Here are some of the common claims under travel insurance:
* flight delay
* loss of baggage
* medical expenses
If you suffer from food poisoning while on travel, and need to be treated, the cost is covered by the travel policy. The medical bill in Canada, for example, is SGD 300.
The travel policy also covers medical evacuation, caused by an accident. If the injured person needs to be flown back for treatment by air ambulance, the cost could be SGD 100,000 or more. This is covered under a travel policy.
I retired from NTUC Income on 28 February 2007, after heading this cooperative for 30 years. I now run a consultancy company. See www.tankinlian.com. I write this blog to give my views on insurance, investment and financial planning for the benefit of consumers. You can contact me at kinlian@gmail.com.
Monday, June 04, 2007
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