Popular Travel Agency Packages: Should I Get All-inclusive Or Standalone Travel Insurance?
When venturing into unfamiliar territories or facing time constraints that hinder itinerary planning, travel packages become invaluable for orchestrating hassle-free tours. When you're uncertain about destinations and dining choices, agencies offering standard or customisable travel packages step in with well-structured itineraries, easing the decision-making process.
Furthermore, some travel packages offer the convenience of including travel insurance coverage in their packages. However, some travellers prefer getting a standalone travel insurance package instead. Let’s find out which is more apt for you as we break down the pros and cons between the two, and make a comparison in our round-up of travel packages by some of Singapore’s popular travel agencies.
Furthermore, some travel packages offer the convenience of including travel insurance coverage in their packages. However, some travellers prefer getting a standalone travel insurance package instead. Let’s find out which is more apt for you as we break down the pros and cons between the two, and make a comparison in our round-up of travel packages by some of Singapore’s popular travel agencies.
Pros & Cons Of All-inclusive Vs. Standalone Travel Insurance
Travel Packages (Including Insurance)
PROS
CONS
- Convenience Travel packages offer a one-stop solution, bundling together accommodations, transportation, and sometimes insurance coverage, saving travelers time and effort in planning.
- Cost savings Bundling insurance with a travel package can often result in cost savings, as providers may offer discounted rates compared to purchasing insurance separately.
- Group discounts Travel packages are advantageous for group travel, as providers may offer group discounts on both the package itself and the included insurance coverage.
- Pre-packaged options Ideal for travelers who prefer pre-packaged options with predetermined itineraries and amenities, reducing the need for extensive research and planning.
CONS
- Limited customization Travel packages offer limited flexibility for customization, as insurance coverage is often predetermined and may not cater to individual preferences or specific needs.
- Coverage limitations Basic insurance coverage included in travel packages may have limitations or exclusions, leaving travelers underinsured for certain situations or activities.
- Dependency on provider Travelers relying on package inclusive insurance are dependent on the provider's chosen insurer, which may not offer the most comprehensive coverage or favorable terms.
Standalone Travel Insurance
PROS
CONS
- Comprehensive protection Standalone insurance policies typically offer a broader array of coverage options, including additional provisions for specialized needs such as adventure sports, pre-existing medical conditions, or high-value possessions.
- Freedom of selection Travelers have the liberty to select their preferred insurance provider, empowering them to choose from reputable insurers that offer comprehensive coverage and favorable terms.
- Greater add-on options Allows for the inclusion of add-ons or riders for specific needs, such as coverage for high-value items, rental car insurance, or cancel-for-any-reason coverage.
- Wider coverage for different travel types Ideal for different types of travel, including business trips, solo adventures, or family vacations.
- Variety in duration Standalone insurance policies cater to various trip lengths, accommodating short-term vacations, extended travels, or frequent trips throughout the year.
This type of insurance typically provides a more extensive range of coverage components, including options for specialized coverage like adventure sports or pre-existing medical conditions.
CONS
- Increased expenses The acquisition of standalone travel insurance can contribute to the overall travel expenses, particularly if travelers opt for extensive coverage options with supplementary add-ons and riders.
- Complexity Understanding the terms, conditions, and coverage alternatives of standalone insurance policies can be more intricate compared to package inclusive insurance, necessitating comprehensive research and comparison.
- Individual accountability Travelers bear sole responsibility for arranging and procuring standalone insurance, demanding proactive decision-making and the potential for oversight or delay until closer to the travel date.
- Risk of excessive Coverage Without careful consideration, travelers may inadvertently acquire more coverage than required, leading to inflated premiums and unnecessary financial burdens
Affordable Travel Insurance Plans
MoneySmart Exclusive
$788 Giveaway | 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 Total Premium
S$33.0130% Off - S$23.11
[Travel with REWARDS]
• Get a S$30 Revolut cash reward with FWD Travel premiums purchased. T&Cs apply
• Enjoy 30% off Single Trip plans and 25% off Annual Travel plans with code MSTRIP. Valid from 11 to 15 Jul 2026.
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MoneySmart Exclusive
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 Total Premium
S$62.5055% Off - S$28.12
Grab your REWARDS:
• Up to S$20 GrabGift vouchers
• OR up to S$10 Cash via PayNow
• AND S$30 Revolut cash reward
and many more on top of existing discounts with eligible premiums spent.
T&Cs apply.
[Tiq's Online Promos]
• Enjoy 55% off (Single Trip) and 30% off (Annual Plans) with code TIQMS on Tiq Travel Insurance plans. Valid from 6 to 31 Jul 2026. T&Cs apply.
• Get a $30 voucher from Tiq with code FREETRAVEL on Single Trip plans. New customers only. Valid till 31 Jul 2026. T&Cs apply.
• Plus, stand to receive an exclusive Travel Pass Launch Pack (worth S$75)*! Valid from 19 June to 18 July 2026. T&Cs apply.
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 Total Premium
S$7863% Off - S$28.86
[Grab EXTRA Vouchers!]
Score a S$50 Grab Voucher on top of existing gifts when you meet the giveaway requirements. T&Cs apply.
CASH or SMARTPOINTS:
• Up to S$45 Cash via PayNow
• OR up to $60 GrabGift vouchers
• AND S$30 Revolut cash reward
and many more on top of existing discounts with eligible premiums spent. T&Cs apply.
PLUS, enjoy 63% off your policy premium when you apply the promo code MSAZ.
MoneySmart Exclusive
$788 Giveaway | 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 Total Premium
S$5550% Off - S$27.50
Travel with REWARDS:
• S$70 GrabGift vouchers
• OR up to S$60 Cash via PayNow
• AND S$30 Revolut cash reward
and many more rewards with eligible premiums spent. T&Cs apply.
[Exclusive MoneySmart Promos]
• Get 50% off (Single Trip) and 20% off (Annual Plan) on TravelEasy policy premiums. Valid from 10 to 12 Jul 2026.
• Enjoy a complimentary MSIG Lounge Pass at the Airport for flights delayed more than 90 minutes. (Per policy purchased).
• PLUS, receive up to 1GB worth of eSIM.
T&Cs apply.
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MoneySmart Exclusive
15% off MINDEF/MHA/POGIS | CFAR add-on available
Singlife Travel Lite
- Med. Coverage (Overseas)
- S$250,000
- Trip Cancellation
- S$5,000
- Loss/Damage of Baggage
- S$3,000
- Total Premium Total Premium
S$55.9650% Off - S$27.98
Get CASH or REWARDS:
• Up to $60 GrabGift vouchers
• OR up to $50 Cash via PayNow
• AND $30 Revolut cash reward
with eligible premiums spent. T&Cs apply.
[Singlife's Online Promos]
• Get 50% off with code TRAVEL50 on Single Trip Singlife Travel Insurance plans.
• Enjoy a FREE 1GB Global eSIM from Singlife with purchase of a Singlife Travel Insurance plan. T&Cs apply.
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MoneySmart Exclusive
Child cover same as adults
DirectAsia Voyager 150
- Med. Coverage (Overseas)
- S$150,000
- Trip Cancellation
- S$3,000
- Loss/Damage of Baggage
- S$1,000
- Total Premium Total Premium
S$38.4240% Off - S$23.05
Choose CASH or REWARDS:
• Up to S$50 GrabGift vouchers
• OR up to S$40 Cash via PayNow
• AND S$30 Revolut cash reward
and many more rewards with eligible premiums spent. T&Cs apply.
PLUS, enjoy 40% off your policy premiums.
MoneySmart Exclusive
Post-departure purchase option available
INCOME Standard Classic
- Med. Coverage (Overseas)
- S$250,000
- Trip Cancellation
- S$5,000
- Loss/Damage of Baggage
- S$3,000
- Total Premium Total Premium
S$59.6050% Off - S$29.80
Travel with REWARDS:
• Get a S$30 Revolut cash reward with Income Standard Travel premiums purchased. T&Cs apply
• Enjoy 50% off on Standard Per-trip travel plans. Ts&Cs apply.
• Enjoy 15% off on PreX Per-trip travel plans. Ts&Cs apply.
Discounts valid from 9 to 14 Jul 2026, 9:00AM
Check Out The Best Travel Insurance in Singapore
Comparison Of Packages’ Coverage By Popular Travel Service Providers
| Provider | Package Type | Coverage Highlights | Exclusions | Additional Benefits |
|---|---|---|---|---|
| ProviderClub Med | Package TypeOnly for Club Med Members | Coverage HighlightsHigh coverage for trip cancellation, curtailment and delay, plus reasonable medical expenses coverage, coverage specifically for ski rescue cost occurred in resorts in China and Japan | ExclusionsPre-existing conditions, extreme sports, war/civil unrest | Additional BenefitsAdditional travel and accommodation expenses incurred overseas in certain events, including burial expenses |
| ProviderChan Brothers | Package TypeSilver | Coverage HighlightsMedical expenses, emergency evacuation, trip cancellation/interruption, baggage & personal belongings | ExclusionsPre-existing conditions, extreme sports, war/civil unrest | Additional Benefits24/7 emergency assistance, cashless medical claims |
| ProviderChan Brothers | Package TypeGold | Coverage HighlightsAll Silver + Trip delay, missed departure, cruise interruption, legal assistance | ExclusionsSame as Silver + Personal accident, loss of deposits | Additional BenefitsRental car excess waiver, baggage delay, trip extension |
| ProviderContiki | Package TypeComprehensive Care International | Coverage HighlightsUnlimited overseas medical expenses coverage | ExclusionsPre-existing conditions, extreme sports, war/civil unrest | Additional BenefitsIncrease luggage item limit cover, adventure activities coverage, motorcycle riding coverage, snow sports |
| ProviderContiki | Package TypeEssentials Care International | Coverage HighlightsUnlimited overseas medical expenses | ExclusionsPre-existing conditions, extreme sports, war/civil unrest | Additional BenefitsIncrease luggage item limit cover, adventure activities coverage |
| ProviderExpedia | Package TypePackage Protection Plan | Coverage HighlightsAccidental Death & Dismemberment Air Common Carrier coverage, it's exclusive CareFree™ Travel Assistance, Pre- and Post-departure trip cancellation or interruption coverage | ExclusionsPre-existing conditions, extreme sports, war/civil unrest | Additional BenefitsN.A. |
| ProviderAirCover by Airbnb | Package TypeHosts/Guests | Coverage HighlightsRefund (partial or full) for inability to check in due to certain issues, inaccurate listings, host cancellations | ExclusionsPre-existing conditions, extreme sports, war/civil unrest, travel cancellations or delays, flight cancellations, baggage loss/damage, overseas medical expenses, accidental death | Additional BenefitsN.A. |
| ProviderTraveloka | Package TypeTraveloka x Chubb Travel Swift One-way &/or Return Journey | Coverage HighlightsMedical expenses, emergency evacuation, trip cancellation/interruption, baggage & personal belongings | ExclusionsPre-existing conditions, extreme sports, war/civil unrest, overseas medical expenses, personal liability (mostly for One-Way Journey) | Additional BenefitsN.A. |
| Provider | Package Type | Exclusions | Additional Benefits*Note that the above is just a general comparison, and specific coverage details may vary within each tier (if applicable) and provider. Please refer to the respective travel package provider's official policy documents for the complete and accurate list of inclusions, exclusions, and limitations. The information above is not exhaustive and other Singapore travel providers offer different tiers of travel insurance coverage. All data last updated on 9 February 2024. |
How To Pick The Best Travel Package (With Or Without Insurance Coverage)?
Assess flexibility and cancellation policies
Scrutinize the flexibility and cancellation regulations associated with your chosen travel package, including any insurance coverage. Familiarize yourself with the terms and conditions governing alterations to your itinerary, penalties for cancellations, refund protocols, and alternatives for rescheduling or rebooking in unforeseen circumstances.
Research on discount opportunities
Hunt for discounted travel packages, special seasonal deals, and promotions provided by airlines, hotels, tour operators, and online travel agencies. Stay informed about exclusive offers and discounts by subscribing to newsletters, monitoring travel websites and social media channels, and enrolling in loyalty programs.
Assess cost and value of insurance coverage
Compare the overall cost of each travel package inclusive of insurance coverage against the benefits and value provided. Take into account factors such as initial expenses, potential savings, coverage constraints, and the level of protection offered to determine the most advantageous option.
Maintain flexibility with travel dates
Opt for flexibility in your travel dates to capitalize on potential cost savings. Consider traveling during off-peak periods or mid-week when prices for flights, accommodations, and activities are typically more affordable. Utilise fare or travel insurance comparison tools or travel aggregators, and flexible date search functions to uncover the most advantageous deals.
Consider additional options and upgrades
Evaluate any supplementary add-ons or upgrades available for the insurance coverage within the travel package. Assess whether these options cater to your specific needs or preferences and if they offer good value for money.
Frequently Asked Questions
Should I get travel insurance for my travel package?
- Yes and no. If the travel package you have purchased does not come with travel insurance coverage included in it, it is best to get a standalone insurance plan as it typically offers a broader array of coverage options, including additional provisions for specialized needs such as adventure sports, pre-existing medical conditions, or high-value possessions.
Can I get add-ons for my travel insurance coverage after I book my travel package?
- Yes. Some travel agencies do allow the addition of any additional coverage benefits options that you may prefer for your existing travel package insurance coverage. For example, Contiki travel packages come with travel insurance which offers additional add-on coverage options for increased luggage item limit cover, adventure activities coverage, motorcycle riding coverage, snow sports coverage, and more.
Is it possible to claim for my travel package costs if my flight gets cancelled?
- Yes. Many travel service providers who sell travel packages (including travel insurance/coverage) do provide coverage for flight delays or cancellations. This is similar to most standalone travel insurance plans which allows you to claim for flight ro trip cancellation when the reason is valid i.e. you are forced to cancel a part or the whole of your planned trip due to specified causes such as you suffering from a terminal condition, becoming ill or sustaining a bodily injury, so you are not allowed to travel, you or your family member is/are sick or has/have passed away, sustained a bodily injury, you encountered cancellation of scheduled public transportation services because of civil commotion, strike or riot, just to name a few examples.