Leader Team Broker extends the validity period for AXA and Generali health insurance policies in the wake of the COVID-19 crisis.

Bucharest, March 13, 2020: Leader Team Broker, key player on the Romanian insurance market specialized on risk management and distribution of insurance policies, informs that AXA Global Healthcare and Generali Global Health, two of our partners that work in the health insurance sector, have decided to maintain the validity period for policies even after the announcement the coronavirus pandemic. Health policies cover the expenses for diagnosis, treatment and hospitalization, including for cases of diagnosis with COVID-19.

“The two partner companies have decided not to activate the provisions of exclusion from standard contract, even though recently, the World Health Organization has declared COVID-19 pandemic. We welcome their decision and we shall be in total conformity, a common act of responsibility and respect with regards to our clients”, stated Alexandra Elena Durbacă, CEO of Leader Team Broker.

The Company has already informed customers who are in the situation of settling any claims in the health, life or travel sector, offered in partnership with Allianz insurance company, that they can notify, submit electronically and complete as many documents as possible online, to limit customer travel and possible delays in physical file delivery and damage recovery.

The health policy within the Leader Team Broker portfolio covers the costs of health status changes and medical needs. Following the official declaration of the national epidemic or the global pandemic, only the persons covered by an international insurance policy can benefit from the risk coverage.

Furthermore, the Company’s data show that last year, health and life insurance has become the 3rd most important policy, by class of insurance, with a 13,5% share in the company’s portfolio.

“In the current context, we consider it absolutely necessary to inform customers at risk or exposed to any risk of illness about their rights under the health policy in force”, added Alexandra Elena Durbacă, CEO of Leader Team Broker.