News & Offers

Jatco – Visit us at our new Branch office in Attard!
By Roberta Saglimbene
  • 12 Oct 17
  • 0 Comments
  • News
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Jatco Insurance Brokers PCC Ltd
Branch Office now open at 40b, Mosta Road Attard (opposite the school, next to HSBC)
For all your insurance needs!
Home,Life,Boat,Travel, Business, Commercial,Motor, Marine Cargo and health.
Call us on 2702 4279 or 9947 4474 or via email on jonathan.schembri@jatcoinsurance.com.
Regulated by the Malta Financial Services Authority (C9233).

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Banif VISA Card Travel Insurance – Frequently Asked Questions…
By Jatco Insurance
  • 10 Jul 17
  • 0 Comments
  • News
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Jatco Insurance Brokers PCC Ltd are the brokers for Banif Bank (Malta) plc Credit Card Insurance.  If you are a Banif Credit Cardholder please have a look at the below Frequently Asked Questions by Banif Credit Cardholders.

Kindly note that the Banif Travel Policy Wording is updated as from the 1st May 2017.  For full details please refer to attached Wording.

Travel & Purchase Protection Insurance- May 2017

1.     Do I need to pay for both airline ticket and accommodation with my credit card from Banif?

Yes, you need to pay for some or all your travel arrangements (deposit, flight or accommodation only) with your Banif Credit Card in order to be covered as per terms and conditions of the policy.

2.     I am 70 years old, am I covered for travel insurance?

Cardholders over 70 are not covered for any medical expenses or other medical related claims such as cancellation due to medical reasons.  However, they will be covered under the other sections of the policy as per policy wordings.

Notwithstanding they can contact Jatco Insurance Brokers PCC Ltd directly, and upon identifying themselves as credit cardholders from Banif, they will be granted a 10% discount on their quote.

3.     Will I benefit from free Travel Insurance when I pay for my trip with my Debit Card from Banif Bank?

No.  This insurance relates only to the Classic Credit Card and the Gold Card issued by Banif.

4.     How much is the policy Excess?

Gold Card Classic Card
Medical & Emergency expenses € 60 € 150
Cancellation & Curtailment € 60 € 100
Baggage € 15 € 15
Money € 60 € 60
Personal Liability € 60 € 275
Missed Departure € 25 € 50

 

5.     Does the policy cover for winter sports?

No, this policy does not cover winter sports, however it can be modified to include it. Please call us on 21332475 or contact us info@jatcoinsurance.com for a free quote.

6.     Who is covered under the Banif Travel Policy?

The Travel Policy covers the cardholder and/or the cardholders’ dependants deemed to be spouse, partner (if co-habiting for more than 6 months), children up to the age of 18, or 23, if in full-time education, whilst on a covered trip to whom the benefits under this Cover shall apply.

7.     If my child or partner will be travelling on their own and I pay for the travel arrangements using my credit card, would they still be covered with travel insurance?

Yes, subject to terms and conditions stated in question 2 above and the terms and conditions of the policy.

8.     What is the limit insured per item?

The single item limit under the policy is €250 for Classic Credit Card and €350 for Gold Credit Card holders. Both are subject to a €15 excess and terms and conditions apply.

9.     May the policy be extended for a period longer than 90 days?

Yes it may be extended for a further 9 months – in total 365 days. Please call us on 21332475 or contact us on info@jatcoinsurance.com for a free quote.

10.    When does the credit card purchase protection commence for goods purchased online?

No cover is in force prior to the delivery and personal acceptance, by the covered person or other designated person, of a consumer product in perfect condition

In case of any further queries kindly contact our office on 00356 21324875

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Banif VISA Card Travel Insurance… how do I claim?
By Jatco Insurance
  • 29 Apr 16
  • 0 Comments
  • News
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Jatco Insurance Brokers PCC Ltd are the brokers for Banif Bank (Malta) plc Credit Card Insurance.

Kindly note that the Banif Travel Policy Wording is updated as from the 1st May 2016.  For full details please refer to attached Wording further below.

In order to be able to open a claim, Jatco Insurance Brokers PCC Ltd will require the following:

(more…)

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Jatco building its Cell Business
By Roberta Saglimbene
  • 9 Nov 15
  • 0 Comments
  • News
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In September 2013 Malta based Jatco Insurance Brokers PCC Limited announced that it had been granted a licence to operate as an intermediary PCC.

“In line with the company philosophy of always being at the forefront of the changing insurance scenario and of the company’s involvement in the wider international spectrum the directors felt that converting to a PCC was the natural process in this development,” stated the company.

Jatco said that with the new structure the company would be able to offer its international clients the following advantages from Malta:

  • Ability to intermediate policies directly into the European Union (EU) and European Economic Area;
  • Regulation to EU standards;
  • Access to the insurance, legal and accounting expertise available within Malta’s highly trained professional workforce;
  • Tax efficiency plus Malta’s double taxation tax treaties with more than 60 countries.

The next move was the creation of an alliance with Lex Risk Solutions and the subsequent formation of Lex Risk Solutions Cell, a segregated portfolio company operating as a protected cell of Jatco.  Lex Risk Solutions is a risk management and insurance consulting firm based in London, Dublin and now Malta.  On the corporate side, Lex offers forensic auditing of insurance contracts and risk portfolios that are held by corporations and other large commercial enterprises.  Lex Risk Solutions Cell was the first insurance broking protected cell structure to be approved by the MFSA.  Jatco explains: “Lex Risk Solutions Cell utilises the complementary benefits of Jatco’s network, which in turn allows Lex to both broaden its operations and offer its existing clients an increased diversity of cost options within the global insurance marketplace and its most highly rated underwriters.”

Jatco’s second protected cell to be licensed was Oxford International Financial Management Cell.  The cell was licensed in January 2014 by the MFSA as a protected cell of Jatco Insurance Brokers PCC.  This Cell is owned by Oxford International Financial Holdings, which is managed by Matthew D’Emanuele. The cell was created to provide insurance broking and risk management services in both life and general insurance lines of business to companies and expatriate individuals operating in Malta and in the EU. “The principle strategy of the cell is to leverage on the benefits provided by the broker PCC structure in order to provide a more cost-effective service to clients. This is supplemented with the added benefit of passporting throughout the EU member states,” explains Jatco.

This year, the MFSA approved the creation of Northern Light Insurance Cell as the third cell of Jatco Insurance Brokers PCC. Northern Light Insurance Cell was launched to offer clients a choice of life insurance products that will be available in both the Maltese and European markets. The cell focuses primarily on high net worth individuals. The Cell offers its customers life insurance cover in the form of a ‘Portfolio Bond’. The Portfolio Bond is a unitlinked, whole-of-life insurance policy that provides a straightforward and effective way to hold a wide choice of investments in one manageable portfolio structure, explains Jatco.  The assets of the Portfolio Bond are held within a fund that is linked to an international insurance policy owned by the client. “The Portfolio Bond is designed to provide the flexibility and diversity required which enables the client and professional adviser to construct a Portfolio Bond that meets specific financial needs without restricting asset selection,” explains Jatco.

Posted on Commercial Risk Europe – Malta Risk & Insurance Report 2015

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John Tortell to form part of the GBN Worldwide Business Development Committee
By Roberta Saglimbene
  • 13 Apr 15
  • 0 Comments
  • News
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We are pleased to announce that Mr John Tortell, Managing Director of Jatco Insurance Brokers PCC Ltd, has been nominated to form part of the Business Development Committee for GBN Worldwide.  GBN is an interconnected global insurance network made up of independent insurance, reinsurance, human capital, and risk management organisations from around the world. The mission of GBN is to provide insurance and risk management solutions to GBN clients around the world, enabling GBN partners and clients to transact the business of risk anytime, anywhere, and in every language.

John Tortell, has been selected as a Business Development Committee Member, together with 3 other members from Europe, 2 other members from North America and 3 other members from Asia Pacific.  The Committee will be Chaired by Chairman, Mr Jamil Bahou.

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