Top travel insurer withdraws insolvency cover for SAA tickets
TIC says anyone travelling on SAA from November 28 on can still buy a policy and be covered for all the benefits the policy offers except the travel supplier insolvency benefit
29 November 2019 - 12:53
One of SA's top travel insurers, Travel Insurance Consultants (TIC), confirmed on Friday that it had withdrawn the insolvency cover benefit on all SAA tickets.
“This action was triggered by a decision from TIC’s international re-insurer to withdraw cover based on the worsening risk outlook and potential bankruptcy of the airline,” said the company, which is owned by Santam. ..
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