Best Travel Insurance Comparison in Malaysia 2024

Planning a trip and trying to work out what is covered by travel insurance and what’s likely to be excluded? Or maybe you’re looking for a comparison of travel insurance providers for local and international trips. You’re in the right place.

Travel insurance is essential for peace of mind and protection when travelling - particularly when you take an overseas trip. International travel insurance can cover changes to your plans, lost luggage, medical costs, and accidental death or disablement. All pretty important things to think about when you’re away from home. Join us on our best travel insurance Malaysia review, as we look at how a few popular providers measure up.

And as a bonus we’ll also touch on how you can save money abroad with the Wise card.

Table of contents
What is covered by travel insurance? What to look out for when choosing your travel insurance MSIG Etiqa MHInsure Generali Allianz Chubb Tokio Marine Great Eastern AIG Spend ringgit abroad without hidden fees with the Wise card

What is covered by travel insurance?

Travel insurance policies can vary significantly, depending on the specific package and provider you select. Some options have relatively basic cover, but lower fees - while others can offer add on protections and higher claim limits, usually with premium prices too. Different insurance policies suit different customers needs - so it’s important to compare a few policies to find one you’re comfortable with.

Look out for cover including:

• Accidental death and disablement
• Medical expenses including emergency hospital admission
• Medical repatriation and ongoing care
• Covid 19 protections
• Loss of luggage or documents
• Delays in your trip
• Cancellation of plans
• Missed connections when travelling
• Sports and adventure activity cover
• Emergency dental care

What usually isn’t covered by travel insurance?

All insurance policies will also have exclusions - things which aren’t covered by the policy. Again, these can vary between providers. However, you’ll usually find things which are not covered by travel insurance include:

• Working while you’re away
• Self inflicted injuries
• Extreme and competitive sports
• Any previously diagnosed and treated conditions
• Chronic conditions
• Illegal activities
• Acts of God, terrorism and war

Because policy cover and exclusions can vary pretty widely, it’s essential to make sure you’ve read through the terms of your package very carefully. If you’re forced to make a claim and discover the issue you’re claiming for isn’t covered, you’ll end up out of pocket. Particularly in the case of medical care, this can end up being a very expensive oversight.

What to look out for when choosing your travel insurance

Comparing a few travel insurance providers will help you find the best policy for your needs. Different companies structure their cover and their fees quite differently, including offering single trip, annual or domestic only policies. You can also find Shariah compliant policies, with different levels of cover usually coming with their own features and fees.

You’ll need to read through the conditions and cover for any policy you’re interested in, before deciding. Check out things including:

• Are all the activities you plan to do covered - some common holiday activities like scuba diving may be excluded
• What’s the level of cover if you have an accident or fall ill - and will the policy cover getting you back home in an emergency?
• How do the fees and cover vary based on different destinations and lengths of policy - annual plans may cost more, but often have more features too
• What happens if your plans are cancelled, changed or delayed?
• Does the provider offer covid 19 cover or is this an exclusion?
• How easy is it to make a claim should you need to do so?

Comparison of best travel insurance providers in Malaysia

Before we start to look at popular insurance companies in Malaysia one by one, let’s get an overview of some of the key features in some of the most popular travel insurance plans offered by each provider. We’ll look at the following:

• MSIG travel insurance Malaysia¹
• Etiqa travel insurance Malaysia²
• MHInsure (Malaysia Airlines travel insurance)³
• Generali travel insurance Malaysia⁴
• Allianz travel insurance⁵
• Chubb travel insurance Malaysia⁶
• Tokio Marine travel insurance Malaysia⁷
• Great Eastern travel insurance Malaysia⁸
• AIG travel insurance Malaysia⁹

Don’t forget that there are often other plans available from insurance companies, which may better suit your needs. To keep the comparisons fair, we’ve used the provider’s standard, or basic advertised plan which covers international travel. Before you buy your travel insurance, read through all the policy documents and terms and conditions carefully, including how to make a claim should you ever need to.

Provider	Accidental death cover	Medical expenses	Travel cancellation or curtailment	Other features
MSIG (Plan 1)	62,500 MYR - 250,000 MYR	300,000 MYR	Maximum claim 18,000 MYR	Lost luggage, luggage delays, add ons for covid or alternative travel requirements
Etiqa (International Silver)	40,000 MYR - 100,000 MYR	100,000 MYR	Not covered	Lost luggage and luggage delays are covered on Silver - upgrade for more features
MHInsure (International)	12,500 MYR - 300,000 MYR	250,000 MYR - 1 million MYR	Up to trip value	Domestic policies also available; Travel delay, rerouting or overbooking payments offered
Generali (Classic Play)	100,000 MYR	50,000 MYR	Not covered	Classic plan doesn’t cover travel inconvenience - upgrade for more features
Allianz (Travel Easy)	200,000 MYR	200,000 MYR	Cancellation to 25,000 MYR	Add ons available for higher risk or adventurous activities
Chubb (International Executive)	75,000 MYR - 300,000 MYR	100,000 MYR - 800,000 MYR	50,000 MYR	You can also add a cruise package, covid supplementary cover, golf cover and more
Tokio Marine (P325)	75,000 MYR - 325,000 MYR	750,000 MYR	25,000 MYR	Other cover includes delays and missed connection or departure, travel overbooked and agent insolvency
Great Eastern (Travel for More A)	25,000 MYR - 100,000 MYR	25,000 MYR - 50,000 MYR	5,000 MYR	Great Voyager plan available which has lower cover and premiums
AIG (Standard)	400,000 MYR	1,000,000 MYR	Maximum claim 10,000 MYR	Lost luggage, luggage delays, baggage damage, fradulent use of credit card

MSIG travel insurance Malaysia

Part of Japanese general insurance group the MSIG Group, MSIG Malaysia offers the Travel Right Plus plans on 3 different tiers which have their own levels of cover, and their own fees. We’ve included the basic Plan 1 above in our comparison - but you can also upgrade to a Plan 2 or Plan 3 package which includes higher levels of cover, and which can mean you get more features too.

Accidental death cover up to 500,000 MYR depending on the policy and the situation Emergency evacuation cover up to 1 million MYR Travel cancellation or curtailment cover up to a maximum claim of 50,000 MYR

Etiqa travel insurance Malaysia

Etiqa has a few different policy options, including Shariah compliant cover for local and international travel. Packages available for domestic use, or international on Silver, Gold and Platinum basis. It’s useful to note that some coverage - such as accidental death cover - can vary based on whether the person involved is an adult or a child. Adventure activities can be covered for an extra fee.

Accidental death cover up to 500,000 MYR depending on the policy and the situation Emergency evacuation cover up to 1.5 million MYR Travel cancellation or curtailment cover up to a maximum claim of 50,000 MYR

MHInsure (Malaysia Airlines travel insurance)

MHInsure is travel insurance which is provided by Malaysia Airlines in partnership with Cover-More and Etiqa General Insurance Berhad. MHInsure travel insurance and travel takaful options cover up to 42 different types of issue or claim, and are available on a single trip or annual plan basis, for domestic travel, or internationally. The plans available aren’t as complicated as some of the providers in Malaysia, but still give good flexibility to pick the features that matter to you.

Accidental death cover up to 300,000 MYR depending on individual covered Emergency evacuation cover is unlimited Travel cancellation or curtailment cover up to trip value

Generali travel insurance Malaysia

Generali travel insurance has 2 different categories - VIP and Classic, and can also be for domestic only or for international use. The VIP insurance is for both medical and emergency use, as well as travel inconvenience, while the Classic Plan - which we’ve featured in the table above - has lower limits, and a focus on emergency and medical support only. You can upgrade to VIP for more support.

Accidental death cover up to 300,000 MYR depending on the policy Emergency evacuation cover unlimited Travel cancellation or curtailment not on Classic plans but you can upgrade to VIP for cover up to a maximum claim of 20,000 MYR

Allianz travel insurance

European financial services group Allianz is based in Germany, but operates around the world with a good selection of insurance products for different customer needs.

Here in Malaysia, Allianz offers packages which have different levels of coverage - Allianz travel care travel insurance, and Allianz travel easy travel insurance. Both are available on an annual plan or a single trip basis.

Accidental death cover up to 500,000 MYR depending on the policy Emergency evacuation cover to 10 million MYR depending on the policy Travel cancellation cover up to a maximum claim of 25,000 MYR - travel curtailment is not mentioned in policy overview documents

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Chubb travel insurance Malaysia

Chubb offers International First or Executive packages, as well as Domestic First or Executive policy cover. The cover levels and premiums vary quite a lot between package which means you can choose the one which suits you best. Cover is also varied based on the specific individual being covered and the claim type.

Accidental death cover to 325,000 MYR depending on the policy and the individual covered Emergency evacuation cover is unlimited for international policy holders Travel cancellation or curtailment can be reimbursed to your full trip cost, if you pick a higher tier international package

Tokio Marine travel insurance Malaysia

Tokio Marine operates across many countries in the region, plus the US, UK and Australia. There are plenty of different policy types to choose from depending on where you’re travelling to and the cover levels you want. The most popular plans for international travel are P325 and P500 - the P325 plan that we feature in the comparison table has slightly lower reimbursement levels compared to P500, but is still reasonably comprehensive.

Accidental death cover to 500,000 MYR depending on the individual covered Emergency evacuation cover is unlimited for P500 international policy holders Travel cancellation or curtailment can be reimbursed to your full trip cost, if you pick a P500 international package

Great Eastern travel insurance Malaysia

Great Eastern Malaysia has 2 core products - Travel for More and Great Voyager policies. Within each you can also opt for domestic only cover, or international packages. There are also variable different tiers of cover so you can choose the exact one that suits you.

Accidental death cover to 300,000 MYR depending on the individual covered Emergency evacuation cover is up to 1 million MYR - but limits may vary based on the insured person Travel cancellation or curtailment up to 20,000 MYR on Travel for More packages

AIG travel insurance Malaysia

AIG is a major global business offering a broad range of financial services, across Malaysia and beyond.

AIG travel insurance is available across different tiers: Domestic, Starter, Basic, Standard, and Deluxe. It’s helpful to know that the Domestic and Starter packages are quite limited and aimed at budget travellers. Depending on the plan you pick you may get much more comprehensive cover, and extras like cover for fraudulent use of your credit card or car rental expenses.

Accidental death cover to 400,000 MYR depending on the policy Emergency evacuation cover is up to 20 million MYR Travel cancellation or curtailment up to 15,000 MYR on the Deluxe packages

Travelling somewhere? Spend ringgit abroad without hidden fees with the Wise card!

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Pricing/fees: Please see Terms of Use for your region or visit Wise Fees & Pricing for the most up to date pricing and fee information

Travel insurance for foreigners in Malaysia

If you’re a foreigner in Malaysia, you’ll want to check the terms and conditions before you buy any travel insurance policy. The providers we profiled above are major local, regional and international companies, which usually provide policies for Malaysian citizens and permanent residents, as well as foreigners legally residing in Malaysia with proper legal status. However, exactly which policies you can apply for might depend on the type of visa or pass you hold.

Most Malaysian travel insurance providers note on their policies who is eligible, but if you can’t find the information you need you can always reach out to the provider directly.

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Summary

So there you have it - our full roundup of some of the best Malaysian travel insurance providers, and how some of their most popular policies line up side by side.

With so many different options out there, the trickiest thing is likely to be finding the perfect match for your needs. Use our guide as a starting point to research your options, and don’t forget to check out the Wise account and card as another travel essential you can’t afford to be without.

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Sources:

1. MSIG Travel Insurance Malaysia
2. Etiqa Travel Insurance Malaysia
3. MHInsure
4. Generali travel insurance Malaysia
5. Allianz travel insurance Malaysia
6. Chubb travel insurance Malaysia
7. Tokio Marine travel insurance Malaysia
8. Great Eastern Travel Insurance Malaysia
9. AIG Travel Insurance Malaysia