It’s not typically something you consider when making travel or insurance plans, but as we’ve seen with the coronavirus, coverage for pandemic-related health protection could be something to consider when getting travel insurance. Although few insurance providers offer specific coverage over epidemics and pandemics, hospitalisation coverage would provide protection if you were hospitalised for an infectious disease.
Depending on the chosen coverage, you may be able to claim pre-, during, and post-hospitalisation costs, as well as death benefits due to certain causes of death such as lung failure. The details are subjected to the policy, so consult your trusted insurance provider on the terms of your policy, and if you feel it’s insufficient, consider buying more coverage.
The travel industry has been one of the hardest hit by the outbreak. Let’s support local and travel as safely as we can.
This article is brought to you by CIMB as part of our ongoing efforts to raise the level of financial literacy among Malaysians. Financial knowledge and understanding are key to making well-informed and meaningful financial decisions that will improve all our well-being. This, in turn, achieves CIMB’s purpose of advancing customers and society.
Source:
* https://www.nst.com.my/news/nation/2020/06/598714/rmco-interstate-travel-allowed-overseas-travel-not-yet
**https://www.malaymail.com/news/malaysia/2020/02/27/2020-stimulus-malaysians-to-get-rm1000-tax-relief-rm100-digital-vouchers-fo/1841537
