Policy on developing and distributing retail insurance products
The issuer of RACV Travel Insurance products, Tokio Marine & Nichido Fire Insurance Co., Ltd aims to develop and distribute travel insurance that is suitable for its customers in a more targeted way. Target Market Determinations (TMDs) have been published since 5 October 2021 outlining the intended class of customers that comprise the target market for the travel insurance products along with matters relevant to the distribution and review of these products.
A document sent to you after you purchase your insurance policy. It outlines details of your cover, such as the policy number, when it takes effect, when it expires, limits and the price of your premium.
Product Disclosure Statement (PDS)
A legal document with the terms and conditions of your cover, such as inclusions and exclusions. It should be read alongside your Certificate of Insurance.
Financial Services Guide (FSG)
Explains what insurance products are available and who provides them, so you can decide whether or not to use our services.
Target Market Determination (TMD)
A Target Market Determination is a document which describes the intended class of customers the product is appropriate for (target market), and outlines ways the product can be distributed to customers. It also describes the circumstances where the Target Market Determination may need to be reviewed.
The information provided is general advice only. Before making any decisions please consider your own circumstances and the Product Disclosure Statement and Target Market Determinations. For copies, visit racv.com.au. RACV Travel Insurance issued by Tokio Marine & Nichido Fire Insurance Co., Ltd ABN 80 000 438 291 AFSL 246 548. Terms & conditions apply, refer to the PDS. Royal Automobile Club of Victoria (RACV) Ltd AR 001243563 is an authorised representative of the issuer and receives commission for each policy sold or renewed.