The key products that Medibank should be introducing will be inclusive of advanced packages for travel insurance products and services. The key scope for advancement of packages lies in four main areas that are:
1) Resumption of assignment or alternate employee
The company should consider reimbursing the expenses of transportation as a result of an event covered in the original product line. This should be done for sending a substitute individual for completing the original objectives and commitments towards business of an insured individual, who failed in doing so or returning or returning the actual insured individual within the duration of 90 days since the repatriation.
2) Natural disaster and political risk evacuation
The company should consider paying the necessary and reasonable costs for returning the insured individual to their nation of residence or consider paying for reasonable accommodation, covering the period of two week. This will be done, and an insured individual fails in returning to the nation of residence as a result of a natural disaster and a political risk. This insurance will be covered even if there is declaration of persona non grata.
3) Expenses of renting vehicle
The company should consider reimbursing any deductible or excess amount that has to be paid by an insured person, under an agreement of rental vehicle hiring with respect to damage or loss to a rental vehicle in the duration of rental covering up to 5,000 Australian dollars.
4) Extortion, ransom and kidnap
The company should consider reimbursing the insured individual in case of certain events of extortion, ransom or kidnap, if the insured individual is under subjectivity and will be covering up to 250,000 dollars. There seems to be a separate limit of almost 100,000 dollars for legal expenses and costs to settle and defend any claim in accordance with the personal liability of an insured person.
5) Identity guard
The company should consider reimbursing court or legal costs incurred as a result of defence against any suit by a collection agency or creditor due to theft of identity. There will be reimbursement for the loss of income under attribution with the time consumed for sole work. Under the efforts, insured person is correcting the records of finance in alteration because of the theft of identity.