5 Best Travel Insurance Policies For Malaysians
Now that everyone can easily fly, traveling the world becomes immensely popular. Frequent traveling means the chances of accidents and illness happening when we are overseas is higher too. Thankfully, we have an array of travel insurance options with comprehensive benefits at the lowest costs available today. But where do we start? What does a good travel insurance policy look like and how much does it cost? Which company should I choose? If you asked these questions, we’ve got the answers for you.
We at CompareHero have done the work for you and compiled a list of 5 best travel insurance companies of 2019. Although these are some of the best insurance companies, the plan you choose will ultimately depend on what your exact needs are. With that, let’s get started.
AIG’s travel insurance is custom-made for everyone. As such, there are 4 main plans to choose from: Deluxe, Standard, Basic, and Domestic. All four plans contain medical benefits, personal accident benefits, and 24/7 Worldwide Travel Assistance.
The Deluxe is the most complete travel insurance with up to RM1,000, 0000 in coverage for medical benefits and RM 300,000 for personal accident benefits. You also get RM25,000 in coverage for travel cancellation and RM2,100 for travel delay. The price? The Deluxe plan starts at RM80 per person.
Here’s a quick summary of what the 4 AIG travel insurance plans offer:
One plus point of AIG travel insurance is the ability to customise your plan for your duration up to a full year. You can do this when choosing the insurance plan online.
If there’s one company that is synonymous with travel insurance, it’s AXA. Introducing the AXA SmartTravel insurance plan – the comprehensive travel protect for you. General benefits of AXA SmartTravel plan include the following:
- Travel Delay (6 hours or more)
- Emergency Medical Expenses (up to RM300,000)
- Baggage Damage or Delay (up to RM800)
- Trip Cancellation (up to RM20,000)
- Unlimited Emergency Medical Transportation
- Rental Car Excess Cover (up to RM1,000)
As compared to AIG, the AXA SmartTravel insurance is a whole lot cheaper. For example, a SmartTraveller VIP plan that compares to AIG’s Standard plan is just RM39 whereas the AIG planis at RM45. That’s a big difference even with more benefits.
Besides being the cheaper option, AXA’s online personnel are ready to receive your inquiries and questions. Simply use the chat function on the website when selecting a plan and viewing your quote. You can also get your questions answered on the FAQ page and product disclosure sheet.
A new player in the market of travel insurance, Chubb travel insurance specialises in creating a simple solution to your travel coverage. Since 2019, Chubb insurance provides 3 types of travel plans for you to choose from: Chubb First, Chubb Executive, and Chubb Premium. Although a little higher in price than some of the bigger players out there, it is relatively reasonable as you can add on benefits like the following:
- Follow-up Medical Expenses (after your trip)
- Alternative Treatment
- Child Guard (coverage for your child dependent)
- Claim for Golf Hole-In-One (Rm1,000)
- Home Inconvenience Allowance
- Pet Care
You might want to consider these add-ons to your travel insurance package depending on your travel plans.
Etiqa Travel 360
What if I don’t claim anything? What do I get back? The famous Maybank travel insurance of Etiqa has answered that question. Etiqa boasts a long line of travel insurance packages, but you already have an idea what to look out for. Its specialty lies in the Trip 360 and Trip 360 Takaful plans. Both similar in terms of coverage amount (with the exception of Takaful), you get a thorough insurance protection when on the move.
The Travel 360 and Travel 360 Takaful cover the most essential unforeseen circumstances such as baggage delay, medical expenses, loss of valuables, loss of travel documents, and death & permanent disability. However, it also gives you real-time compensation.
Etiqa Travel 360 offers RM100 for a 2-hour flight delay even without you submitting a claim. What’s better, Travel 360 is a cashless plan for medical care when travelling. You can also add on adventurous activities to the list of coverage. As the topping on the cake, Etiqa offers an additional 25% rebate when you apply online. This is one of the plans you want to have.
Allianz Travel Care
You know you can count on a company that specialises in personal accident insurance to cover your travel protection. Allianz’s travel insurance brings a simple yet holistic plan for you to choose. Its direct approach is easy to understand in the Allianz Travel Care plan. A basic plan covers the following:
- Accidental Death & Permanent Disablement Due to Accident
- Medical Expenses
- Emergency Medical Evacuation and Repatriation
- Reimbursement of Deposit or Trip Cancellation
- Loss or Damage to Personal Luggage or Personal Effects
- Loss or Damage to Travel Documents
- Luggage & Travel Delays
You can also add sports insurance to cover dangerous activities.
Applying for Allianz Travel Care is one of the easiest applications, as you can fill it out online. Great for those who have no idea how to apply for travel insurance. Simply get your travel details and input them into the Allianz Travel Care website and you’ll get a sample quote. You can then opt to get a full quote (with additional coverage) or proceed to purchase
Ultimately, there is no one-best-plan for travel insurance. It all depends on what coverage you want and how much premium you are willing to pay. Duration of your trip also is important – if you constantly travel, it’s best to go for the annual plans. Whatever your choice, you can’t go wrong with any of these 5 travel insurance plans above.