Ultimate Guide for Travel Insurance
Whether you are travelling for leisure or business, overseas trips are meant to be fun and enjoyable for everyone. Such as unforeseen circumstances flight cancellations, accidental injuries, personal liability and loss of personal belongings can be resulting in additional financial losses. Hence it is important to safeguard against them when travelling oversea. So, let’s go through and understand how travel insurance can help you enjoy and have a worry-free holiday.
What is travel insurance & why it is so important?
Travel Insurance provides coverage for people travelling abroad (including within Malaysia) in the event of bodily injury, disability, or death caused solely by violent, accidental, external, and visible means during the trip. By having travel insurance, you are essentially protecting yourself against travel risks such as lost or stolen luggage, cancellation cover (should you not be able to travel due to unexpected medical reasons) and most importantly, unexpected medical costs abroad.What are the types of travel insurance?
Travel insurance can be divided into 3 types:
Single Trip Plan (Individual/Group):
A short term policy covering a specific trip and date, it generally commencing from and returning to Malaysia.
Annual Plan:
A policy issued for a one-year period covering trips commencing from and returning to Malaysia. Annual plan covers unlimited number of trips within the commencement date.
Family Plan:
A policy covering the policyholder and his immediate family (Spouse/Children). Child/Children must be aged between 30 days and 18 years old or up 23 years old for those registered as full time student.
What Does Travel Insurance Cover? What is the Travel Insurance Coverage Malaysia?
Travel insurance protects you against financial loss arising from unforeseen scenarios.
Examples of these include (but aren’t limited to):Medical Expenses
Reimburse necessary expenses incurred during accident or sickness.
Personal Accidental Death & Permanent Disablement
Get compensated in the event of injuries or disability or death.
Missed Departure
Cover accommodation and travel expenses incurred in returning to Malaysia due to mechanical breakdown of public transport services to get you to the departure port, airport or train station as stated in your ticket.
Emergency Medical Evacuation & Repatriation
Transporting the Insured Person with a serious medical condition to the nearest hospital or back to Malaysia to continue treatment in the event that the Insured Person is hospitalized abroad.
Follow-up Medical Treatments in Home Country
Follow-up treatment upon return to Malaysia.
Loss / Damage to Luggage and Belongings
Provide coverage on loss of or damage to your personal luggage and personal effects.
Trip Cancellation / Delay / Curtailment
Departure of the scheduled public conveyance is delayed or cancelled from the scheduled time.
Personal Liability
Indemnify you for legal liability to third party due to your negligence.
Where can I buy travel insurance?
Travel insurance can be purchased at any insurance branch and online. Buying SOMPO travel insurance online can be very fast with less than 3 minutes and enjoy an additional 25% discount on the premium.Which is the best travel insurance for me?
All insurance companies have their own benefits and pricing formula. SOMPO travel insurance offers different plans to cater to your travel needs. Elite Plan A is the most popular plan which offers a wide range of benefits for travellers while Elite Plan B is the most affordable plan which offers basic coverage.
In summary, without the proper travel insurance, your holiday could end up costing you a great deal more than you bargained for. So, start protecting your trip with SOMPO travel insurance and travel with peace of mind.