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Best Annual Travel Insurance Plans In Singapore (2023)

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

Discover the best OCBC credit cards and apply now
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 annual travel insurance plan to get, we've compiled 8 of the best plans to buy. But first...

What is an annual travel insurance plan?

 

Annual travel insurance, also known as multi-trip travel insurance, provides coverage within one calendar year.

This includes trips to different destinations around the world, whether it's Europe, Asia, or North America. 

While annual travel insurance may cover multiple trips, most annual travel insurance plans cover no more than 90 days per trip.

 

Who should purchase or benefit from an annual travel insurance plan?

 

To answer this question, suppose someone travels to Malaysia around 6-8 times a year (which could easily be half of the Singapore population).

We used MSIG as an example in the table below, and you can compare which type of travel insurance place is more cost-efficient.  

 

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

 

SingSaver's Exclusive MSIG TravelEasy Insurance Promotion: Receive up to S$38 in Grab vouchers and get 40% discount for Single Trip and 20% off on Annual Trip plans when you apply NOW.  T&Cs apply. Plus, till 31 December, every applicant will also score an Apple AirTag — perfect for keeping tabs on your luggage on your next trip — or a ReboundTag. T&Cs apply.

Apply now and you'll automatically be enrolled in our lucky draws:

  • Best Price Travel Insurance Weekly Draw: Get up to 3x chances to win 1x flight ticket reimbursement & 12x Samsonite Volant Spinner 68/25 EXP (worth S$480). T&Cs apply.
  • 101! Milestone Giveaway: Enjoy 1x chance to win your share of up to S$200,000 in prizes in our epic weekly lucky draw, including S$5,000 bonus cash each week! T&Cs apply. 

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


Comparing the Best Annual Travel Insurance Plans in Singapore 2023

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

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 Insurance

S$372 to S$788 (Asia Pacific),

S$690 to S$1,263 (worldwide, excluding USA and Canada),

S$770 to S$1,398 (worldwide including USA and Canada)

  • COVID-19 coverage

  • Up to $1,000,000 emergency evacuation coverage

  • Automatic extension cover

  • Natural disaster cover

  • Sporting equipment cover
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

What others are saying about this card?

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Travel Insurance Promotions

SingSaver's Best Price Travel Campaign: All successful applicants of participating Travel Insurance products will receive 1x (single trip) or 3x (annual trip) draw chance to enter our weekly lucky draw, where 1 lucky winner will stand to have their flight ticket reimbursed (up to a maximum of $2,000) and 12 lucky winners will receive a Samsonite Volant Spinner 68/25 EXP worth S$480. Valid till 31 December 2023. T&Cs apply.

Travel Insurance Premium for Individual Cover Covid-19 Coverage Promotion

Starr TraveLead Travel Insurance


 

from S$11.05 (for 1 week in ASEAN)
Yes

Get up to $50 Grab Vouchers (min. Premium $30) and get 35% off when you use promo code SSVTL35. Valid till 10 Dec 2023. T&Cs apply.  Plus, till 31 December, every applicant will also score an Apple AirTag — perfect for keeping tabs on your luggage on your next trip — or a ReboundTag. T&Cs apply.

 

 

Enjoy 1x chance (Single Trip) or 3x chances (Annual Trip) to enter our weekly lucky draw. 1 lucky winner will stand to have their flight ticket reimbursed and 12 lucky winners will receive a Samsonite Volant Spinner 68/25 EXP worth S$480. Promotion ends on 31 December 2023. T&Cs apply.

 

Additionally, enjoy 1x chance to win your share your share of up to S$200,000 in prizes in our epic 101! Milestone Giveaway, including S$5,000 bonus cash each week on top of ongoing promotions!

MSIG Travel Easy

 

from S$34.10 (for 1 week in ASEAN)
Yes

Enjoy 40% off when you apply for Single Trips and 20% off for Annual Plan plus get up to $38 Grab Vouchers when you purchase now!! Valid till 17 December 2023. T&Cs apply. Plus, till 31 December, every applicant will also score an Apple AirTag — perfect for keeping tabs on your luggage on your next trip — or a ReboundTag. T&Cs apply.

 

Enjoy up to 3x chances to enter our Weekly Lucky Draw, where 1 lucky winner will stand to have their flight ticket reimbursed and 12 lucky winners will receive a Samsonite Volant Spinner 68/25 EXP worth S$480. T&Cs apply.

 

Additionally, enjoy 1x chance to win your share your share of up to S$200,000 in prizes in our epic 101! Milestone Giveaway, including S$5,000 bonus cash each week on top of ongoing promotions!

Allianz Travel Insurance
AZ logo

 

from S$34.10 (for 1 week in Asean)
Yes

Use promo code SSV50 to get 50% discount, up to $35 Grab Vouchers, and 1x Airalo eSim with up to 3GB data (minimum premium of $60) when you apply NOW! Valid till 8 December 2023. T&Cs apply.

 

Additionally, enjoy 1x chance (Single Trip) or 3x chances (Annual Trip) to enter our weekly lucky draw, where 1 lucky winner will stand to have their flight ticket reimbursed and 12 lucky winners will receive a Samsonite Volant Spinner 68/25 EXP worth S$480. Promotion ends on 31 December 2023. T&Cs apply.

FWD Travel Insurance

 

from S$22.50 (for 1 week in Asean)
Yes

Use the promo code SSTRIP to get a 30% discount on Single Trip and 25% discount on Annual Trip plans! Valid till 8 Dec 2023.  T&Cs apply. Also receive:

1x Airalo eSIM with up to 3GB data before your fly (minimum premium $60). Valid till 31 December 2023.

1x Apple AirTag (worth $45) for the first 3,800 applicants. Valid till 5 January 2024.

Additionally, be included in the following draws below:

Best Price TI weekly draw: Enjoy 3x chances to enter our Weekly Lucky Draw, where 1 lucky winner will stand to have their flight ticket reimbursed and 12 lucky winners will receive a Samsonite Volant Spinner 68/25 EXP worth S$480.
101! Milestone Giveaway: Enjoy 1x chance to win your share your share of up to S$200,000 in prizes in our epic 101! Milestone Giveaway, including S$5,000 bonus cash each week on top of ongoing promotions!

Etiqa (TIQ) Travel Insurance
Tiq_Etiqa_LogoLockUp-02


from S$39 (for 1 week in Asean)
Yes

Single Trip: Use the promo code TIQSINGSAVER to get 48% off. Valid till 18 Dec 2023. T&Cs apply.

 

Annual Trip: Use promo code TIQSINGSAVER to get 60% off COVID-19 add-on. Valid till 31 Dec 2023. T&Cs apply.

 

Enjoy 1x chance (Single Trip) or 3x chances (Annual Trip) to enter our weekly lucky draw, where 1 lucky winner will stand to have their flight ticket reimbursed and 12 lucky winners will receive a Samsonite Volant Spinner 68/25 EXP worth S$480. Promotion ends on 31 December 2023.  T&Cs apply.

 

Additionally, stand to win S$3,000 in TIQ Travel Insurance Monthly Lucky Draw Campaign 2023 (Fulfillment by TIQ). Valid till 31 Dec 2023.

Singlife Travel Insurance

SINGLIFE_LOGO_200x50-2 


 

 from S$46.20 (for 1 week in ASEAN)
 Yes

Score an Airalo eSIM with up to 3GB data and receive it before you fly when you apply now! Valid till 31 December 2023. T&Cs apply.

 

Additionally, enjoy 1x chance (Single Trip) or 3x chances (Annual Trip) to enter our weekly lucky draw, where 1 lucky winner will stand to have their flight ticket reimbursed and 12 lucky winners will receive a Samsonite Volant Spinner 68/25 EXP worth S$480. Promotion ends on 31 December 2023. T&Cs apply.

 


Single Trip:
Enjoy a 25% discount when you use the promo code TRAVEL25. Additionally, get a free 6 months heatstroke insurance. Valid till 10 Dec 2023. T&Cs apply.

 

Annual Trip: Get a 25% discount when you use the promo code ANNUAL25. Valid till 31 Dec 2023. T&Cs apply.

Allied World  Travel Insurance

Allied-World-Insurance-2

 

 

 from S$45 (for one week in Asean)
Yes

Enjoy a 45% discount for Single Trip and 15% discount for Annual Trip when you apply now! Valid till 31 Dec 2023. T&Cs apply.

 

Enjoy 1x chance (Single Trip) or 3x chances (Annual Trip) to enter our weekly lucky draw, where 1 lucky winner will stand to have their flight ticket reimbursed and 12 lucky winners will receive a Samsonite Volant Spinner 68/25 EXP worth S$480. Promotion ends on 31 December 2023. T&Cs apply

AIG Travel Guard® Direct 

aig-logo

 

from S$30 (for 1 week in Asean)
Yes

Single Trip:  Enjoy 20% off with promo code SS20OFF. Valid till 12 Dec 2023. Additionally get $20 PayNow! (minimum premium of $80). Plus, every 12th customer gets an additional $45 Paynow. Valid till 31 Dec.

 

Annual Trip: Apply promo code SSTGD to receive $200 PayNow! Plus, every 12th customer gets an additional $45 Paynow. Valid till 31 Dec 2023.  

 

Additionally, enjoy 1x chance (Single Trip) or 3x chances (Annual Trip) to enter our weekly lucky draw, where 1 lucky winner will stand to have their flight ticket reimbursed and 12 lucky winners will receive a Samsonite Volant Spinner 68/25 EXP worth S$480. Promotion ends on 31 December 2023. T&Cs apply.

Great Eastern Travel Insurance

Great-Eastern-1

 

 from S$52 (for one week in Asean)
Yes

Single Trip: Get an 30% discount when you use the promo code TSP30S. Valid till 31 Dec 2023. T&Cs apply.

 

Annual Trip: Get an 10% discount when you use the promo code TSP10A. Valid till 31 Dec 2023. T&Cs apply.

Discount is only valid for Elite and Classic plans.

 

Enjoy 1x chance (Single Trip) or 3x chances (Annual Trip) to enter our weekly lucky draw, where 1 lucky winner will stand to have their flight ticket reimbursed and 12 lucky winners will receive a Samsonite Volant Spinner 68/25 EXP worth S$480. T&Cs apply. Promotion ends on 31 December 2023. T&Cs apply.

Seedly Travel Insurance

seedly TI logo

 

from S$49.80 (for 1 week in Asean)
No

Receive 25% off and 1x Airalo eSIM worth up to 3GB data when you apply NOW! Valid till 31 December 2023.  T&Cs apply.

Win the equivalent of a return flight for 2 to Bali (via S$600 Klook voucher). T&Cs apply.

Enjoy 1x chance to enter our weekly lucky draw, where 1 lucky winner will stand to have their flight ticket reimbursed and 12 lucky winners will receive a Samsonite Volant Spinner 68/25 EXP worth S$480. T&Cs apply. Promotion ends on 31 December 2023. T&Cs apply.



[Highest discount in the market] TIQ by ETIQA 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 most affordable 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 multi-trip plans. 

 

 

SingSaver's Exclusive TIQ Travel Insurance Promotion: 

Single Trip: Use the promo code TIQSINGSAVER to get 48% off. T&Cs apply. Valid till 18 December 2023. T&Cs apply.

Annual Trip: Use the promo code TIQSINGSAVER to enjoy a 60% discount on your COVID-19 add-on when you apply. Fulfillment by TIQ. Valid till 31 December 2023. T&Cs apply.

Additionally, enjoy up to 3x chances to enter our Weekly Lucky Draw, where 1 lucky winner will stand to have their flight ticket reimbursed and 12 lucky winners will receive a Samsonite Volant Spinner 68/25 EXP worth S$480. T&Cs apply.

Plus, stand to win S$3,000 in TIQ Travel Insurance Monthly Lucky Draw Campaign 2023 (Fulfillment by TIQ). Valid till 31 Dec 2023.

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 Insurance

 

Allianz_Travel_RGB_Digital

Premiums

S$372 to S$788 (Asia Pacific),

S$690 to S$1,263 (worldwide, excluding USA and Canada),

S$770 to S$1,398 (worldwide including USA and Canada)

Overseas medical coverage

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

Emergency evacuation

Unlimited (search and rescue: S$10,000)

COVID-19 cover

Yes

Pre-existing cover

No

Trip cancellation coverage

S$5,000 to S$10,000

Rental vehicle excess cover

S$1,000 to S$1,500

Travel delay

Up to S$1,600

Baggage loss/theft or damage to personal belongings 

Up to S$5,000

Personal accident, accidental death or permanent disability 

S$50,000 to S$100,000

Allianz travel insurance is for travellers who want high medical coverage when travelling abroad, especially to countries with high medical treatment costs. 

That’s because it covers up to S$1,000,000 in emergency medical and dental expenses, and all three tiers (Bronze, Silver, and Platinum) also have unlimited emergency evacuation coverage. Each plan also covers you against medical costs, trip cancellations, and travel delays caused by COVID-19. 

What’s also unique about Allianz travel insurance is that the policy includes automatic coverage extension. So if your return is affected due to something unforeseen (flight delays, medical emergencies, strikes, etc.), your period of cover will be extended without any payment or premiums.

Additionally, the Silver and Platinum plans also come with rental vehicle excess cover of up to S$1,000 and S$1,500, respectively, though this isn’t available for the Bronze tier.

However, premiums are expensive, and you can get similar coverage with other insurers at more competitive rates. Moreover, you can't buy an annual travel insurance plan if you're travelling to the ASEAN region. 

 

 

SingSaver's Allianz Travel Insurance Exclusive Promotion: Use promo code SSV50 to get 50% discount, up to $35 Grab Vouchers, and 1x Airalo eSIM with up to 3GB (minimum premium of $60) when you apply NOW! Valid till 31 December 2023. T&Cs apply.

Enjoy up to 3x chances to enter our Weekly Lucky Draw, where 1 lucky winner will stand to have their flight ticket reimbursed and 12 lucky winners will receive a Samsonite Volant Spinner 68/25 EXP worth S$480. T&Cs apply.

Allianz Travel Insurance includes coverage for both COVID-19 and Cruises to Nowhere.


 

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 insurance plan, 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, the drawback is like Etiqa Tiq, the TravelEasy Pre-Ex plan is only available for single trips only, so won’t get coverage for 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: Receive up to S$38 in Grab vouchers and get 40% discount for Single Trip and 20% off on Annual Trip plans when you apply NOW.  T&Cs apply. Plus, till 31 December, every applicant will also score an Apple AirTag — perfect for keeping tabs on your luggage on your next trip — or a ReboundTag. T&Cs apply.

Apply now and you'll automatically be enrolled in our lucky draws:

  • Best Price Travel Insurance Weekly Draw: Get up to 3x chances to win 1x flight ticket reimbursement & 12x Samsonite Volant Spinner 68/25 EXP (worth S$480). T&Cs apply.
  • 101! Milestone Giveaway: Enjoy 1x chance to win your share of up to S$200,000 in prizes in our epic weekly lucky draw, including S$5,000 bonus cash each week! T&Cs apply. 

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 around, 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 SSTRIP to get a 30% discount on Single Trip and 25% discount on Annual Trip plans! Valid till 8 Dec 2023. Also receive:

  • 1x Airalo eSIM with up to 3GB data before your fly (minimum premium $60). Valid till 31 December 2023.
  • 1x Apple AirTag (worth $45) for the first 3,800 applicants. Valid till 5 January 2024.

 

Additionally, be included in the following draws below:

  • Best Price TI weekly draw: Enjoy up to 3x chances to enter our Weekly Lucky Draw, where 1 lucky winner will stand to have their flight ticket reimbursed and 12 lucky winners will receive a Samsonite Volant Spinner 68/25 EXP worth S$480.
  • 101! Milestone Giveaway: Enjoy 1x chance to win your share your share of up to S$200,000 in prizes in our epic 101! Milestone Giveaway, including S$5,000 bonus cash each week on top of ongoing promotions!



 

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 who want protection 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 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. 

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: Score an Airalo eSIM with up to 3GB data and receive it before you fly when you apply now! Valid till 31 December 2023. T&Cs apply.

Additionally, enjoy up to 3x chances to enter our Weekly Lucky Draw, where 1 lucky winner will stand to have their flight ticket reimbursed and 12 lucky winners will receive a Samsonite Volant Spinner 68/25 EXP worth S$480. T&Cs apply.

Single Trip: Enjoy a 25% discount when you use the promo code TRAVEL25. Additionally, get a free 6 months heatstroke insurance. Valid till 10 Dec 2023. T&Cs apply.

Annual Trip: Get a 25% discount when you use the promo code ANNUAL25. Valid till 31 Dec 2023. T&Cs apply.

What others are saying about this card?

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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 high. 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.      

However, 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.

 


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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 around.

While you might be tempted to choose the cheapest option, 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 plan:

What does your travel insurance plan cover you?

 

Travel insurance plans typically cover overseas medical expenses, emergency evacuation/repatriation, loss of luggage, personal accidents and TPD, trip cancellation, and travel delays.

However, no travel insurance plan is the same. So beyond these staple benefits, look at other benefits you might need during your trips such as COVID-19, pre-existing conditions, sports coverage, natural disasters, credit card fraud, and even kidnapping.

Some travel insurance plans also offer more family-oriented benefits; for instance, FWD allows you to claim up to S$1,000,000 for adults and S$300,000 for children for overseas medical expenses. 

Also read: 11 Things You Probably Didn’t Know Your Travel Insurance Can Cover

Aside from that, travel insurance also comes with varying claim limits, so ensure that you work out how much coverage you need.

For instance, if a trip is cancelled for a covered reason, such as medical emergency, natural disaster, or civil unrest, you'll want to ensure that your policy's trip cancellation coverage is enough to compensate you for things that you've prepaid such as flight tickets, hotel rooms, car rental, cruise, and tours.

Should I purchase an individual or group travel insurance plan?

 

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

Your Travel Destination

 

When buying a travel insurance plan, you're often asked to choose your travel destination. Usually, this is divided into different regions, such as ASEAN, Asia, and worldwide. The farther your destination, the more expensive the plan.

For instance, the ASEAN region is cheaper than the worldwide region as the latter covers all eligible travel destinations, while the former only covers trips to ASEAN countries.

If you're visiting the same region for the entire year, you can select the narrowest region to save money.

However, if you're travelling to countries in different regions (e.g. England, Hong Kong, New Zealand), then you'll need an annual travel insurance plan that provides worldwide coverage. 


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