Allianz Comprehensive Travel Insurance Review 2024: Features, Pros & Cons (2024)

Allianz Group is one of the world’s largest insurers, with more than three million customers in Australia alone. Alliance Australia offers a wide range of insurance and risk-management products to its customers, including four separate types of travel insurance options for personal coverage.

These include its Basic Cover, Multi-Trip, Domestic, and Comprehensive Travel Insurance offerings. Out of the four, the Comprehensive Travel Insurance offers the most significant coverage for a single overseas trip, and this is the policy we’re reviewing in this article.

Allianz insurance has received a four-star average rating from more than 3000 reviews on Product Review, and its dedicated comprehensive offering was awarded an average of 3.8 stars from 550 reviews.

Allianz’s Comprehensive Travel Insurance offers its customers an range of benefits when travelling internationally on a single trip, including credit card fraud cover up to $5,000.

The coverage options also provides 24/7 emergency assistance when travelling internationally, and for an additional cost, further cover and increased item limits can be added.

Allianz notes that its cancellation benefit is selectable, meaning customers can choose the level of cover that is required if cancellations occur; a common occurrence in our post-pandemic world. The cancellation cover applies from the moment a policy is purchased, so if the trip is unexpectedly cancelled or delayed, customers may still be covered.

For the cancellation coverage, $2,000 is included, however, the customer can choose to increase this value to $5,000, $10,000, $20,000 or unlimited, although sub-limits do apply.

There is no dedicated cover for missed flight connections, and instead Allianz offers a broader compensation under ‘travel delays’. Allianz will pay up to $250 per person (except under Single or Family cover types where an aggregate limit applies) up to a maximum total of $500 for travel delay of six consecutive hours, as well as for each subsequent consecutive 24 hours of delay.

Allianz Comprehensive Travel Insurance has no maximum age for coverage, and also includes children up to age 25 on the policy, provided they are not in full time employment and will be travelling with the policy-holder 100% of the time.

Does it Cover Lost Luggage?

Allianz Comprehensive Travel Insurance covers lost luggage up to $10,000, however, sub limits apply. For high-value items, customers can choose to increase item limits for an additional premium.

What Is Included in its Medical Cover?

The cover includes unlimited overseas medical and hospital expenses, including dental.

Does it Cover Me for Covid?

The comprehensive cover includes Covid-19 under medical expenses. However, cancellations due to Covid are only covered if the cancellation is the result of a government-enforced border closure or the policy holder being required to complete quarantine.

There is no cover available for connecting flights, however there is cover for travel delays of more than six hours.

What About Pregnancy?

Pregnancy is covered until week 24 of the pregnancy, provided that the policy holder does not have complications with the pregnancy or a history of complications in pregnancy.

Childbirth is not covered.

What if I Have a Pre-Existing Medical Condition?

Allianz informs potential policyholders that pre-existing conditions will need to be assessed online to determine if they will be covered.

Are Sports and Activities included?

There are 38 activities included and listed in the product disclosure statement for Allianz’s Comprehensive Travel Insurance. These vary from bungee jumping to golfing and walking or hiking.

For further sport and activities coverage, customers can add on various activity packs such as Adventure, Snow and Cruise.

Allianz’s comprehensive plan may appeal to those looking for unlimited medical and dental, generous luggage and credit card fraud protection, as well as the option of increased cancellation coverage.

There is no maximum age limit, and children or grandchildren under 25 are covered if they are not employed on a full-time basis and will be travelling with the policy-holder for 100% of the trip.