Kidnap and Extortion

Kidnap, ransom and extortion are a very real and growing threat. As many as 12 500 kidnaps are reported each sia and Asia, with the average ransom payment doubling in the last four years and some payment demands exceeding US$50 million. Whilst the most vulnerable individuals have a high net worth, many victims include those with high profiles and extensive global travel.

Family Kidnap and Extortion Insurance not only protects against financial loss but also provides the services of NYA International, leading crisis management and security consultants, to manage incidents on the policyholder's behalf.
Coverage Back To Top
  • Kidnap/Alleged Kidnap - A seizure or detention of an insured person for the purpose of demanding ransom monies
  • Extortion - Payment demands following a threat to injure, kill, or kidnap an insured person
  • Wrongful detention - Involuntary confinement by a government entity or insurgent organisation
  • Hijack - Illegal holding under duress of an insured person while travelling on any aircraft, motor vehicle or waterborne vessel
 
Cover Includes Back To Top

Death or dismemberment benefits arising from a covered incident

Ransom/extortion payment

Loss in-transit of payment

24-hour emergency response help line

Related expenses: consultants, personal financial loss, medical costs, rest and rehabilitation, travel and accommodation, loan interest, reward, interpreter, forensic analysis, other reasonable and necessary expenses

Target Market Back To Top
Any high net worth, high-profile individual

Any families or individuals with extensive global travel
Underwriting Considerations Back To Top

Ability and determining premium, including:

Profile
Employment
Country of residence
Travel patterns
Net worth

Capacity -
US$50 000 000

Deductible -
Nil