Allianz Travel Insurance Review
Allianz Global Assistance (AGA) is a member of Allianz Group, one of the world’s leading insurers operating in almost 70 countries. Allianz has been operating since 1890, with a long history of helping people find travel insurance.
AGA is one of Canada’s primary travel insurance providers, with policies underwritten by CUMIS General Insurance Company. Cumis is the primary insurance company for credit unions in Canada and is a member of the Co-operators Group of Companies. AGA had a recent product overhaul in 2023, with new high-quality insurance policies introduced to the Canadian market.
Allianz Global Assistance is most popular with Canadians aged 60+.
Allianz Standout Policy Benefits
Hospitalization & Medical Services
$10 Million in coverage. (Emergency Medical & All-Inclusive Plans)
Accidental Death & Dismemberment
$100,000 in coverage. (All-Inclusive & Non-Medical Plan)
Dental Accident
Coverage for up to the sum insured (Emergency Medical & All-Inclusive Plans)
Allianz Advantages & Disadvantages
| Advantages | Disadvantages |
|---|---|
They are one of the few policies available for purchase by Canadian travellers who are already overseas;
| There are only two deductible options - $0 and $500, which is a limited amount compared to other Canadian traveller plans |
Prices are location-based, so may work out cheaper than other providers, depending on where you travel to; | There were complaints about the claims experience in the past, though this appears to have been resolved following the 2023 product relaunch |
Premiums are lower for senior travellers with only one major medical condition than most other travel medical policies available in Canada | Allianz policies are more expensive than some other policy options, especially with no pre-existing conditions |
Stability periods range from 90 to 150 days, depending on age and medical conditions | |
Deductibles are in CAD, while most other insurance companies quote deductibles in USD | |
Allianz’s newest policies include a simplified medical questionnaire with only three main medical questions |
Is Allianz Good Value for Money?
Allianz tends to be priced higher than average for healthy travellers with no pre-existing conditions, but becomes more competitive for seniors with one major medical condition. Prices are location-based, which can work in your favour depending on your destination. The best way to see exactly how Allianz compares for your specific age, health, and trip details is to run a free quote — you'll see all available options side by side instantly.