• Maybank Travel Insurance

    Maybank Travel Insurance

    The pleasure that a person experiences when visiting new places is something that cannot be described in words alone. Many people dream about traveling the world while sitting at their desks, working. The thought of seeing the natural beauty of the Himalayas or walking on the Great Wall of China or chilling on the Miami Beach can force anyone to pack their bags.

    Planning an extensive trip is one thing, carrying it out is another. Apart from money, people need safety and security assurance. Taking a travel insurance plan will help them feel protected.

    Maybank is one of the leading banks in the world. It has been providing banking and financial services to people in various parts of the world since its establishment in the year 1960 in Kuala Lumpur, Malaysia. The bank has a wide range of products and services for its customers to choose from. Be it deposits, loans, credit cards or insurance, Maybank has it all.

    In 1960, Maybank commenced business in Singapore with a Qualifying Full Bank (QFB) license. Today, the bank has 22 branches in the country and 35 ATMs (Automated Teller Machines). It is also a part of the atm5 network, which is the shared ATM network in Singapore. Through the ATMs, the bank provides its services to people in over 130 locations of the Island Nation.

    About Maybank Travel Insurance

    Maybank’s Travel Insurance policies provide a comprehensive coverage to its customers. Be it financial loss, luggage loss or medical expenses, the bank’s travel insurance policies cover it all to ensure that people feel safe while traveling.

    Maybank provides two types of travel insurance policies -

    • TravelCare Plus
    • Enhanced EverTravel

    Maybank Travel Insurance Policies

    TravelCare Plus

    Through its TravelCare Plus insurance policy, Maybank provides its customers a 24 hour coverage, which is valid globally. This policy covers an individual’s medical expenses, travel assistance and financial loss which he might incur while he is on a vacation abroad.

    Features and Benefits of TravelCare Plus

    • Maybank's TravelCare Plus insurance policy provides a coverage of maximum S$1,000,000 for Personal liability, up to S$1,000,000 in case of medical emergencies.
    • The insurance policy provides a coverage of up to S$200,000 for problems which are caused due to an act of terrorism
    • By applying for this policy, a person can avail coverage for the following -

      • Accident leading to death or permanent disability
      • Curtailment of the trip
      • Delay in travel
      • Expenditures for medical requirements
      • Cancellation of the trip and deposit loss
      • In case of kidnapping
      • Delay of baggage
      • Medical evacuation and repatriation emergency
      • Terrorism Act
      • Personal effects loss
      • Overbooked flight
      • Advantage of golf
      • Using a fraudulent credit card
      • Personal liability

    Coverage

    The TravelCare Plus is divided into two categories which are -

    • Business
    • Suite

    Plan Type

    Business

    Suite

    Benefits in case of personal accident

    1

    Accident leading to death or permanent disability

     

    For adults who are less than 70 years

    S$300,000

    S$600,000

    For adults who are 70 years and more

    S$100,000

    S$200,000

    For children

    S$100,000

    S$100,000

    2

    Double coverage for public transport

     

    For adults who are less than 70 years

    S$600,000

    S$1,200,000

    For adults 70 years and more

    S$200,000

    S$400,000

    For children

    S$200,000

    S$200,000

    Benefits for medical and travel

    3

    Medical expenditure (overseas)

     

    For adults who are less than 70 years

    S$750,000

    S$1,500,000

    For adults who are 70 years and more

    S$50,000

    S$50,000

    For children

    S$250,000

    S$300,000

    4

    Medical expenditure (Singapore)

     

    For adults who are less than 70 years

    S$35,000

    S$50,000

    For adults who are 70 years and more

    S$7,500

    S$10,000

    For children

    S$10,000

    S$12,500

    5

    Check up by a physician

    S$500

    S$500

    6

    Income from hospital (overseas)

    S$10,000

    S$15,000

    7

    Allowance for hospital (Singapore)

    S$7,500

    S$10,000

    8

    Hospital visits

    S$7,500

    S$10,000

    9

    Compassionate Visitation

    S$10,000

    S$10,000

    10

    Guardian of a child

    S$10,000

    S$10,000

    11

    Emergency charges (telephone)

    S$300

    S$300

    Benefits of Travel assistance

    12

    Medical emergency (evacuation)

    S$1,000,000

    13

    Repatriation

    14

    Direct Repatriation

    Benefits of travel inconvenience

    15

    Cancellation of trip

    S$15,000

    S$20,000

    16

    Cancellation of trip due to insolvency

    S$5,000

    S$10,000

    17

    Curtailment of the travel

    S$15,000

    S$20,000

    18

    Use of fraudulent credit card

    S$1,000

    S$2,000

    19

    For personal baggage which includes laptop

    S$5,000

    S$5,000

    20

    Delay of baggage

    S$3,000

    S$5,000

    21

    Documents required for travel

    S$3,000

    S$5,000

    22

    Delay in travel

    S$3,000

    S$5,000

    23

    Diversion of flights

    S$1,000

    S$1,000

    24

    Overbooked flights

    S$500

    S$1,000

    25

    Misconnected travel

    S$500

    S$1,000

    Benefits of Liability

    26

    Personal liability (overseas)

    S$1,000,000

    S$1,000,000

    Supplementary Benefits

    27

    Advantage of Golf

    S$750

    S$1,000

    28

    Excess of rental vehicle

    S$100

    S$100

    29

    For caring of pet

    S$750

    S$1,500

    30

    In case of hijacking or kidnapping or if you are kept as hostage

    S$10,000

    S$15,000

    31

    Extension of the period of the policy (Automatic)

    Yes

    Yes

    32

    Coverage provided in an event of Terrorism

     

    For adults who are less than 70 years

    S$300,000

    S$600,000

    For adults who are 70 years and more

    S$100,000

    S$200,000

    For children

    S$100,000

    S$100,000

    Premium

    The premium that you have to pay in this insurance can be found in the following table -

    Premium

    Business

    Suite

    Individual

    Family

    Individual

    Family

    If you are traveling to Malaysia or driving there

    Duration of the trip

           

    1 day to 3 days

    S$37

    S$83

    S$43

    S$94

    4 days to 6 days

    S$44

    S$111

    S$52

    S$125

    7 days to 10 days

    S$54

    S$136

    S$63

    S$153

    11 days to 14 days

    S$71

    S$173

    S$82

    S$194

    15 days to 18 days

    S$88

    S$212

    S$103

    S$238

    19 days to 22 days

    S$102

    S$230

    S$119

    S$258

    23 days to 27 days

    S$119

    S$267

    S$138

    S$300

    28 days to 31 days

    S$132

    S$293

    S$153

    S$330

    Per week added

    S$25

    S$51

    S$27

    S$58

    The yearly plan

    S$230

    S$450

    S$310

    S$610

    If you are traveling to Asia

    Duration of the trip

           

    1 day to 3 days

    S$48

    S$103

    S$59

    S$128

    4 days to 6 days

    S$58

    S$138

    S$71

    S$171

    7 days to 10 days

    S$71

    S$169

    S$97

    S$210

    11 days to 14 days

    S$92

    S$214

    S$121

    S$267

    15 days to 18 days

    S$115

    S$263

    S$141

    S$327

    19 days to 22 days

    S$132

    S$285

    S$163

    S$354

    23 days to 27 days

    S$154

    S$331

    S$189

    S$411

    28 days to 31 days

    S$171

    S$364

    S$211

    S$452

    Per week added

    S$32

    S$64

    S$42

    S$75

    The yearly plan

    S$300

    S$590

    S$410

    S$810

    If you are traveling anywhere in the world

    Duration of the trip

           

    1 day to 3 days

    S$64

    S$150

    S$82

    S$178

    4 days to 6 days

    S$77

    S$201

    S$99

    S$238

    7 days to 10 days

    S$94

    S$246

    S$121

    S$291

    11 days to 14 days

    S$122

    S$313

    S$157

    S$371

    15 days to 18 days

    S$153

    S$383

    S$183

    S$454

    19 days to 22 days

    S$177

    S$415

    S$209

    S$493

    23 days to 27 days

    S$205

    S$482

    S$233

    S$572

    28 days to 31 days

    S$228

    S$530

    S$251

    S$629

    Per week added

    S$40

    S$93

    S$51

    S$106

    The yearly plan

    S$400

    S$790

    S$580

    S$1,080

    Enhanced EverTravel

    Through its Enhanced EverTravel insurance policy, Maybank provides an extensive coverage to its customers, which includes medical expenses, assistance during accidents among many others.

    Features and Benefits of Enhanced EverTravel

    • There are three plans under this policy and a person can choose any one of them
    • People who apply for this policy online get an instant approval
    • This insurance policy provides an unlimited coverage for medical emergencies like an evacuation
    • This policy provides a coverage of maximum S$1,000,000 for personal liability and up to S$750,000 for medical and hospital expenditure while travelling to another country
    • The policy has a 24-hour hotline which provides assistance for medical emergencies globally
    • An individual can get up to S$30, 000 for legal expenses incurred and up to S$15,000 in case of cancellation of the journey.
    • The process of application is very simple, fast and free of hassles

    To know more about the benefits and features of Maybank’s travel insurance policies, please contact the bank.

    Coverage

    The Enhanced EverTravel insurance policy is divided into three categories -

    • Classic
    • Deluxe
    • Superior

    Coverage

    Classic

    Deluxe

    Superior

    1

    Medical and dental expenditure (overseas)

    Insured People who are more than 70 years old

    An insured child

    Medicine expenditure limit (Traditional Chinese)

    S$250,000

    S$62,500

    S$50,000

    S$750

    S$500,000

    S$125,000

    S$100,000

    S$750

    S$750,000

    S$187,500

    S$150,000

    S$750

    2

    Medical expenses incurred after journey

    Medicine expenditure limit (Traditional Chinese)

    S$5,000

    S$750

    S$7,500

    S$750

    S$10,000

    S$750

    3

    Benefit of confinement in hospital (overseas)

    For every 24 hours of confinement, the amount is S$200

    S$10,000

    S$20,000

    S$50,000

    4

    ACE Assistance - Emergency Medical Evacuation

    Unlimited

    Unlimited

    Unlimited

    5

    ACE Assistance - Repatriation of Mortal Remains

    S$1,000,000

    Unlimited

    Unlimited

    6

    Hospital visits

    Insured person kept in the hospital for more than 5 days (Overseas)

    S$3,000

    S$6,000

    S$10,000

    7

    Compassionate Visit (Overseas)

    S$3,000

    S$6,000

    S$10,000

    8

    Protector of a child

    If the insured is kept in the hospital abroad and there is no one else to go home with the insured children, then the expenses of the other adult is given who goes back with the children to Singapore

    S$3,000

    S$6,000

    S$10,000

    9

    Emergency charges (telephone)

    S$150

    S$300

    S$500

    10

    Accident leading to death and disability

    If the insured is more than 70 years old

    If the insured is a child

    S$100,000

    S$50,000

    S$25,000

    S$200,000

    S$100,000

    S$50,000

    S$300,000

    S$150,000

    S$75,000

    11

    Accident leading to death and disability (public transport)

    If the insured is more than 70 years old

    If the insured is a child

    S$150,000

    S$75,000

    S$50,000

    S$300,000

    S$150,000

    S$100,000

    S$450,000

    S$200,000

    S$150,000

    12

    Cancellation of the journey

    S$5,000

    S$10,000

    S$15,000

    13

    If the journey is postponed

    S$750

    S$1,000

    S$2,000

    14

    Curtailment of the travel

    S$5,000

    S$10,000

    S$15,000

    15

    Use of fraudulent credit card

    S$500

    S$1,000

    S$1,500

    16

    In case there is a loss or damage caused to baggage and personal property

    S$500 per article or a set of them or S$1,000, if it is a laptop

    S$3,000

    S$5,000

    S$5,000

    17

    Delay of baggage

    S$200 for every six hours

    S$1,200

    S$1,400

    S$1,600

    18

    Travel documents and money (personal)

    S$300, if the same is lost because of theft, violence or threat

    S$2,000

    S$2,500

    S$5,000

    19

    Travel Delay

    S$100 per 6 consecutive hours

    S$1,000

    S$1,200

    S$1,600

    20

    Diversion of flights

    Not Applicable

    S$1,000

    S$100 per

    6 hours

    S$2,000

    S$200 per

    6 hours

    21

    Misconnected travel

    S$200 for every six hours

    S$200

    S$400

    S$600

    22

    In case of hostage or kidnap

    S$100 for every 24 hours

    S$5,000

    S$6,000

    S$10,000

    23

    Public conveyance hijack

    S$100 for every 24 hours

    S$5,000

    S$6,000

    S$10,000

    24

    Personal liability (overseas)

    S$500,000

    S$750,000

    S$1,000,000

    25

    Legal expenditure

    S$10,000

    S$20,000

    S$30,000

    25

    If there is a damage or loss of golf equipments

    S$500 for every article or a set of them

    S$1,000

    S$2,000

    S$3,000

    27

    Hole-In-One

    Hospital expenditure if the insured scores a Hole-In-one

    S$100

    S$500

    S$500

    28

    Fees for unused green

    S$150

    S$500

    S$500

    29

    Coverage for house contents

    Not Applicable

    S$5,000

    S$10,000

    30

    Excess for rental vehicle

    Not Applicable

    S$500

    S$1,000

    31

    Terrorism Extension

    Yes

    Yes

    Yes

    32

    Extension of Policy period (Automatic)

    Up to

    7 days

    Up to

    7 days

    Up to

    7 days

    33

    24 hour Hotline for assistance in case of a medical emergency

    24 hour hotline providing travel advice

    Included

    Included

    Included

    Eligibility for Enhanced EverTravel

    • Anyone who is 18 years and above can apply for Maybank travel insurance policies. For the Enhanced EverTravel insurance policy, the maximum age is 72 years.
    • In Enhanced EverTravel insurance policy, the individual category covers only one person and the family category covers one or two adults and the children.
    • Anyone who is a citizen or a permanent resident of Singapore can apply for this travel insurance policy
    • Foreigners who have a valid employment pass or work permit are also eligible to apply for this policy

    To know more about the eligibility criteria of both the insurance policies, please contact the bank.

    Maybank Travel Insurance Promotion

    Run Time - This offer is available till 27th October,2015.

    Particulars - Get a S$50 Takashimaya voucher free with every purchase of the Enhanced EverTravel insurance policy’s annual plan. This application has to be an online one.

    Terms and Conditions -

    • If a person buys the policy during the promotion period for traveling on a date after the offer ends, he will still enjoy the benefits of the offer
    • Only new applicants will get the offer
    • Only the insured will get the benefit of the offer

    To know more about the offer and its terms and conditions, please contact the bank.

    Frequently Asked Questions (FAQs)

    1. Does the Enhanced EverTravel insurance policy cover travel within Singapore?
    2. The Enhanced EverTravel insurance policy provides coverage only for traveling abroad.

    3. Are the travel insurance policies written by Maybank?
    4. No, the travel insurance policies have not been written by Maybank. The TravelCare Plus policy has been written by Etiqa Insurance company and the Enhanced EverTravel policy has been written by ACE Insurance company.

    5. Are the travel insurance policies provided by Maybank protected?
    6. Yes, the travel insurance policies provided by Maybank are protected under the Policy Owners’ Protection Scheme of SDIC (Singapore Deposit Insurance Corporation).

    7. Where can I find out more information about the travel insurance policies provided by Maybank?
    8. To find out more information about the travel insurance policies provided by Maybank, please visit the Singapore related website of the bank or call them.

    9. I have four children travelling with me. Will the Enhanced EverTravel insurance policy provide coverage for them under the Family plan of its Business category?
    10. There is no limit to the number of children who is traveling with you. The children have to be aged between 45 days and 18 years. (a student aged 23 years and studying full time in an institution, will be considered a child under the policy)

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