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TD Enhances Credit Card Travel Insurance Coverage For Cardholders

TD Credit Card Travel InsuranceTD is enhancing the travel insurance coverage of its premium travel cards effective March 30, 2016. Improvements will be applicable to both existing and new cardholders on the TD Aeroplan Visa Infinite, TD First Class Travel Visa Infinite and the TD Aeroplan Infinite Privilege card.

At no additional cost to cardholders, enhancements will be seen on travel medical, trip cancellation and trip interruption insurance.

The improvements will make the TD Aeroplan Visa Infinite and TD First Class Infinite Visa cards some of the best credit card insurance programs on the market. Specifically, the cards will now match some of the stronger insurance cards on the market and exceed those of popular travel cards like the Avion Infinite, WestJet World Elite, and CIBC Aventura cards.

Travel Medical Current Coverage New Coverage
Travel Medical Insurance Coverage Period (for TD Aeroplan Visa Infinite Card only) 15 days for Primary Cardholders, along with any insured Persons under 65 years of age The coverage period is increasing from 15 days to 21 days for Primary Cardholders, along with any Insured Persons under 65 years of age.
Dependent Children Dependent Children travelling alone are not covered The Primary Cardholder’s Dependent Children will be eligible to be insured, whether or not the Primary Cardholder travels with them on the Covered Trip.
Baggage Return No baggage return coverage is provided in the event of a medical emergency An Insured Person will be covered up to $500 for baggage return to their province or territory of residence because of a Medical Emergency during a Covered Trip.
Pre-Existing Condition Period for Travel Medical Insurance The Pre-Existing Condition Period under the current Certificate is: There is a change to the Pre-Existing Condition Period for trips beginning on and after March 30, 2016:
– 180 days for Insured Persons who are 74 years of age or younger – For insured Persons under 65 years of age, this period is the 90 days immediately before the beginning of the Coverage Period.
– 365 days for insured Persons who are 75 years of age or older – For Insured Persons 65 years of age or older, this period is the 180 days immediately before the beginning of the Coverage Period.
Trip Cancellation / Trip Interruption Current Coverage New Coverage
Trip Cancellation Insurance Maximum Benefit (for TD Aeroplan Visa Infinite card only) $1,000 per Insured Person per Covered Trip; $5,000 total per Covered Trip for all insured Persons on the same Covered Trip. The maximum benefit for Trip Cancellation Insurance is increasing from $1,000 to $1,500 per Insured Person, to a maximum of $5,000 per Covered Trip for all Insured Persons on the same Covered Trip.
Trip Cancellation due to a Travelling Companion Not a Covered Cause for Cancellation You’ll benefit from the Trip Cancellation coverage when a Travelling Companion can’t travel for a Covered Cause.
Pre-Existing Condition Period for Trip Cancellation / Trip Interruption Insurance The Pre-Existing Condition Period under the current Certificate is:

– 180 days for Insured Persons who are 74 years of age or younger

There is a change to the Pre-Existing Condition Period for trips beginning on and after March 30, 2016:
– 180 days for Insured Persons who are 74 years of age or younger – For insured Persons under 65 years of age, this period is the 90 days immediately before the beginning of the Coverage Period.
–  365 days for insured Persons who are 75 years of age or older – For Insured Persons 65 years of age or older, this period is the 180 days immediately before the beginning of the Coverage Period.

From our perspective, the 3 most impactful changes are:

  • Extending travel medical coverage from 15 days to 21 consecutive days. This means that you can have an unlimited number of trips per year and be covered for each one for 21 consecutive days. Both RBC and CIBC Infinite products are still stuck at 15 days. 21 days aligns the TD Aeroplan infinite card with the BMO World Elite, Scotia Gold (25 days) and its own TD First Class Infinite card at the high end of the market, among the core travel cards.
  • Covering dependents for travel medical insurance even when they are not travelling with the primary cardholder. This means your children can be travelling out of province or country, and even if the trip is not booked through the card, and they’re travelling with you, they’ll still be covered. Some like the RBC Avion Infinite, require dependents to travel with the primary cardholder to be eligible for coverage.
  • Shortening of Pre-Existing Condition wait period for travel medical, trip cancellation & trip interruption for people under 65 years old. Instead of having to wait 6 months after you’ve had a medical condition, event or change of medication, you now only have to 3 months before you’ll be covered again.

With travel insurance that no longer compromises and superb welcome bonus offers, TD’s roster of Aeroplan Infinite, First Class Infinite and Aeroplan Privilege cards make for great short and long term values.

No doubt, with a regular rotation of first year annual fee rebates, welcome bonus flights to anywhere in North America, and robust travel insurance coverage, these are some of the best credit cards in Canada.

 

 

 

5 comments

  1. I booked a trip using my Aeroplan Miles and paid the supplementary fees with my TD VISA Aeroplan Infinite card. I purchased the Non-Medical insurance via the Aeroplan site when it was offered. Was I covered before I purchased this insurance? Also, is the medical end covered automatically as well? Lastly, if for some unforeseen reason we have to cancel our trip, will TD Insurance replace my Aeroplan Miles I used to book this trip? Thanks Kindly.

    • Hi Jim. Thanks for your questions. To answer your first inquiry, though Aeroplan did recently extend the insurance it offers to flyers, non-medical insurance is not automatically covered. So your purchase wasn’t wasteful. Medical coverage for TD cardholders using their Aeroplan account was previously 15 days of coverage for the primary cardholder while traveling, but it is now 21 days.

      If your trip needs to be cancelled for unforeseen purposes, TD will refund these miles to your account as long as you paid for the trip with your Aeroplan miles. You have within 21 days of departure to cancel. You will then see that the Aeroplan miles used to purchase the flight have been returned to your account, and the money used for fees and taxes credited to your Visa as well.

      Safe travels!

      GreedyRates Staff

  2. Do these travel insurance medical and non medical benefits apply to additional card user too? Could you please elaborate what “insured person” mean?
    Thank you very much

    • Hi Lily,

      Great question. For the travel medical insurance, the primary cardholder, spouse and dependent children are covered (whether the trip is booked through your credit card or not i.e. you could drive and be covered). All have to be residents of Canada. a dependent child is defined by TD per below:

      Dependent Children means Your natural, adopted, or step-children who are:
      • unmarried;
      • dependent on You for financial maintenance and support; and
      • under 22 years of age; or
      • under 26 years of age and attending an institution of higher learning, full-time,
      in Canada; or
      • mentally or physically handicapped.
      Exclusion: A Dependent Child does not include a child born while the child’s mother is outside her province

      With respect to trip cancellation, trip delay and trip interruption, your spouse and your dependent children are covered whether they travel with you or not. But the trip has to be booked through your card at all times.

      Please insure you review the certificate of insurance yourself so you understand all details, definitions and exclusions. That said, hope the above helped.

      GreedyRates Staff

  3. I understand this card is also starting to offer a few days of medical coverage for cardholders over 65 – a trend which seems to be spreading with higher end cards.

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