AXA Gulf Unveils 20% Discount On Travel Insurance For Vaccinated Customers

Press release
Published April 14th, 2021 - 10:45 GMT

AXA Gulf Unveils 20% Discount On Travel Insurance For Vaccinated Customers
AXA Gulf Travel
Highlights
AXA Gulf is launching a 20% promotional discount on travel insurance with the aim of encouraging residents to be safe and healthy

AXA Gulf, one of the largest international insurers in the GCC, is launching a 20% promotional discount on travel insurance with the aim of encouraging residents to be safe and healthy, whilst also helping with the ongoing COVID-19 vaccination drive in the region.

The 20% discount on travel insurance will be available to customers who have had both vaccinations for COVID-19. The offer will be available only on AXA’s outbound, Travel Smart product, which is also its most comprehensive travel product, for short-haul trips. To avail the discount, all customers need to do is confirm that they’ve been fully vaccinated and provide the date of their second dose.

With AXA’s Travel Smart plan, customers will enjoy a variety of benefits, including worldwide medical emergency assistance, protection against loss or theft of personal baggage, personal money and passport, emergency purchases of essential items in the event of a luggage delay, delayed departures as a result of unexpected events, and medical expenses and transportation in the event of sickness or accidental injury.

Commenting on the launch of the promotion, Franck Heimburger, Chief Personal Lines Officer at AXA Gulf, said; “A regulatory mandate was recently issued leading to UAE-based airlines offering COVID-19 cover with their tickets. Travellers need to be aware that often the cover embedded in these tickets is limited in that it only covers the consequences of COVID-19, rather than any other circumstance of a claim. With this in mind, we encourage all travellers to purchase a full-fledged cover that can be useful in case of travel inconveniences or medical emergencies unrelated to COVID-19.” 

“At AXA, we recognise that we have a key role to play in helping customers protect what matters most to them. In the case of travelling, nothing matters more than safety and security. As such, we are proud to offer this discount and reward those who have contributed to world safety by being fully vaccinated. Our customers can rest assured that they can travel safe and secure in the knowledge that we are there for them.” 

At the beginning of the pandemic, AXA was one of the first insurers to address travellers concerns by extending the travel insurance cover to include emergency medical expenses related to COVID-19. Additionally, AXA’s COVID-19 extension covers the expenses associated with the rescheduling of a return flight caused as a result of the virus.

Those interested in learning more about AXA Gulf’s travel insurance can call 800 AXA (292) or visit our website.
 

Background Information

AXA Gulf

VAT or Value Added Tax is a form of consumption tax that is imposed on a transnational level. The GCC has agreed to apply a uniform standard rate of 5%. This standard rate will apply to almost all domestic transactions. UAE and KSA will implement VAT on 1 January 2018, and the other GCC countries are expected to implement in the following 12 months.

In limited instances VAT can also apply at 0% (zero-rate), or transactions can be exempt from VAT, or out of scope.

How it works is that taxable businesses are generally able to recover the VAT they incur on their purchases and expenses.

However, as individuals, we are the final point of the supply chain and therefore, will bear the cost as we are not able to recover the VAT.

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