Manulife’s new Premium Protection Plan offers trip cancellation, trip interruption, emergency medical, baggage loss and delay, and accident insurance.

The insurer launched its simplified travel insurance product, and it is available to Canadians who have valid government health insurance coverage, are age 69 or younger, and want to insure a trip valued at a maximum of $30,000. The coverage is limited to those who are travelling for 23 days or less and it must be purchased within 72 hours of booking the trip.

Manulife says it has done away with a number of limitations and trimmed down 24 definitions that usually restrict coverage.

“We have reduced the policy to 14 pages from over 40 and eliminated 37 exclusions while providing more coverage,” says Robert Iafrate, Assistant Vice President of Travel Insurance at Manulife. “Our goal was to create a simple product that makes it easy for Canadians to understand their coverage.”

The product is underwritten by The Manufacturers Life Insurance Company with portions underwritten by the insurer’s wholly-owned subsidiary, First North American Insurance Company.