Types of Expat Insurances in Malaysia Guide

International Health Insurance

Starting with the most common insurance type, health insurance covers the expensive healthcare costs, especially for expats and foreigners.

Expat Financial is the industry leader in providing expatriates the first-class international health insurance that they require globally which includes Medical Expense Insurance, Critical Illness Insurance, Long-term Care Insurance and Prenatal Insurance.

This allows them to have easy access to healthcare treatments anywhere and anytime.

Vehicle insurance

Did you know that motor insurance is a mandatory insurance for all vehicles licensed to be used on public roads?

There are three different types of vehicle insurance, which include:

• Comprehensive Cover
• Third Party, Fire, Theft Cover
• Third Party Cover

For foreigners driving in Malaysia, do take note of the foreign driving license law of only being able to drive around Malaysia for a total period of 90 days with the international driver’s license.

With effect from 31st December 2020, all foreigners can convert their foreign driving license into a Malaysia’s Driving license through the JPJ website Malaysia.

Expat Life and Disability Insurance

Life insurance for expats and foreigners provides full coverage for life.

Disability insurance for expat and foreigners serves as a partial replacement for an individual’s income when they are rendered unfit to work, ensuring that they still have a source of income for themselves and protecting them from extensive heavy financial costs.

One such plan is provided by William Russell Limited is the Global Income Protection Plan which is designed to provide income replacement protection for individual expatriates around much of the world.

Home insurance

Home insurance is not mandatory but is highly encouraged to be purchased in order to protect ourselves from potential losses from unfortunate events such as fire, vandalism, break-ins, and protection of homeowners against liabilities within their property.

Other high-valued home appliances can also be insured under the home insurance plan. Items include air conditioner, jewellery, cameras, and more.

General Insurance

This insurance protects the assets of foreigners who are living locally while at the same time covering their employee’s benefits.

Some of the insurance includes, among others:

• Travel insurance
• Pet insurances
• Evacuation coverage
• International Dental and Optical insurance