16:49:49 EDT Sat 15 Aug 2020
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Manulife Financial Corp
Symbol MFC
Shares Issued 1,944,896,776
Close 2020-03-18 C$ 13.10
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Globe says Manulife sees travellers await more guidance

2020-03-19 07:36 ET - In the News

The Globe and Mail reports in its Thursday edition that Canadian travellers stuck abroad may find themselves without emergency medical coverage as some insurers impose a March 31 deadline when coverage will expire while refusing extensions for people showing signs of COVID-19. The Globe's Clare O'Hara writes that on Monday, Prime Minister Justin Trudeau urged Canadians to return home, but made it clear that anyone with symptoms of the virus will not be allowed to travel to Canada until they have recovered. For some, that means a lapse in their current emergency medical coverage. The uncertainty in guidance issued by travel insurers -- which has been changing by the day in some cases -- has left thousands of Canadians unsure of whether they will be covered while they attempt to get home or remain under quarantine. As the coronavirus pandemic continues, insurance companies have deemed the virus a "known event," which could mean they are not covered for the illness. Manulife Financial's individual travel plans for emergency medical coverage allow for extensions as long as "there has been no event that has resulted, or may result in a claim against the policy," and "there has been no change in your health status."

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