2. Target Market for this insurance

Comprehensive Plan – This plan offers the most comprehensive level of single trip cover and provides higher benefit limits when compared to the other single trip plans in this TMD.

This is suitable for customers who:	This is not suitable for customers who:
Meet the following eligibility criteria: are residents of Australia of any age; and are travelling internationally either one way or return; and are taking a single trip of up to 12 months duration within the next 18 months. Have the following objectives that are met by the key attributes of this product: seek protection from financial loss as the result of specific defined unforeseen events, that may be incurred prior to or whilst travelling. For example, this plan can protect a consumer against financial loss for: overseas medical expenses incurred as a result of injury or illness; defined trip cancellation events, before and while they travel; accidental loss, theft or damage to luggage and personal effects; and some Coronavirus related events. may want cover for and agree to undertake a medical screening for any existing medical condition(s) that does not meet the criteria for automatic cover. want access to assistance during their trip for guidance, support (even when losses may not be covered by the policy) and general policy and coverage information, as they would not likely have specialist resources readily available to them. do not wish to pay an additional premium for this cover to apply to travel by ocean cruise. may want to tailor cover to be more suited to their insurance needs for their planned travels by: lowering the excess applied if a claim is paid to minimize out of pocket expenses for covered events; increasing the rental vehicle excess cover limit to cover rental vehicle insurance excesses of a higher value increasing the cancellation limit so trips of higher value can be covered; specifying valuable items to increase cover limits and not have depreciation apply; adding cover for loss arising from participation in snow sports; and adding cover for their existing medical condition(s). Whose financial situation is consistent with the following: Persons who can pay the full quoted premium for the plan and options selected before the policy is issued; Persons who can incur the applicable excess if a claim is made; and Persons who may not wish to, or be able to, cover expenses themselves for events covered by this travel insurance.	only want to be covered for travel within Australia; or are not starting or ending their trip at their home in Australia; or are Australian expatriates based overseas; want cover for a trip longer than 12 months duration; or want cover for multiple trips under a single policy; or want cover for loss arising from excluded activities; or want cover for travel to a destination subject to a “Do Not Travel” warning issued by the Australian Government’s Department of Foreign Affairs and Trade; or require cover that would cause us to be in breach of any restriction under United Nations resolutions or any sanctions, laws or regulations of Australia, the European Union, the United Kingdom or the United States; or want cover for excluded losses relating to an epidemic or pandemic or associated travel restrictions; or want cover for existing medical conditions that do not meet the criteria for automatic cover and: do not agree to undertake a medical screening to determine the cover available; or are not offered cover following a medical screening.

This is suitable for customers who:

This is not suitable for customers who:

Meet the following eligibility criteria:

are residents of Australia of any age; and
are travelling internationally either one way or return; and
are taking a single trip of up to 12 months duration within the next 18 months.

Have the following objectives that are met by the key attributes of this product:

seek protection from financial loss as the result of specific defined unforeseen events, that may be incurred prior to or whilst travelling. For example, this plan can protect a consumer against financial loss for:
- overseas medical expenses incurred as a result of injury or illness;
- defined trip cancellation events, before and while they travel;
- accidental loss, theft or damage to luggage and personal effects; and
- some Coronavirus related events.

may want cover for and agree to undertake a medical screening for any existing medical condition(s) that does not meet the criteria for automatic cover.
want access to assistance during their trip for guidance, support (even when losses may not be covered by the policy) and general policy and coverage information, as they would not likely have specialist resources readily available to them.
do not wish to pay an additional premium for this cover to apply to travel by ocean cruise.

may want to tailor cover to be more suited to their insurance needs for their planned travels by:
- lowering the excess applied if a claim is paid to minimize out of pocket expenses for covered events;
- increasing the rental vehicle excess cover limit to cover rental vehicle insurance excesses of a higher value
- increasing the cancellation limit so trips of higher value can be covered;
- specifying valuable items to increase cover limits and not have depreciation apply;
- adding cover for loss arising from participation in snow sports; and
- adding cover for their existing medical condition(s).

Whose financial situation is consistent with the following:

Persons who can pay the full quoted premium for the plan and options selected before the policy is issued;
Persons who can incur the applicable excess if a claim is made; and
Persons who may not wish to, or be able to, cover expenses themselves for events covered by this travel insurance.

only want to be covered for travel within Australia; or
are not starting or ending their trip at their home in Australia; or
are Australian expatriates based overseas;
want cover for a trip longer than 12 months duration; or
want cover for multiple trips under a single policy; or
want cover for loss arising from excluded activities; or
want cover for travel to a destination subject to a “Do Not Travel” warning issued by the Australian Government’s Department of Foreign Affairs and Trade; or
require cover that would cause us to be in breach of any restriction under United Nations resolutions or any sanctions, laws or regulations of Australia, the European Union, the United Kingdom or the United States; or
want cover for excluded losses relating to an epidemic or pandemic or associated travel restrictions; or
want cover for existing medical conditions that do not meet the criteria for automatic cover and:
- do not agree to undertake a medical screening to determine the cover available; or
- are not offered cover following a medical screening.

Essentials Plan – This plan provides single trip cover for fewer events and has lower benefit limits compared to the Comprehensive plan.

This is suitable for customers who:	This is not suitable for customers who:
Meet the following eligibility criteria: are residents of Australia under age 70; and are travelling internationally either one way or return; and are taking a single trip of up to 12 months duration within the next 12 months. Have the following objectives that are met by the key attributes of this product: seek protection from financial loss as the result of specific defined unforeseen events, that may be incurred prior to or whilst travelling. For example, this plan can protect a consumer against financial loss for: overseas medical expenses incurred as a result of injury or illness; defined trip cancellation events, before and while they travel; and accidental loss, theft or damage to luggage. Do not want cover for existing medical condition(s) that do not meet the criteria for automatic cover. want access to assistance during their trip for guidance, support (even when losses may not be covered by the policy) and general policy and coverage information, as they would not likely have specialist resources readily available to them. do not wish to pay an additional premium for this cover to apply to travel by ocean cruise. may want to tailor cover to be more suited to their insurance needs for their planned travels by: lowering the excess applied if a claim is paid to minimize out of pocket expenses for covered events; specifying valuable items to increase cover limits and not have depreciation apply; increasing the cancellation limit so trips of higher value can be covered. Whose financial situation is consistent with the following: Persons who can pay the full quoted premium for the plan and options selected before the policy is issued; Persons who can incur the applicable excess if a claim is made; and Persons who may not wish to, or be able to, cover expenses themselves for events covered by this travel insurance.	are 70 and over; or only want to be covered for travel within Australia; or are not starting or ending their trip at their home in Australia; or are based overseas and are Australian expatriates; or want cover for a trip longer than 12 months duration; or want cover for multiple trips under a single policy; or want cover for loss arising from excluded activities; or want cover for travel to a destination subject to a “Do Not Travel” warning issued by the Australian Government’s Department of Foreign Affairs and Trade; or require cover that would cause us to be in breach of any restriction under United Nations resolutions or any sanctions, laws or regulations of Australia, the European Union, the United Kingdom or the United States; or want cover for excluded losses relating to an epidemic or pandemic or associated travel restrictions; want cover for existing medical conditions that do not meet the criteria for automatic cover.

This is suitable for customers who:

This is not suitable for customers who:

Meet the following eligibility criteria:

are residents of Australia under age 70; and
are travelling internationally either one way or return; and
are taking a single trip of up to 12 months duration within the next 12 months.

Have the following objectives that are met by the key attributes of this product:

seek protection from financial loss as the result of specific defined unforeseen events, that may be incurred prior to or whilst travelling. For example, this plan can protect a consumer against financial loss for:
- overseas medical expenses incurred as a result of injury or illness;
- defined trip cancellation events, before and while they travel; and
- accidental loss, theft or damage to luggage.

Do not want cover for existing medical condition(s) that do not meet the criteria for automatic cover.
want access to assistance during their trip for guidance, support (even when losses may not be covered by the policy) and general policy and coverage information, as they would not likely have specialist resources readily available to them.
do not wish to pay an additional premium for this cover to apply to travel by ocean cruise.
may want to tailor cover to be more suited to their insurance needs for their planned travels by:
- lowering the excess applied if a claim is paid to minimize out of pocket expenses for covered events;
- specifying valuable items to increase cover limits and not have depreciation apply;
- increasing the cancellation limit so trips of higher value can be covered.

Whose financial situation is consistent with the following:

Persons who can pay the full quoted premium for the plan and options selected before the policy is issued;
Persons who can incur the applicable excess if a claim is made; and
Persons who may not wish to, or be able to, cover expenses themselves for events covered by this travel insurance.

are 70 and over; or
only want to be covered for travel within Australia; or
are not starting or ending their trip at their home in Australia; or
are based overseas and are Australian expatriates; or
want cover for a trip longer than 12 months duration; or
want cover for multiple trips under a single policy; or
want cover for loss arising from excluded activities; or
want cover for travel to a destination subject to a “Do Not Travel” warning issued by the Australian Government’s Department of Foreign Affairs and Trade; or
require cover that would cause us to be in breach of any restriction under United Nations resolutions or any sanctions, laws or regulations of Australia, the European Union, the United Kingdom or the United States; or
want cover for excluded losses relating to an epidemic or pandemic or associated travel restrictions;
want cover for existing medical conditions that do not meet the criteria for automatic cover.

Annual Multi Trip Plan - This plan provides cover for multiple trips within a 12 month period.

This is suitable for customers who:	This is not suitable for customers who:
Meet the following eligibility criteria: are residents of Australia of any age; and are starting and ending each trip at their home in Australia; and are travelling to destinations at least 200km from their home in Australia; and whose travel includes either pre-paid scheduled public transport or hire car, or at least one night of pre-booked publicly available accommodation. Have the following objectives that are met by the key attributes of this product: want cover for multiple trips within a 12 month period that are: up to 45 days in duration; and international; and/or domestic. seek protection from financial loss as the result of specific defined unforeseen events, that may be incurred prior to or whilst travelling. For example, this plan can protect a consumer against financial loss for: overseas medical expenses incurred as a result of injury or illness; defined trip cancellation events, before and while they travel; accidental loss, theft or damage to luggage or personal effects; and some Coronavirus related events. may want cover for and agree to undertake a medical screening for any existing medical condition(s) that does not meet the criteria for automatic cover. want access to assistance during their trip for guidance, support (even when losses may not be covered by the policy) and general policy and coverage information, as they would not likely have specialist resources readily available to them. do not wish to pay an additional premium for this cover to apply to travel by river or ocean cruise within Australian Waters. may want to tailor cover to be more suited to their insurance needs for their planned travels by: lowering the excess applied if a claim is paid to minimise out of pocket expenses for covered events; increasing the rental vehicle excess cover limit to cover rental vehicle insurance excesses of a higher value increasing the cancellation limit so trips of higher value can be covered; specifying valuable items to increase cover limits and not have depreciation apply; adding cover for loss arising from participation in snow sports; and adding cover for their existing medical condition(s). Whose financial situation is consistent with the following: Persons who can pay the full quoted premium for the plan and options selected before the policy is issued; Persons who can incur the applicable excess if a claim is made; and Persons who may not wish to, or be able to, cover expenses themselves for events covered by this travel insurance.	are not starting and ending their trip at their home in Australia; or are Australian expatriates based overseas; or want cover for a trip longer than 45 days duration; or want cover for loss arising from excluded activities; or want cover for travel to a destination subject to a “Do Not Travel” warning issued by the Australian Government’s Department of Foreign Affairs and Trade; or require cover that would cause us to be in breach of any restriction under United Nations resolutions or any sanctions, laws or regulations of Australia, the European Union, the United Kingdom or the United States; or want cover for excluded losses relating to an epidemic or pandemic or associated travel restrictions; or want cover for existing medical conditions that do not meet the criteria for automatic cover and: do not agree to undertake a medical screening to determine the cover available; or are not offered cover following a medical screening.

This is suitable for customers who:

This is not suitable for customers who:

Meet the following eligibility criteria:

are residents of Australia of any age; and

are starting and ending each trip at their home in Australia; and
are travelling to destinations at least 200km from their home in Australia; and
whose travel includes either pre-paid scheduled public transport or hire car, or at least one night of pre-booked publicly available accommodation.

Have the following objectives that are met by the key attributes of this product:

want cover for multiple trips within a 12 month period that are:
- up to 45 days in duration; and
- international; and/or
- domestic.
seek protection from financial loss as the result of specific defined unforeseen events, that may be incurred prior to or whilst travelling. For example, this plan can protect a consumer against financial loss for:
- overseas medical expenses incurred as a result of injury or illness;
- defined trip cancellation events, before and while they travel;
- accidental loss, theft or damage to luggage or personal effects; and
- some Coronavirus related events.

may want cover for and agree to undertake a medical screening for any existing medical condition(s) that does not meet the criteria for automatic cover.
want access to assistance during their trip for guidance, support (even when losses may not be covered by the policy) and general policy and coverage information, as they would not likely have specialist resources readily available to them.

do not wish to pay an additional premium for this cover to apply to travel by river or ocean cruise within Australian Waters.

may want to tailor cover to be more suited to their insurance needs for their planned travels by:
- lowering the excess applied if a claim is paid to minimise out of pocket expenses for covered events;
- increasing the rental vehicle excess cover limit to cover rental vehicle insurance excesses of a higher value
- increasing the cancellation limit so trips of higher value can be covered;
- specifying valuable items to increase cover limits and not have depreciation apply;
- adding cover for loss arising from participation in snow sports; and
- adding cover for their existing medical condition(s).

Whose financial situation is consistent with the following:

Persons who can pay the full quoted premium for the plan and options selected before the policy is issued;
Persons who can incur the applicable excess if a claim is made; and
Persons who may not wish to, or be able to, cover expenses themselves for events covered by this travel insurance.

are not starting and ending their trip at their home in Australia; or
are Australian expatriates based overseas; or
want cover for a trip longer than 45 days duration; or
want cover for loss arising from excluded activities; or
want cover for travel to a destination subject to a “Do Not Travel” warning issued by the Australian Government’s Department of Foreign Affairs and Trade; or
require cover that would cause us to be in breach of any restriction under United Nations resolutions or any sanctions, laws or regulations of Australia, the European Union, the United Kingdom or the United States; or
want cover for excluded losses relating to an epidemic or pandemic or associated travel restrictions; or
want cover for existing medical conditions that do not meet the criteria for automatic cover and:
- do not agree to undertake a medical screening to determine the cover available; or
- are not offered cover following a medical screening.

3. Distribution of this insurance

3.1 Distribution channels

Subject to the distribution conditions listed in 3.2, the products outlined in Section 6 must only be issued:

Online, or over the phone via the application system provided by us;

3.2 Distribution conditions

Application systems must:

Provide a level of detail necessary to appropriately inform customers of the key attributes of the product;
Capture information including:
- a customer’s destination;
- travel dates;
- names of all persons to be insured;
- age;
- Australian residency; and
- screening of medical conditions that are not automatically covered by the policy, where applicable;

Include controls to prevent a policy being issued where there is indication that the customer is not within the target market set out in Section 2;
Record a customer’s express confirmation that they understand and agree to our terms and conditions, including our Privacy Policy;
Prominently display and provide access to:
- the Combined Financial Services Guide and Product Disclosure Statement;
- banners and alerts as required by us;

Disclose applicable information including disclaimers as required;
Issue the required documentation in a manner that complies with regulation; and
Have a user interface and any related system integrations that have been confirmed to be secure with appropriate security testing and that has been:
1. developed by us; and
2. reviewed and approved by us

Policies must only be issued in person or over the phone where the distribution partners acting on our behalf:

Uses the online application system provided by us; and
Has undertaken and passed the training required by us;
Uses any scripting provided by us, reads out all terms and conditions, and obtains the customer’s express agreement, including their consent to our privacy policy;
Provides relevant factual information regarding the travel insurance product that is complete and correct.

General advice may only be provided by a representative acting on our behalf where they are appropriately qualified and expressly authorised by us to do so.

All marketing and advertising related to the product(s) described in this TMD must adhere to any guidelines provided by us, and not be directed towards customers who are outside of the target market set out in Section 2.

3.3 Impact of distribution conditions and restrictions

The distribution channels and conditions described in Section 3.1 and 3.2 are designed to ensure this insurance is directed towards the target market, meaning it is likely that consumers who purchase this insurance are in the target market set out in Section 2.

4. Record keeping and reporting information

Information reported to us is used to help us determine if this TMD is no longer appropriate.

Reporting Periods

Our distribution partners must keep a record of and notify us in writing within 24 hours of becoming aware of the following:

details of any complaints regarding the insurance;
distribution of the insurance outside of their active agreement with us;
any dealings not consistent with this TMD such as if this insurance is issued to a traveller who is not eligible for cover.

The number and nature of complaints will be reviewed on a quarterly basis to analyse whether this product, including how it is distributed, continues to meet the objectives, financial situation and needs of the target market.

5. Reviewing Target Market Determinations

We will conduct an initial review of this TMD within 24 months after it has been published. Subsequent reviews are to be conducted every 24 months after the initial review has been completed.

Outside of the specified review period, other circumstances which may trigger a review of this TMD include:

if the objectives of the target market change such that the key attributes no longer meet the target market’s needs; or
significant dealings outside of:
- the target market as specified in Section 2;
- the distribution conditions as specified in Section 3; or
if we become aware that the distribution conditions are inadequate; or
there is a significant change in product performance; or
the value changes significantly to the detriment of consumers; or
significant increases in complaints and severity of claims; or
updates to the Product Disclosure Statement, our risk appetite or relevant legislation; or
feedback from regulators, distribution partners or customers suggests this TMD requires amendment or is not fit for purpose; or
significant changes in a distribution partner’s business structure or client base.

If one of the above events reasonably suggests to us that the TMD is no longer appropriate, we will review this TMD within 10 business days.

6. Products this TMD applies to

COTA International Travel Insurance

In this document, “we/our/us” means nib Travel Services (Australia) Pty Limited ABN 81 115 932 173 AFSL No 308461, who deal with you as an agent of the insurer, Pacific International Insurance Pty Ltd ABN 83 169 311 193, AFSL No 523921.

1. About this document

2. Target Market for this insurance

Comprehensive Plan – This plan offers the most comprehensive level of single trip cover and provides higher benefit limits when compared to the other single trip plans in this TMD.

Essentials Plan – This plan provides single trip cover for fewer events and has lower benefit limits compared to the Comprehensive plan.

Annual Multi Trip Plan - This plan provides cover for multiple trips within a 12 month period.

3. Distribution of this insurance

3.1 Distribution channels

3.2 Distribution conditions

3.3 Impact of distribution conditions and restrictions

4. Record keeping and reporting information

5. Reviewing Target Market Determinations

6. Products this TMD applies to