Compare The Best Annual Travel Insurance Plans In Singapore (2024)

Looking for the best annual travel insurance plan? We've shortlisted 8 of the best annual travel insurance plans to buy. 

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Best Annual Travel Insurance Plans In Singapore (2024)

If you plan to visit a few destinations this year, you’re probably shopping for an annual travel insurance plan.

Compared to a single trip plan, an annual travel insurance plan (also known as an annual multi-trip plan) provides coverage for up to one calendar year, offering greater value and convenience while saving on cost. 

So if you’re unsure which one best fits your needs, we've compiled 8 of the best travel insurance plans to buy. But first...


Table of Contents


What Is An Annual Travel Insurance Plan?

Annual travel insurance, or multi-trip travel insurance, is designed for those who frequently embark on journeys. It's an efficient solution for the avid traveller which offers coverage for an unlimited number of trips within a year. 

This type of plan is best tailored to cater to the needs of individuals who seek comprehensive protection, including medical coverage and assistance during trip inconveniences, across various global destinations.


Should You Purchase Single Trip Or Annual Travel Insurance?

 

Multi-trip travel insurance is most beneficial for individuals who may find themselves travelling several times throughout the year. It's a cost-effective and time-saving option, eliminating the need to secure a new policy for each trip. 

Frequent travellers can leverage its benefits, enjoying peace of mind with extensive coverage that spans many regions worldwide, ensuring they're well-protected on every journey.

Further, annual travel insurance is particularly suited for unique travellers like digital nomads, business travellers, and anyone who may frequently cross borders for leisure or work. These travellers benefit from the extended coverage and flexibility that a multi-trip policy provides, covering everything from medical emergencies to trip cancellations across a wide range of destinations worldwide.

Using MSIG as an example in the table below, let’s compare which type of travel insurance place is more cost-efficient for a simple trip from Singapore to Malaysia.

 

Type of Travel Insurance Single Trip (before discount) Annual Travel (before discount)
Cost S$50 S$289
Coverage S$5,000 for trip cancellation

S$250,000 of overseas medical coverage

S$3,000 for bags and belongings

S$600 for baggage delay (S$150/6h)
S$5,000 for trip cancellation

S$250,000 of overseas medical coverage

S$3,000 for bags and belongings

S$600 for baggage delay (S$150/6h)
Total S$50 x 8 = S$400
(assuming the plan costs the same throughout the year)
S$289

 

On top of that, like a single trip travel insurance, you can also choose whether you want an individual or a group annual travel insurance plan.

While they both offer similar benefits and coverage, the difference is the cost per person, policy limit, and customisation. For example, a group plan has a lower cost per person because you can add family members with no additional cost. However, the drawback is that the coverage limit is shared and lower than an individual plan. 

Here's an example for overseas medical expenses for an individual vs group plan:

group vs individual travel insurance plan medical expenses

Source

 


 

Comparing the Best Annual Travel Insurance Plans in Singapore 2024

Annual Travel Insurance Plan Premium Per Adult (excluding promo) Main Benefits

 

STARR-3

Starr Travelead Travel Insurance

S$187 to S$320 (ASEAN),

S$200 to S$342 (Asia),

S$242 to S$413 (Worldwide)

  • Highly customisable

  • Budget-friendly

  • Extensive cruise travel coverage

TIQ-1

 Tiq by Etiqa Travel Insurance

S$206 to S$323 (ASEAN),

S$218 to S$340 (Asia),

S$273 to S$492 (Worldwide)

  • Optional COVID-19 add-on

  • Optional pre-existing conditions coverage

  • Affordable and good value for money

  • Flight delay trip coverage

  • Trip cancellation coverage, baggage loss coverage
logo-allianz-travelAllianz Travel Hero

S$300 (ASEAN),

S$406 (Asia Pacific),

S$557 (worldwide excluding USA and Canada)

  • High coverage per dollar

  • High Covid-19-related coverage

  • Highest reimbursement for essential items
MSIG-1

 

MSIG Travel Insurance

S$289 to S$559 (ASEAN),

S$347 to S$617 (Asia),

S$523 to S$882 (Worldwide)

 

  • COVID-19 coverage

  • High emergency medical evacuation coverage

  • Public transport double cover

FWD-1

 

FWD Travel Insurance

S$259.55 to S$407.45 (ASEAN),

S$275.50 to S$429.20 (Asia including Australia and NZ),

S$342.20 to S$598.85 (Worldwide excluding USA),

S$345.10 to S$620.60 (Worldwide) 

  • Optional COVID-19 add-on

  • Insolvency protection

  • Automatic travel cover extension

  • Natural disaster coverage
AIG-1

 

AIG Travel Guard

S$579 to S$630 (Worldwide),

S$773 to S$988 (Nepal, Tibet, Rest of the world) 

  • COVID-19 coverage

  • High medical benefits and baggage loss cover

  • 24-hour global emergency assistance

2023_Singlife Logo - Red on White - HorizontalSinglife

S$232 to S$460 (ASEAN),

S$250 to S$505 (Asia, Australia, New Zealand),

S$307 to S$652 (Worldwide)

  • Unlimited coverage for overseas medical claims (Travel prestige plan only)

  • Frequent flyer miles loss coverage

  • COVID-19 coverage

  • Trip cancellation benefit for any reason (Travel Plus and Prestige plan only)

  • Rainfall Protection

NTUC-Income-logo

Income Travel Insurance Standard/Enhanced PreX

S$347 to S$834 (Asia),

S$563 to S$1,209 (Worldwide) 

  • Pre-existing condition coverage (Enhanced PreX plan only)

  • COVID-19 coverage

  • High coverage for trip cancellation, travel delay, and baggage loss
DBS_Bank_logo_logotype-1024x360-1

 

DBS TravellerShield Plus

S$278.75 to S$428.44 (ASEAN),

S$345 to S$651.25 (Asia),

S$464.80 to S$875 (Worldwide excluding US, Canada, and Cuba),

S$579.60 to S$1,050 (Worldwide excluding Cuba)

  • COVID-19 coverage

  • Extreme sports coverage

  • High average coverage for baggage delay and baggage loss, and medical expenses

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Best Annual Travel Insurance for Each Benefit

 

Best For
Annual Travel Insurance Plan
Premium Rate
Deals & Promotions
AIG Travel Guard Supreme & Enhanced plans
$468 - $554
Medical Coverage (including COVID-19 coverage)
Allianz Travel Comprehensive Bronze, Silver, and Platinum plans
#337 - $651
Cruise Coverage
FWD Premium Plan
$260
Comprehensive Coverage
MSIG TravelEasy® Standard, Elite Premier Plans
$289 - $559
Unlimited Overseas Medical Coverage
Singlife Travel Lite, Plus and Prestige Plans
$232 - $460
Overall Good Value
Direct Asia DA 200, DA 500 and DA 1000 plans
$209 - $288
Customisation of Plan
Star TraveLead Comprehensive Bronze, Silver and Gold plans
$343 - $586
Family
FWD First Family
$791

 

Annual Travel Insurance Promotions:


Starr Travelead Travel Insurance

 

 

Starr

Premiums

$445.90 to $761.80 (Southeast Asia)

$475.80 to $813.80 (Asia Pacific)

Overseas medical coverage

S$200,000 to S$1,000,000

Emergency evacuation

Covered

COVID-19 cover

Yes, $15,000 to $65,000

Pre-existing cover

No

Trip cancellation coverage

S$5,000 to S$15,000

Rental vehicle excess cover 

$500 to $1,200

Travel delay (S$50 for every three hours)

$500 to $800

Baggage loss/theft or damage to personal belongings (S$250 per article, S$1,000 per laptop)

$3000 to $7,500

Personal accident, accidental death or permanent disability 

$150,000 to $500,000

 

 

 

 

 

 

 

 

 

 

 

 

 

Starr Travel Insurance is designed to cater to diverse travel needs with its three distinct tiers: Bronze, Silver, and Gold. Each tier offers a range of benefits and coverage options, allowing travellers to choose the plan that best fits their requirements and budget. Whether you're looking for basic protection or comprehensive coverage, Starr Travel Insurance provides flexibility and peace of mind for your travels.

Starr Travel Insurance offers a range of appealing benefits for travellers. The policies provide decent coverage, ensuring that essential aspects of your trip are protected. The attractive ongoing promotions also make these policies highly affordable, allowing travellers to access quality insurance without straining their budgets. For those with specific interests, Starr Travel Insurance also enables the selection of optional add-ons for various sports, including golfing and skiing, ensuring tailored protection for specialized activities.

However, there are some limitations to consider. Starr Travel Insurance does not offer worldwide coverage, restricting its availability to Southeast Asia and the Asia Pacific. Travellers visiting destinations outside these areas must seek alternative insurance options to ensure comprehensive trip protection.


 

SingSaver's Starr TraveLead Exclusive Promotion:  

Single Trip: Enjoy 58% discount when you use promo code SS58. Valid till 30 June 2024. T&Cs apply.

 

  • Complimentary lounge access during flight delays. Valid till 1 July 2024 8:59 am. 
 
 

Increase COVID-19 medical expenses coverage and protection against trip cancellations due to COVID-19 when you select either the Gold or Silver plans. T&Cs apply.


TIQ by ETIQ Travel Insurance

 

 

Tiq-Logo-by-Etiqa-insurance.-1024x319-1

Premiums

S$206 to S$323 (ASEAN),

S$218 to S$340 (Asia),

S$273 to S$492 (Worldwide)

Overseas medical coverage

S$200,000 to S$1,000,000

Emergency evacuation

S$1,000,000 to S$1,800,000

COVID-19 cover

Yes (add-on; unavailable for Pre-Ex plans)

Pre-existing cover

Yes (Pre-Ex plans only)

Trip cancellation coverage

S$5,000 to S$10,000

Rental vehicle excess cover 

S$300 to S$1,000 (add-on)

Travel delay (S$50 for every three hours)

S$300 to S$500

Baggage loss/theft or damage to personal belongings (S$250 per article, S$1,000 per laptop)

S$2,000 to S$3,000

Personal accident, accidental death or permanent disability 

S$30,000 to S$500,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Tiq by Etiqa travel insurance is one of the few insurance plans that cover pre-existing medical conditions. It’s also one of the cheapest travel insurance plans around, providing comprehensive coverage across the board, even for the Entry plan. 

Like most travel insurance plans, Etiqa Tiq travel insurance offers three different tiers to cater to travellers with different budgets — Entry, Savvy, and Luxury — and each tier has a different level of coverage. For instance, the Entry plan starts with S$200,000 for overseas medical expenses and S$1,000,000 for the Savvy plan. 

Aside from the high overseas medical expenses coverage, Etiqa Tiq travel insurance also offers high emergency evacuation coverage, up to S$1,800,000 (combined with the repatriation of mortal remains to Singapore).

The downside of Etiqa Tiq travel insurance is that the travel delay, rental vehicle excess, and baggage loss coverage are lower than most. Moreover, while there’s a COVID-19 add-on option, it’s unavailable if you’re on the Pre-Ex plan. Additionally, pre-ex coverage isn’t available for annual travel plans.


 

SingSaver's Exclusive TIQ Travel Insurance Promotion: 

Single Trip: Use the promo code TIQSINGSAVER to get 40% off. Valid till 31 May 2024.

Annual Trip: Use the promo code TIQSINGSAVER to get 60% off your COVID-19 rider. Valid till 31 May 2024.

Also receive a Complimentary lounge access during flight delays. Valid till 1 July 2024 8:59 am. 

Key in the promo code under the coupon code section on the next page after selecting your destination and dates. The prices shown are before discounts.

Receive coverage for trip cancellations, medical expenses, and more when you purchase the COVID-19 Rider. T&Cs apply.


Allianz Travel Hero

 

Allianz_Travel_RGB_Digital

Premiums

$300 (ASEAN)

$406 (Asia Pacific)

$557 (Worldwide)

Overseas medical coverage

$200,000 to $500,000

Emergency evacuation

Covered up till $500,000

COVID-19 cover

No

Pre-existing cover

No

Trip cancellation coverage

S$5,000 to S$15,000

Rental vehicle excess cover

$2,000 to $3,000 (for Asia Pacific and Worldwide only)

Travel delay

$1,000 to $3,000

Baggage loss/theft or damage to personal belongings 

$3,000 to $7,000

Personal accident, accidental death or permanent disability 

$50,000 to $150,000

 

 

Allianz Travel Hero is a straightforward travel insurance policy that meets essential travel needs with decent coverage, especially for trip disruptions, at an affordable price. Notably, it includes COVID-19 coverage in its base plans, eliminating the need for additional add-ons for pandemic-related incidents.

However, it lacks different plan tiers and add-ons, offering coverage based solely on the travel destination, which limits customization. This can be advantageous for travelers who prefer a simple, hassle-free option without the need to compare various plans. On the downside, it does not cover pre-existing conditions, making it less suitable for those needing such coverage.

Overall, Allianz Travel Hero is a convenient and value-for-money option, especially for families, as it offers group coverage limits through its family plan. Allianz Travel Hero is available for purchase on on SingSaver.


 


 

MSIG Travel Insurance

 

 

MSIG_logo-e1549984631366

Premiums 

S$289 to S$559 (ASEAN),

S$347 to S$617 (Asia),

S$523 to S$882 (Worldwide)

Overseas medical coverage

S$250,000 to S$1,000,000

Emergency evacuation

S$1,000,000 

COVID-19 cover

Yes 

Pre-existing cover

Yes (with Pre-ex plan)

Trip cancellation coverage

S$5,000 to S$15,000

Rental vehicle excess cover

S$1,000 to S$1,500 (Elite and Premier plans only)

Travel delay (S$100 for every six hours)

S$500 to S$1,000

Baggage loss/theft or damage to personal belongings (S$500 per article and S$1,000 per laptop)

S$3,000 to S$7,500

Personal accident, accidental death or permanent disability 

S$150,000 to S$500,000

 

Starting from S$289 for an annual travel insurance, MSIG TravelEasy travel insurance is among the most affordable travel insurance around.

However, it doesn’t skimp on benefits as it covers you up to S$1,000,000 for overseas medical coverage, up to S$1,000,000 for emergency evacuation, up to S$500,000 for personal accident and TPD, and up to S$15,000 for trip cancellations, among others. You’ll also get other perks like personal liability coverage, adventurous activities cover, rental vehicle excess, and golfer’s cover.

Travellers who want travel coverage for their pre-existing conditions can purchase the MSIG TravelEasy Pre-Ex plan, which provides coverage for asthma, diabetes, hypertension, stroke, and high blood pressure, allowing you to travel confidently. 

However, like Etiqa Tiq, the TravelEasy Pre-Ex plan is only available for single trips only, which is not the best option if you are looking out for coverage that includes pre-existing conditions if you’re on the annual plan. Also, it’s also worth noting that the Standard plan (which is the most basic tier) excludes some of the benefits you’ll get from the Elite and Premier plan. For instance, you won’t get rental vehicle excess cover, adventurous activities cover, and golfer’s cover.

 


 

SingSaver's Exclusive MSIG TravelEasy Insurance Promotion: Get 40% off  Single Trip and 20% off Annual Trip when you buy NOW! Valid till 31 May 2024.

Also receive:

  • Complimentary lounge access during flight delays. Valid till 1 July 2024 8:59 am. 

MSIG TravelEasy has been enhanced to provide better travel protection with over 50 benefits and COVID-19 coverage.


FWD Travel Insurance

 

 

FWD

Premiums

S$259.55 to S$407.45 (ASEAN),

S$275.50 to S$429.20 (Asia including Australia and NZ),

S$342.20 to S$598.85 (Worldwide excluding USA),

S$345.10 to S$620.60 (Worldwide) 

Overseas medical coverage

S$200,000 to S$1,000,000

Emergency evacuation

Unlimited

COVID-19 cover

Yes (add-on)

Pre-existing cover

No

Trip cancellation coverage

S$7,500 to S$15,000

Rental vehicle excess cover

S$500 to S$1,000 (Business and First plans only)

Travel delay (S$100 for every six hours)

S$300 to S$1,000

Baggage loss/theft or damage to personal belongings (S$300 per item for the Premium plan and S$500 per item for the Business and First plan)

S$3,000 to S$7,500

Personal accident, accidental death or permanent disability 

S$200,000 to S$400,000

 

 

With premiums starting from about S$260 for a multi-trip travel insurance plan, FWD travel insurance is one of the most affordable annual travel insurance plans you can find in Singapore, making it worthwhile to budget-conscious and frequent travellers who want no-frills coverage.

Offering three different plans (Premium, Business, and First), you get good coverage for overseas medical expenses, emergency evacuation (unlimited), trip cancellations, and personal accidents, accidental death, or TPD. FWD travel insurance also comes bundled with extreme sports coverage for scuba diving, skiing, skydiving, bungee jumping, and more. 

That said, the compromise is you get lower limits for travel delays and loss of personal belongings. Also, the Premium plan (the most basic tier) lacks behind in coverage compared to the Business and First plans. 

While there isn't any pre-existing condition coverage, you can include a COVID-19 add-on, starting from S$100.


 

SingSaver's Exclusive FWD Promotion: Use the promo code FWDTRAVEL to get a 35% discount on Single Trip and 30% on Annual Trip plans! Valid till 28 May 2024. T&Cs apply. Also receive:

  • Complimentary lounge access during flight delays. Valid till 1 July 2024 8:59 am. 
 

 

AIG Travel Guard

 

 

aig-logo

Premiums 

S$579 to S$630 (Worldwide),

S$773 to S$988 (Nepal, Tibet, Rest of the world) 

Overseas medical coverage

S$1,000,000 to S$2,500,000

Emergency evacuation

Unlimited (Supreme and Enhanced plans only)

COVID-19 cover

Yes 

Pre-existing cover

No

Trip cancellation coverage

S$10,000 to S$15,000

Rental vehicle excess cover

S$1,000 to S$1,500 (Supreme and Enhanced plans only)

Travel delay (S$100 for every six hours)

S$2,000 to S$3,000

Baggage loss/theft or damage to personal belongings (S$500 per article and S$1,000 per laptop)

S$5,000 to S$10,000

Personal accident, accidental death or permanent disability 

S$200,000 to S$300,000

AIG’s travel insurance plan, Travel Guard Direct, offers comprehensive coverage in most categories, particularly for overseas medical coverage, emergency evacuation, and rental vehicle excess. 

Sports enthusiasts and golfers leaving Singapore to chase adrenaline overseas will be glad to know that Travel Guard Direct also offers extreme sports coverage and other golf-related benefits. 

However, it’s also one of the most expensive travel insurance plans. The Basic tier or Classic plan also offers significantly less coverage than its mid-tier “Enhanced” and top-tier “Supreme” counterparts. 

As such, budget-conscious travellers may want to look elsewhere if they want similar coverage at lower prices.

 



Singlife Travel Insurance

 

2023_Singlife Logo - Red on White - Horizontal

Premiums

S$232 to S$460 (ASEAN),

S$250 to S$505 (Asia, Australia, New Zealand),

S$307 to S$652 (worldwide)

Overseas medical coverage

S$250,000 to unlimited (Prestige plan only)

Emergency evacuation

Combined with overseas medical expenses

COVID-19 cover

Yes

Pre-existing cover

No

Trip cancellation coverage

S$5,000 to S$20,000

Rental vehicle excess cover

S$500 to S$2,500

Travel delay (S$100 for every six hours)

S$500 to S$2,000

Baggage/theft or damage to personal belongings (up to S$300 per item for Lite plan, up to S$700 per item for Piks and Prestige plan

S$3,000 to S$8,000

Personal accident, accidental death or permanent disability 

S$50,000 to S$500,000

Singlife travel insurance offers three different tiers with varying levels of coverage based on your budget: Travel Lite, Travel Plus, and Travel Prestige. As you can probably tell, the difference between the three is the level of protection and benefits.

For instance, the Travel Prestige plan, which is the highest iteration, offers unlimited overseas medical expenses and emergency medical evacuation. Furthermore, you’ll also get the highest coverage for personal accidents, travel delays, and baggage loss/damage, among others, so it is something that you should definitely consider for your yearly getaways from Singapore. 

Moreover, the Travel Plus and Travel Prestige plan has trip cancellation for any reason benefit (including pre-existing conditions) of S$5,000. 

However, the downside is that overseas medical expenses and emergency evacuation coverage are shared, and there’s no coverage for pre-existing conditions.

 

Singlife Travel Insurance Promotion:

Single Trip: Enjoy a 25% discount when you use the promo code TRAVEL25 for Single Trip. Valid till 31 May 2024. T&Cs apply.

Annual Trip: Use promo code ANNUAL25 to get 25% off Annual Trip plans when you buy now. Valid till 31 May 2024. T&Cs apply. Also receive:

  • Complimentary lounge access during flight delays. Valid till 1 July 2024 8:59 am. 

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Income Travel Insurance Standard/Enhanced PreX

 

NTUC-Income-Bigger-Logo

Premiums

Standard: S$347 to S$551 (Asia), S$563 to S$844 (worldwide)

Enhanced PreX: S$536 to S$834 (Asia), S$811 to S$1,209 (Worldwide)

Overseas medical coverage

S$250,000 to S$350,000 (Standard), S$500,000 to S$1,000,000 (Enhanced PreX)

Emergency evacuation

Combined with overseas medical expenses

COVID-19 cover

Yes

Pre-existing cover

Yes (Enhanced PreX plan only)

Trip cancellation coverage

S$5,000 to S$15,000 (Standard), S$10,000 to S$15,000 (Enhanced PreX)

Rental vehicle excess cover

S$1,500 to S$2,500 (Standard), S$2,000 to S$2,500 (Enhanced PreX)

Travel delay (S$100 for every six hours)

S$1,000 to S$2,000 (Standard), S$1,500 to S$2,000 (Enhanced PreX)

Baggage loss/theft or damage to personal belongings (up to S$500 per article, S$1,000 per laptop)

S$3,000 to S$8,000 

Personal accident, accidental death or permanent disability

S$100,000 to S$200,000 (Standard), S$200,000 to S$500,000 (Enhanced PreX)

Income travel insurance offers good coverage in areas such as overseas medical expenses (up to S$350,000), travel delay (up to S$2,000), baggage loss (up to S$8,000), and personal accident, accidental death and permanent disability (TPD) (up to S$500,000). On top of this, it also covers COVID-19.

That said, the premiums are not the best in the market. Moreover, it doesn’t have miscellaneous benefits such as extreme sports coverage, and you might have also noticed that the coverage for overseas medical expenses and emergency evacuation are combined, which is made worse by the fact that the Standard plan only allows you to claim up to S$350,000, depending on your tier, with moderate increases to coverage for the annual plan. 

Also, this travel insurance stands out because it has a pre-existing condition plan (Income Enhanced PreX). If you have a pre-existing medical condition, getting protection when you travel is a no-brainer. Income’s Enhanced PreX plan covers medical expenses of up to S$1,000,000 for pre-existing conditions such as asthma, stroke, hypertension, and diabetes. 

Also read: Travel Insurance 101: Does My Policy Cover Damaged Baggage and Contents?

 


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DBS TravellerShield Plus (Chubb)

 

 

DBS_Bank_logo_logotype-300x105

Premiums 

S$278.75 to S$428.44 (ASEAN), S$345 to S$651.25 (Asia), S$464.80 to S$875 (worldwide excluding US, Canada, and Cuba), S$579.60 to S$1,050 (worldwide excluding Cuba)

Overseas medical coverage

S$300,000 to S$1,000,000

Emergency evacuation

S$1,000,000

COVID-19 cover

Yes 

Pre-existing cover

Yes (optional add-on)

Trip cancellation coverage

S$5,000 to S$15,000

Rental vehicle excess cover

S$1,000 to S$1,500 (Premier and Platinum plans only)

Travel delay (up to S$100 for every six hours)

S$1,200 to S$2,000

Baggage loss/theft or damage to personal belongings (S$500 per article and S$1,000 per laptop)

S$3,000 to S$8,000

Personal accident, accidental death or permanent disability 

S$150,000 to S$500,000

DBS TravellerShield Plus offers high coverage for overseas medical expenses, baggage loss, and travel delay, and thus can be ideal for travellers who want coverage in these areas. It also provides coverage for extreme sports, which is great for sports enthusiasts. Though, note that extreme sports coverage isn’t included in the “Classic” plan, which is the basic tier. 

While the Classic plan is competitively priced against other competitors with similar range of coverage, the mid-tier “Premier” and top-tier ”Premium” plans are pricey, and may not fit well for those on a budget or want good value for their money. In fact, you can get similar coverage at lower rates from other insurers. 


How To Pick The Right Annual Insurance Plan

 

Deciding which annual travel insurance to go with can be overwhelming especially when there are so many options in Singapore.

While you might be tempted to choose the cheapest option, it may not be the best match for your travel needs. It’s also important to know what you’ll be covered for and the covered amount, among other things. 

So here are some factors to consider before buying an annual travel insurance policy:


Compare Plans

 

When looking for the right annual travel insurance, it's essential to compare different plans against competitors in Singapore. Focus on coverage provided, such as medical expenses, trip cancellation, and baggage loss. Pay attention to coverage limits and the premium costs. Comparing plans helps you identify the one that offers comprehensive coverage tailored to your travel habits at a competitive price.


Read Reviews

 

Reading customer reviews and testimonials can provide valuable insights into the insurance provider's reliability and the quality of their customer service. Reviews can highlight how the insurer handles claims, their responsiveness, and overall customer satisfaction. This information can be crucial in choosing a provider you can rely on when you need it most.


Understand the Policy

 

A thorough understanding of your chosen policy is critical. Ensure you're clear on what is and isn't covered, including any exclusions or limitations. Pay special attention to the fine print regarding pre-existing medical conditions, adventure activities, and coverage limits. Understanding these details ensures you are not caught off guard when it comes time to make a claim.


What does your travel insurance plan cover?

 

When selecting an annual travel insurance plan, understanding the breadth and depth of coverage it offers will influence your decision heavily. From geographical flexibility and medical emergencies to unexpected travel disruptions and adventurous activities, knowing what your policy includes can significantly impact your travel experience. Let’s explore the key areas of coverage that are essential for the Singapore traveller, ensuring you're well-prepared for your journey ahead.


Comprehensive Protection For Most, If Not All Countries

 

Insurance plans typically offer a range of coverage options from specific regions to global protection. Opting for a worldwide plan ensures flexibility, allowing for last-minute changes to travel destinations without the worry of coverage limitations.


Health and Safety Net Abroad

 

A crucial component of travel insurance is medical coverage, which extends to include ailments such as COVID-19. This ensures that travellers can receive necessary medical treatment without the burden of high costs, providing peace of mind during international travels.


Safeguard Against Trip Disruptions

 

Travel insurance also protects against the inconvenience caused by unexpected disruptions, including severe weather, technical issues with transportation, or health-related cancellations. Compensation varies by plan, covering potential financial losses from such interruptions.


Coverage for Adventure Seekers

 

Recognising the needs of adventure enthusiasts, many insurers now cover activities that were once considered too risky, from skydiving to scuba diving. This expansion allows travellers to explore and participate in extreme sports with confidence, knowing they are protected.


Emergency Assistance When You Need It Most

 

The provision for emergency medical evacuation and repatriation is a testament to the comprehensive nature of travel insurance. This ensures that in critical health situations, including those related to COVID-19, travellers have access to necessary medical facilities and, if needed, can be safely transported back to their home country.


Frequently Asked Questions About Annual Travel Insurance in Singapore

 


When does my annual travel insurance coverage start?

 

Your annual travel insurance coverage typically starts from the date specified in your policy agreement. This is the start date you choose when purchasing your policy, which can often be immediately or on a future date aligned with your travel plans. To maximise your coverage, you can plan your policy to take effect on the day you depart from Singapore.


What happens if I want to cancel my annual travel insurance?

 

Cancelling your annual travel insurance policy usually involves contacting your insurer directly. Most policies allow for cancellation within a specific timeframe, often with a full or partial refund if no claims have been made. The refund amount and any applicable fees depend on the insurer's policy terms and how much of the policy term has elapsed. Be sure to read your policy document or consult with your insurance provider to understand the exact process and any financial implications of cancellation.


Are annual travel insurance plans really worth it?

 

Annual travel insurance plans are worth considering for frequent travellers, as they can provide significant savings and convenience compared to purchasing multiple single-trip policies. They offer comprehensive coverage for numerous trips within a year, making them a cost-effective option for those who travel several times annually.


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