Being separated from the mainland, Madagascar is known for its diverse and unique wildlife, which cannot be found anywhere else in the world. However, in recent years, Madagascar has suffered from political unrest and spikes in criminal behavior. Home invasions and armed attacks do occur, so it is best to take the right precautionary steps.
Expat Financial, a division of TFG Global Insurance Solutions Ltd, can easily obtain coverage for expatriates in Madagascar. Our staff has the necessary knowledge to provide you with complete insurance coverage to protect your expat staff posted to Madagascar and other African countries.
Healthcare in Madagascar for Expats
Clinics and hospitals do exist, but limited in supply and operate primarily in the cities. While there have been improvements in the healthcare system for expatriates in Madagascar and locals alike, most will find that the health system there is quite poor. Most expatriates and global citizens residing there will want to obtain a global health plan that will cover local, regional and global care. Medical evacuation coverage for global citizens living in Madagascar is also vital.
Insurance Options for Expatriates in Madagascar
Contact Expat Financial today for a more in-depth examination of your Madagascar insurance needs and what plans we can offer you. Individual expats and their employers look to us to source insurance for expatriates and even some local nationals in Madagascar.
It is essential to consider various factors, including health coverage, life insurance, property insurance, and emergency evacuation. Madagascar’s healthcare system is underdeveloped, and high-quality medical care is limited outside Antananarivo. Therefore, comprehensive insurance is crucial for expats.
Health Insurance for Madagascar
- International Health Insurance: For almost all foreigners in Madagascar, the standard recommendation is that international policies be obtained from one of the top global health providers we offer, such as Cigna or Allianz. These policies often cover private healthcare, which is preferable in Madagascar.
- Local Health Insurance: Some insurers, like MAMA (Mutuelle d’Assurance Malagasy), provide basic coverage, which is generally insufficient for expats requiring high-quality treatment or evacuation options. For local nationals in Madagascar, we highly recommend that their foreign company and NGO employers contact us to examine globally pooled and compliant coverage.
- Employer-Sponsored Plans: Many multinational companies offer private healthcare plans for their expatriate employees, often with international coverage.
As you would expect, a key part of any global health program for Madagascar is medical evacuation coverage. This covers medical evacuations to countries with better healthcare, such as South Africa or Réunion.
Life & Disability Coverage
For employers in Madagascar, note that expats in the country will find it very difficult to source individual coverage for life or personal accidents, so a group plan may be the only solution. We are able to source expat benefit plans that include this cover, which can help you meet your duty of care.
Property and Liability Coverage
While we don’t source this coverage for expats, owning a car or home in Madacascar will require comprehensive property insurance to protect against natural disasters, theft, and political instability. Vehicle insurance is mandatory, but expats should opt for full coverage, including third-party liability.
Note that our partners can source kidnap and ransom coverage for most foreign companies operating in the region, so this is also a key cover to obtain.
If you require a quote for Madagascar insurance, contact Expat Financial today for a quote. Please send along any relevant risk information that may be available.
