Cambodia Relaxes Travel Restrictions for Business Travellers with COVID-19 Insurance

Strategic Insights -

Cambodia has eased travel restrictions for certified business-travellers by introducing a COVID-19 insurance policy and waiving quarantines for those with approved policies. Ten insurance companies are now licensed to sell the policy to foreigners entering the country. The insurance policy, underwritten by the COVID-19 Insurance Consortium and managed by Forte Insurance (Cambodia) Plc, covers illness related to COVID-19, with a policy limit of $50,000 per period of insurance.

Key Takeaways:

  • The COVID-19 insurance policy is available to certified business-travellers entering Cambodia, with a policy limit of $50,000 per period of insurance.
  • The policy will be underwritten by the COVID-19 Insurance Consortium and managed by Forte Insurance (Cambodia) Plc.
  • The insurance policy will cover 90 days of hospital stay, 14 days of intensive care, and four COVID-19 tests, with a premium of $90 per application.
  • The application process for sponsorship or guarantee for business travellers is now online, with an approval letter and QR Code issued by the government.
  • A government-certified COVID-19 negative test is required 72 hours prior to departure for all travellers.
  • The sponsor of the business traveller is responsible for all expenses, including hotel costs, medical examination fees, and local transportation costs during the quarantine period.
  • The traveller will be required to deposit $2,000 upon arrival at one of the international airports in Cambodia, which will cover hotel accommodation costs and other expenses.

Statistics:

  • The policy limit per period of insurance is $50,000, covering only illness related to COVID-19.
  • The premium for the COVID-19 insurance policy is $90 per application.
  • The insurance policy covers 90 days of hospital stay, 14 days of intensive care, and four COVID-19 tests.
  • The sponsor of the business traveller is responsible for the first $2,000 of expenses, including hotel costs, medical examination fees, and local transportation costs.
  • The deposit of $2,000 will cover hotel accommodation costs while waiting for the initial COVID-19 test, as well as other expenses.

Sources:

  • Youk Chamroeunrith, managing director of Forte Insurance and head of the COVID-19 Insurance Consortium, quoting the Ministry of Economy and Finance.
  • Meas Sok Sensan, spokesman of the Ministry of Economy and Finance.
  • The Ministry of Economy and Finance, Royal Cambodian embassies or consulates, Rovernmance's Business Registration Website.