Travel Insurance is now mandatory

Its CONFIRMED !

I heard this issue in the news on ERA this morning. Here is the article from The Star online. I do hope that this move will benefit travelers worldwide.

Just be sure that you know what benefits that the travel insurance policy will provide you on your journey.

Insurance for travellers now

KUALA LUMPUR: It is now mandatory for all licensed travel and tour agencies to offer travel insurance for local and outbound travel.

Announcing this, Tourism Minister Datuk Seri Tengku Adnan Tengku Mansor said it was necessary to ensure travellers were protected against unforeseen circumstances such as the Excellence Holidays debacle, which caused 336 travellers to lose RM2.4mil.

“However, travellers will have the right to refuse such protection,” he said after launching Tahan Insurance Malaysia Bhd’s Basic Travel Protection Plan yesterday.

As for how this would be implemented, Tengku Adnan said it was the ministry that provided the licences for tour and travel agents to operate.

“We will tell them that they have to offer such insurance when existing agents come to renew licences or when new companies apply for licences.

“They must offer it and it is left to the customer to purchase or not. But they must explain that it is available.”

Tengku Adnan said the Basic Travel Protection Plan, which had been endorsed by the ministry, provided tour fare protection of up to RM10,000, apart from basic medical, repatriation, accidental death, permanent disablement and personal liability coverage.

Tour fare protection covers the traveller against cancellations and the travel or tour agency closing as a result of financial collapse or default.

The premium is RM15 per person (local and outbound) and the plan also covers inbound travellers at US$15 per person (RM51).

So far, 24 travel agencies have signed up to offer the insurance.

The plan will be managed by Pempena Sdn Bhd, which is fully owned by the Tourism Ministry, and Timeless Vacation Sdn Bhd and underwritten by seven insurance companies including Tahan Insurance.

Tengku Adnan also urged consumers to exercise discretion when buying tour packages as there were companies which were out to cheat.

Advertisements
Comments
4 Responses to “Travel Insurance is now mandatory”
  1. tdas says:

    I found this information useful.. thx

Trackbacks
Check out what others are saying...
  1. all the ps2 games

    Really nice site you have here. Ive been reading for a while but this post made me want to say 2 thumbs up. Keep up the great work.

  2. geico reviews

    Great Point, Excellent Post, Great Blog



Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: