary insurance sub-limits
Sub-limits also apply for some of the benefits listed here. For example, within the Luggage and Travel Documents benefit, you receive up to $5,500 per personal item for baggage, clothing and personal valuables and get up to $600 for emergency replacement of lost clothes and toiletries.
- Overseas medical expenses. Allianz provide overseas medical cover for the following events:
- Bed care
- Emergency dental expenses
- Escort Services
- Medical Expenses
- Loss of a limb or a sense (e.g. sight)
- Luggage and travel documents. Allianz will provide cover for the loss or theft of the following personal items:
Item Cover Luggage, valuables and personal valuables $5,500 Portable electrical equipment and binoculars $5,500 Cameras and equipment/accessories $5,500 Laptop computers and equipment/accessories $5,500 Travel documents, traveller’s cheques, credit cards and cash $600 up to $1,100 for a family
- Domestic travel exceptions. A trip from mainland Australia to Lord Howe Island, Christmas Island or Cocos Island is considered an overseas journey; however, hospital and medical expenses do not apply if you’re visiting these destinations.
- Cancellation of travel arrangements and unexpected expenses. Allianz will cover you for cancelled travel arrangements and unexpected costs for the following situations:
- An unexpected natural disaster in your destination or at your normal place of residence
- Your residence in Australia has been destroyed
- Unexpected quarantine
- Court subpoena
- Your travel companion or relative in Australia becomes sick or dies
- You miss a connecting flight due to a flight delay
- Your travel documents are stolen
You’re eligible to receive the following insurances when you use your HSBC platinum or premier credit card overseas and in Australia:
- Purchase protection insurance. Get 90 days of worldwide cover for items purchased with your eligible HSBC credit card. You can claim up to $125,000 per year for each account.
- Guaranteed pricing scheme. This benefit refunds you the difference in price when you buy an item and you see it on sale for less elsewhere.
- Transit accident insurance. This cover provides a financial benefit if you’re injured or killed when riding in a public passenger vehicle such as a ferry or bus.
- Extended warranty insurance. Extended warranty insurance will match the Australian warranty equivalent up to one year for eligible items purchased with your HSBC credit card. The table below highlights how it works:
Australian warranty Extended warranty 7 days 7 days 14 days 14 days 1 month 1 month 6 months 6 months 1 - 5 years 1 year 5 years + N/A
HSBC platinum and premier credit cards can cover you and your family for emergency medical and dental costs, lost personal items and travel delays for up to four months. All you need to do is charge at least 90% or more of your overseas travel ticket to your eligible HSBC credit card.
If you want to use this insurance, remember to take a copy of your policy document and product disclosure statement with you when you leave Australia. You’ll need these documents, as well as proof of purchase of flights with your HSBC credit card, to make a claim through Allianz.
We can help you with general questions about your credit cards and complimentary insurance cover, so feel free to write a comment below. If you have any specific questions about your insurance policy, you will need to contact Allianz on 1800 648 093 for information specific to your circumstances.
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