Travel insurance covers loss due to closure of agency

Editor
Today Paper

We refer to your article, "Ananda suspends business, settles refunds", (TODAY, 26 Jul).

Travellers are encouraged to take up travel insurance plans whenever they go overseas to protect themselves against any unpleasant circumstances that might arise as has happened in this case.

People tend to buy travel insurance at the last minute, before departure. We advise that travel insurance should be activated as soon as the deposit is paid, as most comprehensive travel insurance would have a trip cancellation benefit. The premium is the same regardless of when the purchase was made.

This benefit covers the non-refundable portion of all travel costs prepaid in advance should the trip be cancelled due to circumstances stated in the policy terms. For example, serious illness or injury sustained by the traveler or his family members or bankruptcy or insolvency of the travel agent or airline.

NTUC Income's travel insurance covers up to as much as $10,000 for trip cancellation. To provide better peace of mind for policyholders, our affordable yet comprehensive travel insurance plans also cover terrorism and natural disasters such as earthquakes, tsunami and floods. Cover can be activated immediately with simple phone call to our hotline at 96INCOME (9646 2663).

Regular travelers, including those who make frequent trips to Johore and Batam, may also find it more economical to take up annual plans.

More information can be obtained from our website, www.income.coop/insurance/travel.

Freddy Neo
General Manager