Shenzhen, Feb. 5, 2015 /PRNewswire/ -- BOC Insurance and Deer Jet Aviation RescueYesterdayjointly announced here the launch of a travel accident insurance policy with medical evacuation aircraft support and a maximum policy coverage of RMB25 million, in response to the worsening overseas security conditions and to meet the safety and protection needs of Chinese nationals. This insurance product currently offers the highest coverage among domestic travel accident insurances and will provide Chinese travelers with a more comprehensive and thoughtful option.
Mr. Huang Yuanrong, General Manager of BOC Insurance Guangdong Branch, and Mr. Lu Haikuan, Chairman and CEO of Deer Jet Aviation Rescue, delivered speeches at the launch ceremony and introduced the service contents of the insurance.
Mr. Huang Yuanrong stated: "Traveling abroad means potential overseas risks — incidents such as kidnappings and riots in Southeast Asia, the Ebola outbreak in Africa, and various other emergencies have led people to become increasingly concerned about their safety overseas. Frequent air disasters have heightened public attention on aviation safety and increased the demand for global emergency rescue services. With the national 'Go Global' strategy and the establishment of the 'Belt and Road' development plan, BOC Group and BOC Insurance will also serve the national strategy and welcome more development opportunities. To provide business travelers and families with more comprehensive, rapid, and effective health and safety protection, we have jointly launched the 'Extreme · Quality' Global Travel Premium Protection Plan with Deer Jet Aviation Rescue, the largest medical evacuation aircraft operator in China."
The "Extreme · Quality" Global Travel Premium Protection Plan offers three levels of personal accident coverage: RMB5 million, RMB10 million, and RMB25 million. Deer Jet Aviation Rescue provides insured individuals with global access to medical evacuation aircraft benefits. In the event of an emergency, Deer Jet Aviation Rescue offers free medical evacuation aircraft services to transport the insured back to their place of residence in the fastest and safest manner possible.
Mr. Lu Haikuan emphasized: "China is not only the fastest-growing outbound tourism market in the Asia-Pacific region but also the most promising market for travel insurance products. In 2014, Deer Jet Aviation Rescue experienced rapid growth across all business areas, and we deeply felt the strong demand from Chinese nationals for global medical evacuation aircraft services both at home and abroad, successfully executing numerous large-scale emergency rescue missions. This product collaboration with BOC Insurance is a valuable attempt by Deer Jet Aviation Rescue to explore joint insurance product development with insurance companies. It aims to ensure that Chinese citizens and corporate employees can obtain timely, safe, and comprehensive insurance protection and emergency rescue services in emergencies, further meeting the increasingly diverse needs of various individuals."
Deer Jet Aviation Rescue predicts that the number of Chinese outbound travelers in 2014 approached 120 million, and the current large mobile population has particularly strong insurance needs. It is estimated that by 2017, China will surpass Japan to become the largest travel insurance product market in the Asia-Pacific region.