New insurance plan for tourists to be run by Generali

(newsroompanama.com) A new insurance service  for for tourists entering Panama through Tocumen International Airport will be operated by Generali Insurance  for the next three years and is intended to bring peace of mind to tourists knowing they will be covered in case of an accident.

For the first 30 days of a visit It covers health care, including the  costs if a person needs to be transferred to a medical centre outsideof Panama.

The policy also includes $20,000 in coverage in the case of a tourist dying while in Panama.

The government received five proposals from insurance companies, and  Generali had the best bid at $2 million. Three other bids were lower, but the coverage offered by Generali was the most comprehensive.

The awarding of the contract was delayed after American Life Insurance Company (Alico) filed an objection to  being excluded from the bidding. because the company lacked certain qualifications. The company's appeal was rejected.

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Original Source: newsroompanama.com
Date Retrieved: October 1, 2010