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Want the secret to unlocking a worry-free holiday? The answer is good travel insurance.


Travel insurance provides financial protection against unforeseen events that can happen during your travels, such as long flight delays, lost luggage or passport, and medical emergencies.


Here are three questions to consider when choosing the best policy for your next trip:

Do You Currently Have Insurance/Travel Credit Card?


If you have an existing personal accident insurance or a travel credit card (or both), then be sure to check these first.


Some travel credit cards provide travel insurance coverage, which can include travel inconvenience benefits such as loss of baggage or flight delays. Your personal insurance policy may offer some amount of travel protection too, which could be in the form of hospitalisation or medical claims. 


If you have all the coverage you need via existing policies, then great! If you find that you need more protection, however, then you can simply purchase basic travel insurance that covers only what you need. 

What Type of Trip Are You Planning? 

Will you be travelling in a group, with a partner, or flying solo? Family travel insurance offers the benefit of lower premiums, with coverage shared among family members. However, policy options can be limited compared to more customisable individual plans.


Multi-trip or single-trip? If you travel frequently, an annual travel insurance plan rather than one-off coverage may be more cost-effective and convenient for trip planning**.

What Type of Coverage Do You Need?


Your trip itinerary matters. If you’re planning to engage in extreme sports during your trip, you can consider getting extra protection for living on the edge. 


Perhaps you want to find a travel insurance that offers coverage for flu-related medical emergencies, such as monetary claims or compensations for hospitalisation.   


Your location also matters. If the crime rate is high at your destination, get coverage for theft of personal belongings, including travel documents.


The weather could also play a part in choosing the right travel insurance. For instance, certain weather conditions could result in delayed or cancelled flights. In such a case, having insurance that covers flight delays and missed connections due to weather-related events could save you from unexpected expenses.



A lot of consideration goes into getting the right travel insurance, but the effort spent is a fraction of your trip’s cost by mitigating unnecessary expenses and hassle.


Travel safe, travel smart!


This article is for informational purposes only and CIMB does not make any representation and warranty as to the accuracy, completeness and fairness of any information contained in this article. As this article is general in nature, it is not intended to address the circumstances of any particular individual or entity. You are advised to consult a financial advisor or investment professional before making any decisions based on the information contained in this article. CIMB assumes no liability for any consequences arising from your reliance on the information presented here.