Why Should You Buy an Insurance Policy Before Your Trip?

It’s always exciting to wonder about things to do during your holiday. If you’re heading to a beach destination, you can enjoy parasailing, jet skiing or snorkelling. For travellers who prefer the outdoors, you can find adventure in hiking, rock climbing or ATV riding. If a city escapade is up to your alley, walking tours or cycling trips will keep you smiling. Despite the fun possibilities, misfortune can strike too.

Remember that boy who got killed while jet skiing in Batu Ferringhi? How about that time when a group of climbers got injured while ascending Mount Kinabalu? Let’s not forget the tour bus accidents that can happen when you’re travelling to your holiday destination. We can never predict the likelihood of accidents during our holiday. With the right insurance protection, you can minimise the medical or financial impact when it strikes.

Which insurance product do you need for travelling?

Whether you’re flying to Langkawi or exploring London, there are many insurance products that can protect you from harm’s way. Before you board your flight, you may want to consider purchasing one of these products.

1. Life Insurance
We rank life insurance at first place for a reason. Whether you’re travelling or not, the insurance company will pay a sum of money to your loved ones in the event of your untimely demise. Some life insurance also provide compensation if you faced critical illness or permanent disability from an accident. This will benefit your loved ones when worst case scenario happens.

2. Medical and Health Insurance
Designed to protect you from illness or injuries from unfortunate accidents, it covers a range of medical expenses and hospitalization costs. For instance, if you got injured from your skiing trip, this insurance product will cover your medical treatment and hospital bills.

3. General Insurance
There’s more to general insurance than just motor or house-owner insurance. The one you should be looking for is travel insurance. Specifically tailored for travellers on the go, it covers the monetary loss from flight cancellation or delays, luggage damages and medical emergencies when you travel.

4. Personal Accident Insurance
It is summarised as a basic protection that provides payouts when you’re involved in an accident. Despite the level of protection it presents, this product is affordable. It can also be purchased within a few clicks. One thing to watch out though it that there may be insurance companies that exclude activities such as diving and outdoor sports. Don’t worry, there are specialised plans out there for this coverage. Ask your financial planner about it, so you and your loved ones are adequately protected.

Why should you choose life insurance?

You might think that buying travel insurance or medical card is the obvious choice. Based on costs and benefits however, life insurance supersedes other insurance products. Also known as the Shariah-compliant Takaful, life insurance takes care of your loved ones in the event of your untimely death. If you’re hit with permanent disability, it also eases your family’s financial worries if you lose your job. This is something that travel insurance or medical card can’t provide.

A medical card may be great in providing financial-free access to medical care, but that’s all it does. Their protection is only limited to medical, surgical and hospitalisation costs. The same goes to travel insurance that only protects you when you’re on a holiday. In the event of serious injury or a regrettable loss, your loved ones will have to bear the costs including repatriation which in cases is covered by life insurance.

Our final say

Despite the importance of protecting yourself from unfortunate events, there are many travellers who forego life insurance before they travel. Believe it or not, having a life insurance can provide more than a financial relief. It provides you and your loved ones with a peace of mind if any unfortunate incidents happened. Before it strikes, it’s best to purchase a life insurance sooner than later. Head over to GoInsurans and we’ll connect you to trusted Insurance or Takaful Insurance agents near you. You can select and link to agents from your preferred insurance company in Malaysia.

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