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Economic Sanctions and Your IPMI Coverage | Understanding Exclusions

Understanding Economic Sanctions and Their Impact on IPMI Coverage

Economic Sanctions: Understanding Your Coverage Exclusions

Economic sanctions are restrictions put in place by government entities, such as the United Nations or the European Union, to limit or regulate economic activities with certain countries or individuals. In the context of International Private Medical Insurance (IPMI), economic sanctions can impact the coverage provided to policyholders.

For example, if a policyholder is located in a country that is subject to economic sanctions, certain benefits or treatments may not be available or covered under the policy. Additionally, if a policyholder seeks treatment from a medical facility located in a sanctioned country, the cost of the treatment may not be covered under the policy.

It is important to note that coverage is not provided if any element of the cover, benefit, activity, business or underlying business violates any applicable sanction law or regulation. Policyholders should be aware of these restrictions and check with their insurance provider to determine if there are any limitations on their coverage due to economic sanctions.