From now on, payment cards have even more insurance options

2017-12-29

From 1 January 2018, payment card insurance terms and conditions provided by the Security Program as well as travel insurance for Mastercard Gold and Mastercard Standard are updated.

New types of insurance in the Security Program

From 1 January 2018, the updated Payment Card Security Program Application Terms come into force, which will give you even more security.

From now on, together with your card’s Security Program, you will be insured with the cancellation of the event due to sickness insurance, vehicle key loss insurance and personal liability insurance.

If you lose the card and it is blocked, the fee for the Security Program will not apply to it and the program will expire from the month when the fee was not written off.

You can get acquainted with the updated Payment Card Security Program Application Terms here, and you can find the Terms and Conditions of the Security Program here.

Secure trips with Mastercard Gold and Mastercard Standard

From 1 January 2018 Mastercard Gold and Mastercard Standard credit card travel insurance will be taken care of by the Baltic Underwriting Agency, and the insurance will be filled with the new opportunities.

Mastercard Gold Insurance

Insurance coverage amount

Insurance amount for each event

Before 31-12-2017

From 01-01-2018

Medical costs

Urgent necessary medical aid

65 000 €

250 000 €

Necessary dental help (acute pain relief)

Up to 150 €

up to medical costs insurance amount

Repatriation

10  000 € (15 000 € not in Europe)

up to medical costs insurance amount

Costs of accompanying persons

100  €/day, 10 days

at most 1 000 €, 10 days

Mobile service costs

Up to 20 €

50 €

Insurance against accidents

Death

15 000 €

30 000 €

Disability

15 000 €

30 000 €

Personal liability insurance

10 000 €

30 000 €

Luggage insurance

Luggage loss, damage, destruction costs

500 €, max 250 € per i tem; deduction 20 €

 

1 000 €

Luggage delay costs

>than 5 hrs;

up to 480 €, 40 €/hr.

 

>than 3 hrs;

actual costs, at most 500 €

Travel document insurance

not applied

actual costs, at most 500 €

Travel costs insurance

Travel cancellation costs

400 €

1 000 €

Missed flight costs

not applied

Travel delay costs (over 3 hours)

>than 5 hrs;

up to 300 €, 40 €/hr

 

>than 3 hrs;

actual costs, at most 300 €

Protection in the case of terrorist act

invalid

valid

Redemption of deduction of a rented vehicle

invalid

1 000 €

Purchase insurance

invalid

1 500 € per event, not more than 3 000 € for insurance period, 25 € deduction per event

Mastercard Standard insurance

Insurance coverage amount

Insurance amount for each event

Before 31-12-2017

From 01-01-2018

Insurance against accidents

Death

5 000 €

5 000 €

Disability

5 000 €

5 000 €

Trauma

3 000 €

3 000 €

Protection in the case of terrorist act

invalid

valid

Protection for family members travelling together

invalid

valid

If the event occurred before 31 December 2017 (inclusive), the ERGO Insurance SE Lithuanian Branch insurance rules are valid and you must apply to this company.

You can find new insurance conditions for Mastercard Gold here and for Mastercard Standard here.

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