American Express will revise the terms and conditions of the overseas travel accident insurance attached to its corporate cards, effective August 1.
For Corporate Green and JR Tokai EX Corporate Green cards, the application condition will be changed from automatic coverage to “usage-based coverage,” which includes settlement through a Business Travel Account (BTA). In addition to increasing the maximum coverage amount for “Accident Medical Treatment Insurance Benefit” and “Illness Medical Treatment Insurance Benefit” to 6 million yen (currently 4 million yen), “Flight Delay Expenses” will also be added to the coverage.
For Corporate Gold and JR Tokai EX Corporate Gold cards, the maximum coverage amount for “Accident Medical Treatment Insurance Benefit” and “Illness Medical Treatment Insurance Benefit” will be increased to 6 million yen (currently 4 million yen), and “Flight Delay Expenses” will also be added to the coverage. The application condition will remain automatic coverage, with no changes.
For Corporate Platinum and JR Tokai EX Corporate Platinum cards, if the travel expenses are paid with a Corporate Platinum card or through a BTA (usage-based coverage), the maximum coverage amount for “Accident Medical Treatment Insurance Benefit” and “Illness Medical Treatment Insurance Benefit” will be increased to 12 million yen (currently 10 million yen). If the travel expenses are not settled with these methods, the maximum coverage will be 6 million yen (currently 5 million yen). There will be no changes to “Flight Delay Expenses.”
The revised terms will apply to departures from Japan on or after August 1. There will be no changes to the coverage details or application conditions for domestic travel within Japan.
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