When you don’t have travel insurance…it could hurt you right in your pocket as unforeseen events such as accidents and sickness can happen and they do happen.Because if we are uninsured, every dollar in potential medical expenses due to accidents or additional expenses due to travelling inconveniences or personal liability to third parties would have to be paid out of our own pocket.
Some people think that basic medical care in Southeast Asia should be relatively cheap and hence skip the need for travel insurance.
My advice is do not think of the price of the basic healthcare, it’s only cheap for the citizens of each country and the next question to ask ourselves is, what is your definition of basic healthcare?
Please realise that 1) as foreigners, we would be charged higher rates and 2) as Singaporeans, we are used to a high standard of medical care which is often only available in private hospitals overseas. i.e. a few nights in private hospital overseas can get expensive fast, and longer stays in hospitals for accidents related injury can easily run into tens of thousands of dollars.
The good news is: travel insurance is a solution to help reimburse you for potential medical bills in the event of sickness and injury overseas and can cover you for medical necessary medical expenses even when you return to SG. Not only do you gain peace of mind, your family and friends back home would enjoy this peace of mind too.
Besides medical care, travel insurance also covers:
However not all travel insurance polices are the same. You have to read the policy wording carefully, especially the terms and conditions, the exclusions and what can be claimed under various scenarios. For example, not all travel insurance covers dangerous activities such as hot-air ballooning and scuba diving. Not all travel insurance covers FULL terrorism, only a few do. So for your travel insurance needs, please call Claire at 8168 7459 for advice and promotions on travel insurance. finexis works with 22 general insurance firms and we can help you do the homework of comparing various solutions and advise you based on our needs.
A personal story:
Thank you for reading my humble opinion on travel insurance.
Senior Financial Consultant
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