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Get the Best Travel Insurance in Singapore 2023

Find the best and cheapest travel insurance prices in Singapore on MoneySmart for single and annual trips! Read More
Traveling to Thailand 04 Dec 2023 - 06 Dec 2023
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We found 32 Travel Insurances for you!
Recommended
MSIG logo

Total Premium

S$22.80

40% OffS$38
MoneySmart Exclusive
$35,000 Lucky Draw | Most Comprehensive

MSIG TravelEasy Standard

Med. Coverage (Overseas)
S$250,000
Trip Cancellation
S$5,000
Loss/Damage of Baggage
S$3,000
Total Premium
S$3840% Off
S$22.80

[Score up to $35,000 | FLASH DEAL | Receive your cash as fast as 30 days*]
         
All eligible customers are guaranteed up to S$60 in Cash (via PayNow) and rewards* AND additional vouchers for those traveling to Area B (Japan, Korea and more*!)
 
Additionally, receive an Eskimo Global 1GB eSIM* worth USD7 (no min. premium required)! T&Cs apply.
     
On top of that, apply and be automatically enrolled in our Wowza Travel Bonanza and score the latest Apple gadgets, Samsonite Spinner and more! T&Cs apply.

Valid until 11 Dec 2023 - See more details below
Apply Now
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FWD logo

Total Premium

S$13.60

25% OffS$18.13
MoneySmart Exclusive
$35,000 Lucky Draw | New Trip Cancellation Add-on

FWD Premium

Med. Coverage (Overseas)
S$200,000
Trip Cancellation
S$7,500
Loss/Damage of Baggage
S$3,000
Total Premium
S$18.1325% Off
S$13.60

[Score up to $35,000]
           
All eligible customers are guaranteed to receive an S$20 iShopChangi e-voucher*!
           
Additionally, receive an Eskimo Global 1GB eSIM* worth USD7 (no min. premium required)! T&Cs apply
           
On top of that, apply and be automatically enrolled in our Wowza Travel Bonanza and score the latest Apple gadgets, Samsonite Spinner and more! T&Cs apply.

Valid until 04 Dec 2023 - See more details below
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Starr logo

S$17.28

40% OffS$28.80
MoneySmart Exclusive
$35,000 Lucky Draw | Best Value Plan

Starr TraveLead Comprehensive Bronze

Med. Coverage (Overseas)
S$200,000
Trip Cancellation
S$5,000
Loss/Damage of Baggage
S$3,000
S$28.8040% Off
S$17.28

[Score up to $35,000 | FLASH DEAL | Receive your cash as fast as 30 days*]

For a limited time only, travel smart with 40% off AND more than 50% cashback* exclusively on MoneySmart!

Plus ALL eligible customers are guaranteed up to S$169 in Cash (via PayNow) and rewards*!

Additionally, receive an Eskimo Global 1GB eSIM* worth USD7 (no min. premium required)! T&Cs apply.

On top of that, apply and be automatically enrolled in our Wowza Travel Bonanza, and score the latest Apple gadgets, Samsonite Spinner and more! T&Cs apply.

Valid until 07 Dec 2023 - See more details below
Promotion ends in
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More Details
DirectAsia logo

Total Premium

S$14.70

40% OffS$24.50
MoneySmart Exclusive
$35,000 Lucky Draw | Free coverage for children

DirectAsia DA150

Med. Coverage (Overseas)
S$150,000
Trip Cancellation
S$3,000
Loss/Damage of Baggage
S$1,000
Total Premium
S$24.5040% Off
S$14.70

[Score up to S$35,000 | Receive your cash as fast as 30 days*]
    
All eligible customers are guaranteed up to S$40 in Cash (via PayNow) and rewards*!
            
Additionally, receive an Eskimo Global 1GB eSIM* worth USD7 (no min. premium required)! T&Cs apply.
    
On top of that, apply and be automatically enrolled in our Wowza Travel Bonanza and score the latest Apple gadgets, Samsonite Spinner and more! T&Cs apply.

Valid until 11 Dec 2023 - See more details below
Apply Now
Apply Now
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Singlife logo

Total Premium

S$22.54

25% OffS$30.05
MoneySmart Exclusive

Singlife Travel Lite

Med. Coverage (Overseas)
S$250,000
Trip Cancellation
S$5,000
Loss/Damage of Baggage
S$3,000
Total Premium
S$30.0525% Off
S$22.54

[Receive your cash as fast as 30 days*] 
  
All eligible customers are guaranteed to receive up to S$20 in Cash (via PayNow) and rewards*!
    
Additionally, receive an Eskimo Global 1GB eSIM* worth USD7 (no min. premium required)! T&Cs apply.
 
PLUS enjoy 6 months of FREE Heatstroke Insurance* from Singlife with any Single Trip Travel Insurance purchased! T&Cs apply

Valid until 11 Dec 2023 - See more details below
Apply Now
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AIG logo

Premium

S$24

20% OffS$30
MoneySmart Exclusive
Most Flexible Plan

AIG Travel Guard® Direct - Basic

Overseas Medical Expenses
S$100,000
Travel Cancelation / Postponement
S$5,000
Loss/Damage of Personal Baggage
S$3,000
Premium
S$3020% Off
S$24

[Receive your cash as fast as 30 days*]

All eligible customers are guaranteed up to S$70 in Cash (via PayNow) and rewards*!
 
Additionally, receive an Eskimo Global 1GB eSIM* worth USD7 (no min. premium required)! T&Cs apply. 

Valid until 12 Dec 2023 - See more details below
Apply Now
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Allianz Travel logo

Total Premium

S$25.30

45% OffS$46
MoneySmart Exclusive
Best Medical Coverage

Allianz Travel Silver

Med. Coverage (Overseas)
S$500,000
Trip Cancellation
S$5,000
Loss/Damage of Baggage
S$3,000
Total Premium
S$4645% Off
S$25.30

[FLASH DEAL | Receive your cash as fast as 30 days*]
 
All eligible customers are guaranteed up to S$70 in Cash (via PayNow) and rewards*!
 
Additionally, receive an Eskimo Global 1GB eSIM* worth USD7 (no min. premium required)! T&Cs apply.

Valid until 31 Dec 2023 - See more details below
Apply Now
More Details
Bubblegum logo

Total Premium

S$27.29

10% OffS$30.32
MoneySmart Exclusive
Most fuss-free plan

Bubblegum Travel Insurance

Med. Coverage (Overseas)
S$150,000
Trip Cancellation
S$5,000
Loss/Damage of Personal Baggage
S$3,000
Total Premium
S$30.3210% Off
S$27.29

[Receive your cash as fast as 30 days*]
 
Get up to S$45 worth of Cash (via PayNow) and rewards*!
 
Additionally, receive an Eskimo Global 1GB eSIM* worth USD7 (no min. premium required)! T&Cs apply.

Valid until 31 Dec 2023 - See more details below
Apply NowApply directly on MoneySmart
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Tiq by Etiqa logo

Total Premium

S$20.40

40% OffS$34
Online Promo
Most efficient claims for flight delay

Tiq Savvy

Med. Coverage (Overseas)
S$500,000
Travel Cancelation
S$5,000
Loss/Damage of Baggage
S$2,000
Total Premium
S$3440% Off
S$20.40
Online Promo:
[Lucky Draw]
Enjoy 40% off* your Tiq Single Trip Travel Insurance plans! Get 60% off Covid-19 add-on for Annual Plans.

Win up to S$3,000 cash in Tiq's monthly lucky draw with each travel policy purchased! T&Cs apply.   

PLUS redeem a FREE* Travel Insurance (worth S$30) from Tiq when you are a new customer!
Valid until 04 Dec 2023 - See more details below
Apply Now
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Starr logo

Total Premium

S$22.32

40% OffS$37.20
MoneySmart Exclusive
$35,000 Lucky Draw | Best Value Plan

Starr TraveLead Comprehensive Silver

Med. Coverage (Overseas)
S$500,000
Trip Cancellation
S$10,000
Loss/Damage of Baggage
S$5,000
Total Premium
S$37.2040% Off
S$22.32

[Score up to $35,000 | FLASH DEAL | Receive your cash as fast as 30 days*]

For a limited time only, travel smart with 40% off AND more than 50% cashback* exclusively on MoneySmart!

Plus ALL eligible customers are guaranteed up to S$169 in Cash (via PayNow) and rewards*!

Additionally, receive an Eskimo Global 1GB eSIM* worth USD7 (no min. premium required)! T&Cs apply.

On top of that, apply and be automatically enrolled in our Wowza Travel Bonanza, and score the latest Apple gadgets, Samsonite Spinner and more! T&Cs apply.

Valid until 07 Dec 2023 - See more details below
Apply Now
More Details
MSIG logo

Total Premium

S$68

Covers Pre-Existing Conditions

MSIG TravelEasy Pre-Ex Premier

Med. Coverage (Overseas)
S$150,000
Trip Cancellation
S$15,000
Loss/Damage of Baggage
S$7,500
Total Premium
S$68
Apply Now
More Details
Starr logo

Total Premium

S$9.36

40% OffS$15.60
MoneySmart Exclusive
$35,000 Lucky Draw | Best Value Plan

Starr TraveLead Essential Bronze

Med. Coverage (Overseas)
S$200,000
Trip Cancellation
N/A
Loss/Damage of Baggage
N/A
Total Premium
S$15.6040% Off
S$9.36

[Score up to $35,000 | FLASH DEAL | Receive your cash as fast as 30 days*]

For a limited time only, travel smart with 40% off AND more than 50% cashback* exclusively on MoneySmart!

Plus ALL eligible customers are guaranteed up to S$169 in Cash (via PayNow) and rewards*!

Additionally, receive an Eskimo Global 1GB eSIM* worth USD7 (no min. premium required)! T&Cs apply.

On top of that, apply and be automatically enrolled in our Wowza Travel Bonanza, and score the latest Apple gadgets, Samsonite Spinner and more! T&Cs apply.

Valid until 07 Dec 2023 - See more details below
Apply Now
More Details
MSIG logo

Total Premium

S$31.50

40% OffS$52.50
MoneySmart Exclusive
$35,000 Lucky Draw | Most Comprehensive

MSIG TravelEasy Elite

Med. Coverage (Overseas)
S$500,000
Trip Cancellation
S$10,000
Loss/Damage of Baggage
S$5,000
Total Premium
S$52.5040% Off
S$31.50

[Score up to $35,000 | FLASH DEAL | Receive your cash as fast as 30 days*]
         
All eligible customers are guaranteed up to S$60 in Cash (via PayNow) and rewards* AND additional vouchers for those traveling to Area B (Japan, Korea and more*!)
 
Additionally, receive an Eskimo Global 1GB eSIM* worth USD7 (no min. premium required)! T&Cs apply.
     
On top of that, apply and be automatically enrolled in our Wowza Travel Bonanza and score the latest Apple gadgets, Samsonite Spinner and more! T&Cs apply.

Valid until 11 Dec 2023 - See more details below
Apply Now
More Details
DirectAsia logo

Total Premium

S$16.80

40% OffS$28
MoneySmart Exclusive
$35,000 Lucky Draw | Free coverage for children

DirectAsia DA200

Med. Coverage (Overseas)
S$200,000
Trip Cancellation
S$10,000
Loss/Damage of Baggage
S$3,000
Total Premium
S$2840% Off
S$16.80

[Score up to S$35,000 | Receive your cash as fast as 30 days*]
    
All eligible customers are guaranteed up to S$40 in Cash (via PayNow) and rewards*!
            
Additionally, receive an Eskimo Global 1GB eSIM* worth USD7 (no min. premium required)! T&Cs apply.
    
On top of that, apply and be automatically enrolled in our Wowza Travel Bonanza and score the latest Apple gadgets, Samsonite Spinner and more! T&Cs apply.

Valid until 11 Dec 2023 - See more details below
Apply Now
Apply Now
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More Details
AIG logo

Premium

S$34.40

20% OffS$43
MoneySmart Exclusive
Most Flexible Plan

AIG Travel Guard® Direct - Standard

Overseas Medical Expenses
S$200,000
Travel Cancelation / Postponement
S$5,000
Loss/Damage of Personal Baggage
S$3,000
Premium
S$4320% Off
S$34.40

[Receive your cash as fast as 30 days*]

All eligible customers are guaranteed up to S$70 in Cash (via PayNow) and rewards*!
 
Additionally, receive an Eskimo Global 1GB eSIM* worth USD7 (no min. premium required)! T&Cs apply. 

Valid until 12 Dec 2023 - See more details below
Apply Now
More Details
Allianz Travel logo

Total Premium

S$22

45% OffS$40
MoneySmart Exclusive
Best Medical Coverage

Allianz Travel Bronze

Med. Coverage (Overseas)
S$250,000
Trip Cancellation
S$5,000
Loss/Damage of Baggage
S$1,500
Total Premium
S$4045% Off
S$22

[FLASH DEAL | Receive your cash as fast as 30 days*]
 
All eligible customers are guaranteed up to S$70 in Cash (via PayNow) and rewards*!
 
Additionally, receive an Eskimo Global 1GB eSIM* worth USD7 (no min. premium required)! T&Cs apply.

Valid until 31 Dec 2023 - See more details below
Apply Now
More Details
FWD logo

Total Premium

S$20.80

25% OffS$27.73
MoneySmart Exclusive
$35,000 Lucky Draw | New Trip Cancellation Add-on

FWD Business

Med. Coverage (Overseas)
S$500,000
Trip Cancellation
S$10,000
Loss/Damage of Baggage
S$5,000
Total Premium
S$27.7325% Off
S$20.80

[Score up to $35,000]
           
All eligible customers are guaranteed to receive an S$20 iShopChangi e-voucher*!
           
Additionally, receive an Eskimo Global 1GB eSIM* worth USD7 (no min. premium required)! T&Cs apply
           
On top of that, apply and be automatically enrolled in our Wowza Travel Bonanza and score the latest Apple gadgets, Samsonite Spinner and more! T&Cs apply.

Valid until 04 Dec 2023 - See more details below
Apply Now
Apply Now
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More Details
Tiq by Etiqa logo

Total Premium

S$12.60

40% OffS$21
Online Promo
Most efficient claims for flight delay

Tiq Entry

Med. Coverage (Overseas)
S$200,000
Travel Cancelation
S$5,000
Loss/Damage of Baggage
S$2,000
Total Premium
S$2140% Off
S$12.60
Online Promo:
[Lucky Draw]
Enjoy 40% off* your Tiq Single Trip Travel Insurance plans! Get 60% off Covid-19 add-on for Annual Plans.

Win up to S$3,000 cash in Tiq's monthly lucky draw with each travel policy purchased! T&Cs apply.   

PLUS redeem a FREE* Travel Insurance (worth S$30) from Tiq when you are a new customer!
Valid until 04 Dec 2023 - See more details below
Apply Now
More Details
Starr logo

Total Premium

S$11.52

40% OffS$19.20
MoneySmart Exclusive
$35,000 Lucky Draw | Best Value Plan

Starr TraveLead Essential Silver

Med. Coverage (Overseas)
S$500,000
Trip Cancellation
N/A
Loss/Damage of Baggage
N/A
Total Premium
S$19.2040% Off
S$11.52

[Score up to $35,000 | FLASH DEAL | Receive your cash as fast as 30 days*]

For a limited time only, travel smart with 40% off AND more than 50% cashback* exclusively on MoneySmart!

Plus ALL eligible customers are guaranteed up to S$169 in Cash (via PayNow) and rewards*!

Additionally, receive an Eskimo Global 1GB eSIM* worth USD7 (no min. premium required)! T&Cs apply.

On top of that, apply and be automatically enrolled in our Wowza Travel Bonanza, and score the latest Apple gadgets, Samsonite Spinner and more! T&Cs apply.

Valid until 07 Dec 2023 - See more details below
Apply Now
More Details
Starr logo

Total Premium

S$15.12

40% OffS$25.20
MoneySmart Exclusive
$35,000 Lucky Draw | Best Value Plan

Starr TraveLead Essential Gold

Med. Coverage (Overseas)
S$1,000,000
Trip Cancellation
N/A
Loss/Damage of Baggage
NA
Total Premium
S$25.2040% Off
S$15.12

[Score up to $35,000 | FLASH DEAL | Receive your cash as fast as 30 days*]

For a limited time only, travel smart with 40% off AND more than 50% cashback* exclusively on MoneySmart!

Plus ALL eligible customers are guaranteed up to S$169 in Cash (via PayNow) and rewards*!

Additionally, receive an Eskimo Global 1GB eSIM* worth USD7 (no min. premium required)! T&Cs apply.

On top of that, apply and be automatically enrolled in our Wowza Travel Bonanza, and score the latest Apple gadgets, Samsonite Spinner and more! T&Cs apply.

Valid until 07 Dec 2023 - See more details below
Apply Now
More Details

Disclaimer: At MoneySmart.sg, we strive to keep our information accurate and up to date. This information may be different than what you see when you visit a financial institution, service provider or specific product’s site. All financial products and services are presented without warranty. Additionally, this site may be compensated through third party advertisers. However, the results of our comparison tools which are not marked as sponsored are always based on objective analysis first.

Here are 3 simple steps to submit your travel insurance claim

Step 1

Get your supporting documents ready

Most travel insurers require claims within 30 days. Submit via mail, WhatsApp, their app, or online portal to avoid policy breaches. Keep originals for 6 months in the event the travel insurance provider needs to sight them. Required documents often include personal info, medical reports, ownership proof, trip records, and reports (e.g., police, airline).

Step 2

Fill in your details and attach your supporting documents in your submission

Log in to your insurer's claims app or portal. Fill in your info, and the necessary details for the claims (email address. policy number, departure date or policy purchase date), upload soft copies of your documents and submit. Alternatively, mail hard copies of your original documents.

Step 3

Receive an acknowledgement email and await for settlement

After submitting, you'll receive an acknowledgment email. Your claim will be reviewed. For COVID-19-related claims, contact the provided hotline or email. Upon approval, your insurer will coordinate payments, often offering cashless reimbursement through PayNow or iBanking for speed and convenience.

Best Travel Insurance Plans Singapore 2023

Choose from MoneySmart's curated list of best travel insurance plans in Singapore and find out how to pick the most suitable plan for your needs as a traveller. With our help, you’ll be able to compare a wide range of Single Trip travel insurance plans and Annual Multi-Trip packages in Singapore in terms of premiums, medical coverage, coverage for overseas medical expenses, trip cancellation, replacement of traveller, cruise vacation, personal baggage damages, and more. Whether you’re looking to find coverage for solo trips, groups or families travelling together, there’s definitely something that will give you utmost assurance.

Best Travel Insurance Plans in Singapore Benefits Coverage

Best forProvider/Travel Insurance PlanPremium rate
Overall good valueBubblegum travel insurance plansFrom $31
Medical coverageAllianz travel insurance plansFrom $33
Comprehensive coverageMSIG TravelEasy plansFrom $38
Low premiumsFWD travel insurance plansFrom $17
Pre-existing conditionsMSIG TravelEasy Pre-Ex plansFrom $38
Extreme sports/adventurous activitiesTiq by Etiqa travel insurance plansFrom $21
Frequent travellersAIG Travel Guard annual multi-trip plansFrom $489
Cruise coverageStarr TraveLead plansFrom $29
Traveling while pregnantMSIG TravelEasy Pre-Ex plansFrom $38
FamilyDirectAsia travel insurance plansFrom $25
Flight diversion/cancellation/postponementTiq by Etiqa travel insurance plansFrom $21
Covid-19 coverageAllianz travel insurance plansFrom $33
*Estimated premium rates are based on a 3D2N single trip plan to a South East Asian country, except for the annual multi-trip plan.

Are Travel Aggregators Secure? Harder to Claim From?

Travel aggregators let you easily compare flights, hotels, travel insurance and more. But are they secure? Difficult to claim from? We answer your questions.

Read more

What customers are saying about our Travel Insurance (From Google Reviews)

⭐⭐⭐⭐⭐

Review by Doreenngsk Ng

"Purchased travel insurance on Moneysmart with cash rebate deal. Great value after discount. MS is good platform to peruse available travel policies to choose from, giving us choices to consider appropriate for our requirements."

As seen on Google

⭐⭐⭐⭐⭐

Review by Ron Tay

"I always use MoneySmart when i need a travel insurance..... It easy and convenient to use, let me easy to compare each travel insurance package..... Highly recommended!"

As seen on Google

⭐⭐⭐⭐⭐

Review by Jodel Tan

"Purchasing travel insurance was easy, fast and smooth... had a good deal of getting cashback by purchasing the insurance. Steps from claiming to receiving the cashback was simple too. A good experience overall."

As seen on Google

Does Travel Insurance Cover Cancelled Flights?

Not always! While all travel insurance policies have a "Trip Cancellation" benefit, you can only claim for this if it's for an insured event, such as a serious illness or accident, or unforeseen events such as riots or natural disasters. However, different insurers exclude different scenarios, so it's best to read the policy wording carefully. The following are types of flight cancellations that are NOT covered by travel insurance.

Flight Cancellation Due to Known Event

Flight cancellations due to events which are already made known as public knowledge are not covered by travel insurance, as you are expected to have known about these at the point of buying your tickets. However, if you bought your flights and activated your travel insurance before they became public knowledge, you might still be able to make a claim.

Flight Cancellation with Refund / Replacement

If your flight was cancelled but you were put on a replacement flight, or your fare was refunded, you will not be able to make a travel insurance claim under the trip cancellation benefit. In general, travel insurance is only for unrecoverable costs. However, you may claim for trip delay benefits, such as an extra night's accommodation or extra meals.

You Cancelled Your Own Flight / Trip

Travel insurance typically covers insured events that are beyond your control. If you are the one who changed your mind about your trip, you generally won't be able to claim anything - unless your insurer offers a "Cancellation for Any Reason" benefit. However, in public health emergencies like the COVID-19 outbreak, airlines usually waive the usual penalties for flight cancellations, out of goodwill.

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How Do I Choose The Best Travel Insurance?

When choosing travel insurance plans for your holiday or business trips, there are several factors to consider, depending on your priorities. Here are four simple steps to pick a suitable travel insurance plan.

Step 1

Check general coverage

Instead of deciding solely by price, you should compare the benefits and reimbursement limits for common claims like medical expenses, trip cancellations, flight delays and baggage theft and/or damage.

Step 2

Compare policy premiums

How much your travel insurance costs depends on your destination and length of stay. Most travel insurance companies have 2 to 3 tiers of plans at different price points, with varying comprehensiveness and reimbursement limits.

Step 3

Special activities coverage

The breadth of coverage needed largely depends on your itinerary. For instance, if you’re planning to go skydiving, make sure you get a policy that covers aerial sports like MSIG’s TravelEasy® Standard, Elite and Premier plans. Or if you’re going golfing overseas, pick a policy that insures your equipment.

Step 4

Consider the trip duration

This is one of the important determining factors of which kind of travel insurance you get. Single trip travel insurance plans are usually for short trips. If you’re the kind who travels far and for months, it might be worthwhile to consider buying annual travel insurance.

Unlike single trip travel insurance, annual travel insurance often charges a flat premium and insures you for an entire year of travel. It usually costs about $200 to $300 per year, which is more suitable for a frequent traveller who is probably going to travel overseas more than 7 or 8 times a year, at least.

We asked Singaporeans about flight disruptions, and they answered.

Find out the worst airlines with delays and cancellations according to Singaporean travellers.

Read more

Different Types Of Travel Insurance Coverage

Single trip plans

If you’re thinking of only taking one or two trips in a year, single-trip travel insurance is probably more suitable for you. As the name suggests, single-trip insurance plans are made for individual travellers, and those who are travelling as families, who need travel coverage for a single trip or holiday, especially for long overseas trips (usually up to 180 days).

It makes more economic sense for those who don't travel very often, plus, single-trip insurance plans can be purchased easily online, with less time in planning and consideration as compared to annual multi-trip plans. But on the flip side, you’ll face the hassle of getting a new travel insurance policy every time you go on an overseas trip. For some, a single-trip insurance plan can get relatively expensive if the trips are short.

Annual Multi-trip plans

Annual travel insurance plans, which are also known as multi-trip travel insurance plans, are designed for those who travel several times in a year. The great thing about this kind of travel insurance is that you only need to do the purchase once, and you’re covered for the next 12 months. It is a good option if you’re a frequent traveller who intends to make many long trips or short weekend getaways abroad in a year.

Individual plans

Going solo as an occasional traveller or frequent traveller means that you’ll most likely need a single-trip individual travel insurance plan or an annual multi-trip travel insurance plan, depending on the frequency of travel.

Family plans

Family travel insurance plans usually cover you and the members of your family who travel with you on your trip, with a maximum number of adults and children to be insured per policy purchased. The people who are insured under a family travel insurance plan may comprise of you and your spouse, and/or your children or grandchildren.

You may want to consider purchasing a family travel insurance plan if you are travelling with your family and thinking of getting a single policy for your family members who are travelling with you, as getting a family travel insurance plan can be more cost-effective than getting separate single trip plans for each family member. What if you and your loved ones are travelling very often as a family? Some travel insurers also offer annual multi-trip travel insurance for families who are frequent travellers.

Single-trip or Annual multi-trip plan - Which one should you pick?

Now that we've detailed out what the different types of travel insurance plans are, it’ll be easier for you to make a decision. If not, here are some examples to help you understand better.

Example 1

Joshua flies frequently in and out of the country for his business trips. As he works as a legal advisor, his job requires him to travel between Singapore and Thailand twice or once a month. Each trip will last for about a week. In this case, multi-trip travel insurance works best for him as he wouldn't have to keep getting travel insurance before every trip.

Example 2

Lisa and Amanda are university friends planning to take a long post-graduation trip to Australia. They seldom travel and even if they did, they go on overseas vacations once a year with their own families. For them, the single travel insurance policy is a more suitable choiceAustralia.

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What Do Travel Insurance Plans Cover?

While pricing is a an important factor when comparing travel insurance plans, other features such as overseas medical coverage, trip cancellation coverage and many other related aspects are as important. These benefits and the extent of coverage for each type of benefit usually varies from insurer to insurer. Here are a few aspects you’ll want to look out for when it comes to choosing a suitable travel insurance with adequate coverage.

Overseas medical expenses

In the event you get diagnosed with some sort of unexpected disease, you’ll be able to claim for the necessary and reasonable overseas medical costs incurred within a certain number of days of your trip (usually 90 days) up to the limit as specified according to your selected plan. For some plans there are also tiered coverage limits for different age groups.

In-hospital cash overseas or allowance

Reimbursements for in terms of cash for hospital stays is another benefit that many insurers include in their plans now, especially after the Covid-19 pandemic.

Emergency medical evacuation and emergency medical repatriation

This is one of the fundamental aspects of every coverage plan. Any costs incurred for emergency medical evacuation and repatriation (including repatriation of mortal remains back to Singapore) that are related to your severe injury/illness diagnosis will be covered.

Keep in mind to have someone on your behalf to contact the insurer’s emergency service to provide your full name, dates of trip, NRIC/FIN number, policy number, name of the place and the telephone number that your insurance provider can reach you, as well as the nature of help required during the emergency, in case you are unable to do so during the emergency.

Trip cancellation/alteration/interruption/delay

Trip cancellations, postponements, delays, and interruptions are often covered if you as the traveller or you relatives travelling with you are diagnosed with a severe illness/get severely injured before the date of departure, subject to terms and conditions.

Pre-existing conditions

This benefit is not commonly included in most travel insurance plans, but currently there are several insurers providing such plans and they include MSIG TravelEasy® Pre-Ex, Income Insurance Enhanced PreX® (formally known as Income) and Etiqa Pre-Ex. The premiums are higher than regular plans, but they provide overseas medical expenses that cover pre-existing conditions.

Travel Insurance Claims

How do travel claims work?

Before you make a claim from your travel insurance provider, there are several important things to take note of, whether it is for claims related to your COVID-19 diagnosis, loss of baggage, trip cancellation, or other reasons. These include knowing what type of plan you purchased, when did the incident/illness occur (pre-trip, during-trip or post-trip), what belongings or items to claim for, and who are involved.

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Frequently Asked Questions

What is travel insurance and how does it help me?

Travel insurance helps protect you from risks while you are travelling overseas. Travel insurance policies include coverage for personal accident, overseas medical expenses, travel inconvenience, as well as theft and loss of baggage, just to name a few. If you are travelling overseas, you should definitely get a travel insurance plan as it’s relatively cheap and can protect you from unnecessary costs and risks.

What's the difference between single-trip or annual multi-trip travel Insurance?

When you buy travel insurance you can choose from 2 types of policies, either the single trip or annual multi-trip travel insurance plan. Single trip travel insurance covers you for a single trip and is usually for individual travellers, or those who are travelling as families, who need travel coverage for a single trip or holiday, especially for long overseas trips (usually up to 180 days).

Annual travel insurance plans, which are also known as multi-trip travel insurance plans, cover you for all trips starting and ending in Singapore, and are designed for those who travel several times in a year, each trip lasting for about less than 180 days. You should consider buying Annual Travel Insurance if you travel frequently (more than 10 times a year). You will enjoy significant savings, and you won't have to worry about purchasing travel insurance every single time as you’ll be covered for the entire year.

Are family travel insurance plans cheaper?

Most insurers offer cheaper premium rates if you purchase your travel insurance plan as a family.

Can I buy travel insurance once I'm overseas?

No. Travel insurance has to be purchased before your trip commences. If you buy travel insurance after your trip commences and you try to make a claim, your insurer may not honour your claim. You should buy your travel insurance after you’ve booked your tickets as travel insurance also protects you from trip cancellation.

How do I compare travel insurance policies?

Travel insurance is a relatively simple insurance product. All travel insurance policies will cover you for personal accident, medical and travel inconveniences. However, if you intend to rent a car or participate in underwater sports like snorkeling or diving, you might want to get a travel insurance policy that provides those additional features. Compare travel insurance plans on MoneySmart and find the one with the best price and coverage level for you!

What are the best travel insurance for East and Southeast Asia countries?

We have written a quick guide on buying the best travel insurance to the nearby countries whether you are travelling to Malaysia, taking a weekend trip to Thailand, holidaying in Bali, planning a trip to Japan or a getaway to South Korea. Before jetting off, here are the 5 must have list of travel essentials that you will need when on holiday.

Does travel insurance cover flight cancellation due to illness?

You can generally make travel insurance claims that arise from unforeseen illnesses, but only if the doctor certifies you too ill to travel. This means you have to be really, really ill, not just suffering from a slight case of the sniffles. One big exception to take note of: You won't be able to claim if it's a flare-up of a pre-existing medical condition. That is, if you already have asthma, you can't get compensation for missing your flight because of an asthma attack. You are expected to have known about and prepared for this risk. Technically, you CAN cover such scenarios, but only if the policy specifically states that it covers pre-existing conditions. These tend to be significantly more expensive than regular travel insurance.

Is there a difference between family travel insurance plans and group travel insurance plans?

Family travel insurance plans are designed for immediate family members, offering tailored coverage for spouses, partners, and dependent children. They typically provide family-specific protection for events like family-related cancellations and medical emergencies. These plans often come with a single premium, making them cost-effective. In contrast, group travel insurance plans are meant for diverse groups of travelers, including non-family members such as friends, colleagues, or organization members. They offer flexibility in coverage, allowing each participant to customize their protection based on individual needs, making them suitable for a variety of group compositions. If you are looking to purchase group travel insurance in singapore or family travel insurance, compare the best plans on Moneysmart!